MGlobally Review: Web design, Ponzi ROIs & recruitment
There is no information on the MGlobally website indicating who owns or runs the business.
The MGlobally website domain (“mglobally.com”) was registered on the 6th of May 2015, however the domain registration is set to private.
Two “legal documents” are provided on the MGlobally website, purportedly evidence of corporate registration of “MGlobally Solutions LTD” in both Belize and the United Kingdom.
Alexa currently estimate around 67% of all traffic to the MGlobally website originates out of India.
This matches up with the UK company registration which, coupled with anonymous ownership details, is a calling card of less than credible Indian-based admins.
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 MGlobally Product Line
MGlobally has no retailable products or services, with affiliates only able to market MGlobally affiliate membership itself.
Once signed up, MGlobally affiliates can then purchase web design packages.
Purchase of a package enables an MGlobally affiliate to participate in the MLM income opportunity.
The MGlobally Compensation Plan
The MGlobally compensation plan sees affiliates invest funds, earn a ROI paid out of subsequently invested funds and get paid to recruit affiliates who also invest.
Provided an MGlobally affiliate publishes marketing spam for the company daily on social media, a daily ROI is paid out for up to 300 days.
- free affiliates – 10 cent ROI for 300 days ($30)
- $49 investment – 20 cent ROI for 300 days ($60)
- $99 investment – 50 cent ROI for 300 days ($150)
- $499 investment – $2.50 ROI for 300 days ($750)
- $999 investment – $6 ROI for 300 days ($1800)
- $2999 investment – $21 ROI for 300 days ($6300)
- $4999 investment – $40 ROI for 300 days ($12,000)
For each investment made by a personally recruited affiliate, MGlobally pay out the referring affiliate a 5% commission.
Residual commissions in MGlobally are paid out via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
Positions in the binary are filled via the recruitment of affiliates, with new positions created by splitting previous level positions into another two positions each.
Commissions are paid out daily as a percentage of funds invested by affiliates in a binary team.
At the end of each day, invested funds are matched on both sides of the binary, with a 10% commission paid out on matched funds.
Funds not matched carry over the following day, with matched funds flushed.
Note that daily binary earnings are capped according to how much an MGlobally affiliate has invested:
- $49 to 4499 = $1000 a day
- $999 or more = $1500 a day
Affiliate membership with MGlobally is free, however affiliates must invest between $49 to $4999 in order to participate in the MGlobally income opportunity.
Free affiliates cannot participate in the MLM side of the business.
UK company registration, a majority of traffic from India, binary backend with a Ponzi frontend… MGlobally has all the hallmarks of an Indian-based scam.
There’s nothing here we haven’t seen before, with the ruse being the offering of web design packages.
Kind of humorous when you consider MGlobally outsourced their own web design to Piyush Pandya, a freelance designer based out of Bangalore, India.
Also humorous are the Fiverr style testimonials on the MGlobally website and YouTube channel, from actors who have obviously never heard of the company (pay close attention and you can actually see some reading off scripts).
My guess is Pandya or another freelancer came up with the web designs offered by MGlobally on the cheap, with the admin focused only on the income side of the opportunity.
MGlobally affiliates invest funds on the expectation of a ROI paid out over 300 days. On top of that they collect direct referral commissions and residuals through a binary.
The required social media spam MGlobally affiliates must create to qualify for ROIs does not directly generate any revenue.
Thus Affiliate investment is the only recorded source of income, with MGlobally using newly invested funds to pay off existing investors.
This makes it a Ponzi scheme.
As with all such schemes, once newly invested funds dry out MGlobally will find itself unable to meet its Ponzi liabilities.
With the three-hundred day timeframe, there’s a good chance that’s already happened.
The MGlobally admin doesn’t pay out cash though, instead opting to “pay out” affiliates with “reward points”.
These points are worthless and are mere representations of MGlobally affiliate earnings.
When invested funds run out (likely drained through the binary by the admin himself), affiliate requests to convert reward points into cash withdrawals will be denied.
At that point the MGlobally admin does a runner, with math guaranteeing the majority of investors lose out.
The information here is very old and wrong, Three type of compensation are there, Direct referral commission is of 12% and binary of 10% and everyday fixed income for sharing post on facebook, earnings through social sharing is up to 300%.
Still using newly invested funds to pay off existing investors though? That was pretty much all that mattered.
Thank You for your hard work and the warning(s)…
Seems this scam is still going on… just got an invitation to join 😀
Just by viewing their website I could see it was a scam… and got it confirmed by reading this review.