My Ad Magnet Review: $1 AdPack Ponzi scheme
My Ad Magnet provides no information on its website about who owns or runs the business.
My Ad Magnet’s website domain (“myadmagnet.com”) was privately registered on October 6th, 2019.
Of note is the domain registrar used by My Ad Magnet’s owner being based out of Malaysia.
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.
My Ad Magnet’s Products
My Ad Magnet has no retailable products or services, with affiliates only able to market My Ad Magnet affiliate membership itself.
My Ad Magnet affiliate’s invest in $1 AdPacks.
Each AdPack contains advertising credits, which can be used to display advertising on my Ad Magnet’s website.
My Ad Magnet’s Compensation Plan
My Ad Magnet affiliates invest in $1 AdPacks. My Ad Magnet represents each $1 investment will be paid a $1.50 ROI (150%) within 30 days.
Note that 30% of returns My Ad Magnet pays out must be reinvested.
Referral commissions on invested funds are paid down two levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 8%
- level 2 – 2%
A 5% commission is also paid on returns paid to personally recruited affiliates (level 1).
Joining My Ad Magnet
My Ad Magnet affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $1 investment.
My Ad Magnet is a classic adcredit Ponzi scheme.
You buy 1 AdPack (advertising package) for $1, within 30 days you will receive accruals of $0.05 per day. That will total in $1.50 (150%).
As per the above copy, taken from My Ad Magnet’s website, affiliates invest $1 on the promise of a $1.50 ROI.
That ROI is paid out of subsequently invested funds, creating a closed-loop Ponzi scheme.
Rather than acknowledge that, My Ad Magnet instead serves up this baloney:
We have developed a software algorithm that will delight our members for many years!
We cannot describe the process in more detail, since we have many competitors, but we guarantee you that we will survive all competitors!
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve My Ad Magnet of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.