Gold Rush Cash Review: $100 in, $5700 out 2×2 matrix Ponzi cycler
Gold Rush Cash provide no information on their website about who owns or runs the business.
The Gold Rush Cash website domain (“goldrushcash.net”) was privately registered on April 5th, 2017.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Gold Rush Cash Products
Gold Rush Cash has no retailable products or services, with affiliates only able to market Gold Rush Cash affiliate membership itself.
The Gold Rush Cash Compensation Plan
Gold Rush Cash affiliates purchase positions in a four-tier 2×2 matrix cycler.
A 2×2 matrix places a Gold Rush Cash affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these two positions into another two positions each (4 positions).
Positions in the matrix are filled via purchases by new and existing Gold Rush Cash affiliates.
Once all four positions in a matrix are filled, a “cycle” is triggered and a commission paid out:
- Matrix 1 – $100 commission and cycles into Matrix 2
- Matrix 2 – $700 commission and cycles into Matrix 3
- Matrix 3 – $1000 commission and cycles into Matrix 4
- Matrix 4 – $3900 commission and generates a new Matrix 1 position
Joining Gold Rush Cash
Gold Rush Cash affiliate membership is free, however participation in the income opportunity requires the purchase of at least one $100 cycler position.
Conclusion
At its core, Gold Rush Cash can be broken down into a $100 in, $5700 out Ponzi scheme.
The only source of ROI revenue is new affiliate investment, by way of cycler position purchases. Gold Rush Cash’s use of newly invested funds to pay off existing investors makes it a Ponzi scheme.
On the raw numbers side of things, each $5700 ROI requires five hundred and seventy $100 payments at a minimum. Needless to say the only positions that will get anywhere close to that are those preloaded by the anonymous Gold Rush Cash admin.
Normally I’d advise that some early affiliates might get some scraps, but Gold Rush Cash’s use of HostGator hosting suggests the website was set up on the cheap and planned to be shut down before anyone is actually paid.
ARE THERE ANY REFUNDS?
ANSWER: NO REFUNDS WILL BE ALLOWED
This provides a maximum return for the anonymous admin and pretty much screws over everyone else. Good times.
Maybe it would be a good idea to do more research before condemning a program.
The owner is Patrick McCarthy (no longer “anonymous”) and there are 10 products. You might also want to join to see how it actually works.
Members purchase new positions from their own earnings which is very much like a member-to-member program. Time will tell…
Well the review is date-stamped. Are you suggesting I travel back in time and use information only made available after publication and put it in the original review?
“Own earnings” = stolen subsequently invested funds. That’s how a Ponzi scheme works.
Ala cash gifting. Earlier affiliates stealing the money of those who join after them.
Ponzi schemes are nothing new. The only certainty time will provide is Gold Rush Cash’s inevitable collapse.
Interesting! I wonder why myself, others on my team, and others from the team above me talk to Patrick the owner everyday at random.
Hummm…. Within 2 weeks I wonder why this is the 1st marketing business I have been in over 30 yrs where everyone I have recruited have been getting paid in the order I sponsored them even before they could recruit in some cases because of spillover.
Hummmmm… I wonder why there are 10 products in the back office with resale right…which makes them priceless!
For a one time $100. We are getting paid from the product sales & people can buy multiple sets of product if they want to. Hummmmm….
I could go on and on but all I have to say is have to say is hummmmm…
No idea. And no idea what that has to do with Gold Rush Cash not providing ownership information on their website.
Because after scamming people in Ponzi schemes for 30 years you finally managed to join one at the start?
Ponzi schemes mathematically guarantee the majority of investors lose money. Whether this includes your personal downline or not is irrelevant.
irrelevant pseudo-compliance.
Nah. You invest $100 and then try to scam people who join after you out of $5700 through Ponzi fraud.
That’s all Gold Rush Cash is.