Passive Expert Review: Ad Pack bitcoin Ponzi scheme
Passive Expert’s website cites Lee Merritt as CEO and founder of the company.
Lee Merritt is the CEO and founder of Passive Expert, from the United Kingdom.
He’s spent the last few years as a successful entrepreneur in the crypto space.
This is accompanied by a marketing video, uploaded to Crypto Analyzer’s YouTube channel on March 21st, 2020.
Crypto Analyzer (aka Gary Jeremiah Handley) uses his YouTube channel to promote multiple MLM Ponzi schemes.
Passive Expert’s website domain (“passive.expert”) was privately registered on March 4th, 2020.
Up until six months ago Merritt promoted the Karatbars International Ponzi scheme.
It’s likely Passive Expert was launched to recoup Merritt’s KBC losses.
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.
Passive Expert’s Products
Passive Expert has no retailable products or services, with affiliates only able to market Passive Expert affiliate membership itself.
Passive Expert affiliate membership provides access to ad credits, which can be used to display advertising on Passive Expert’s website.
Passive Expert’s Compensation Plan
Passive Expert affiliates invest $5 in bitcoin on the promise of a maximum 125% ROI, paid out “up to 1%” daily.
Referral commissions on invested funds are paid down two levels of recruitment:
- level 1 (personally recruited affiliates) – 8%
- level 2 – 2%
Joining Passive Expert
Passive Expert affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $5 investment in bitcoin.
Note that Passive Expert’s minimum withdrawal balance is $10.
Passive Expert is a simple ad credit Ponzi scheme.
You sign up, invest and are paid with subsequently invested funds. It’s that simple, and the business model constitutes investment fraud.
In an attempt to justify its Ponzi scheme, Passive Expert offers up the following nonsense:
Is Passive.expert A Scam?
Absolutely not! The company is extremely transparent and prides itself in 100% honesty, transparency and integrity.
Is Passive Expert A Ponzi Or Pyramid Scheme?
No it isn’t, under any circumstances. Passive.Expert offers an optional cashback/rewards promotion only for certain products that qualify up to a maximum 125% of the purchase price.
Any cashback paid comes from genuine company profits.
Ponzi schemes by definition aren’t honest or transparent. Naturally the scammers running them also lack integrity.
Ponzi schemes also don’t generate profits. They recycle newly invested funds to pay existing investors a return.
Calling said returns “optional cashback/rewards promotion” is pointless pseudo-compliance. It won’t fool regulators and it shouldn’t fool you.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve Passive Expert of ROI revenue, eventually prompting a collapse.
What Is Your Refund Policy?
We do not offer any refunds on purchased Ad Packs.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.