Coop5050 offers no data on its web site about who owns or runs the corporate.
Coop5050’s web site area (“coop5050.com”) was first registered in 2018. The personal registration was final up to date on November 4th, 2020.
To suss out who’s behind Coop5050 we have now to show to social media:
David T. Rosen first popped up on BehindMLM’s radar in 2015, as founding father of the PIE 24/7 pyramid scheme.
In early 2018 Rosen launched Cooperative Crowdfunding, a matrix-based gifting scheme. This was adopted by 50/50 Crowdfunding in late 2018.
In late 2019 Rosen rebooted 50/50 Crowdfunding as CoopCrowd. That brings us to the late 2020 reboot launch of Coop5050.
David Rosen is believed to run his numerous scams from Ontario, Canada.
Alexa visitors evaluation reveals Coop5050 recruitment is at present going down within the US (71%) and Dominican Republic (22%).
Learn on for a full evaluate of Coop5050’s MLM alternative.
Coop5050’s Merchandise
Coop5050 has no retailable services or products, with associates solely capable of market Coop5050 affiliate membership itself.
Coop5050’s Compensation Plan
Coop5050 associates reward cash to one another by way of eight-tiers of gifting funds.
Gifting funds in Coop5050 are tracked by way of a 2×2 matrix.
A 2×2 matrix locations an affiliate on the high of a matrix, with two positions straight below them:
These two positions type the primary degree of the matrix. The second degree of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
Positions within the matrix are crammed by place purchases, made by current and newly recruited Coop5050 associates.
Funds used to buy matrix positions are gifted as follows:
- $25 tier – reward $25 and obtain 50% of $25 gifted in throughout six positions ($75)
- $50 tier – reward $50 and obtain 50% of $50 gifted in throughout six positions ($150)
- $150 tier – reward $150 and obtain 50% of $150 gifted in throughout six positions ($450)
- $250 tier – reward $250 and obtain 50% of $250 gifted in throughout six positions ($750)
- $500 tier – reward $500 and obtain 50% of $500 gifted in throughout six positions ($1500)
- $1000 tier – reward $1000 and obtain 50% of $1000 gifted in throughout six positions ($3000)
- $2000 tier – reward $2000 and obtain 50% of $2000 gifted in throughout six positions ($6000)
- $4000 tier – reward $4000 and obtain 50% of $4000 gifted in throughout six positions ($12,000)
Biking seems to occur robotically so presumably upon finishing a matrix, the preliminary gifting cost is subtracted to generate a brand new same-tier place.
E.g. You obtain $75 upon finishing tier 1, $25 of which is used to fund a brand new tier 1 place.
Becoming a member of Coop5050
Coop5050 affiliate membership is tied to a minimal $25 gifting cost.
Full participation in Coop5050 prices $7975.
Advertising copy on Coop5050’s web site suggests gifting funds could be month-to-month recurring.
Conclusion
Following the collapse of his CoopCrowd gifting scheme, David Rosen is again with a clone rip-off for 2021.
Coop5050 combines components of gifting and Ponzi schemes.
The gifting factor exists by means of new gifting funds getting used to fund cycle funds.
You reward in, that cash is paid to current Coop5050 associates. You then obtain gifting funds from Coop5050 associates recruited after you.
The Ponzi factor exists by means of gifting funds being made on the expectation of a 300% ROI.
Present $25 and obtain $75. Present $250 and obtain $750 and many others.
Seeing as 71% of web site visitors to Coop5050 is coming from the US, this brings the scheme below the jurisdiction of the FTC and SEC.
Gifting schemes are unlawful as per the FTC Act. Ponzi schemes (securities fraud) are unlawful as pert the Securities and Change Act.
As with all MLM Ponzi gifting schemes, as soon as affiliate recruitment dries up so too will new gifting funds (funding).
Being a matrix cycler, it will see Coop5050’s matrices start to stall. Until recruitment of recent members continues endlessly (mathematically unattainable), ultimately sufficient matrices stall to set off a collapse.
In order for you proof of this in observe, look no additional than David Rosen’s earlier scams.
Pie 24/7, Cooperative Crowdfunding, 50/50 Crowdfunding and CoopCrowd all collapsed with nearly all of members dropping cash.
In the meantime Rosen, by way of preloaded admin positions, is the first benefactor of every rip-off.
Coop5050, utilizing the identical matrix cycler gifting mannequin as Rosen’s earlier scams, gained’t finish any in a different way.