Manifest Review: Revisiting Jimmy Bennett in 2024
BehindMLM first reviewed Manifest FX back in March 2022. We raised securities fraud concerns, owing to marketing of an unregistered forex trading bot scheme.
Co-founder and CEO Jimmy Bennett’s ties to Dubai was also a due-diligence red flag.
Shortly after our review was published, co-founder Josh Felts bailed and Manifest FX shortened its name to Manifest.
This appeared to be a cosmetic rebranding so BehindMLM didn’t publish an updated review.
Around mid 2023 we noted a trend where Bennett would put one of his underlings in charge of a shell company.
Said company would be promoted as a standalone entity, but underneath pointed back to Manifest.
BehindMLM documented two examples of this, Simply Success and The Latest Wave.
Simply Success collapsed. The Latest Wave’s website is still up but, over the past three months, SimilarWeb has tracked negligible website traffic.
Just shy of two years since our original Manifest FX review, a reader wrote in requesting an update.
Today we’re revisiting Manifest to see what Jimmy Bennett is up to in 2024.
The Company
Manifest’s website still cites Jimmy Bennett as founder and CEO of the company.
No corporate address is provided but Manifest’s website Terms and Conditions does cite “Manifest Ventures LTD”, a UK shell company.
Jimmy Bennett’s social media suggests he’s still based out of Dubai. This remains an ongoing MLM due-diligence red flag.
Manifest’s Products
Manifest markets monthly and annual memberships:
- Platinum – $99 a month or $999 annually
- CEO – $349 a month or $3499 annually
Each Manifest membership tier provides access to the following services:
Platinum
- a crypto and forex education platform
- crypto and forex marketing insights
- property education
- e-commerce education
- stocks and shares education
- wealth management
- a discount travel and accommodation platform (includes flight insurance) and
- “700,000 loyalty discounts from the world’s best brands”
CEO
- everything in Platinum
- an “expedited visa and passport services”
- “overseas medical and perscription [sic] assistance”
- “unlimited VIP airport lounge access”
- access to a “private medical jet”
- access to a “private concierge”
- overseas legal representation and
- “maximum passive income opportunities”
Manifest’s Compensation Plan
Manifest’s compensation plan pays on sales of Platinum and CEO subscriptions to retail customers and recruited affiliates.
Manifest Affiliate Ranks
There are sixteen affiliate ranks within Manifest’s MLM opportunity.
Along with their respective qualification criteria, they are as follows:
- Founder – recruit/refer three subscribers and generate a total downline subscriber count of three (min 297 PV)
- Founder 500 – maintain three subscribers and generate a total downline subscriber count of twenty (min 1980 GV)
- Founder 1500 – recruit/refer four subscribers and generate a total downline subscriber count of seventy (min 6930 GV)
- Explorer 3000 – recruit/refer five subscribers and generate a total downline subscriber count of one hundred and forty (min 13,860 GV)
- Explorer 5000 – recruit/refer five subscribers and generate a total downline subscriber count of three hundred (min 29,700 GV)
- Visionary 10 – recruit/refer eight subscribers and generate a total downline subscriber count of six hundred (min 59,400 GV)
- Visionary 15 – recruit/refer ten subscribers and generate a total downline subscriber count of eight hundred and fifty (min 89,100 GV)
- Visionary 25 – recruit/refer twelve subscribers and generate a total downline subscriber count of one thousand two hundred (min 118,800 GV)
- Visionary 50 – maintain twelve active subscribers and generate a total downline subscriber count of three thousand (min 297,000 GV)
- Visionary 80 – recruit/refer fourteen subscribers and generate a total downline subscriber count of five thousand (min 495,000 GV)
- Visionary 100 – maintain fourteen subscribers and generate a total downline subscriber count of seven thousand five hundred (min 742,000 GV)
- Visionary 150 – recruit/refer sixteen subscribers and generate a total downline subscriber count of ten thousand (min 990,000 GV)
- Visionary 250 – recruit/refer eighteen subscribers and generate a total downline subscriber count of fifteen thousand (min 1,485,,000 GV)
- Visionary 500 – recruit/refer twenty-four subscribers and generate a total downline subscriber count of thirty thousand (min 2,970,000 GV)
- Visionary 750 – recruit/refer twenty-six subscribers and generate a total downline subscriber count of sixty-six thousand (min 6,634,000 GV)
- Visionary 1M – recruit/refer thirty subscribers and generate a total downline subscriber count of ninety thousand (min 8,891,000 GV
Note that required subscribers must be active with subscription fees to count towards rank qualification.
