MasterWorks Investment Review: Ponzi scammers get creative
Masterworks Investment provides no credible information about who owns or runs the company on its website.
Masterworks Investment’s website does have a “team members” page. Names on the page however are fictitious and represented by stock and/or stolen photos:
The same stock photo used to represent Ewan Charlton (CEO of …), appears on multiple dodgy forex sites:
The reason for this is MasterWorks Investment’s website is running a stock template designed for scams:
The one marketing video on MasterWorks Investment’s website is hosted on a YouTube channel named “Investment crypto”.
Multiple marketing videos for other schemes are on the channel, suggesting it is part of a scam website hosting package:
In an attempt to appear legitimate, MasterWorks Investment provides a doctored SEC certificate:
SEC certificates of incorporation aren’t a thing. This suggests that whoever is running MasterWorks Investment isn’t a native English-speaker, is targeting particularly stupid investors, or both.
This is in line with MasterWorks Investment’s marketing video being a stock footage robo voiceover job.
Accompanying MasterWorks Investment’s fake SEC certificate is an address in New York.
This address belongs to MasterWorks, an unrelated art investment company. It appears MasterWorks Investment are, at least in part, trying to pass themselves off as MasterWorks the actual company.
MasterWorks Investment’s website domain (“masterworks-investment.ltd”), was privately registered on August 10th, 2021.
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.
MasterWorks Investment’s Products
MasterWorks Investment has no retailable products or services.
Affiliates are only able to market MasterWorks Investment affiliate membership itself.
MasterWorks Investment’s Compensation Plan
MasterWorks Investment affiliates invest funds on the promise of advertised returns.
- Bronze – invest $100 to $19,999 and receive 1.5% a day
- Silver – invest $20,000 to $39,999 and receive 2% a day
- Gold – invest $40,000 to $59,999 and receive 2.5% a day
- Diamond – invest $60,000 or more and receive 3.5% a day
There doesn’t appear to be a cap on returns MasterWorks Investment pays out.
MasterWorks Investment’s website suggests investment is solicited in cryptocurrency. No specifics are provided.
The MLM side of MasterWorks Investment pays on funds invested by recruited affiliates.
MasterWorks Investment pays a 10% commission on funds invested by personally recruited affiliates.
MasterWorks Investment pays residual commissions via a monthly bonus.
This bonus is tied to the following three-tier qualification criteria:
- Regional Representative – invest $10,000, recruit at least fifty affiliates, generate $50,000 in total downline investment volume and receive $1500 a month
- Investment Director – invest $20,000, recruit at least ten affiliates, generate $100,000 in total downline investment volume and receive $2500 a month (bonus Rolex watch upon qualifying)
- Investment Ambassador – invest $30,000, recruit at least twenty affiliates, generate $200,000 in total downline investment volume and receive $5000 (bonus “trip to the company’s headquarters and 24hrs free shopping” upon qualifying)
Regional Representative requiring fifty recruits is not a typo on my end. I believe it’s a mistake in MasterWorks Investment’s marketing material and should in fact be five affiliates.
Joining MasterWorks Investment
MasterWorks Investment affiliate membership appears to be free.
Full participation in the attached income opportunity requires a minimum $100 investment.
Maxing out the compensation plan requires $30,000 or more invested.
MasterWorks Investment Conclusion
MasterWorks Investment represents it generates external revenue via … a series of cobbled together copy and pasted paragraphs. It’s not worth getting into.
Pretty much everything on MasterWorks Investments’ website is either template copy or stolen from somewhere else.
All the scammers behind the scheme are doing is running a Ponzi scheme.
The easiest way to verify this is, taking into consideration the supplied fake SEC incorporation certificate, run a search for MasterWorks Investment on the SEC’s Edgar database.
Nothing comes up, because of course it doesn’t.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve MasterWorks Investment of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Gotta love how they misspell “Washington” as “Washingtion” in their certificate… 😀
Starting with the brand “Masterworks”, the whole thing has more red flags than the former Soviet Union
Masterworks Investment should not be confused with the legitimate masterworks.io.??
This should have been disclosed in the article but wasn’t.
From the review:
Herp derp, herp derp a derp.
Hah, nice catch! I didn’t go over the certificate too closely. Immediately recognized it as Ponzi nonsense and moved on 😀