PayToday Review: Sergey Frolov launches 3rd Ponzi in as many weeks
Pay Today provide no information on their website about who owns or runs the business.
The Pay Today website (“paytoday.house”) was registered on November 2nd. Sergey Frolov is listed as the owner, with an address in Saxony, Germany also provided.
Frolov first appeared on BehindMLM last month as the owner of the Ensis Ponzi scheme.
Ensis launched in late October and advertised a 150% daily ROI. A visit to the Ensis website today reveals it has been suspended by its hosting provider.
Frolov also owns Stargate LTD, another recently launched Ponzi scheme.
Frolov provides a corporate address for PayToday in the UK. A bogus UK incorporation number is also provided.
Frolov is believed to be operating from either Germany or Russia.
Read on for a full review of the PayToday MLM opportunity.
PayToday Products
PayToday has no retailable products or services, with affiliates only able to market PayToday afffiliate membership itself.
The PayToday Compensation Plan
PayToday affiliates invest $5 to $250,000 on the promise of a 140% ROI in twelve hours.
Referral commissions are available on funds invested by recruited affiliates, paid down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 2%
- level 3 – 3%
Joining PayToday
PayToday affiliate membership is free, however affiliates must invest at least $5 to participate in the attached income opportunity.
Conclusion
Sergey Frolov, or whoever is using the name as a pseudonym, appears to be a prolific serial scammer.
With at least three Ponzi scams launched in as many weeks, Frolov seems to have adopted a “churn and burn” strategy.
A 140% ROI every twelve hours is 280% daily.
If anyone was able to even remotely generate such a significant ROI legitimately, they’d keep it to themselves and within a year retire as the richest person on the planet.
Frolov instead uses newly invested funds to pay off existing investors, making PayToday a Ponzi scheme.
With such a high daily ROI rate, even the slightest drop in affiliate investment will trigger an immediate collapse.
Or PayToday’s host might step in again and suspend Frolov’s account, who knows.
What we do know is the math behind a Ponzi scheme inevitably results in the majority of investors losing money.
PayToday is not an exception to the rule.
Actually, if they invested $58 (a day’s earnings at US minimum wage), by the end of the month they’d own every single penny of the entire world’s wealth.
Don’tcha love compound interest?
Wasn’t he claiming to be operating from Belize when he ran Ukrcash.com?
Also, doing a Google search on “Sergey Frolov” “lider” brings up scads of other sites this fool has used to try to defraud people with this year alone.
Remember: the world’s best hedge funds, operated by the world’s best analysts, investors, and managers, generate returns of about 20% per year.
PayToday.house claims to make similar returns every ten days. Returns of 140% paid every 10 days mean you can turn a $1000 investment into a million dollars before the end of the year.
How does 58 dollars compounded every 10 days equate to every penny in the world in just 30 days. Unless your saying that people dont use pennies anymore….??