Passive Professional’s web site cites Lee Merritt as CEO and founding father of the corporate.
Lee Merritt is the CEO and founding father of Passive Professional, from the UK.
He’s spent the previous few years as a profitable entrepreneur within the crypto area.
That is accompanied by a advertising video, uploaded to Crypto Analyzer’s YouTube channel on March twenty first, 2020.
Crypto Analyzer (aka Gary Jeremiah Handley) makes use of his YouTube channel to advertise a number of MLM Ponzi schemes.
Passive Professional’s web site area (“passive.skilled”) was privately registered on March 4th, 2020.
Up till six months in the past Merritt promoted the Karatbars Worldwide Ponzi scheme.
It’s seemingly Passive Professional was launched to recoup Merritt’s KBC losses.
As all the time, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
Passive Professional’s Merchandise
Passive Professional has no retailable services or products, with associates solely in a position to market Passive Professional affiliate membership itself.
Passive Professional affiliate membership offers entry to advert credit, which can be utilized to show promoting on Passive Professional’s web site.
Passive Professional’s Compensation Plan
Passive Professional associates make investments $5 in bitcoin on the promise of a most 125% ROI, paid out “as much as 1%” day by day.
Referral commissions on invested funds are paid down two ranges of recruitment:
- degree 1 (personally recruited associates) – 8%
- degree 2 – 2%
Becoming a member of Passive Professional
Passive Professional affiliate membership is free.
Full participation within the hooked up revenue alternative nonetheless requires a minimal $5 funding in bitcoin.
Be aware that Passive Professional’s minimal withdrawal steadiness is $10.
Conclusion
Passive Professional is a straightforward advert credit score Ponzi scheme.
You join, make investments and are paid with subsequently invested funds. It’s that straightforward, and the enterprise mannequin constitutes funding fraud.
In an try to justify its Ponzi scheme, Passive Professional affords up the next nonsense:
Is Passive.skilled A Rip-off?
Completely not! The corporate is extraordinarily clear and prides itself in 100% honesty, transparency and integrity.
Is Passive Professional A Ponzi Or Pyramid Scheme?
No it isn’t, beneath any circumstances. Passive.Professional affords an optionally available cashback/rewards promotion just for sure merchandise that qualify as much as a most 125% of the acquisition worth.
Any cashback paid comes from real firm income.
Ponzi schemes by definition aren’t trustworthy or clear. Naturally the scammers working them additionally lack integrity.
Ponzi schemes additionally don’t generate income. They recycle newly invested funds to pay present traders a return.
Calling mentioned returns “optionally available cashback/rewards promotion” is pointless pseudo-compliance. It received’t idiot regulators and it shouldn’t idiot you.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.
It will starve Passive Professional of ROI income, ultimately prompting a collapse.
What Is Your Refund Coverage?
We don’t provide any refunds on bought Advert Packs.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.