Following its first collapse again in March, the My Passive Trades Ponzi scheme has collapsed once more.
In a bid to maintain My Passive Trades afloat, proprietor Darren Bradbury has jumped on the cryptocurrency fraud bandwagon.
This began with the launch of EurekaCoin (ERK) late final yr.
ERK is a typical MLM shitcoin, holding no worth outdoors of My Passive Trades.
Bradbury (proper) creates ERK out of skinny air, then makes use of it to pay My Passive Trades traders.
ERK is publicly tradeable and listed on a number of dodgy exchanges. After debuting at 0.6 cents final December, ERK is at the moment buying and selling at round 1 cent.
In a discover printed on My Passive Trades’ web site up to now twenty-four hour, Bradbury introduced the second collapse.
As a result of quantity of stress we’ve been underneath we determined to make a ultimate change to our enterprise mannequin to make it extra in step with what the vast majority of our members demand.
We’ll do a 100% refund of each pack
Members will obtain 4 ERK for each $1 value of advert packs they’ve bought.
4 ERK for each $1 invested equates to 4 cents on the greenback. Why “the bulk” of My Passive Trades’ traders “demanded” a 96% loss on their investments is unclear.
Trying ahead, Bradbury is eager to ditch My Passive Trades and its ROI liabilities. As a substitute he’s going to launch MyEurekaClub.
We’ll open a brand new web site referred to as MyEurekaClub, the place advert packs in ERK worth that means the buying of the packs and the money again program might be strictly in ERK.
In MyEurekaClub we could have 20M ERK value of advert packs on the market.
Every pack will give a money again of 0.5% per day in ERK till 150%.
And so My Passive Trades’ transition into the MLM crypto fraud area of interest is full.
Why give folks again actual cash when you possibly can simply palm off your “prices me nothing to create” tokens?
These gullible sufficient at hand over more cash to Bradbury are being informed:
We challenge all through the following 12 months (ERK’s) value will go manner over $0.25.
Which after all relies on completely nothing.
Oh and apparently Bradbury
owns a number of six figures companies which might be producing income each day.
Which y’know, is why My Passive Trades collapsed twice.
If MyEurekaClub materializes with an MLM comp plan we’ll cowl it with a proper evaluation.
Failing which I’ll present an replace beneath when MyEurekaClub inevitably collapses too.