My Passive Trades Review: $5 adpack, two-tier cycler Ponzi
A marketing video on My Passive Trades’ website features Darren Bradbury, who claims to be “one of the joint owners of Polaris Universal”.
Darren Bradbury first appeared on BehindMLM as co-owner of the Powerhouse Feeder Ponzi scheme.
Other scams Bradbury has promoted over the years include My 24 Hour Income (collapsed Ponzi scheme), Leased Ad Space (cash gifting), GiftoBit (cash gifting), ZarFund (cash gifting), Stiforp (pyramid scheme) and My Ad Story (Ponzi scheme).
More recently Bradbury has been promoting cryptocurrency scams. oncluding Powerhouse RevShare (Ponzi) and Powerhouse Mining (Ponzi).
Over the past year Bradbury has been trying to get Chatabox off the ground.
We will share 60% of all the profits of chatabox … very simply you just receive ehtereum for on auto pilot.
Chatabox is yet another cryptocurrency token Ponzi scheme.
My Passive Trades website domain uses Chatabox’s website domain name-servers.
On Twitter Bradbury goes by “Darren Riviera” and cites his location as the UK.
According to the “company” section of My Passive Trade’s website, ‘my passive trades is a trading name of Polaris Universal LTD‘.
Polaris Universal LTD was incorporated in the UK on January 25th, 2018.
Ahmed Nabil El Amrani, Lidija Ikasovic, Eldon Conceicao and Darren Bradbury are listed as company officers.
UK incorporation is dirt cheap and for the most part unregulated. It is a favorite jurisdiction for scammers looking to incorporate dodgy companies.
Read on for a full review of the My Passive Trades MLM opportunity.
My Passive Trades Products
My Passive Trades has no retailable products or services, with affiliates only able to market My Passive Trades affiliate membership itself.
Once signed up, My Passive Trades affiliates invest funds to participate in the attached MLM opportunity.
Bundled with each investment are advertising credits, which can be used to display advertising on the My Passive Trades website.
Participation in My Passive Trades’ matrix cycler provides access to a “trading school”.
The My Passive Trades Compensation Plan
My Passive Trades affiliates invest $5 adpacks or more funds on the promise of a passive daily return of up to 1.25%.
Returns are paid out on invested adpacks until 125% of the initial investment is paid out.
Referral commissions on adpack invested funds are paid out down two levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 8%
- level 2 – 3%
Trading School Matrix
My Passive Trades’ Trading School Matrix is a two-tier 3×1 matrix cycler.
A 3×1 matrix has three positions under it to fill, upon which a “cycle” is triggered.
Cycle commissions across My Passive Trades’ two cycler tiers are as follows:
- $99.99 Mentoring tier – $33 recruitment commission and $33 per matrix position filled, recycles into a new $99.99 Mentoring tier matrix upon completion
- $450 VIP tier – $150 recruitment commission and $150 per matrix position filled, recycles into new $450 VIP tier matrix upon completion
Joining My Passive Trades
My Passive Trades affiliate membership is free.
Participation in My Passive Trades’ adcredit investment scheme starts at $5.
Full participation in My Passive Trades two-tier cycler costs $549.99.
Conclusion
My Passive Trades is a continuation of Darren Bradbury’s participation in fraudulent business opportunities.
In a nutshell, you’re looking at simple adcredit and cycler Ponzi schemes.
My Passive Trades’ represents that for their adcredit investment scheme, external revenue is generated through “very sustainable and proven trading activities”.
No evidence of trading revenue being actually used to pay affiliates is provided.
The cycler component of My Passive Trades is similar.
Affiliates invest $99.99 and/or $450. As new and existing My Passive Trades affiliates invest after them, a return is collected.
Both the adcredit and cycler investment schemes require constant recruitment of new My Passive Trades affiliates to pay out.
On the regulatory front My Passive Trades is clearly offering a passive investment opportunity. This is otherwise known as a securities offering.
Darren Bradbury is based out of the UK. At the time of publication Alexa pegs the US as the largest source of traffic to My Passive Trades’ website (16%).
Securities in the UK and US are regulated by the FCA and SEC respectively.
Neither My Passive Trades, Polaris Universal LTD or Darren Bradbury are registered with the FCA or SEC.
