Modern Money Team provide no information on their website about who owns or runs the business.

The Modern Money Team website domain (“modernmoneyteam.com”) was privately registered on May 25th, 2017.

Further research reveals Modern Money Team affiliates naming Dan Putnam as CEO of the company:

Why this information isn’t provided on the Modern Money Team website is unclear.

Dan Putnam first appeared on BehindMLM’s radar back in 2012, as owner of EPX Body.

In 2014 Putnam launched One80.

Whereas EPX Body was a legitimate MLM opportunity with a retailable product, One80 marked Putnam’s transition towards online marketing tools.

One80 flopped and a year later was followed up by Let Us Close, a short-lived recruitment scheme tied to an “advanced marketing system”.

A few months after launch Let Us Close was hitched to The Elite Networker, another monthly-fee based recruitment scheme.

The Elite Networker also flopped and was abandoned shortly after launch.

In mid 2016 Putnam returned with a reboot of One80, this time branded as an adcredit Ponzi scheme.

Alexa traffic estimates show some activity in January, 2017, followed by a sharp decline in interest.

The One80 reboot flopping has likely prompted Putnam to launch Modern Money Team.

Read on for a full review of the Modern Money Team MLM opportunity.

Modern Money Team Products

Modern Money Team doesn’t advertise any retail products or services on their website.

The company’s compensation plan however does include a “customer” class that is unable to earn commissions.

A marketing video on the Modern Money Team website suggests the company will offer investment in a mining pool and profits from cryptocurrency trading.

When you join Modern Money Team, you’ll begin learning all the ins and outs of trading and mining cryptocurrency.

The marketing video focuses on paying $20 and then “finding two” who do the same.

The video makes no mention of retail customers or a retail product or service offered.

The Modern Money Team Compensation Plan

Modern Money Team affiliates sign up and invest $50 to $3000 or more on the expectation they’ll earn a passive ROI over time.

A $3000 investment is referred as renting a “mining machine” . A $50 or $300 investment is a “share” of the same mining machines.

$3000 investment in a mining machine pays an an affiliate 75% of the value of the machine’s mining operations for the life of the machine.

A $50 or $300 investment is 1% or 10% of generated mining revenue respectively (1% or 7.5%).

Modern Money Team Affiliate Ranks

There are six affiliate ranks within the Modern Money Team compensation plan.

Along with their respective qualification criteria they are as follows:

  • Promoter – invest in a mining machine or share and convince at least one retail customer or personally recruited affiliate to do so the same
  • Qualified Promoter – maintain a mining machine or share investment and convince at least two retail customer and/or personally recruited affiliates to do so the same (one placed on either side of the binary team)
  • Manager – maintain a mining machine or share investment and generate at least $1000 in weaker binary side volume a week
  • Regional Manager – maintain a mining machine or share investment and generate at least $2500 in weaker binary side volume a week
  • Vice President – maintain a mining machine or share investment and generate at least $5000 in weaker binary side volume a week
  • Global Vice President – maintain a mining machine or share investment and generate at least $7500 in weaker binary side volume a week

There’s no mention of it in the Modern Money Team compensation plan, but I believe all affiliates and retail customers must pay $20 a month keep their mining machine and/or share investments “active”.

Direct Commissions

Direct commissions are paid out on mining machine and share purchases by retail customers and recruited affiliates.

  • a $3000 mining machine investment generates a $200 commission
  • a $300 share investment generates a $20 commission
  • a $50 share investment generates a $3.33 commission (assumed, not clarified in the Modern Money Team compensation plan)

Residual Commissions

Modern Money Team pay residual commissions 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 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 that there is no limit to how deep a binary team can grow.

Monthly fees, new mining machine and share investment generates volume on both sides of the binary team:

  • $20 monthly fee payments by retail customers and affiliates generates $20
  • a $3000 mining machine investment generates $100
  • a $300 share investment generates $10
  • a $50 share investment generates $1.66 (assumed, not clarified in the Modern Money Team compensation plan)
  • 10% of generated mining revenue is put towards binary volume

At the end of each week Modern Money Team tally up new volume on both sides of the binary team.

