Palm Alliance Management Review: Finance themed Ponzi
Palm Alliance Management fails to provide ownership or executive information on its website.
Palm Alliance Management’s website domain (“palmalliance.com”), was first registered in April 2016. The private registration was last updated on April 19th, 2022, with the current owners taking possession on April 10th.
From the Wayback Machine we can see Palm Alliance Management’s website went live around May 2022.
Despite existing for less than a year, Palm Alliance Management falsely claims on its website it was “founded in 2010”.
As of December 2022, SimilarWeb currently ranks top sources of traffic to Palm Alliance Management’s website as the US (72%), Australia (9%) and Germany (5%).
Indonesia clocked in at 4%, representing an 87% drop in traffic month on month.
The US providing the majority of traffic is suggestive but it’s hard not to ignore the collapse in Indonesia, which came first.
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.
Palm Alliance Management’s Products
Palm Alliance Management has no retailable products or services.
Affiliates are only able to market Palm Alliance Management affiliate membership itself.
Palm Alliance Management’s Compensation Plan
Palm Alliance Management affiliates invest USD equivalents in cryptocurrency on the promise of advertised returns:
- invest $100 or more and receive 0.9% every weekday day for 6 months
- invest $100 or more and receive 0.83% to 0.85% every weekday for 10 months
- invest $10,000 or more and receive 1.12% every weekday for 6 months
- invest $10,000 or more and receive 1.03% to 1.05% every weekday for 10 months
- invest $50,000 or more and receive 1.53% to 1.55% every weekday for 8 months
- invest $50,000 or more and receive 1.63% every weekday for 6 months
- invest $100,000 or more and receive 2.13% to 2.53% every weekday for 8 months
- invest $100,000 or more and receive 2.8% every weekday for 6 months
- invest $300,000 or more and receive 1.13% to 1.15% every weekday for 6 months (daily withdrawal)
- invest $300,000 or more and receive 1.18% every weekday for 6 months
- invest $1,000,000 or more and receive 1.53% to 1.55% every weekday for 6 months (daily withdrawal)
- invest $1,000,000 or more and receive 1.58% every weekday for 6 months
The difference between the 6 month and other plans is funds invested in the 6 month plans are locked up for 6 months. The other plans allow withdrawal of returns paid out.
Palm Alliance Management pays referral commissions on invested cryptocurrency down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 5%
- level 3 – 2.5%
Joining Palm Alliance Management
Palm Alliance Management affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $100 investment.
Palm Alliance Management solicits investment in various cryptocurrencies.
Palm Alliance Management Conclusion
Palm Alliance Management’s website is choc-full of finance jargon, none of which has anything to do with their MLM opportunity.
Palm Alliance Management claims to generate external ROI revenue via “globally diversified investment portfolios”.
No evidence of these portfolios is provided.
Furthermore, Palm Alliance Management’s passive investment opportunity clearly constitutes a securities offering.
Palm Alliance Management fails to provide evidence it has registered with financial regulators in any jursidiction.
Presently the largest amount of website traffic Palm Alliance Management has originates from the US. Securities in the US are registered with the SEC.
We can verify Palm Alliance Management isn’t registered with the SEC by searching their Edgar database.
This means at a minimum, Palm Alliance Management is committing securities fraud.
The only reason MLM companies opt to commit securities fraud is when they aren’t doing what they claim to be.
Registering with financial regulators requires filing of periodic audited financial reports. This is the only way to verify an MLM company offering returns is actually doing what they claim to be with invested funds.
As it stands the only verifiable source of revenue entering Palm Alliance Management is new investment.
Using new investment to pay Palm Alliance Management affiliate withdrawals makes it a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Palm Alliance Management of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.