This means that even if My Passive Trades was using external revenue to pay returns (they aren’t), the company is still operating illegally.
Note that a basic UK incorporation is not a substitute for registration with securities regulators.
Nor are social media marketing videos of purported trading activity.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve My Passive Trades of return revenue, prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
If you need further evidence of this, take a look at what happened in any of the many scams Bradbury has promoted over the years.
Update 16th March 2020 – As of March 2020, My Passive Trades has ceased paying returns and honoring withdrawal requests.
Update 7th May 2020 – Following a brief EurekaCoin reboot, My Passive Trades has collapsed again.
To be honest , I do not think mypassivetrades its scam. its over 2 years now and it seems they haven’t experienced any issues and i seen lot of people are left satisfied with their service.
I am user of mypassive trades as well the customer service responds well and quickly and their withdrawals are fast too.
Even Darren himself is planning to do a presentation in Dublin of mypassivetrades he doesn’t hide or make excuses like most ponzi scams.
Yawn, Ponzi schemes pay out for as long as dumbasses continue to sign up and lose money.
Also My Passive Trades started in late 2018. Your math is borked.
There is no information anywhere that Darren was involved in other programs apart from this website and webtrafficlounge.
Even if he was promoting the other projects that doesn’t make him a scammer.
Review is comprehensive but a bit biased and conclusions are not backed up by much proof.
There was a papertrail when I researched this review. Bradbury’s had plenty of time to cover his tracks since then.
Doesn’t mean it didn’t exist.
Also WBT isn’t a primary source. Nick Pratt or whatever his name is just rips off our content to push whatever garbage he’s promoting.
People who are serial promoters of scams are scammers. And MPT is a a Ponzi scheme. I don’t think whether Bradbury is a scammer is under question at this point.
All the proof you need is in My Passive Trade’s business model. Feel free to explain how using newly invested funds to pay existing investors isn’t a Ponzi scheme.
There is. Just a very brief look for his name led me to something not mentioned in this review, yet another one of those bog-standard we’re-going-to-be-bigger-than-bitcoin, get-in-early ERC-20 shitcoins, called Eureka Coin.
They claimed to be only using ERC-20 as a temporary thing while they were developing their own blockchain – much better than the Bitcoin and Ethereum ones, of course.
There’s also some guff about building a mining farm in Croatia. (There is also another supposed cryptocurrency called Polaris associated with this somehow, but I cannot be bothered to try and find out whether that’s the same thing as this Eureka Coin or not.) eurekacoin.io has Bradbury as “Founder and Head Of Marketing”.
Looking for a bit more on this Eureka Coin in connection with his name in turn led me to this page among others, from somebody who also peddles Skyway, Cloud Horizon and Cloud Token:
finance.2freedom.eu/index.php/opportunities/powerhouse-network/
It explains that Polaris Universal, Powerhouse Network and Eureka Coin are just two of the many names Bradbury has used for his schemes over the years, and adds:
There’s also a link to Bradbury’s personal Facebook page (facebook.com/profile.php?id=100010394567314), which has been deleted.
Promotional material for Eureka Coin also links back directly to My Passive Trades, which in turns links directly to Chatabox, which also has its own ERC-20 shitcoin called CBT Token. So he’s been at it under a variety of “company” names since at least 2016.
Darren Bradbury and the crooks at My Passive Trades are using the COVID-19 pandemic as the excuse to stop withdrawls:
Isn’t it hilarious how these scammers like to crow about how their “traders” can make money whether markets are going up or down until they decide the party is over?
SD
Thanks for the heads up!
Unfortunately when we are in challenging time’s we become more exposed to scams like this.
My question to the promoter’s is “does your opportunity meet all the regulation required in our country as I’m sure your aware to promote or run a Ponzi scheme is illegal and carries heavy penalties”.
Looks like Darren is playing games again with those unlucky sheep still stuck Eureka Blockchain.
So his Dev stole all the REAL crypto and left the shitcoin ERK.
What gets me is that over a million stolen and he didn’t report it to the FCA? Now he is rebuilding a decent storage platform? What a story!
He hasn’t shown his face on TG sayin he lost his phone let alone reveal any details of the plan and the “million dollar deal” with some Australian company while regulators approve.
What a dog.