My Gold Rev Review: 450% ROI gold themed Ponzi scheme
My Gold Rev operates in the gold MLM niche.
As per the company’s website, My Gold Rev is headed up by Connor Robert.
There is a big question mark over whether Connor Robert actually exists.
Only Telegram and Whatsapp contact details are provided for Robert.
Robert (right) has no digital footprint outside of My Gold Rev, and photos provided on My Gold Rev’s website appear to be actors.
If you need evidence of this, look no further than Connor Robert’s My Gold Rev office tour.
It seems My Gold Rev had “New York wiseguy” in mind when casting Robert.
My Gold Rev provides three corporate addresses on its website; one in the US, one in the UK and one in Hong Kong.
Given Connor Robert likely doesn’t exist, it’s highly probable that none of these addresses have anything to do with My Gold Rev.
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 Gold Rev’s Products
My Gold Rev has no retailable products or services, with affiliates only able to market My Gold Rev affiliate membership itself.
My Gold Rev’s Compensation Plan
My Gold Rev affiliates invest funds on the promise of advertised returns.
- Package 1 – invest $20 to $10,000 and receive a 260% ROI after 80 days
- Package 2 – invest $10,001 to $50,000 and receive a 365% ROI after 90 days
- Package 3 – invest $50,001 to $100,000 and receive a 450% ROI after 100 days
A 10% referral commission is paid on funds invested by personally recruited affiliates.
My Gold Rev also charges a 10% fee on any withdrawal requests.
My Gold Rev pays 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 there is no limit to how deep a binary team can grow.
At the end of each day My Gold Rev tallies up new investment volume on both sides of the binary team.
Affiliates are paid 10% of matched funds.
Once volume is paid out on it is flushed. Any leftover volume on the stronger binary team side carries over into the following day.
Joining My Gold Rev
My Gold Rev affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $20 investment.
My Gold Rev claims to generate external ROI revenue via gold related activities.
Our vision is long term which is backed up by Gold trading, mining and investing in various funds and activities.
Naturally there’s no evidence of this provided. Furthermore, My Gold Rev’s business model fails the Ponzi logic test.
If the anonymous admins behind My Gold Rev were capable of generating a consistent 450% ROI every 100 days, what do they need your money for?
Even a modest investment compounded at this rate will place them among the richest individuals on the planet in short time.
The reality of My Gold Rev is that it’s a Ponzi scheme.
Affiliates invest, My Gold Rev uses those funds to pay existing affiliates, and when recruitment slows down the scheme collapses.
The math behind Ponzi schemes guarantees that when My Gold Rev collapses, the majority of affiliates will lose money.