My 24 Hour Income Review: 130% ROI adcredit Ponzi fraud
My 24 Hour Income launched a few months ago. Drew Burton and Faheem Rajput appear on the My 24 Hour Income website, however their specific roles within the company are not disclosed.
Drew Burton is based out of Canada and appears to be a serial MLM underbelly inhabitant.
Prior to launching My 24 Hour Income Burton (right) was promoting Click Delivery (130% HYIP Ponzi scheme), Zukul Ad Network (adcredit Ponzi scheme), My Paying Ads (HYIP Ponzi scheme) and Fort Ad Pays (adcredit Ponzi scheme).
Fort Ad Pays collapsed on or around May 27th, 2016. In a Facebook post dated May 23rd, Burton boasted of having 305,760 investment positions within the company ($305,760).
Despite the collapse Burton continued to recruit new victims into the scheme. In a Facebook post dated June 22nd, Burton boasted of having “maxed out” his Fort Ad Pays account with 407,647 investment positions.
According to Burton’s backoffice at the time he had stolen $149,105 from Fort Ad Pays victims. How much of that money he was able to withdraw is unclear (Fort Ad Pays suspended withdrawals in early May).
Burton went on to launch My 24 Hour Income a month later in July.
Faheem Rajput is based out of Pakistan and is currently busy promoting ZF Share, a 135% ROI Ponzi scheme he launched around the time Fort Ad Pays collapsed.
Read on for a full review of the My 24 Hour Income MLM opportunity.
The My 24 Hour Income Product Line
My 24 Hour Income has no retailable products or services, with affiliates only able to market My 24 Hour Income affiliate membership itself.
The My 24 Hour Income Compensation Plan
My 24 Hour Income affiliates invest $5 to $75 in Ad Pack Plans, on the promise of an advertised 110% to 130% ROI.
How much of a ROI is paid out is determined by how much a My 24 Hour Income affiliate invests:
- Ad Pack Plan 1 – invest $5 and receive a 110% ROI
- Ad Pack Plan 2 – invest $15 and receive a 115% ROI
- Ad Pack Plan 3 – invest $35 and receive a 120% ROI
- Ad Pack Plan 4 – invest $75 and receive a 130% ROI
In order to earn up to 3.8% a day, My 24 Hour Income affiliates must view eight company-supplied ads a day.
Referral commissions are available on funds invested by downline affiliates, paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 8%
- levels 2 and 3 – 2%
Joining My 24 Hour Income
My 24 Hour Income affiliate membership is tied to an investment of $5 to $75.
Conclusion
My 24 Hour Income is your typical adcredit Ponzi scheme.
Affiliates invest up to $75 a pop on the promise of an advertised ROI, with that ROI funded by subsequent investment.
Can I get a refund?
No Refunds Are Given.
The moment the payment enters our system, it is no longer your money, and it certainly is our money. It belongs 100% to ALL members because we shared those revenue with EVERYBODY!
In a weak attempt to justify financial fraud, My 24 Hour Income claims their adcredits somehow negate the Ponzi aspect of the scam:
Is my24hourincome considered a scams or Ponzi schemes or an Illegal online business?
NO. Any program that claims a ROI but has NO PRODUCT IS A SCAM! But my24hourincome Advertising Platform
sells ADVERTISING SPACE!
My 24 Hour Income’s advertising credits are neither here nor there. They serve only as pseudo-compliance, with the SEC reaffirming that attaching adcredits to Ponzi schemes doesn’t make them legitimate.
Having participated in multiple Ponzi schemes and ripped off who knows how many victims, Drew Burton is well aware of the nature of My 24 Hour Income.
As with all Ponzi schemes, once recruitment of new affiliates dries up My 24 Hour Income will be unable to meet its ROI obligations.
ROIs are paid daily via affiliate backoffices which, as Burton discovered in Fort Ad Pays, isn’t real money until it’s actually withdrawn.
Reinvestment will compound affiliate losses, with the majority of affiliates not realizing My 24 Hour has collapsed until it’s too late.
Update 31st December 2016 – My 24 Hour Income collapsed in late November. Burton has been stalling for a month and now a mandatory reinvestment relaunch has been announced.
Update 16th April 2017 – My 24 Hour Income has collapsed for good. Drew Burton has imported the entire affiliate-base under his position in The Ads Leader Ponzi scheme.
no mention of the outside revenue?? why not???
when I join a revshare. I understand that there isa dry up time.. But if I loose money I not getting rIPPED OFF.
this seems to be a common them in the reviews. Yes there are many FRAUDS out there but I dont think anyone is saying ttat it can last.
My24 does weekly reveiws showing Bank Account Balances so that is a HUGE DIFFERENCE… so it is a cleaner revshare then many…
And what outside revenue would that be?
Remember to only provide independently verified sources now…
Whether you understand how Ponzi schemes work or not is irrelevant to them being scams.
Ripped off, scammed, you’re only arguing semantics at that point.
How long My 24 Hour Income lasts is irrelevant to it being a Ponzi fraud.
Right. Because hey, some dudes running a Ponzi scheme obviously wouldn’t feed you any bullshit to keep those investment dollars rolling in.
I get that they are making people withdraw their earnings and reinvest rather than compounding inside the system but he is still using new investors money to pay old investors.
I mean where do people think the 10% and referral commissions magically coming from?
He has a lot of support because he is so well known in the ponzi swamp and although, he thinks he’s designed an ingenuous system really its just delaying the inevitable.
When this is finished, so is he.