Note that from Founder 500, downline subscribers must be split equally on both sides of a binary team.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
(binary)
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
Residual Commissions
Manifest pays weekly commissions based on rank:
- Founder ranked affiliates earn $25 a week
- Founder 500 ranked affiliates earn $125 a week
- Founder 1500 ranked affiliates earn $375 a week
- Explorer 3000 ranked affiliates earn $750 a week
- Explorer 5000 ranked affiliates earn $1250 a week
- Visionary 10 ranked affiliates earn $2500 a week
- Visionary 15 ranked affiliates earn $3750 a week
- Visionary 25 ranked affiliates earn $6250 a week
- Visionary 50 ranked affiliates earn $12,500 a week
- Visionary 80 ranked affiliates earn $20,000 a week
- Visionary 100 ranked affiliates earn $25,000 a week
- Visionary 150 ranked affiliates earn $37,000 a week
- Visionary 250 ranked affiliates earn $62,000 a week
- Visionary 500 ranked affiliates earn $125,000 a week
- Visionary 750 ranked affiliates earn $187,000 a week
- Visionary 1M ranked affiliates earn $250,000 a week
Joining Manifest
Basic Manifest affiliate membership is $20 a month.
Affiliates can also sign up with a Manifest subscription:
- Platinum – $119 a month or $50 one-time plus $1149 annually (first year paid upfront)
- CEO – $369 a month or $50 one-time plus $3649 annually (first year paid upfront)
Manifest Conclusion
Manifest as an MLM opportunity fails to distinguish between retail customer and recruited affiliate subscription volume.
From a compliance perspective, if the majority of Manifest subscribers are also affiliates, the company effectively operates as a pyramid scheme.
The quick fix to this is requiring each Manifest affiliate to refer a certain amount of retail subscribers.
Outside of pyramid concerns, the major compliance issue with Manifest FX was securities and commodities fraud.
Manifest FX pitched passive returns to investors via a forex trading bot. As far as regulation in the US went, this required Manifest FX to register with both the SEC and CFTC.
Manifest FX failed to do so, instead offering up this pseudo-compliance:
The information on this site is not directed at residents of the United States.
Today a slightly expanded version of that disclaimer is still presented to visitors of Manifest’s website:
The information on this site is not directed at residents of the United States & Canada.
Before I get ahead of myself, I want to note that if Manifest is still offering Manifest FX’s passive trading returns they’re not doing so publicly.
Manifest’s website mentions trading education and signals, but nothing like the automated passive trading returns Manifest FX pitched.
With respect to its trading education and signals, Manifest wholeheartedly doesn’t stand behind either provided service:
Manifest does not recommend trading in any of the markets in which we educate over any other investment, nor do we recommend that you trade in these markets at all.
Not really what I’d be looking for in a trading education service provider.
While there’s no mention of automated returns via forex trading on Manifest’s website, there is mention of ” maximum passive income opportunities”.
These securities offerings are only offered to CEO subscribers. Manifest doesn’t go into what exactly is offered to consumers, only stating;
We’ve curated a wide rane of opportunities to grow your savings and build passive income streams.
Whether you’re looking to diversify your portfolio or make a first-time investment, Manifest has it all.
