Penny auctions have been around since 2005 but it was only last year that Zeek Rewards burst onto the scene combing the auction model with a MLM compensation plan.

Operating largely as an investment scheme, the company allows members to invest money via the “purchase” of VIP bids, give the bids back to the company and then earn a daily return on their investment.

Additionally Zeek Rewards remains tight-lipped about how much of its investment returns are paid out using money invested by members and how much comes from Zeekler, the company’s penny auction front.

Zeek Rewards CEO Paul Burks cites the reason for this secrecy being that such information is “proprietary”.

Looking to give Zeek Rewards a run for their money in the penny auction MLM niche comes Bidify.

So, how proprietary is Zeek Rewards’ business model and the obvious question? How does Bidify compare?

Read on for a full review of the Bidify MLM business opportunity. [Continue reading…]

My biggest criticism of the travel niche when it comes to MLM business opportunities is that 99.9% of the time membership to the company is being marketed rather than any actual travel.

Commissions are typically paid out when someone joins the company with only the company itself making any commission if travel is booked once a member joins.

With 100% of the commissions payable coming from membership fees, this casts a big question on the legality of most travel niche MLMs.

Attempting to deliver a true retail product in the MLM travel niche comes My Travel and Cash. Read on for a full review. [Continue reading…]

One would think when deciding whether or not to join a company, specifically if said company is a business opportunity, that those considering would be out there digesting every last bit of information they can find.

That way when the time comes they know that they’re making as informed decision as possible.

Yet it still amazes me at the amount of people who join MLM opportunities without appearing to put even the slightest hint of research into their decision.

Especially when the company in question is so blatantly fraudulent.

Read on for a full review of the UniVideo2U MLM opportunity. [Continue reading…]

Cash Share Kingdom was a Ponzi scheme that launched in late 2010 and went bust shortly thereafter.

Having lay low since then, it appears the owner(s) of Cash Share Kingdom are back with another scheme, this time promising a 200% return in just 50 days.

Read on for a full review of the Profit Doubler business opportunity. [Continue reading…]

BioCell collagen is a nutraceutical ingredient freely available from BioCell Technology.

Combining BioCell collagen with some other ingredients to make a juice, bottling it and attaching a MLM compensation plan is Jusuru.

Read on for a full review of the Jusuru business opportunity. [Continue reading…]

The fundamental problem with recruitment driven matrix scams is that once the new recruits dry up, the commissions stop and the entire business comes grinding to a halt.

Matrices stop filling with new members, existing members stop cycling out and before you know it the owners have abandoned ship and domain names are simply left to expire.

Some admins only ever attempt one recruitment driven scam. Most don’t ever really take off and no doubt the experience leaves most deciding that it’s simply not worth the trouble and liability.

Others seem to just hop from opportunity to opportunity, never really learning anything…

Read on for a full review of the Profit Racer MLM opportunity. [Continue reading…]

The basic idea behind the 2-up compensation plan is that as a member, you pass up your first and third (or first and second) sales to your upline, and then keep the rest of the commissions yourself.

The problem is that with each company that uses the 2-up compensation plan, it’s almost guaranteed that they are selling membership and not an actual product.

This of course means that 100% of the commissions paid out are from membership fees and that members are only paid when they recruit new members.

Changing the passed up commissions to sales number 2 and 4 comes Leverage 5 to Infinity. Calling it a ‘reverse 2-up system’ they seem to think that by changing the ordered number of sales passed up, that this somehow addresses the problems with the 2-up compensation plan model.

Read on for a full review of the Leverage 5 to Infinity MLM opportunity. [Continue reading…]

“Braga” is an ancient city in northern Portugal.

What Braga has to do with Ponzi investment schemes however, I have no idea.

Read on for a full review of the Braga Cash MLM opportunity. [Continue reading…]

Mister Colibri, one of Seven Rings International’s recruitment scams that operates out of Brazil, claims to offer their members weekly payments if they watch advertisements.

Mister Colibri also pays large commissions for the recruitment of others to the company.

Upon examination, these advertiser videos are in actuality little more than random videos pulled of YouTube, which the company embeds into its website and requests its users watch.

The basic idea being that along with membership fees the company charges, commissions are in part paid out by revenue the company earns from advertisers who pay Mister Colibri to have genuine end-users (consumer) view their ads.

Unfortunately for Mister Colibri their members aren’t complete morons and the discrepancy between what the company claims and the fact that they are just using random YouTube videos (one particular Levis jeans commercial featuring Rob Liefeld hasn’t aired since the early 1990s), hasn’t gone unnoticed.

When pressed, it appears Mister Colibri management finally had to confess to their memberbase that infact the company at this stage has no commercial agreements with any of the advertisers featured in the ads Mister Colibri uses. [Continue reading…]

The reason Ponzi schemes are illegal is because when you pay a return on an investment that is greater than the investment itself and your only source of revenue is the money being invested, sooner or later you’re going to find yourself having to pay out more than you currently have.

Ricochet Riches, a MLM investment scheme launched a few months ago, tried to offset this by requiring their members to re-invest 50% of their return back into the scheme.

This put off Ricochet Riches’ Ponzi scheme from crashing a great deal longer than it would have taken without the forced re-investment, but on February 1st the inevitable still happened.

Payments were suspended with the owner(s) promising to bring the scheme back online on February the 14th with some changes that would allow the scheme to continue.

Over the next fortnight the admin(s) of Ricochet Riches pondered how to keep their investment scheme going. Obviously paying out over 100% of what was being invested as returns wasn’t working so how do you keep the system going, without fundamentally changing it?

Promising that there would be no deductions to investments waiting a return or the current 150% guaranteed return rate – management were quiet about the finer details of their plans until finally the 14th rolled around.

So, what did the owners of Ricochet Riches come up with? [Continue reading…]