As Shakespeare might have called it if he were still alive and kicking…
“What’s in a name? That which we call a ponzi by any other name is still a ponzi.” …or something to that effect.
And the gullible still fall for them.
i GUESS the point I am trying to make here is that playing the Revshares is a bit like the Stock Market.. It is GAMBLING…
Therefore… not everyone in the Stock Market are Scammers……
If your not entering the revshare business KNOWING that your RISKING FUNDS that will never come back to you…then you should not be doing it….so that part I agree…
but I just hate to see you/everyone say that the people who do enter these things and earn are SCAMMING OTHERS…. because when I loose money in the STOCK MARKET… I got scammed.
and I could care less if if was a LEGAL LOSS or NOT.. Meaning that just because “gambling: in the stock market is legal….does not make the loss better or worse….
hope that makes some sense…
But who am I …I just have run multi million dollar MLM companies…
Ponzi schemes are financial fraud. They have nothing to do with either the stock market or gambling.
What you do or don’t know when committing a crime is irrelevant to the act of the crime itself.
What you hate or don’t hate is irrelevant.
If you withdraw more than you’ve invested into a Ponzi scheme you’ve scammed people. Period.
And therein lies the truth. You’re a Ponzi scammer and couldn’t care less about the victims you scam.
You should have just lead with that instead of the stock market gambling waffle cliches.
Very interesting. After reading this, I tried to withdraw the money I have in there, $51.
No matter how much I reduced the amount I asked to withdraw, I kept getting a message that I do not have sufficient funds available to withdraw that much.
So you can add that he’s not paying to your other list of problems. What a bastard.
what a bad review. you should look deeper at MY24.
the admin created it to make a change in rev sharing. the guy publicly admits rev shares have gone to shit.
my24 is just a baby wait another month when members get access to the existential income for the system. its already creating 1000s per week and only 2 or 3 people are promoting it as test group.
(Ozedit: Offtopic derail attempts removed)
What does any of that have to with running a Ponzi scheme that uses newly invested funds to pay off existing investors?
My 24 Hour Income is a Ponzi scheme. There is no revenue except affiliate investment.
When that runs out My 24 Hour Income will collapse, the same as all the other “rev shares” before it.
So you’re saying that MY24 has “finally” figured out a way to keep rev shares from collapsing within 2 years with victims’ monies and/or into the hands of the authorities pretty much like the many which have collapsed before?
That is a myth until proven as fact.
Please remove the post I made last night. I see now that I was trying to withdraw to bitcoins when I use Payza to fund my account in the first place. I didn’t realize we had to withdraw in the same currency we paid to come in.
Once I changed my request to Payza, it said that my withdrawal request for the whole amount was successful. so he IS paying, please remove my post that says he isn’t.
If I don’t get this money that I just requested, then I’ll write in again and tell you. thanks.
@Carolyn
This isn’t a personal diary. At the very least if someone else is trying to withdraw before My 24 Hour Income collapses then the information might help them.
The more I read your posts the more I realize why should I even bother to take a chance on Rev Shares.
It is hard to do when the mindset of yes no maybe so keeps popping in and out of your head as well as others trying to recruit you with nothing but good news.
Recruiting for me has been awful and if someone does signup under me they are (and everyone of them) are Dead Beats and fail to make a move. It’s mostly been a total waste of my time.
That’s probably because you’re trying to sell something you don’t believe in. Namely, a financial scam.
It takes a special kind of person to be able to ruin innocent humans. Look at Bernie Madoff – he’s alive and well but his family is in shambles and one son even killed himself. Scamming takes a real absence of empathy.
All so-called “rev share” programs are in fact fraudulent schemes.
If you keep this in mind, it might make things easier, e.g. rather than telling yourself that you’re recruiting a family member or friend … or anyone else … into a so-called “rev share”, accept the reality that you’re recruiting them into a fraudulent scheme.
If you’ve been reading comments here for awhile, you know that there are scumbags who are well aware of this but, could care less as long as they get paid.
Some of them refer to these schemes as a game in which all members are aware of the rules.
Obviously though this isn’t how they market the scheme to others as obviously a truthful description, i.e., an illegal scheme in which you’re likely to lose money doesn’t play as well as “unlimited passive income for life” in the recruiting spiel.
Which means there are likely to be many people … often in desperate or hopeless circumstances … who were misled by someone they mistakenly trusted into joining the scheme.
Either you’re someone who is okay with taking money from people who often can’t afford to lose it and are only in the scheme because they were lied to or you’re not.
Kaboom, My 24 Hour Income has collapsed.
This site is in the coma. He has no money to pay the users. Payza locked the account ( $730,000) for 6 month since 19th of November.
In 24 of November, they were hacked about 800 BTC. Since that moment was over 60 days of maintenance and 90% repurchase rules.
In January they moved the earnings balance into cash balance and after 2 weeks again was maintenance. Since 31th of January, they stopped the bitcoins payments (in fact here is the problem because they moved payza users into bitcoins balance, with $80,000 deficit for every payment day).
drew Dutton My money stole $2000.
Very nice website, you put perfect information about scammers and advertisers. please would you guide how to get back our money from Drew burton which we have invested in my24hourincome.
he belongs to canada and bought new house from my our stolen money and very talktive and clever seeing in all his videos. he cleverly skilled and used his negative skill to snatch money from innocent people.
how we recover money from him. is there any organization who can help us.
@S.A.B
You can try reaching out to Canadian authorities. Don’t like your chances though, you all let this one slide for way too long.