Whatever passive returns they are offering subscribers, this undoubtedly constitutes a securities offering under US law.
Bearing in mind the “we don’t market to US residents” disclaimer, for December 2023 SimilarWeb tracked the US as the largest source of Manifest website traffic (74%).
India was the only other notable source of traffic, coming in at 26%. Note that securities fraud is also a thing in India. It’s a thing in every country with regulated financial markets.
Specific to the US, Manifest is required to register its “passive income opportunities” with the SEC. Since launching as Manifest FX in late 2021, neither Manifest of Jimmy Bennett have ever been registered with the SEC.
Such to the extent Manifest’s “passive income opportunities” involve forex or commodities, Manifest and Bennett are also required to register with the CFTC.
Failing to do so means Manifest is operating illegally in its largest subscriber market.
This was a problem with Manifest FX and remains a problem today. Were there more than SimilarWeb’s estimated ~4200 monthly visits to Manifest’s website, it an Bennett might have popped up on US regulatory radars by now.
Given the lack of compliance with respect to securities and commodities regulation, it’s highly likely that Manifest is also operating as a pyramid scheme. This would constitute an additional violation of the FTC Act.
As with all MLM pyramid schemes, once affiliate recruitment dries up so too will commissions.
One could make the argument that Manifest’s “passive income opportunities” might offset losses attributed to its pyramid scheme, but this brings us back to securities and commodities fraud.
Notwithstanding Bennett’s prior history of securities fraud in the UK.
Between its shady hidden investment opportunities, likely operation as a pyramid scheme and disregard for financial regulations, Manifest remains an obvious avoid.
I have been in manifest since the start. Between LCM bot princess, king, flex, goose, and crypto millions of dollars are held hostage by Jimmy and manifest.
Their expertise is hijacking funds and blowing accounts. People are struggling right now so much because of Jimmy and there is no help.
The band of losers Laura Holmes who is wanted for running scams and her FLN team keep pushing manifest.
To add insult to injury we have millions locked up and these clowns keep promoting.
Who can help us now? Who will be able to help us get recourse? Just take a look at their trust pilot review. It’s horrible. Someone needs to stop this clown.
I have been in Manifest for 3 years. Joined yearly CEO, I have 4 bot, but in 3 years I never seen a single penny payout.
Sapphire market (unregulated broker) runs the bot for Manifest. Excuses after excuses why noone can withdraw their money!
4 bot was blown, and Manifest claiming they managing risks, protecting people’s money.
Can verify this is definitely a scam and one to stay away from. I have lost thousands of dollars in so called PAMM accounts that you could never withdraw from or blown due to mismanagement.
The broker Manifest utilises is Sapphire Markets and they are dodgy not replying to emails and withholding withdrawal of funds with no explanation.
It has been 2 years and the same excuses from Mr Bennett while he continues to make false promises and lure more unsuspecting investors into the web. If you ever question him you will be blocked and excluded from all communication and updates. A true narcissist.
Stay away from Manifest and Sapphire. Also the people he uses to market his business are just as bad and need to be brought to justice. None of them have a conscience.
This article and the one previously written in 2022 couldn’t be more accurate!!!
Manifest fx is indeed a scam, I’ve lost money and my dad’s savings into this. Jimmy Bennett has been opening companies and dissolving them for the past 5 years, I now understand why.
The softwares used to trade people’s funds in Simply just like Manifest have blown and lost everyone’s money.
Manifest claims to provide automated trading with RISK MANAGEMENT on their platforms, but guess what ALL the softwares are in deep drawdown or blown and we cannot withdraw a cent! So how is that for risk management??
The “leaders” paid to LIE online to convince people to join are just as bad as Jimmy, specifically one called Laura Holmes Cameron(laura_freedomlifestyle on ig) has been investigated and charged with fraud!!!
Also Jimmy Bennett uses purposely UNREGULATED brokers such as Sapphire Markets (also big scammers for not allowing manifest clients to withdraw money and standing behind Manifest).
