RevAdShare Review: $10 180% ROI Ponzi scheme
There is no information on the RevAdShare website indicating who owns or runs the business.
An address in the UK is provided on the company website, however research reveals this address is virtual office space rented out by Regus.
RevAdShare would appear to have a presence in the UK in name only. Where the owner(s) of RevAdShare are operating out of remains a mystery.
The RevAdShare website domain (“revadshare.com”) was registered on the 15th of August 2014, however the domain registration is set to private.
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 RevAdShare Product Line
RevAdShare has no retailable products or services, with affiliates only able to market affiliate membership with the company itself.
The RevAdShare Compensation Plan
The RevAdShare compensation plan sees affiliate invest $10 on the promise of an advertised 180% ROI ($18). Affiliates can pay additional fees to increase this ROI amount up to 250%.
How much it costs to “upgrade” RevAdShare affiliate membership is not disclosed.
Referral commissions are paid out on investments made by recruited affiliates, paying out 5% on personally recruited affiliates (level 1) and 5% on their personal recruits (level 2).
Joining RevAdShare
Affiliate membership with RevAdShare is free (180% ROI), however affiliate can “upgrade” their membership for an undisclosed fee.
The primary difference between free and paid RevAdShare membership is an increase in ROI paid out.
Conclusion
We distribute 100% of our advertising profits back to our Ad purchasing members. You do not have to sponsor anyone to earn. Simply purchase Ad Shares for $10.00 and receive a total $18.00 before it expires.
With no retailable products and services and the shuffling of new investor funds to pay off existing investors, RevAdShare fits the definition of a Ponzi scheme.
Affiliates sign up and invest $10 sums on the promise of a 180% ROI ($18). Newly funds are used to pay off existing investors, with new investors required to source their ROI funds from those who invest after them.
This Ponzi mechanic is further evidenced in RevAdShare’s “no refunds” refund policy:
All purchases are NON-REFUNDABLE. We share the revenue from your purchase(All advertising campaigns, All services) with all members, so we cannot afford to offer refunds.
As with all Ponzi schemes, once the investment of new funds dries up, those with outstanding $10 investments with RevAdShares lose their money.
Or as RevAdShare put it in their FAQ:
If the the (sic) sales drops down the earnings slows down accordingly; as per the TOS this is your responsibility as a member of RevAdShare, we are not liable for any lost monies due to slowing of the influx of new members!
What happens then?
Admin can change / modify RevAdShare rules at anytime, as long as admin deem it fit for the long term benefit and success of RevAdShare.
With RevAdShare unable to meet its Ponzi ROI liabilities, you can be sure the anonymous admin(s) will “change / modify” withdrawal request be eliminating them altogether.
They then do a runner and everyone who invested last is left holding the bag.
The RevAdShare site currently shows only this :
“We discontinued our service due to paypal limitation, everyone will get refunded in maximum 48 hours”
and nothing else on the page.
Gotta love these clowns all using Paypal to launch their matrix cycler scams recently.
How can they even put Paypal on their site ? I don’t know how it works. Paypal doesn’t ask for requirements, or anything like that ?
Basically they attach an account to their scheme. If it takes off Paypal investigate once their fraud filters are triggered and the accounts then get shut down (funds are frozen).
I don’t believe there’s a prerequisite check prior to opening up an account (other than scam admins agreeing to Paypal’s terms and conditions, which they invariably breach as soon as they hook up their scam to the account).
Paypal makes you verify your information and the like after you receive certain amounts of money. It’s because they comply with anti-money laundering laws that none of the pyramid/ponzi crowd wants to/can use them.
Great, thanks for the feedback, guys!
PayPal **hate** get rich schemes… AND MLMs. it’s in their terms of use that they prohibit use for such things.
Clearly these morons setup their PayPal account without checking such restrictions, and someone notified PayPal. Hahahahaha.