My Micro Profits provides no information on its website about who owns or runs the company.
My Micro Profits’ website domain (“mymicroprofits.com”) was privately registered on March 5th, 2020.
On June 17th, a video titled “MyMicroProfits CEO Interview” was uploaded to Know Buddy Crypto’s YouTube channel.
In the video, someone going by “Al” claims to be My Micro Profits’ CEO. Al has a North American accent.
On its website My Micro Profits provides a corporate address in the UK. The address in fact belongs to an eyewear company.
At the time of publication, Alexa ranks Venezuela (15), Russia (10%) and Brazil (9%) as the top three sources of traffic to My Micro Profits’ website.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
My Micro Profits’ Products
My Micro Profits has no retailable products or services, with affiliates only able to market My Micro Profits affiliate membership itself.
My Micro Profits’ Compensation Plan
My Micro Profits affiliates invest cryptocurrency on the promise of an hourly 0.13% ROI.
Cryptocurrencies My Micro Profits accepts includes bitcoin, bitcoin cash, ethereum, litecoin dogecoin and dash.
Referral commissions on invested funds are paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 9%
- level 2 – 7%
- level 3 – 3%
Joining My Micro Profits
My Micro Profits affiliate membership is free.
Full participation in My Micro Profits’ income opportunity requires a cryptocurrency investment.
No minimum amount is specified on My Micro Profits’ website.
My Micro Profits claims to generate external revenue via “transaction processing fees, cloud hosting, cryptocurrency trading and advertising arbitrage”.
No evidence to support this claim is provided. Nor is there any evidence My Micro Profits is using external revenue of any kind to pay returns.
The only verifiable source of revenue entering My Micro Profits is new investment.
We will pay you INSTANT income every 60 minutes on complete autopilot!
Income is paid INSTANTLY to the cryptocurrency of your choice!
Using new investment to pay existing affiliate investors an hourly ROI makes My Micro Profits a Ponzi scheme.
Fully aware they are running a Ponzi scheme, “Al” and the rest of the scammers behind My Micro Profits already have their exit-scam in mind:
In order for our company to able to provide you with this incredible opportunity to make money online, we have made a company wide decision to remain anonymous.
This is to protect both our company’s employee’s as well as keep your deposits protected.
They’re not lying. When My Micro Profits inevitably collapses, “Al” and his fellow scammers will disappear.
At 0.13% an hour, it’ll take just over 32 days to recover what you invested into My Micro Profits.
Anything after that is stolen from someone else. In 64 days My Micro Profits initial investments will have paid out 200%.
From there things spiral out of control towards a Ponzi collapse.
We reserve the right to change the rules, commissions and rates of the program at any time and at our sole discretion without notice.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 19th November 2021 – US authorities have identified the owner of My Micro Profits as Ryan Ginster, a California resident.
Ginster has been arrested and is facing both criminal and civil fraud charges.