SweetAdShare Review: $10 adpack Ponzi ROIs
SweetAdShare operate in the advertising MLM niche, with Bernette Forde cited as the owner of the company on its website.
Forde (right) lists her location as Bermuda in her LinkedIn profile, which is presumably where SweetAdShare is being operated from.
Forde runs a website over at “bernetteptc.com”, on which a plethora of HYIP schemes Forde has participated in as an affiliate are listed.
I wasn’t able to link Forde to ownership of any prior opportunities though, suggesting SweetAdShare is likely her first MLM venture as an owner.
Update 17th July 2015 – Bernette Forde has been in touch and informed me that she’s no longer in Bermuda. Forde now claims to be in the UK, from which she is running SweetAdShare.
She has claims to have launched multiple”pay to click” schemes in the past, crediting herself as the owner of Factoryclicks, Clix99 and Leopardclicks. /end update
Read on for a full review of the SweetAdShare MLM business opportunity.
The SweetAdShare Product Line
SweetAdShare has no retailable products or services, with affiliates only able to market SweetAdShare affiliate membership itself.
Once signed up, SweetAdShare affiliates can then invest in $10 “ad pack” positions.
Bundled with each of these positions are a series of advertising credits, which can be used to display advertising on the SweetAdShare website itself.
The SweetAdShare Compensation Plan
The SweetAdShare compensation plan sees affiliates invest in $10 positions, with each investment paying an eventual $13 ROI.
Referral commissions are paid out on investments made by recruited affiliates, paid out down three levels of recruitment (unilevel).
Investments made by level 1 affiliates (personally recruited) pay out 7%, level 2 pays out 2% and level 3 pays 1%.
Note that 20% of all ROIs SweetAdShare pay out must be reinvested back into new ad pack positions.
SweetAdShare affiliate membership is free, however affiliates must invest at least $10 in order to participate in the income opportunity.
As such the defacto minimum cost of SweetAdShare affiliate membership is $10.
With nothing being marketed or sold to retail customers, SweetAdShare offers up yet another advertising credit based investment scheme.
Yet despite this, the a pseudo-compliance disclaimer asserts otherwise:
We are not an investment company site. We share our profits with our members.
All our members benefit from revenue sharing. Sharing cannot be guaranteed if ad packs are not purchased.
All sales are final. Profit sharing is based on actual sales and distributed as we get it.
The “no refunds” policy in particular gives the ruse away, as if indeed adpack advertising credits were being purchased, refunds on unused credits would logically be entirely possible.
SweetAdShare affiliates instead are investing $10 at a time on the expectation of an eventual $13 ROI.
That ROI is paid out of subsequently invested funds, with the flow of funds from new investors to those who have previously invested making SweetAdShare a Ponzi scheme.
As evidenced on her BernettePTC website, Bernette Forde has a history with revenue-sharing sites and from the listing of “scams” on the site, has been taken for a ride more than once.
Given she’s now running SweetAdShare, that makes the following warning she put up on her website all the more ironic:
For those of you who choose to promote scam sites and then are later scammed, then you will know what it feels like to be scammed.
Please stop promoting these sites in order to make money. Your are an accessory in their criminal act.
As with all Ponzi scheme scams, once new affiliate investment dries up SweetAdShare will find itself unable to meet its ad pack ROI obligations.
Given there’s no timeframe for ROIs to be paid out, it’s likely that by the time the kitty has run dry, it’ll be too late for anyone to have seen it coming.
At that point anyone who has invested more than they’ve stolen from subsequent SweetAdShare investors, loses out (and Forde makes off with what’s left).
Hello whoever you are.
I don’t normally respond to unsubstantiated untruths and false assessments of myself. But in this rare case, I will bend my own rule by responding to you. Please bare in mind, this will be my ONLY response to you so you may choose to delete it or re-arrange it to suit your own inaccurate reporting.
You certainly won’t get a job for The Catfish because they would find your journalism style something to be desired. You seem more suited for the National Enquirer in oppose to running your own review site.
You MUST have all your facts in a row or eggs in a basket if you will, BEFORE you label a person. I have a tip for you. BEFORE you print your falsified story or assessments, google the persons name first. You’d be surprise the wealth of information you can come up with.
Now for some real truths. Here are the facts you did not report or even try to find out. If you had done your homework, you would have found this: google.co.uk/#q=bernette+forde
You have obviously searched my name on LinkedIn and you have found the account I signed up for when I WAS living in Bermuda. The linkedin Account your referring to is very old and useless. My linkedin account is here: www. (Ozedit: I didn’t remove the URL here, she didn’t post one)
For you to literally go to a persons account and steal their picture is unfathomable. Why don’t you at least try to interview the admin first and find out their thoughts and plans for the site.
Once the site is officially launched, then you can make an assessment of the site’s function ability or stability. Interview the members opinions and thoughts. Then give your assessment. Now that’s proper reporting. To label me a scammer BEFORE the site is even launched is pure craziness.