An affiliate is paid up to 20% of volume generated on their weaker binary side.

Note that a Modern Money Team affiliate must qualify as a Qualified Promoter or higher to receive residual commissions.

Matching Bonus

Modern Money Team affiliates receive a 50% match on residual commissions paid to personally recruited affiliates.

Generational Bonus

Modern Money Team affiliates can earn a Generational Bonus on up to five generations of affiliates, paid out 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.

A generation within the Modern Money Team compensation plan is defined when a Manager or higher ranked affiliate is found in a unilevel leg.

This Manager affiliate caps off the first generation of that leg. The second generation begins immediately after, extending down to the next Manager or higher ranked affiliate found.

If no appropriately ranked affiliate is found, the second generation of the unilevel leg extends down the full length of the leg.

If an appropriately ranked affiliate is found, the second generation end and the third begins.

Using this generational model, Manager and higher ranked Modern Money Team affiliates can earn the Generational Bonus on up to five generations per individual unilevel leg.

  • Manager ranked affiliates earn a 10% Generational Bonus on up to two generations per unilevel leg
  • Regional Manager affiliates earn a 10% Generational Bonus on up to three generations per unilevel leg
  • Vice President affiliates earn a 10% Generational Bonus on up to four generations per unilevel leg
  • Global Vice President affiliates earn a 10% Generational Bonus on up to five generations per unilevel leg

Joining Modern Money Team

Modern Money Team affiliate membership is currently free.

To qualify for commissions however an affiliate must invest a minimum of $300 or $3000 in a share or mining machine rental respectively.

Although not clarified based on the information currently available, it is believed a $20 a month fee must also be paid to keep an affiliate’s investment “active”.

Conclusion

Modern Money Team’s business model combines affiliate recruitment with cryptocurrency mining pool investment.

Our Members will have the opportunity to purchase – on a first come first serve basis – one of our High Performance GPU Mining Machines. These specialized machines are highly efficient and average 150-180 MH/s.

They will start at $3,000 USD per machine; the cost will vary based on the market price of the GPU cards.

As another option, MMT Members will also be able to rent as little as 10% of one of our GPU mining machines for $300.

Retail is possible but unlikely, given the lack of information provided and no evidence of mining actually taking place.

On top of that, Modern Money Team are also clearly offering a security to both affiliates and retail customers.

This unique opportunity will allow you to make a passive income in the very profitable crypto mining business. With no special skill set or experience.

Through crowdfunding we’ll be able to create a very large and profitable operation in a very short period of time.

The footer of the Modern Money Team affiliate website signup page suggests the company is based out of Utah in the US.

Offering a security to US residents requires registration with the SEC.

A search of the SEC’s Edgar database however fails to turn up anything for “modern money team” or any derivative.

This means Dan Putnam and Modern Money Team are offering unregistered securities, in violation of the US’ Securities and Exchange Act.

As is typical of crypto mining MLM opportunities, it’s likely that the vast majority of investment will be sourced from affiliates.

The “education” bundled with $20 monthly payments isn’t justified (a monthly subscription for one-off content?), serving only as a way to recapture some of the funds paid out.

What you’re left with is a closed-loop system of affiliates paying a monthly fee and investing. This creates pyramid recruitment issues and, without appropriate mining revenue disclosure, paves the way for Ponzi fraud.

Appropriate mining revenue disclosure would link every dollar paid out to affiliates with genuine mining activity taking place.

Modern Money Team are painfully aware this is the case, with the marketing video on the company website advising;

If the company doesn’t say who’s behind it, beware.

If the company says that it’s pooling your money to trade but doesn’t show any trades, beware.

In fact if it’s pooling money to bet on sports but never shows you the bets, beware.

Well over 90% of the opportunities out there right now are scams.

So uh, there you have it.

If Modern Money Team says it’s pooling your money on crypto mining operations but doesn’t show accounting linking ROI payments to legitimate mining operations, beware.