Six Figure Stamp Club Review: Four-tier US & Canada gifting scheme
Six Figure Stamp Club provides no information on their website about who owns or runs the business.
The Six Figure Stamp Club website domain (“sixfigurestampclub.com”) was privately registered on November 9th, 2018.
Six Figure Stamp Club provide a PO Box in Columbus, Ohio as a corporate address on their website.
As always, if an 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.
Six Figure Stamp Club Products
Six Figure Stamp Club has no retailable products or services, with affiliates only able to market Six Figure Stamp Club affiliate membership itself.
The Six Figure Stamp Club Compensation Plan
New Six Figure Stamp Club affiliates gift funds across four tiers to existing affiliates.
These gifting payments in turn qualify them to receiving gifting payments from newly recruited Six Figure Stamp Club affiliates.
Gifting payments across Six Figure Stamp Club’s four tiers are split into two levels.
Participants are provided a list of three addresses they are expected to send funds through in the mail.
Two of the addresses belong to Six Figure Stamp Club affiliates, the third is the admin PO Box in Ohio.
- Red level – gift $80 to qualify to receive $50 from your personally recruited affiliates and $20 from their personally recruited affiliates ($10 admin gifting payment)
- Blue level – gift $190 to qualify to receive $150 from your personally recruited affiliates and $40 from their personally recruited affiliates
- Black level – gift $440 to qualify to receive $300 from your personally recruited affiliates and $100 from their personally recruited affiliates ($40 admin gifting payment)
- Pearl level – gift $1500 to qualify to receive $1000 from your personally recruited affiliates and $500 from their personally recruited affiliates
Joining Six Figure Stamp Club
Six Figure Stamp Club affiliate membership is free.
Participation in the attached gifting scheme however requires a minimum $80 gifting payment.
Full participation in the Six Figure Stamp Club opportunity costs $2210.
Charles Ponzi attempted to legitimatize the Ponzi model using postage stamps.
Didn’t work back in 1919 and doesn’t work in 2019 with Six Figure Stamp Club.
The ruse behind Six Figure Stamp Club’s gifting scheme is sending people stamps in the mail.
These stamps are used to spam addresses, in the hope gullible schmucks will sign up and gift new money into the scheme.
The fundamental core of Six Figure Stamp Club’s business model sees new participants sending money to existing participants.
Whether this is done through the mail or online, it’s still cash gifting. And it’s totally illegal in both the US and Canada.
In fact before the internet, sending people cash through the mail is pretty much how ever cash gifting scheme worked (the model is commonly referred to as sending and receiving “chain letters”).
Over time more and more people are required to gift in to balance those who joined before them. This is basic math.
Once the pool of people gullible enough to fall for cash gifting is exhausted, Six Figure Stamp Club collapses.
We recently saw this with a similar scheme doing the rounds, 30 Day Success Formula.
I recently came across another scheme using the same model (review pending). So it seems, at least for the interim, scammers are going to milk offline gifting for a while.
I suppose at least it’s not cryptocurrency.
As with any scam dependent on recruitment, the group of people in Six Figure Stamp Club who stand to lose money at any given time is the largest.
CAN I GET A REFUND?
We have a strict No Refund policy
Again, no matter what you bundle with your payments: if you’re sending people money in the mail to participate in an online opportunity, you’re participating in an illegal cash gifting scheme.