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).