SpikeUpAds Review: $10 advertising-based Ponzi scheme
There is no information on the SpikeUpAds website indicating who owns or runs the business.
Three “certifications” are provided on the site, suggesting someone has paid a nominal fee to register the company name “The Spike Up Ads Limited” in the UK, Belize and Panama.
Belize and Panama are known tax-havens, with the “Certification of Incorporation of a Private Limited Company” from the UK typically used by admins in India.
Of note is the Panama “certification of incorporation”, which is datestamped 2003. This raised suspicion so I ran the certificate through an error level analysis scan:
As you can see above, the blue box around the “The Spike Up Ads Limited” company name suggests it was copy and pasted onto the original certificate image (which belongs to another company).
Meanwhile the language used on the SpikeUpAds isn’t flat-out terrible but is slightly off:
If we find out you have multiple accounts, all your accounts will be suspended and could be deleted without any refunds whatsoever so don’t do it!
This supports that the owner(s) of the company are not based in a native English-speaking country.
The SpikeUpAds website domain was registered on the 11th of November, however the domain registration details are 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 SpikeUpAds Product Line
Spike Up Ads has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
Bundled with SpikeUpAds affiliate membership ($5) are a series of advertising credits that can be used to display advertising on the SpikeUpAds website.
The SpikeUpAds Compensation Plan
The SpikeUpAds compensation plan sees affiliates sign up and then invest in one of two plans.
Affiliate membership with SpikeUpAds is $5. SpikeUpAds take this fee and use it to pay commissions however the exact amount paid out per affiliate recruited is not disclosed.
SpikeUpAds offer two $10 plans for affiliates to invest in:
- Daily Earner Position – up to 7% ROI daily capped at 150%
- Pure RevShare Position – up to 150% ROI
The only difference I can see is that the first plan offers a daily ROI, whereas the second only advertises an eventual total ROI.
Referral commissions are offered on investments made by recruited affiliates, paid out down seven levels of recruitment:
- level 1 – 7%
- level 2 – 5%
- level 3 – 3%
- level 4 – 2%
- levels 5 to 7 – 1%
Note that 25% of all ROIs paid out must be re-invested back into the company.
Affiliate membership with SpikeUpAds is $7.
Free affiliate membership is offered, however only paid affiliates who have invested at least once can withdraw any commissions paid.
With no retailable products and services and advertised ROIs paid out of newly invested funds, SpikeUpAds fits the definition of a Ponzi scheme.
How can I earn with SpikeUpAds?
SpikeUpAds is a passive income system so all you need to do to earn is buy Ad Positions.
This is further evidenced by the company’s “no refunds” refund policy:
All purchases are NONREFUNDABLE. We share the revenue from your purchase with all members.
As with all Ponzi schemes, once new investment in SpikeUpAds dries up the company will be unable to meet its ROI liability obligations to existing investors.
When that happens the anonymous admins do a runner, taking what’s left of invested funds with them.
I laughed at that too, signed in 2003 by someone who died in 1923.
Don’t really need to check anything else 🙂
I missed that, good catch!
Confirmed 100% fraud:
…I’m gunna go with Indian scammers on this one.