Sweetadshare is NOT being operated out of Bermuda. Its registered in London, England where I live. No hidden secrets there. Just go to whois.com and see for yourself. Check my latest book: The Seventh Angel or my PTC manual: Clicking For Pennies.
I am as transparent as they come. I don’t need to hide behind countries or false names as some admins do in anticipation of scamming anyone.
You saying Sweetadshare is my first site is rubbish. I own and operate Factoryclicks.com, Clix99.com and Leopardclicks.com. ALL paying sites. Just ask the members if in doubt.
Now if you label Sweetadshare a scam, then that means all the recent revenue sharing sites popping up are scams. At least I have put into place other means of income for the site to insure its longevity.
(Ozedit: Offtopic derail attempts removed)
In closing, I will email all the members of sweetadshare and show them your review and my response. – Just in case you choose to delete it. – I am an open book and you should have emailed me first to ask questions!
LinkedIn profile is the fourth link on that list, right under the abandoned Facebook profile.
There is nothing else to suggest you are in the UK. And if your social media profile situation is a mess, you only have yourself to blame.
I suggest you familiarize yourself with US copyright law, in particular Fair Use.
Why? Have you misrepresented SweetAdShare’s business model on the website? If so, then why are you misleading the public?
Are you planning on changing the Ponzi business model after SweetAdShare is launched? If not, then you are indeed just another advertising-credits Ponzi scheme admin.
Thanks for the additional information. If they too were revenue-sharing sites then this isn’t your first rodeo, and you know exactly what you’re doing. For shame.
Any opportunity that takes newly invested funds and uses it to pay off existing investors is a fraudulent Ponzi scheme.
My scam radar is smok’n through the roof looking at her sites!
I have to agree that Ozy’s review is right on the money.
I don’t believe the owner of Sweetadshare is a scam. Im a member of his 3 sites namely: factoryclix, clix99 and Leopard clicks. All are paying sites.. Actually she’s paying on time.. I don’t miss any payment..
Neither do I. SweetAdShare itself though…
Getting paid in Ponzi schemes doesn’t negate the fact they are Ponzi schemes.
Ponzi schemes pay out as long as new investor funds enter the system. Whether you personally get paid is neither here nor there.
Your definition of scam is not the legal definition of scam though. And thus, your definition doesn’t count.
good day everybody
The problem about what is ponzi or not, while many natural systems in the world have a pyramid as model, and humans have not invented it, just duplicated it, is an old and useless problem, a waste of time.
Anyway my opinion about SweetAdShare is good, that’s a trusted site with a trusted and appraised Admin. That is my opinion.
So uh what, that’s two affiliate comments now?
Can we confirm that the only people joining SweetAdShare are going to be Ponzi investors who couldn’t care less who they scam?
I mean really…
This scammers excuses aren’t even coherent.
(Ozedit: If you wish to discuss marketing in general do it elsewhere. Offtopic.)
yes, she’s not a scam but a scamster.
is a legally well studied subject and not some unexplained natural phenomenon, and humans are smart enough to detect ponzis. for example, sweetadshare is quite obviously a ponzi.
To conclude, my opinion is : there is no scam here.
Wish SweetAdShare and all the staff good luck. Hope everybody be happy.
Thanks for reading
Your opinion based on nothing is not a conclusion.
Any conclusions to be drawn should be based on SweetAdShare’s business model, which is clearly that of a fraudulent Ponzi investment scheme.
behindmlm, to the best of my knowledge, does not assess an MLM SITE’S ‘function ability or stability’.
behindmlm studies the Compensation Plan of an MLM, and calls out pyramid/ponzi schemes on the basis of the compensation plan.
there is no need to run around interviewing people and get entangled in their thoughts or opinions, to understand a compensation plan.
behindmlm, to the best of my knowledge, Reviews compensation plans and doesn’t merely Report them, so free lessons about ‘proper reporting’ may be a lost cause here.
To ‘Oz” You have let me talk, thank you.
I didn’t want to convince you anyway i’m not your Master.
The thing about facts is you don’t need to convince anyone they are facts.
Best of luck with the scamming.
Trusted by accomplices, no doubt.
>>> K Chang
… no doubt your accusation is serious and no doubt you will need to justify it one day or another.
You should always speak with evidence. Here you are not in a court so your charges are insignificant. But we could review it in a real court, if your accusation
is about me ???
please you need to be more clear. Thank you.
Other than the fact that SAS, and Ms. Forde’s other enterprises, use a PTC, rather than traffic exchange, script, can you explain to us how the business model is substantially different than this:
you’re not going anywhere near a court room. who are you kidding?
From the outside look of the site, it appears all ads are directed to some type of money grabbing scam. I guess it is a mirror reflection of the Admin.
Nope. Facts don’t need to be “defended”. Opinions do.
Do you REALLY want to be audited by fine folks from ActionFraud?