Recompense Review: Terrance Gibson’s recovery scam
Recompense identifies Terrance D. Gibson Sr. as owner of the company on its website.
Gibson Sr., a resident of Georgia in the US, is cited as a pastor, author and entrepreneur.
What isn’t disclosed is Gibson Sr. is also a serial promoter of crypto Ponzi schemes:
MLM opportunities promoted by Gibson Sr. (right) include:
- BitConnect (Ponzi)
- Bitqyck (Ponzi)
- HextraCoin (Ponzi)
- RegalCoin (Ponzi)
- Copy Profit Success Global (pyramid scheme)
- Kinetic Union (Ponzi)
- IXQTV (pyramid scheme)
- Cloud Token (Ponzi)
- Tryp (securities fraud)
- Tradera (pyramid scheme)
- Identity USA
- 7K Metals (pyramid scheme)
- Manifest FX (securities fraud)
- Healthy NU Living
- Intelligence Prime Capital
- Zeus’ Bounty (pyramid scheme)
- FastBNB (Ponzi)
- TronByte (Ponzi)
- Pro Trade Club
- COTP (Ponzi)
- StableBNB (Ponzi)
- Metafi Yielders (Ponzi)
- Swapnex (Ponzi)
- Fundsz (Ponzi)
- Pegasus (Ponzi)
- HyperOne (Ponzi)
- BNBSeed (Ponzi)
- Repowe (Ponzi)
- BNB Robot (Ponzi)
- Digital Ad Pro (Ponzi)
Recompense’s website domain (myrecompense.com”), was privately registered on May 27th, 2022.
Gibson Sr. began promoting Recompense on or around July 4th.
Read on for a full review of Recompense’s MLM opportunity.
Recompense has no retailable products or services.
Affiliates are only able to market Recompense affiliate membership itself.
Recompense’s Compensation Plan
Recompense affiliates purchase $65 binance USD (BUSD) positions in a five tier matrix cycler.
Recompense uses 2×2 matrices in their cycler.
A 2×2 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these two positions into another two positions each (4 positions).
This results in a total of six positions to be filled in each matrix.
Positions in the matrix are filled via $65 BUSD cycler position purchases by directly and indirectly recruited affiliates.
As positions in each matrix are filled, commissions are paid out. When all positions are filled a “cycle” is triggered.
Cycler commission payments across all five Recompense cycler tiers are as follows:
- Tier 1 (first cycle, positions cost $65 BUSD) – $50 commission and generates new Tier 1 and Tier 2 cycler positions
- Tier 1 (subsequent cycles) – $150 commission and generates a new Tier 1 position
- Tier 2 (first cycle) – $100 commission and generates new Tier 2 and Tier 3 positions
- Tier 2 (subsequent cycles) – $300 commission and generates a new Tier 2 position
- Tier 3 (first cycle) – $200 commission and generates new Tier 3 and Tier 4 positions
- Tier 3 (subsequent cycles) – $600 commission and generates a new Tier 3 position
- Tier 4 (first cycle) – $400 commission and generates new Tier 4 and Tier 5 positions
- Tier 4 (subsequent cycles) – $1200 commission and generates a new Tier 4 position
- Tier 5 (all cycles) – $2400 commission and generates a new Tier 5 position
First cycles are the first cycle (all matrix positions filled) on any tier. Subsequent cycles are all cycles after the first.
Recompense affiliates earn $10 BUSD per affiliate who purchases a $65 BUSD cycler position
Recompense affiliate membership is tied to a $65 BUSD cycler position.
Terrance Gibson Sr. began promoting Ponzi schemes four years ago. The amount of Ponzi schemes Gibson promoted increased dramatically this year, leading up to the May 2022 crypto market dump.
It’s not a coincidence Gibson Sr. launched Recompense just a few weeks after the dump. It took him four years to realize the money isn’t promoting Ponzi schemes, it’s in running them.
Our system is here to help people recompense.
What does recompense mean? It means “compensation or reward given for loss or harm suffered or effort made.”
Gibson Sr. thinks he’s entitled to “compensation” for recruiting people into Ponzi schemes. And so we have Recompense, Gibson Sr.’s personal recovery scam.
Matrix cyclers are nothing new. Like all Ponzi schemes, they primarily benefit those who run them and early investors.
In a matrix cycler this takes place by way of preloaded admin positions. Together with early investor positions, these cycle first into the upper tiers of the cycler.
It is here where the majority of $65 BUSD payments are funnelled up to. Repeat cycles across lower tiers also plays a factor.
Gibson Sr. also takes a $5 BUSD cut of every $65 BUSD paid in.
Like the many collapsed Ponzi schemes Gibson Sr. has promoted, things fall apart when recruitment inevitably dies down.
In a matrix cycler this manifests itself by way of matrices beginning to stall. Once enough matrices have stalled, an irreversible collapse is triggered.
Math guarantees the majority of participants in Ponzi schemes are guaranteed to lose money.