RewShare Review: $10 “ad pack” Ponzi investment scheme
There is no information on the RewShare website indicating who owns or runs the business.
The Rewshare domain was registered on the 5th of January 2015, however the domain registration is set to private.
Although the RewShare admin doesn’t disclose their identity, they are interacting with potential affiliates on social media.
In various messages over the last few weeks, the RewShare admin writes
This is my first site of this kind. And i`m planning to keep the site online for as long as posible (sic). Actualy (sic) i don`t want to close it and i have no intention in doing that.
i started with shared hosting just to save some money. And i did good, because i chosed (sic) a noobie designer and also a student one. So he worked at the site only in his free time.
it is really against Paypal rules the 3 level referral sistem? (sic) To be honest, i didn`t know that.
Anyway, i`m not planning to keep PayPal. Just for the start. After that i will pull it out.
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 RewShare Product Lin
RewShare has no retailable products or services, with affiliates only able to market affiliate membership with the company itself.
Once signed up, RewShare affiliates are then able to invest in “ad packs” and participate in the RewShare compensation plan.
Bundled with each ad pack investment are a series of advertising credits, which can be used to display advertising on the RewShare website.
The RewShare Compensation Plan
The RewShare compensation plan sees affiliates invest $10 on the promise of an advertised $13 ROI (130%).
No timeframe for the ROI payout is provided.
Referral commissions are paid out on ad pack investments made by recruited affiliates, paying out down three levels of recruitment:
- level 1 – 7%
- level 2 – 2%
- level 3 – 1%
RewShare affiliate membership is free, however affiliates must invest in at least one ad pack in order to earn commissions.
As such the defacto minimum cost of RewShare affiliate membership is $10 (one ad pack).
Under the guise of selling advertising, RewShare operate a straight-forward Ponzi scheme.
Affiliates invest $10 on the expectation of a $13 ROI, paid out of newly invested affiliate funds.
This is clarified in RewShare’s “no refunds” refund policy:
We share the revenue from your purchase with all members, so we cannot afford to offer refunds.
If RewShare were indeed selling advertising, they’d be able to offer refunds on unused credits. Said credits are instead merely smoke and mirrors to mask the transfer of newly invested funds to existing investors.
As with all Ponzi schemes, once new investments dry up RewShare will find itself unable to meet its 130% ROI obligations.
When that happens, kaboom.