PM RevShares Review: Hourly RevShare Ponzi rebooted?
There is no information on the PM RevShares website indicating who owns or runs the business.
The PM RevShares website does have an “about us” page, however clicking the link to it returns a “404 Page Not Found” error message.
The PM RevShares website domain (“pmrevshares.com”) was registered on the 21st of November 2014, however the domain registration is set to private.
A YouTube video that features on the PM RevShares website was uploaded to a YouTube account named “Lieven VanNeste”:
VanNeste also features on PM RevShares testimonials page, where he gives a glowing appraisal of PM RevShares’ admin:
PMrevshares is based on real Forex Trading and on real Advertising Revenue
This program is run by an Admin that I know to be Trustworthy & Efficient
GRAB A SPOT quickly – cause, you know how it goes, if you can be in as ONE OF THE FIRST
This Program is structured to be able to LAST FOR YEARS
Further research reveals that a few years back VanNeste was heavily involved in Hourly RevShare.
Hourly RevShare launched in November of 2012 and was run by Anelie Steinway. The scheme saw affiliates invest $5 on the expectation of an advertised ROI of up to 195%.
By March of 2013, Hourly RevShare began having payment processor problems. The scheme began delaying payments to investors, with it finally collapsing sometime around May or June of 2013.
Some investors were purportedly refunded, but by and large the majority of investors in Hourly RevShare were abandoned and lost their money.
Investors discussing the collapse suggest that VanNeste himself was behind the scheme, with Steinway serving only as a puppet.
After Hourly RevShare VanNeste then went on to join MyFunLife, a $21 a pop travel-based recruitment scheme. Hourly RevShare affiliates also claim VanNeste joined TelexFree, a $1.8 billion Ponzi shut down by the SEC in 2014.
The inclusion of a YouTube video on the PM RevShares website suggests that at the very least, VanNeste is close to whoever is running the scheme.
At worst VanNeste himself is running PM RevShares, which means the testimonial he wrote praising the admin “he knows” is highly misleading.
Either way it would appear the same people or person(s) who were behind Hourly RevShare are trying their luck again with PM RevShares.
As always, if a 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.
The PM RevShares Product Line
PM RevShares has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
Once affiliates have signed up, they are then able to invest $5 to $10,000 and participate in PM RevShares’ compensation plan.
Bundled with each investment are a series of advertising credits, which can be used to display advertising on the PM RevShares website.
The PM RevShares Compensation Plan
The PM RevShares compensation plan revolves around affiliates investing between $5 and $10,000 on the expectation of advertised ROIs.
How much of a ROI a PM RevShares affiliate can expect to receive depends on how much they invest.
- Silver ($5 to $500) – 1.5% to 5% daily ROI till 130% total ROI has been paid out
- Gold ($500 to $2000) – 3% to 6.5% daily ROI until 155% total ROI has been paid out
- Diamond ($2000 to $10,000) – 5% to 8% daily ROI until 185% total ROI has been paid out
Referral commissions are paid out on all affiliate investments, paying 7% on level 1, 2% on level 2 and 1% on level 3.
Note that PM RevShares affiliates must invest a percentage of the ROI they are paid, with how much must be reinvested determined by how much they initially invested:
- Silver – 10% of ROI paid out must be reinvested
- Gold – 20% of ROI paid out must be reinvested
- Diamond – 30% of ROI paid out must be reinvested
Joining PM RevShares
Affiliate membership with PM RevShares is free, however affiliates must invest between $5 and $10,000 in order to participate in the income opportunity.
As such the defacto minimum PM RevShares affiliate cost is between $5 and $10,000.
Additional investment (and ongoing re-investment) will add to this amount.
Despite the prevalence of investment terms such as “maturity” and “compounding” appearing on their website, PM RevShares insists it has nothing to do with investment.
The first thing you must know is that pmrevshares is not an investment program. It is not a money double neither is it a Hyip.
Harkening back to the Hourly RevShare business model, PM RevShares simply take newly invested funds and use it to pay off existing investors.
Aside from common-sense (the company has no other revenue streams), this is further evidenced in the company’s description of it’s three investment plans:
Silver – Please note that there is a fix 1.50% cap earning per day for this ad purchase plan.
However, when new members join and purchase ad packs daily our daily minimum 1.5% cap earning jumps up to 5% maximum cap earning per day.
Gold – Please note that there is a fix 3% cap earning per day for this ad purchase plan.
However, when new members join and purchase ad packs daily our daily minimum 3% cap earning jumps up to 6.5% maximum cap earning per day.
Diamond – Please note that there is a fix 5% cap earning per day for this ad purchase plan.
However, when new members join and purchase ad packs daily our daily minimum 5% cap earning jumps up to 8% maximum cap earning per day.
Simply put, you’ve got minimum daily ROIs being advertised, with increases in the ROI directly attributable to an increase in new investor funds.
That all but gives the game away, perfectly describing the use of newly invested funds to pay off existing investors.
Or in other words, PM Rev Shares functions as a Ponzi scheme.
Hourly RevShare, as the name suggests, started off by promising fixed hourly ROIs. That fell to pieces when newly invested funds dried up – and the same is true of PM Rev Shares.
Investors will first become aware of a shortage of funds when their advertised minimum daily ROI amounts drop. After that things will continue to deteriorate before Lieven VanNeste and the PM RevShares website disappear into the abyss.
This is exactly how Hourly RevShare played out and we’re likely going to see history repeat itself with this one.