My Micro Profits Review: 0.13% hourly ROI Ponzi scheme
My Micro Profits provides no information on its website about who owns or runs the company.
My Micro Profits’ website domain (“mymicroprofits.com”) was privately registered on March 5th, 2020.
On June 17th, a video titled “MyMicroProfits CEO Interview” was uploaded to Know Buddy Crypto’s YouTube channel.
In the video, someone going by “Al” claims to be My Micro Profits’ CEO. Al has a North American accent.
On its website My Micro Profits provides a corporate address in the UK. The address in fact belongs to an eyewear company.
At the time of publication, Alexa ranks Venezuela (15), Russia (10%) and Brazil (9%) as the top three sources of traffic to My Micro Profits’ website.
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 Micro Profits’ Products
My Micro Profits has no retailable products or services, with affiliates only able to market My Micro Profits affiliate membership itself.
My Micro Profits’ Compensation Plan
My Micro Profits affiliates invest cryptocurrency on the promise of an hourly 0.13% ROI.
Cryptocurrencies My Micro Profits accepts includes bitcoin, bitcoin cash, ethereum, litecoin dogecoin and dash.
Referral commissions on invested funds are paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 9%
- level 2 – 7%
- level 3 – 3%
Joining My Micro Profits
My Micro Profits affiliate membership is free.
Full participation in My Micro Profits’ income opportunity requires a cryptocurrency investment.
No minimum amount is specified on My Micro Profits’ website.
Conclusion
My Micro Profits claims to generate external revenue via “transaction processing fees, cloud hosting, cryptocurrency trading and advertising arbitrage”.
No evidence to support this claim is provided. Nor is there any evidence My Micro Profits is using external revenue of any kind to pay returns.
The only verifiable source of revenue entering My Micro Profits is new investment.
We will pay you INSTANT income every 60 minutes on complete autopilot!
Income is paid INSTANTLY to the cryptocurrency of your choice!
Using new investment to pay existing affiliate investors an hourly ROI makes My Micro Profits a Ponzi scheme.
Fully aware they are running a Ponzi scheme, “Al” and the rest of the scammers behind My Micro Profits already have their exit-scam in mind:
In order for our company to able to provide you with this incredible opportunity to make money online, we have made a company wide decision to remain anonymous.
This is to protect both our company’s employee’s as well as keep your deposits protected.
They’re not lying. When My Micro Profits inevitably collapses, “Al” and his fellow scammers will disappear.
At 0.13% an hour, it’ll take just over 32 days to recover what you invested into My Micro Profits.
Anything after that is stolen from someone else. In 64 days My Micro Profits initial investments will have paid out 200%.
From there things spiral out of control towards a Ponzi collapse.
We reserve the right to change the rules, commissions and rates of the program at any time and at our sole discretion without notice.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 19th November 2021 – US authorities have identified the owner of My Micro Profits as Ryan Ginster, a California resident.
Ginster has been arrested and is facing both criminal and civil fraud charges.
All of a sudden my with drawels are up for review… no reason still waiting.
The reason is My Micro Profits is a Ponzi scheme. Sorry for your loss.
Withdrawals are up for manual review. No longer paying.
Its about 2 days followed by my withdrawal request. Still no credit. I lost my money.
I made a withdraw request but its not executed up to now.
To my knowledge, in all transactions, except few exception like payments, there is often someone losing money.
HYIPs are certanly borderline since it’s made for this, but it’s just an edge of a system, like many others.
Despite this assumption, as a suggestion, never ever enter in a “hourly” HYIP. It’s like flush them on a toilet.
Lucky for me I lost just around $100.
I was convinced by their mastery of the English language and quick resolving of support issues that they were legit. I was ready to find another $1000 before the lights started to flicker.
The site is still operational, but support tickets are not answered with retries from Gmail. Very sad! So much for my passive second income!
Scam. Haven’t been paid I withdrew a week ago still pending for review. It’s just a ponzi.
And the website still on means many vulnerable people will invest and loose. Support tickets not answered too.
No reply from customer support….DAMN!
My first three withdrawals on mymicropofit were fine then the bull came on the fourth thank God i only invested 20 dollars.
I am hiring a cyber detective to fish out these guys i believe there is a way to get your moneys back.
Not only di they run mycroprofits there is another company similars to that one. Beware all bad.
MMP Director Bishop Bryan born April 1977 address (Ozedit: removed)
Is that from Companies House? If so that information is all BS.
MMP is death. They’re not paying anyore since more then a month. Since their connected with BitMex, BitMex did put a block on many accounts of suspicion since the BTC pricegrow. So its death.
Thank me later 😉
Your friend Ordeal
KBC has scammed so many of the telegram devs. He came at me with a proposal once asking me to make a HYIP and he promised to get Oracle and all his subscribers in.
He wanted 10k upfront and half of what Oracle would put in. I declined him but I’m sure others have taken this offer.
He even admitted to reverse scamming these telegram devs. Not cool in my book especially since Oracle paid 6k for his dogs surgery.
Mmp is a disaster they’ve moved on to eth plus and nexum now.
Please somebody help me on my micro profits. They disappear and I can’t find them please I invest 500 dollars.
You invested in a Ponzi scheme and so your money is gone. Sorry for your loss.
I wish I Would have check online a more then I did I even ran a transaction through twice and received both of them, thought this was it , but at the end lost 400 dollars.
can I ask 1t thing why is it still running an my account is building up, an I heard that we might be able to get the money if we still have in your account??
Get your money from where? Ponzi schemes are a zero-sum equation.
Your money was stolen the second you invested. What’s in your backoffice doesn’t exist.
Sorry for your loss.