Please DO NOT INVEST IN MANIFEST!!!! I pray Jimmy will be stopped and put where he really belongs.
I believe Manifest to be a scam. I have been with them since 2021.
At first, withdrawals were available. Now, two years after one blown account (PRO), withdrawals aren’t allowed for accounts in drawdown.
Jimmy had people sign a form saying they were okay with taking a 40% loss. But yet, no withdrawals. We’re told it’s because of their broker, Sapphire. When you ask Sapphire, they tell you it’s because of Manifest. It’s all smoke and mirrors.
It smells like a Ponzi scheme. There is an MLM side to it. I never took part in that because how can you refer people to something that locks up your money with no way to withdraw.
Can’t repeat the above comments enough . So many simple ways to fix this and yet no one cares.
Any other company would be working to save itself right now but manifest aren’t really bothered about its unhappy customers.
We are being silenced and subtle threats about having our money never returned for speaking up. Old Facebook groups being shut down for people simple fed up of the situation.
Sapphire have informed us the pamm manager – manifest are not authorising withdrawals. Manifest are saying its sapphire problem.
Numerous accounts blown and people still promote this !
To repeat the advice above – stay away.
It’s been 2 and half years since i joined Manifest-FX “Manifest family”.
I’ll share everything in this post to make sure that no one falls in their hands.
Manifest is the biggest scam in this industry they are inviting people to invest their money in the forex bots like princess bot, king bot, flex bot, goose bot and crypto bot in the beginning you will get good results from the bots and that’s why they do that to let people invest more money in manifest and this is what manifest wants so people started to put their savings, house deposits , loans and now people CANNOT withdraw their money.
Plus they have blow up a couple of trading accounts and many of bots now are in deep drawdown.
Manifest works with a broker called sapphire they’re scammers as manifest and according to one the support team of manifest sapphire is holding over 70 MILLION dollars of people money that they can’t withdraw.
Go to trustpilot and read the reviews about Manifest family and Sapphire Markets.
Jimmy got a lot people working under him and they are as bad/scammers as he is they get commission for each client they bring to manifest so the more clients they bring to manifest the more commission they get they don’t care about people if they are old , young , healthy or unhealthy they’ll try their best to suck the money out the people , manifest doesn’t care if you have a criminal Record to work with them so it shows you how bad and scammy they are.
As long as they bring more clients to scam you’re good to work . Here some of the leaders Laura Holmes, Zoe Bardley , Nikki Nash , Dave Scott , Skylar Cowden and many more .
Just to let you know they are still advertising their bots scamming a lot of the people around the world and believe me I’m one of the victims i have invested a large amount of money 2 and half years ago and yet I CANNOT withdraw my money so please DONT INVIST ..
stay away from this company !!! don’t invest a cent !!! i have believed in the good in this man for too long !!! he is a fraud and belongs in jail !!!
week after week sapphire markets ( the broker ) has been telling us for 10 months that they are working on the payout of the crypto software.
the account was launched from april 2022 on a one year investment. deposits were still allowed after the launch. On 26 April Mr.Bennett in tha facebook group
The last doubters were quickly convinced to invest even more money in the software. After the year when it was finally ready to payout, we were suddenly put off for another 3 months because he said it was still possible to invest after the launch.
To cuta long story short, we are still waiting !! we have paid an annual fee for the softwares ( Pro blown – princess drawdown – king drawdown -flex drawdown – goose drawdown switched of no results anymore.
someone has to stop this people. life changing is true !! but for us investors in the negativ way.
Please avoid to invest your money in this company. They only take their profits and management fees and do nothing else in return, just keep promising you big gains in the future which never comes….
We invested money, thankfully not too much if I compere to what other people spent on them, but lost our investment in LCM FX, then Flex account is in constant drawdown and no access to the funds or any estimated time to get anything out.
