Meme Club Review: Meme fad marketing Boris CEO Ponzi
Meme Club provides no credible company ownership or executive information on their website.
Supposedly Meme Club is headed up by CEO “Patrick Meier”.
Meier appeared in a Meme Club marketing video, uploaded to their official YouTube channel on July 26th.
It’s the usual rented office affair, with Meier exhibiting an eastern European accent.
I wasn’t able to pin down a name but can confirm the man playing Meier is a Russian actor.
Last September the actor playing Meier attended a film course graduation ceremony.
The actor playing Meier wasn’t one of the graduation students. He appears to have spoken at the ceremony, which was organized by ANO “Festival Direction” and the St. Petersburg State Institute of Cinematography. I’m not sure which organization the actor was representing.
St. Petersburg is a city in Russia, which tracks with the vast majority of Boris CEO videos being produced from Russia.
In an attempt to appear legitimate, Meme Club provides incorporation details on its website.
Meme Club Limited was incorporated in the UK on May 8th, 2022.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
Meme Club’s website domain (“memeclub.io”), was privately registered on May 17th, 2022.
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.
Meme Club’s Products
Meme Club has no retailable products or services.
Affiliates are only able to market Meme Club affiliate membership itself.
Meme Club’s Compensation Plan
Meme Club affiliates invest funds on the promise of a 200% advertised return:
- Basic – invest $100 to $500 and receive 0.75% a day
- Pro – invest $501 to $5000 and receive 1% a day
- Ultimate – invest $5001 to $50,000 and receive 1.2% a day
- VIP – invest $50,001 or more and receive 1.5% a day
The MLM side of Meme Club pays on recruitment of affiliate investors.
Meme Club Affiliate Ranks
There are eight affiliate ranks within Meme Club’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Rank 1 – sign up as a Meme Club affiliate and invest $100 or more
- Rank 2 – personally invest at least $200 and generate $1000 in downline investment
- Rank 3 – personally invest at least $500 and generate $2500 in downline investment
- Rank 4 – personally invest at least $1000 and generate $10,000 in downline investment
- Rank 5 – personally invest at least $2500 and generate $25,000 in downline investment
- Rank 6 – personally invest at least $7500 and generate $100,000 in downline investment
- Rank 7 – personally invest at least $10,000 and generate $250,000 in downline investment
- Rank 8 – personally invest at least $20,000 and generate $1,000,000 in downline investment
Meme Club pays referral 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.
Meme Club caps payable unilevel team levels at nine.
Referral commissions are paid as a percentage of funds invested across these nine levels based on rank:
- Rank 1 affiliates earn 7% on level 1 (personally recruited affiliates) and 3% on level 2
- Rank 2 affiliates earn 7% on level 1, 3% on level 2 and 2% on level 3
- Rank 3 affiliates earn 7% on level 1, 3% on level 2 and 2% on levels 3 and 4
- Rank 4 affiliates earn 7% on level 1, 3% on level 2, 2% on levels 3 and 4 and 1% on level 5
- Rank 5 affiliates earn 7% on level 1, 3% on level 2, 2% on levels 3 and 4 and 1% on levels 5 and 6
- Rank 6 affiliates earn 7% on level 1, 3% on level 2, 2% on levels 3 and 4, 1% on levels 5 and 6 and 0.5% on level 7
- Rank 7 affiliates earn 7% on level 1, 3% on level 2, 2% on levels 3 and 4, 1% on levels 5 and 6 and 0.5% on levels 7 and 8
- Rank 8 affiliates earn 7% on level 1, 3% on level 2, 2% on levels 3 and 4, 1% on levels 5 and 6, 0.5% on levels 7 and 8 and 2% on level 9
MEME Token Commissions
As part of it’s inevitable exit-scam, Meme Club will launch MEME token.
