Millionaires Business Club Review: Monthly ROI Ponzi pyramid hybrid
There is no information on the Millionaires Business Club website indicating who owns or runs the business.
The Millionaires Business Club website domain (“millionairesbclub.com”) was first registered on December 8th, 2014. The registration was last updated on January 26th, 2016 and is set to private.
A PO Box address in Dubai is provided on the Millionaires Business Club website.
Various photos depicting men in middle-eastern style clothing are also provided on the Millionaires Business Club website. Some of them show individuals standing infront of the Millionaires Business Club logo.
The photos are not captioned and when they were taken is unclear.
At the time of publication Alex estimate Bangladesh is the largest source of traffic to the Millionaires Business Club website (89%).
This strongly suggests whoever is running Millionaires Business Club is likely based out of Bangladesh itself.
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 Millionaires Business Club Product Line
Millionaires Business Club has no retailable products or services, with affiliates only able to market Millionaires Business Club affiliate membership itself.
The Millionaires Business Club Compensation Plan
The Millionaires Business Club compensation plan sees affiliates invest $30 to $7500 on the promise of a monthly ROI.
Residual commissions on invested funds are paid out via a binary compensation structure.
Millionaires Business Club pay affiliates a monthly ROI based on how much they invest:
- Ad Plan – invest $30 and receive $5 a month
- Silver Trade – invest $90 and receive $15 a month
- Oil Trade – invest $270 and receive $45 a month
- Shipping Trade – invest $810 and receive $135 a month
- Gold Trade – invest $2400 and receive $400 a month
- Forex Trade – invest $7500 and receive $1250 a month
Residual commissions in Millionaires Business Club 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):
The first level of the binary team houses two positions. The second level of the binary team houses four positions.
Subsequent levels of the binary team are generated as required, with each new position housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of new Millionaires Business Club affiliates. There is no restrictions on how deep a binary team can grow.
Each Millionaires Business Club investment package corresponds with a fixed number of binary points:
- Ad Plan ($30) – 20 points
- Silver Trade ($90) – 60 points
- Oil Trade ($270) – 180 points
- Shipping Trade ($810) – 540 points
- Gold Trade ($2400) – 1600 points
- Forex Trade ($7500) – 5000 points
Each day new investment volume on both sides of the binary team is tallied up.
A Millionaires Business Club affiliate is paid on matched points, based on the following specific amounts:
- 20 points matched = $2
- 60 points matched = $6
- 180 points matched = $18
- 540 points matched = $54
- 1600 points matched = $160
- 5000 points matched = $500
Unmatched points are carried over and matched to new volume the following day.
Note that the following daily binary commission limits apply, based on how much a Millionaires Business Club affiliate has invested:
- Ad Plan – $54
- Silver Trade – $160
- Oil Trade and higher – $500
Joining Millionaires Business Club
Millionaires Business Club affiliate membership is free, however affiliates must invest at least $30 to participate in the attached income opportunity.
The more a Millionaires Business Club affiliate invests, the higher their income potential.
It should go without saying that millionaires running a business club are unlikely to do so out of a PO Box.
Millionaires Business Club presents a typical Ponzi business model combined with pyramid recruitment.
Nothing in Millionaires Business Club is marketed to or sold to retail customers, with affiliate investment the only verifiable source of revenue.
The use of this revenue to pay a monthly ROI makes Millionaires Business Club a Ponzi scheme.
The binary component of the compensation plan rewards Millionaires Business Club affiliates to recruit new affiliates, adding a pyramid layer to the scam.
Both components of the compensation plan require a constant stream of new affiliates, without which Millionaires Business Club will collapse.
Identity theft is potentially another issue, with all Millionaires Business Club affiliates required to provide a ‘national ID card or passport number or driving license‘ if they wish to withdraw commissions.
Speaking of which, Millionaires Business Club also charge a 15% fee on all withdrawals.
Great for the anonymous Millionaires Business Club admins, not so great for the majority of affiliates who will invariably lose money.