Crypto account is another big scam, originally promised good returns within a year. Two years after, account is dead no movements with the explanation that they don’t want people to loose their money….haha….. and “surprise, surprise” no possibility to withdraw.
Manifest is blaming Sapphire and Sapphire is blaming Manifest. Sounds like never ending…
Would highly recommend everyone to stay away from this company, better to give your money to a charity at least this might help someone in need.
He also has fake Forbes, Fox News articles made and the crazy part is people believe they are real.
Anyone with a brain is not using his systems. All his mates don’t make millions funny enough.
He once did a giveaway for a gwagon and the person who won it never received it.
Be aware of Manifest Family they are moving to Dubai now under deferent company names so they can get new clients who are not aware of what’s going on in Manifest Family.
Here’s some names of the companies: MOMENTUM LIFE LTD , MOMENTUM JOURNEYS LTD , BUILD IT WITH JB LIMITED , CRYPTO SPACE LTD , MANIFEST VENTURES LTD , MENTOR MEDIA LTD , MANIFEST YOUR BEST LTD , SOUTHGATE HOLDINGS LTD , SIMPLY TAN LTD , SIMPLY SUCCESS ACADEMY LTD .
SIMPLY SUCCESS ACADEMY LTD is already in the Field before Manifest so don’t get scammed by theses people.
Jimmy Bennett and his leaders are trying their best to get more new clients and they claim this to keep Manifest going , guess what they have NOT give their old clients their money hundreds and hundreds of people got their money stuck with them , So please don’t invest your money.
Don’t forget about:
PENSION PARTNERS GROUP LTD (11935286), MILLIONAIRE MARKETERS LTD (11606367), SNAPTRADE LTD (10739639), PROPERTY GROUP INTERNATIONAL LIMITED (09568139), PENSION HOUSE EXCHANGE LTD (10385681), PENSION PARTNERS GROUP LTD (11935286)
Jimmy bruv, should have stuck to burning down youth centers!!
Jimmy belongs in jail and he is just laughing it up and spending every single penny.
I joined Manifest when it originally launched and I quickly realised they didn’t have a clue how to run trading bots.
Fortunately I got my money out within a few months. I tried to warn my friend but they unfortunately kept trusting this guy.
Now they have tens of thousands at the mercy of this horrendous human being, who puts these awful “woe is me” videos out there with “updates” saying he has depression and anxiety!
Nobody cares Jimmy, nobody cares about your narcissistic lies and nobody feels sorry for you. He tries to play this victim when he literally is the cause of thousands of people losing their life savings. Anyways here’s some truths (and a few opinions):
1. Anyone who’s ever questioned him in the groups get banned.
2. They said they hedged one of the softwares at about -90%, they did this for 2 reasons – to keep people’s hopes that the account would recover and they said if people stopped paying their monthly subscription they would not have access to these funds when they “recover” the accounts.
3. After that they created a crypto “PAMM”… Allegedly! I highly doubt this is real due to several contradictions from Jimmy over the years.
4. A few months after the crypto PAMM creation – people were then told they couldn’t withdraw funds for 12 months.
5. 12 months came and they were then told it was 15 months.
6. The major red flag for me was the timing of this 12 months. Jimmy knows this PAMM has never existed (in my opinion), and he then tried to do a massive new intake with a relaunch by bringing in new “top” MLMers… Ali Saleh, George Lee etc… I fully believe the new rebranding was designed to get the subscribers and more investments to try payout the crypto PAMM people.
7. The crypto PAMM has still never been paid out and was used as an advertisement on that relaunch to demonstrate the amazing results it produced each month (it failed to mention it had never paid out).
Oh and the relaunch call was hidden from existing members. Wonder why? If you have a company you’re proud of – you’d want your customers on those calls to help sell it wouldn’t you?
8. The relaunch was a disaster and clearly when a ponzi stops getting enough money coming in… the end users sure find out.
