King Revshare Review: Three tier ad-credit Ponzi fraud
There is no information on the King Revshare website indicating who owns or runs the business.
The King Revshare website domain (“kingrevshare.com”) was registered on the 11th of January 2016, however the domain registration is set to private.
On the official King Revshare Facebook page, Dujon Desagurante Williams is identified as the admin of the company.
On his own Facebook profile Williams (right) cites his location as London in the UK, which is likely where King Revshare is being operated out of.
In mid 2015 Williams was promoting the MLM social network Tsu. Promotional material for non-MLM binary options and forex income opportunities also appear.
William’s first MLM venture as an affiliate appears to be ACN, which he signed up with in late 2014.
On is LinkedIn profile Williams claims he left ACN in December 2015. Less than two weeks later he registered the King Revshare domain.
Read on for a full review of the King Revshare MLM opportunity.
The King Revshare Product Line
King Revshare has no retailable products or services, with affiliates only able to market King Revshare affiliate membership itself.
Once signed up, King Revshare affiliates invest in offered plans.
Bundled with each investment are a series of advertising credits, which can be used to display advertising on the King Revshare website.
The King Revshare Compensation Plan
The King Revshare compensation plan sees affiliates sign up and invest in three offered plans:
- Free membership (no cost) – 110% ROI offered on $1, $3 and $5 investments (mandatory 50% reinvestment)
- Prince’s Special ($7 a month) – 115% ROI offered on $10, $20 and $30 investments (mandatory 50% reinvestment)
- King’s Special ($15 a month) – 122% ROI offered on $35, $50 and $70 investments (mandatory 45% reinvestment)
When King Revshare affiliates recruit new paid affiliates (Prince’s and King’s Special), they receive 10% of the monthly affiliate fee.
King Revshare pay out referral commissions on investments made by recruited affiliates.
Referral commissions are paid out down three levels of recruitment (unilevel) as follows:
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
- level 3 – 2%
Joining King Revshare
There are three King Revshare affiliate membership options available:
- Free membership – no cost
- Prince’s Special – $7 a month
- King’s Special – $15 a month
The primary difference between the offered affiliate membership plans is income potential through the King Revshare compensation plan.
Dujon Desagurante William’s year-long MLM career in ACN failed to take off.
After dabbling in forex, binary options and traffic-exchange for a bit, William’s has evidently taken it upon himself to launch his own MLM underbelly scheme.
King Revshare offers affiliates a combination of pyramid scheme recruitment and Ponzi fraud.
The pyramid side of the business presents itself by way of affiliate membership fees used to pay recruiting affiliates. This is straight chain-recruitment and identifies King Revshare as a pyramid scheme.
The Ponzi side of the business is the well-traveled ad-credit model which, under the guise of selling advertising, sees newly invested funds used to pay off existing investors.
Pay to play is also evident with how much an affiliate pays in King Revshare monthly membership fees directly impacting their income potential.
From the King RevShare FAQ:
(Is) KingRevshare considered (Scam) or (Schemes)?
No, we are a an online advertising companies which sells advertising space this allows companies to expose their business to potential customers.
Any company or program that claims a rate of interest (ROI) but doesn’t have a product/service is a SCAM.
Upon closer examination, King RevShare’s pseudo-compliance quickly falls apart.
First and foremost selling advertising doesn’t pay a cash ROI, investments do. Furthermore if advertising was indeed being sold, then surely unused advertising credits would attract a refund?
Yet, as per the King RevShare Terms and Conditions:
Under no circumstances does Kingrevshare accept any and all refund requests on any of the services we provide.
The reason King Revshare can’t offer refunds, as a legitimate advertising company would otherwise be able to do, is because the second you deposit funds into the scheme they are used to pay off existing investors.
The ad-credits attached to that core Ponzi mechanic are entirely irrelevant.
As to King RevShare’s ROI claim, all the company does is differentiate different levels of Ponzi fraud.
Recycling newly invested funds to pay off existing investors is what defines a Ponzi scheme. Ponzi schemes without an attached product or service are merely simpler in nature than those with.
Attaching a product or service to a Ponzi scheme doesn’t make it any less of a Ponzi scheme.
As with all such schemes, once newly invested funds dry up King RevShare will find itself unable to meet its ROI obligations.
To that end the company stipulates they
cannot put a timeframe on how long it will take for ad packs to earn a 122% from our revenue share. That’s completely dependent on the revenue we generate from selling ad packs.
“Selling ad packs” = newly invested funds entering the scheme.
What that ultimately means for you is, unless you were one of the first King Revshare investors, you’re going to lose your money.