Legends VIP Community doesn’t explicitly make clear who runs or owns the enterprise on their web site.
Advertising movies featured on Legends VIP Community’s web site nonetheless function Val Smyth:
Smyth can be the proprietor of the Legends VIP Community web site area, which was first registered in 2014.
Smyth first popped up on BehindMLM’s radar in 2015 as co-admin of Whole Takeover.
Whole Takeover was a comparatively short-lived recruitment scheme. Just a few months after launch Whole Takeover collapsed.
Later within the yr Smyth returned with The Elite Networker, one other recruitment-driven alternative.
In 2016 Smyth launched Mentoring Millionaires, a mixture pyramid gifting scheme.
On the time of publication the Mentoring Millionaires web site is misconfigured.
With an Alexa web site site visitors rating of over ten million, it’s a protected wager that Mentoring Millionaires has long-since collapsed.
Of word is Val Smyth’s use of a Canadian tackle to register the Legends VIP Community web site area.
A Washington tackle is offered on the Legends VIP Community web site phrases and circumstances.
Learn on for a full overview of the Legends VIP Community MLM alternative.
Legends VIP Community Merchandise
Legends VIP Community particulars a $39.95 a month stream service.
As per the corporate’s compensation plan materials nonetheless, this doesn’t seem to have something to do with the hooked up enterprise alternative.
Legends VIP Community’s Compensation Plan
Newly recruited Legends VIP Community associates join and pay $147.
Commissions are paid out once they recruit others who do the identical.
Legends VIP Community associates earn $100 per affiliate they personally recruit.
Residual recruitment commissions are paid through a 1-up compensation construction, tracked through a unilevel group.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned straight beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
New Legends VIP Community associates pass-up their first recruitment fee to the affiliate who recruited them.
That’s Bob recruits Sue, who recruits Tom.
The $100 fee generated on recruitment of Tom is handed as much as Bob.
After this primary pass-up recruitment commissions are saved by the recruiting affiliate.
The residual nature of the mannequin kicks in when personally recruited associates pass-up their first recruitment fee too.
Theoretically this could see funds handed up from an infinite depth, therefore the residual nature of the plan.
Becoming a member of Legends VIP Community
Legends VIP Community affiliate membership is $147.
Conclusion
The disjointed nature of Legends VIP Community is probably going a mirrored image of what the corporate is; a determined and unexpectedly put collectively money seize.
The MLM aspect of Legends VIP Community doesn’t appear to have something to do with their $39.99 a month streaming service.
Legends VIP Community’s MLM enterprise is cost of a tacked on $100 price (for some motive associates are slugged $47 for his or her first month over the $39.95 common value), which is used to pay recruitment commissions.
With 100% of commissions paid out tied to affiliate recruitment, the MLM aspect of Legends VIP Community operates as a pyramid scheme.
With respect to the provided streaming service, Legends VIP Community fails to reveal who their supplier is.
In doing so, the corporate additionally fails to reveal whether or not it or its service provider service supplier has broadcast rights to marketed copyrighted content material.
For its half, Legends VIP Community doesn’t specify on its web site whether or not it holds licenses from the house owners of the content material it gives entry to.
Copyrighted content material Legends VIP Community gives streaming entry to, as marketed on their web site, contains “USA TV”, NFL, MLB, NBA, Components 1 and localized content material from quite a few international locations.
A superb instance of what can occur to MLM corporations who present entry to pirated content material is TVizion.
Like Legends VIP Community, TVizion offered entry to pirated content material. Dish Community sued TVizion in mid 2018.
TVizion and proprietor Jim Pshehalouk didn’t defend the swimsuit, leading to a $5.9 million greenback default judgement earlier this yr.
Failing motion by copyrighted content material house owners, pyramid schemes like Legends VIP Community collapse as soon as recruitment inevitably stalls.
As a result of pass-up nature of the enterprise mannequin, those that get in early and recruit stand to take advantage of cash.
Sitting on the high of Legends VIP Community company-wide unilevel group is Val Smyth, by way of a number of preloaded admin positions.
Math dictates that at any given time, when a pyramid scheme collapses nearly all of members lose cash.
Selling entry to pirated content material as a enterprise alternative can be a great way to trash your skilled repute.