9. Jimmy had a choice with some of new influx of cash… pay it to members or continue to feed his ego and lifestyle… think we know what he chose.
It will all come out in the wash at some point but until then some of my post is based on facts and some opinions. I could have articulated it all better but there’s way too many things to cover.
They’ll be going in my SEC/FCA complaint though with timelines and evidence snippets. I hope he rots in jail for the rest of his life.
I have been with Manifest for close to 3 years. Here is my story and my warning to stay away from this scam.
They do not tell you that once you subscribe, subscription fees will be automatically taken from your credit card.
Even though Manifest would not allow me to withdraw funds, they went ahead and processed a $2799 USD subscription fee on my cancelled credit card.
Warning: banks will flip subscription payments from a cancelled credit card to what they call a ‘replacement card’. Your only recourse is to get Manifest to refund the money.
2 1/2 months later and numerous emails and still no refund. It is being “processed”.
The bank informed me that Manifest had 6 more subscriptions placed on my cancelled credit card so I had to close my account so they couldn’t reach in and take more.
Now Manifest will only refund if I send them the keys to my BTC wallet. This is so they can withdraw even more of my funds.
Check with your bank to see if Manifest has subscriptions pending on your credit card. If they do, do not cancel your credit card, close the account.
Manifest lied to me to get me to renew my subscription last year. I was told that management had approved a 10% Early Withdrawal to assist with payment.
This Early Withdrawal was never processed. When I requested these funds, Dave Calver, emailed me that this Early Withdrawal was never approved.
Dave never identified his job but later I discovered he is an operations manager. No effort was made on his part to rectify this situation so even this manager condones the lying by his staff to get your money.
After endless requests to withdraw funds, Manifest will only allow you to withdraw funds from your ‘non performing’ accounts if you sign a waiver which allows for a 40% loss on your part.
It gets worse. By signing you are also signing a Non-Disclosure Agreement. So they fleece you and then force you into silence about the company and how it scams you.
STAY AWAY!
Just reading the above it’s a common theme with Manifest.. requesting a,refund and them taking weeks and months to get the money back.
it’s a terrible experience for those this happens too. My friend went to her bank and reported her situation as fraud so she got her money from them and then left it up to her bank to sort out. and this was after so many opportunities for Manifest to sort it out.
isn’t it awful that members need to stoop to writing a review to have something belonging to them returned.
I’m aware of others this has happened to and helped about 4 of my connections. I’m mean what real business treats people so disrespectfully.
No have access to their trading accounts anymore, Sapphire markets removed it all and no one can see the money!
Manifest removed everything in peoples accounts in manifest website , they’re scamming peoples money and they are still doing it on deferent websites , deferent names.
You saying Manifest rugged?
Big shower of scammers. I have been waiting and waiting for a withdrawal from ECG Brokers via Manifest. ECG tell me its down to Manifest, they are the problem.
I can see my funds sitting in my MT5 account but can’t move them. extremely annoying and frustrating.
What you can see is numbers on a screen. Whatever you invested has been long since stolen.
Sorry for your loss.
Receiving Chinese whispers that the Sapphire servers are the problem with locked out accounts.
Communication is shockingly bad with the odd letter being circulated stating that data transfers to another server and an ownership takeover has taken time. The fix is always “any day now”.
The latest was everything getting sorted before the end of Sept. If anyone has further info, please update.
Yeh load of nonsense, it’s Manifest. Jimmys been on the scam wagon since he was 16 and there’s a reason he was using sapphire.
The money in your ‘accounts’ don’t exist, they’re fake servers that are rented from manifest. Sapphire isn’t even regulated and is located in the grenadines.
Fca have warned about sapphire. So yes, you have been shafted unfortunately.
There is no money. The new broker Courtis is owned by Jimmy and his team. They just bought the domain name that’s all.
It’s a mirror of sapphire. There is zero information on courtis online.