GulfRevShare Review: Nine-tier adpack Ponzi scheme
GulfRevShare identifies “Celena H. Fernandez” as admin of the company on their website. The GulfRevShare Facebook page additionally provided a residential address in the US state of Alabama.
The GulfRevShare website domain (“gulfrevshare.com”) was registered on January 3rd 2016, however the domain registration is set to private.
In the absence of absolutely any information on Celina H. Fernandez, in connection with GulfRevShare or otherwise, I’m flagging it as a likely alias.
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.
The GulfRevShare Product Line
GulfRevShare has no retailable products or services, with affiliates only able to market GulfRevShare affiliate membership itself.
Once signed up, GulfRevShare affiliates are able to purchase adpacks and participate in the attached income opportunity.
Bundled with each adpack purchase are a series of advertising credits, which can be used to display advertising on the GulfRevShare website.
The GulfRevShare Compensation Plan
The GulfRevShare website sees affiliates invest in adpacks on the promise of an advertised ROI.
Each adpack tier has three ROI options, depending on how long an affiliate wishes to wait for a ROI payout.
- Gulf Basic Plan – invest $5 and receive a 120% ROI after 20 days, 125% ROI after 25 days or 130% ROI after 30 days
- Gulf Premium Plan – invest $100 and receive a 135% ROI after 20 days, 138% ROI after 25 days or 143% ROI after 30 days
- Gulf Platinum Plan – invest $500 and receive a 145% ROI after 20 days, 150% ROI after 25 days or 160% ROI after 30 days
Note that 30% of all ROI withdrawal payouts must be reinvested back into the scheme.
Referral commissions on funds invested by recruited affiliates are paid out 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.
GulfRevShare cap payable unilevel levels at five, with commissions paid out as a percentage of funds invested by affiliates in a unilevel team.
How much of a percentage is paid out is determined by what level of the unilevel team funds are invested on:
- level 1 (personally recruited affiliates) – 6%
- level 2 – 3%
- levels 3 to 5 – 2%
GulfRevShare affiliate membership is free, however affiliates must invest between $5 and $500 if they wish to participate in the attached MLM opportunity.
The adpack Ponzi scheme model is well-worn with GulfRevShare putting their own little twist on it.
Larger ROIs are offered if affiliates retain funds in the scheme for a few days longer, however the maturity periods are close enough that I suspect most will just opt for 30 days.
In any event, GulfRevShare has no identifiable source of revenue other than affiliate investment.
We do not believe in HYIPs or the systems that 99% of these operators follow. It is fairly easy to see, look at the interests some of them offer, its ridiculous! Taking money from one to pay another is PONZI style and a highly illegal practice.
Investing in HYIPs is totally a risk you take and which we do not take.
The funds from your Advertising Adpack purchases in GulfRevShare are genuinely invested and real returns are paid for our online and off-line investments. we do invest in Forex/Commodities and some other online ventures.
There is no proof whatsoever on the GulfRevShare website demonstrating promised ROIs are tied to purported “online and offline investments”.
It follows that newly invested funds are thus used to pay off existing investors, making GulfRevShare a Ponzi scheme.
In an effort to justify financial fraud, Gulf Share offer up the following pseudo-compliance in their FAQ:
IS GULFREVSHARE LEGAL?
YES it is legal. In order for any program to be legal, it is required to supply a service and/or product to you.
Today all but the seediest of HYIP schemes don’t offer some attached product or service to Ponzi investment. What makes a scheme such is the recycling of invested funds, not whatever else may or may not be attached to invested funds.
Just to completely destroy the argument however, in the case of GulfRevShare adcredits are bundled with affiliate investment.
Logically speaking if adcredits were indeed being marketed and sold, unused credits would attract a refund.
Instead, as per GulfRevShare’s refund policy:
All purchased items … are non-refundable (NO REFUND).
The reason GulfRevShare can’t offer refunds is because the second funds enter the scheme, they are used to pay off existing investors. Thus it is the investment opportunity being actually sold an not adcredits.
As with all Ponzi schemes, GulfRevShare will collapse when recruitment of new affiliates dies down. This coincides with a lack of new funds entering the system, which means GulfRevShare will be unable to meet it’s ROI obligations.
Being a 20 to 30 day ROI scheme, the collapse of GulfRevShare will be sudden with little to no prior warning. Once the admin pulls the plug it’s over, with most GulfRevShare investors losing out.