Tripple Effect Review: Reach Society investors start anew?
There is no information on the Tripple Effect website indicating who owns or runs the business.
The Tripple Effect website domain (“trippleeffect.com”) was registered on the 23rd of April 2015, however the domain registration is set to private.
Two image headers appear on the Tripple Effect website. One advertises a matrix-based scheme launched in 2012, the other I’m not 100% sure about:
The first is MegaCashTeam, a matrix-based Ponzi scheme launched in July 2012. It ran out of money and collapsed within a few days.
The second is ClubWealth. Noticeably the banner advertises the “.com” website, which appears to be an unrelated marketing website.
A month after MegaCashTeam collapsed “ClubWealth.co” was launched, leading me to believe the banner might have meant to advertise this domain instead.
ClubWealth.co was a four-tier matrix cycler Ponzi scheme. It ran out of money and collapsed within a week.
Why banners for these schemes are hosted on the Tripple Effect website domain is unclear (again, I’m not 100% sure on ClubWealth but as far as I can tell the “.com” domain was never an MLM opportunity).
An official Tripple Effect Facebook group linked off the company’s website lists four admins, Rick Bewick, Steve Czach, Mila Santiago Cobb and Myjhen Cabanag.
Cabanag launched the Reach Society after The Achieve Community stopped paying investors. Achieve was shutdown by the SEC in February, revealing it to be a $3.8 million dollar Ponzi scheme.
It’s two founders are now facing criminal charges as part of an ongoing Department of Justice investigation.
The Reach Society ran out of investor funds and collapsed shortly after launch.
Cabanag later emailed BehindMLM and demanded we “remove and delete” our Reach Society review. Cabanag claimed
Everything that was said on this report is wrong. This is dafamation of honor.
Further research reveals Rick Bewick, Steve Czach and Mila Santiago Cobb were all Reach Society affiliates.
Although all of this points to Myjhen Cabanag running Tripple Effect, positively identifying the owner remains inconclusive. The 2012 scam banners hosted on the Tripple Effect domain for example, make little sense.
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.
The Tripple Effect Product Line
Tripple Effect has no retailable products or services, with affiliates only able to market affiliate membership with the company itself.
Once signed up, Tripple Effect affiliates can invest in matrix positions. Bundled with each matrix position are a series of advertising credits, which can be used to display advertising on the Tripple Effect website itself.
The Tripple Effect Compensation Plan
The Tripple Effect compensation plan sees affiliates purchase $33 matrix positions, which are then pushed through two matrix cyclers.
Both cyclers require at least three additional positions to be created under them (3×1), with commissions paid out as follows:
- Matrix 1 – pays out $40 once three new positions have been purchased
- Matrix 2 – pays out $120 once three new positions have been purchased
Note that the Tripple Effect compensation plan documentation states that ‘upon completion of both levels, $150.00 can be YOURS‘, suggesting that at some point a $10 admin fee is charged ($40 plus $120 is otherwise $160).
Try as I might, I was unable to find any further information explaining this $10 deficit.
Joining Tripple Effect
Affiliate membership with Tripple Effect is free, however affiliates must invest in at least one matrix position in order to participate in the income opportunity.
As such, the defacto minimum cost of Tripple Effect affiliate membership is $33 (the cost of one matrix position).
At its simplest, Tripple Effect offers investors a $33 in, $150 out Ponzi scheme.
Nothing is marketed to or sold to retail customers, with commissions paid out of subsequently invested funds.
This is further illustrated by way of additional matrix purchases required to “cycle” out existing matrix positions and pay out the advertised $150 ROI.
Having been stung in both Achieve Community and The Reach Society, there’s an air of paranoia present on the Tripple Effect website:
THIS IS NOT AN INVESTMENT OPPORTUNITY, OR PLAN OF ANY KIND.
UNDERSTAND that there is NO ROI because you are NOT investing in anything.
What am I paying for? Is this an investment?
You are paying for ADVERTISING SERVICES, and you are also given your choice of ONE DIGITAL PRODUCT from our Digital Store for each paid purchase. NO, THIS IS NOT AN INVESTMENT OPPORTUNITY!
What is the ROI for this program?
The ROI for this program is ZERO, because you are NOT INVESTING IN ANYTHING
The advertising credits based Ponzi scheme is a well-worn path, one which Tripple Effect’s Facebook admins are well acquainted with.
The reality behind such schemes is that, as long as newly invested funds are being shuffled around to pay off existing investors, whatever is attached to the business model is irrelevant.
Advertising credit purchases don’t pay ROIs, investments do. And logically, if credits were indeed being sold then should a purchaser not use the credits, a refund would be available.
Yet on the Tripple Effect website it’s written in bold red text: “No refunds!!!”
The reason Tripple Effect can’t offer refunds is simple: They use your newly invested funds to pay off existing investors – making it a Ponzi scheme irrespective of the pseudo-compliance nonsense present on the site.
As with all Ponzi schemes, once newly invested funds run out the scheme will collapse.
Anyone with funds still invested in the scheme at that point would do well to ask the Tripple Effect Facebook admins where their money is, as it is likely sitting in their respective bank accounts.
Update 26th May 2015 – Tripple Effect appears to be the sister scam of 6K Goal, another matrix-based opportunity launched around the same time.