My Micro Income gives no data on its web site about who owns or runs the corporate.
My Micro Income’ web site area (“mymicroprofits.com”) was privately registered on March fifth, 2020.
On June seventeenth, a video titled “MyMicroProfits CEO Interview” was uploaded to Know Buddy Crypto’s YouTube channel.
Within the video, somebody going by “Al” claims to be My Micro Income’ CEO. Al has a North American accent.
On its web site My Micro Income gives a company handle within the UK. The handle in truth belongs to an eyewear firm.
On the time of publication, Alexa ranks Venezuela (15), Russia (10%) and Brazil (9%) as the highest three sources of visitors to My Micro Income’ web site.
As all the time, if an MLM firm is just not overtly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
My Micro Income’ Merchandise
My Micro Income has no retailable services or products, with associates solely in a position to market My Micro Income affiliate membership itself.
My Micro Income’ Compensation Plan
My Micro Income associates make investments cryptocurrency on the promise of an hourly 0.13% ROI.
Cryptocurrencies My Micro Income accepts contains bitcoin, bitcoin money, ethereum, litecoin dogecoin and sprint.
Referral commissions on invested funds are paid out down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 9%
- stage 2 – 7%
- stage 3 – 3%
Becoming a member of My Micro Income
My Micro Income affiliate membership is free.
Full participation in My Micro Income’ earnings alternative requires a cryptocurrency funding.
No minimal quantity is specified on My Micro Income’ web site.
Conclusion
My Micro Income claims to generate exterior income through “transaction processing charges, cloud internet hosting, cryptocurrency buying and selling and promoting arbitrage”.
No proof to help this declare is offered. Neither is there any proof My Micro Income is utilizing exterior income of any type to pay returns.
The one verifiable income coming into My Micro Income is new funding.
We can pay you INSTANT earnings each 60 minutes on full autopilot!
Revenue is paid INSTANTLY to the cryptocurrency of your selection!
Utilizing new funding to pay present affiliate traders an hourly ROI makes My Micro Income a Ponzi scheme.
Absolutely conscious they’re operating a Ponzi scheme, “Al” and the remainder of the scammers behind My Micro Income have already got their exit-scam in thoughts:
To ensure that our firm to in a position to give you this unimaginable alternative to make cash on-line, we’ve got made an organization broad determination to stay nameless.
That is to guard each our firm’s worker’s in addition to maintain your deposits protected.
They’re not mendacity. When My Micro Income inevitably collapses, “Al” and his fellow scammers will disappear.
At 0.13% an hour, it’ll take simply over 32 days to recuperate what you invested into My Micro Income.
Something after that’s stolen from another person. In 64 days My Micro Income preliminary investments could have paid out 200%.
From there issues spiral uncontrolled in the direction of a Ponzi collapse.
We reserve the suitable to alter the foundations, commissions and charges of this system at any time and at our sole discretion with out discover.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.
Replace nineteenth November 2021 – US authorities have recognized the proprietor of My Micro Income as Ryan Ginster, a California resident.
Ginster has been arrested and is dealing with each legal and civil fraud costs.