Your Job Space Review: Ad Minings Ponzi scheme reboot
The Your Job Space website domain (“yourjobspace.com”) was registered on the 12th of December 2013, with a “Steve Martin” listed as the owner of the domain. An address in the US state of Delaware is also provided.
Further research reveals this address belongs to “American Incorporators, LTD”, who advertise virtual office services starting at $150 annually on their website.
As such Your Job Space appears to exist in the US in name only.
As for “Steve Martin”, that this is the name of a well-known comedian was not necessarily a red flag in and of itself.
All sorts of claims are made about Martin in his Your Job Space bio, with several sentences written with atrocious grammar:
Steve began his advertising career in 19 where he was appointed ass a General Manager In the year 20.
Other sentences that appear on the page have simply been copy and pasted from other websites.
One such website is that of Ad Minings:
Ad Minings was an advertising Ponzi scheme launched in mid 2014. It crashed shortly after launch.
Further research reveals AdMinings to be headed up by a “Roger Brandon”, another generic-sounding Anglo-Saxon name.
Advertising spiels for Ad Minings claim that the company is ‘registered in UK, USA, BVI, UAE & SEYCHELLES‘.
To that end a number of identical registration certificates also appear on the Your Job Space website, switching out Seychelles for Anguilla.
Finally a number of video testimonials, purportedly made by various Your Job Space employees, feature on the “CEO Profile” page.
I’ve highlighted one in particular in the above screenshot, with the same actor found to be offering “natural video testimonials” on Fiverr for $5.
This individual is obviously not a “Live Support Agent” of Your Job Space, as represented in the video.
I didn’t bother to look up any of the other videos, but one can safely assume they too feature cheaply paid for actors.
Fake CEO, copy and pasted CEO biography, likely fake company registrations (and if not fake, utterly pointless) and paid actors posing as company staff?
What we’re probably looking at here is a reboot scheme launched by the admin(s) of Ad Minings. My first instinct was that Your Job Space was likely the work of Indian scammers (all the hallmarks are there), but the traffic profile for the site leaves me unsure.
Alexa currently estimates that the top three sources of traffic to the Your Job Space domain are Saudi Arabia (20.6%), Thailand (12.8%) and South Korea (6.2%).
In any event, pretty much all of the information pertaining to the company and its staff on the Your Job Space website is utter nonsense.
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 Your Job Space Product Line
Your Job Space has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
A number of “travel packages” feature on the Your Job Space website, however these have nothing to do with the MLM business opportunity.
The Your Job Space Compensation Plan
The Your Job Space compensation plan sees affiliates invest between $50 and $25,000.
There are nine packages available, with each offering unique advertised ROI payments:
- Package 1 – invest $50 and get paid a $100 ROI after 40 weeks
- Package 2 – invest $100 and get paid a $240 ROI after 40 weeks
- Package 3 – invest $300 and get paid a $840 ROI after 40 weeks
- Package 4 – invest $500 and get paid a $1600 ROI after 40 weeks
- Package 5 – invest $1000 and get paid a $3600 ROI after 40 weeks
- Package 6 – invest $3000 and get paid a $100 ROI after 40 weeks
- Package 7 – invest $5000 and get paid a $16,500 ROI after 30 weeks
- Package 8 – invest $10,000 and get paid a $35,000 ROI after 25 weeks
- Package 9 – invest $25,000 and get paid a $81,250 ROI after 25 weeks
Note that a 10% referral commission is paid out on any investments made by personally recruited affiliates.
Residual commissions in Your Job Space are paid out via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
Filled positions in the binary represented recruited investors, with investment volume tracked on both sides.
At the end of each day investment volume is tallied up, with an affiliate paid 10% of the funds invested on their weaker binary side (the side with less investment volume).
Matched volume on both sides of the binary is then flushed, with leftover volume on the stronger side carrying over.
Daily, binary commissions are capped at $1000.
Note that in order to qualify for binary commissions, a Your Job Space affiliate must personally recruit at least two new affiliates (one placed on either side of the binary).
Joining Your Job Space
Affiliate membership with Your Job Space is free, however affiliates must invest in at least one package to participate in the income opportunity.
As such, the defacto minimum cost of Your Job Space affiliate membership is $50.
Your Job Space has fraud written all over it.
If the website itself and bogus information presented on it wasn’t bad enough, the business model is that of a simple Ponzi scheme.
Affiliates invest sums of up to $25,000 on the promise of advertised ROIs, with ROIs paid out of subsequently invested funds.
The travel packages offered on the Your Job Space website appear to be a joke, and in any event are completely unrelated to the MLM business opportunity.
The binary commissions serve as a recruitment incentive, requiring new affiliates to be recruited and invest before commissions are generated.
As with all Ponzi schemes, once newly invested funds dry up, so too will the ROIs Your Job Space profess to pay out.
A 25 week minimum maturity period means those who do invest are unlikely to see the inevitable collapse coming.
One possible indicator would be the binary commissions, with a slowdown commissions paid out indicating a corresponding slowdown in new affiliate investment.
Ad Minings would appear to be of particular relevance here, seeing as it appears to be run by the same people.
A comment from one Ad Minings investor, left on the company’s Facebook page on the 15th of February 2015, reads:
i registered with adminings.com and along the line the site went off. since then nothing has been heared… my money & earnings are trapped with the silence.
please i need information on how to get my invested money and earnings back.
Radio silence and the admin(s) doing a runner once funds run out. This is what anyone stupid enough to invest in Your Job Space can expect should they take the plunge.