Simply Been Paid was a infamous Ponzi scheme from the early 2000s.
The scheme was run by Frederick Mann, an elusive outdated white man from South Africa.
After the preliminary Simply Been Paid Ponzi collapsed, over time Mann rebooted the scheme as JSS-Tripler, JBP’s Synergy Surf (JSS), JSS-Booster and JSS-Warp.
There have been additionally numerous clones launched, hoping to capitalize on Simply Been Paid’s notoriety.
Final month somebody resurrected Simply Been Paid to launch a low-effort sensible contract Ponzi.
It’s extraordinarily uncertain Frederick Mann is behind the Simply Been Paid reboot. He was outdated again within the final 2000s and hasn’t been seen or heard from since Simply Been Paid’s preliminary runs collapsed.
The 2020 relaunch of Simply Been Paid operates from “justbeenpaid.io”, a site privately registered in August 2020.
A lot of the promotional materials for Simply Been Paid is in Hindi. This syncs with Alexa pegging India as the highest supply of site visitors to Simply Been Paid’s web site (78%).
It’s extremely possible that somebody in India, seemingly an investor within the authentic rip-off, is operating the Simply Been Paid reboot.
One other risk is an African admin.
On Simply Been Paid 2020’s official YouTube account, two admin movies uploaded in December 2020 function the man on the proper.
Notice that the video is geo-tagged Georgia (the US state). That is seemingly one other purple herring.
Simply Been Paid’s Boris CEO doesn’t reveal his identify. He does nevertheless have a distinctly African accent and claims to be talking on behalf of Frederick Mann.
As at all times, if an MLM firm isn’t overtly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Simply Been Paid 2020’s Merchandise
Simply Been Paid 2020 has no retailable services or products, with associates solely in a position to market Simply Been Paid 2020 affiliate membership itself.
Simply Been Paid 2020’s Compensation Plan
Simply Been Paid associates make investments 0.05 ETH funding positions and a multi-tier matrix cycler.
Direct Funding Positions
0.05 ETH funding positions pay a 250% ROI.
Further direct funding tiers are as follows:
- Bronze – make investments 2 to 99 ETH and obtain a 1% day by day ROI for 200 days
- Silver – make investments 100 to 499 ETH and obtain a 1.5% day by day ROI for 135 days
- Gold – make investments 500 to 999 ETH and obtain a 2% day by day ROI for 100 days
- Platinum – make investments 1000 to 1999 ETH and obtain a 2.5% day by day ROI for 80 days
- Diamond – make investments 2000 to 2999 ETH and obtain a 3% day by day ROI for 67 days
- Ruby – make investments 3000 to 3999 ETH and obtain a 3.5% day by day ROI for 58 days
- Black Diamond – make investments 4000 to 4999 ETH and obtain a 4% day by day ROI for 50 days
Matrix Cycler Positions
Simply Been Paid 2020 runs a 3×1 matrix cycler.
A 3×1 matrix consists of three positions to be stuffed. Positions are stuffed through subsequent funding in 0.25 ETH positions.
As soon as all three positions within the matrix are stuffed, a return is paid out and the place cycles into the subsequent tier.
ROI funds throughout Simply Been Paid 2020’s cycler tiers are as follows:
- Tier 1 (positions value 0.05 ETH) – 0.05 ETH ROI, cycles into tier 2
- Tier 2 – 0.1 ETH ROI, cycles into tier 3
- Tier 3 – 0.15 ETH ROI, generates a brand new Tier 1 place and cycles into Tier 4
- Tier 4 – 0.3 ETH ROI, generates two new Tier 1 positions and cycles into Tier 5
- Tier 5 – 0.6 ETH ROI, generates 4 new Tier 1 positions and cycles into Tier 6
- Tier 6 – 1.2 ETH ROI, generates eight new Tier 1 positions and cycles into Tier 7
- Tier 7 – 2.4 ETH ROI, generates sixteen new Tier 1 positions and cycles into Tier 8
- Tier 8 – 4.8 ETH ROI, generates thirty-two new Tier 1 positions and cycles into Tier 9
- Tier 9 – 9.6 ETH ROI, generates sixty-four new Tier 1 positions and cycles into Tier 10
- Tier 10 – 19.2 ETH ROI, generates 100 and twenty-eight new Tier 1 positions and cycles into Tier 11
- Tier 11 – 38.4 ETH ROI, generates 2 hundred and fifty-six new Tier 1 positions and cycles into Tier 12
- Tier 12 – 76.8 ETH ROI, generates 5 hundred and twelve new Tier 1 positions and cycles into Tier 13
- Tier 13 – 153.6 ETH ROI, generates one thousand and twenty-four new Tier 1 positions and cycles into Tier 14
- Tier 14 – 307.4 ETH ROI, generates two thousand and forty-eight new Tier 1 positions and cycles into Tier 15
- Tier 15 – 2456.6 ETH ROI
Numerous “re-entries” are additionally supplied throughout the fifteen cycler tiers. I’m assuming these correspond with funding positions.
Becoming a member of Simply Been Paid
Simply Been Paid affiliate membership is tied to a minimal 0.05 ETH funding.
Conclusion
Whoever is operating Simply Been Paid has determined to run with the Frederick Mann backstory:
Solely downside is that’s not Simply Been Paid’s Mann. The picture used is that of Frederick George Mann, an natural chemist who died in 1982.
Courtesy of a YouTube video uploaded again in 2007, that’s Simply Been Paid’s Frederick Mann on the proper. Or a minimum of somebody enjoying him.
Simply Been Paid 2020 guarantees to “double your funds with none dangers”.
That is clearly baloney. Simply Been Paid 2020 was a easy smart-contract Ponzi scheme.
I say was as a result of it seems the unique Ponzi has already collapsed. Yeah, it didn’t even final a number of weeks.
As per a “new replace” on January 14th from Simply Been Paid’s Boris CEO;
The administration is transferring the plan and idea into Tron blockchain.
Guests to Simply Been Paid 2020’s web site are additionally greeted with the next message:
Justbeenpaid is transferring to new know-how tron based mostly sensible contract and launching this Jan 2021.
In different phrases, Simply Been Paid’s admin will repurpose their current script for tron as an alternative of ethereum.
Anybody who invested within the authentic ethereum contract Ponzi takes a success.
So far as I can inform Simply Been Paid 2020’s tron reboot reboot hasn’t occurred but. Maybe it received’t and the exit-scam has already taken place.
No matter whether or not the tron reboot reboot occurs or not, it’ll play out the identical as each different sensible contract Ponzi.
Simply Been Paid 2020’s admin and their buddies will steal many of the invested funds. Everybody loses out.