Greek Mythology Club Review: Passive Legends’ own Ponzi
Greek Mythology Club operates in the NFT MLM niche.
The company is headed up by co-founders Brendon Parker and Zak Anstis. Parker is a resident of Washington in the US. Anstis is believed to be a resident of the UK.
Both Parker and Anstis are your typical crypto bro grifters. Together they run the private FaceBook group Passive Legends.
This is your one stop shop for creating multiple passive income streams in the biggest financial industries in the world. All waiting for you to tap into and start earning today.
In other words, Passive Legends is a funnel for crypto scams – recruitment of which into through Passive Legends, primarily benefits Parker (right) and Anstis.
Brendon Parker goes by “Crypto Bren”.
On a corresponding YouTube channel Parker promotes MLM crypto Ponzi schemes:
Zak Anstis’ Ponzi scamming goes back years.
Anstis started his crypto bro journey in 2017 with bitcoin mining. In mid 2018 Anstis transitioned to MLM crypto Ponzi scamming.
Anstis (right) also runs ItsFX, a passive forex trading scheme. Traffic to ItsFX’s website is so low that SimilarWeb doesn’t track it.
I’m not sure if they met in Arbistar or 7K Metals, but Anstis and Parker appear to have been working together since 2020.
The last Ponzi the pair promoted was SwapIT. Here’s the SwapIT pitch on Passive Legends’ website:
SwapIT’s SWIT token is currently trading at 1.4 cents. And that brings us to Greek Mythology Club.
Read on for a full review of Greek Mythology Club’s MLM opportunity.
Greek Mythology Club’s Products
Greek Mythology Club has no retailable products or services.
Affiliates are only able to market Greek Mythology Club affiliate membership itself.
Greek Mythology Club’s Compensation Plan
Greek Mythology Club affiliates invest $400 in ethereum on the promise of a passive weekly ROI.
The MLM side of Greek Mythology Club pays is tied to recruitment of affiliate investors.
Greek Mythology Club pays residual commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Greek Mythology Club caps payable unilevel team levels at six.
Residual commissions are paid as a percentage of weekly returns received by recruited unilevel team affiliates across these six levels as follows:
- level 1 (personally recruited affiliates) – 7%
- level 2 – 4%
- level 3 – 3%
- level 4 – 2%
- levels 5 and 6 – 1%
Joining Greek Mythology Club
Greek Mythology Club affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $400 investment in ethereum.
Greek Mythology Club Conclusion
Brendon Parker and Zak Anstis have come to the inevitable conclusion that, no matter how big the pool of victims you build, running scams is more profitable than promoting them.
Greek Mythology Club was initially targeted at Passive Legends insiders:
Starting July 2022, Passive Legends insiders were placed at the top of Green Mythology Club’s downline hierarchy.
Public Greek Mythology Club recruitment began a few weeks ago, prompting publication of this review.
Greek Mythology Club affiliates invest $400 on the promise of a weekly passive return.
Greek Mythology Club investment positions are attached to a low-effort AI generated NFT collection:
Rather than just admit they’re running a Ponzi scheme, Greek Mythology Club represents external revenue is generated via a number of sources:
No verifiable evidence of Greek Mythology Club paying weekly returns with external revenue of any kind is provided.
The only acceptable form of evidence would be audited financial reports, filed with the SEC in the US and FCA in the UK.
This brings us to Greek Mythology Club, Parker and Anstis committing securities fraud.
Despite clearly running an MLM passive investment scheme, neither Greek Mythology Club, Parker or Anstis are registered with the SEC or FCA.
The only reason MLM companies commit securities fraud is because they aren’t doing what they claim to be. Which in this instance is paying investors a weekly return with externally generated revenue.
This shouldn’t come as a surprise, given Parker’s and Anstis’ long history promoting MLM crypto Ponzi schemes.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Greek Mythology Club of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.