Affiliates earn commissions on direct MEME token investment, using the same unilevel team referral commissions are paid through (see above):
- Rank 1 and Rank 2 affiliates earn 1% on level 1
- Rank 3 affiliates earn 1.5% on level 1
- Rank 4 affiliates earn 1.5% on level 1 and 0.5% on level 2
- Rank 5 affiliates earn 2% on level 1 and 0.5% on level 2
- Rank 6 affiliates earn 2% on level 1 and 1% on level 2
- Rank 7 affiliates earn 2% on level 1, 1% on level 2 and 0.5% on level 3
- Rank 8 affiliates earn 2% on level 1, 1% on levels 2 and 3 and 0.5% on level 4
Rank Achievement Bonus
Meme Club rewards affiliates for qualifying at Rank 2 and higher with the following one-time Rank Achievement Bonuses:
- qualify at Rank 2 and receive $50
- qualify at Rank 3 and receive $200
- qualify at Rank 4 and receive $500
- qualify at Rank 5 and receive $2000
- qualify at Rank 6 and receive $7500
- qualify at Rank 7 and receive $20,000
- qualify at Rank 8 and receive $50,000
Joining Meme Club
Meme Club affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $100 investment.
Meme Club solicits investment in USD through Perfect Money, as well as various cryptocurrencies.
Meme Club Conclusion
In early 2021 the meme cryptocurrency fad hit its peak.
In a nutshell, scammers combined memes and investment fraud. The use of memes and humor served as a means to get investors to lower their guard.
This wasn’t unique to cryptocurrency. GameStop and other so-called “meme stocks” were also a investment flashpoint.
Riding on the back of these you had an endless wave of scams, seeking to capitalize on easy marks.
Beyond the use of memes, these scams were the same as any other fraudulent investment scheme. Marks handed over their money and scammers cashed out.
Now, well over a year later in some cases, those left in the space refuse to acknowledge they’ve been left holding the bag.
It is this fad that Meme Club has deployed in its marketing.
Again beyond that, Meme Club is your typical Bois CEO Ponzi scheme.
Returns are purportedly generated via “futures trading results & robotised trading software”. Trading bots are the defacto MLM Ponzi ruse.
Notwithstanding Meme Club fails to provide evidence of trading taking place. Or any other source of external revenue being used to pay investor withdrawals.
As it stands the only verifiable source of revenue entering Meme Club is new investment.
Using new investment to pay ROI withdrawals makes Meme Club a Ponzi scheme.
With nothing marketed or sold to retail customers, the MLM side of Meme Club adds an additional pyramid layer to the scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Meme Club of ROI revenue, eventually prompting a collapse.
Meme Club’s exit-scam of choice is the internal shitcoin route.
As we are looking to diversify across the cryptocurrency investment world as much as possible for security and reduce risk.
We will be launching Meme Club across the ETH & BSC space.
If Meme Club even gets that far (Boris CEO Ponzis have a habit of disappearing before internal token promises are met), at some point MEME token will launch.
Investors will eventually see withdrawals only paid in MEME token. This will ultimately leave investors bagholding yet another worthless Ponzi shitcoin when Meme Club inevitably collapses.
Math guarantees the majority of participants in Ponzi schemes lose money.
Update 17th August 2022 – This article originally contained two links to the actor playing “Patrick Meier” attending a graduation ceremony in late 2021.
Shortly after this review was published one of the articles, featured on the Festival Directorate for the Kaliningrad region, was removed from the internet.
The article had been up since last September so this is assumed to be a response to BehindMLM outing Meme Club’s Meier as an actor.
At time of this update the second Cinema39 link to confirmation was still active.
Update 29th August 2022 – Meme Club has flopped so the scammers behind it are gearing up to launch “Meme Wars” next month.
Aug 8th, 2022 MemeWars Launch is close!
Our P2E FPS game is launching very soon, a new website will be up and you will be able to meet our game development team in the next weekly video. Our CTO Mateo will present you the game team.
To that end new actors have been hired. Not sure if the actor playing Patrick Meier is still around but CTO “Mateo” has already been replaced by “Francisco”.
And instead of the usual bland rented office setup, we have RGB hardware, Red Bull and gamer chairs:
I did catch mention of “game tokens” in the MemeWars promo, so it seems this could be the exit-scam launch.
Depending on whether MemeWars turns out to just be new investment plans or full reboot, I’ll either make a quick note of it here or publish a separate article.