Revenue Join supplies no info on its web site about who owns or runs the corporate.
On its web site, Revenue Join markets itself as ‘a number one Supercomputer – Synthetic Intelligence Software program firm with headquarters situated in Las Vegas, Nevada.’
Additional analysis reveals Revenue Join advertising and marketing movies narrated by Eddie Kona. In keeping with Kona, he’s a co-founder and proprietor of Revenue Join.
Who Revenue Join’s different co-founders are just isn’t disclosed.
On LinkedIn Eddie Kona lists his location as Las Vegas, Nevada. On Twitter Kona cites himself because the founder and proprietor of Revenue Join.
For all intents and functions, Kona is the face of Revenue Join.
Previous to launching Revenue Join as a standalone MLM firm, Kona seems to have been advertising and marketing iMarketsLive with Revenue Join branding.
Following a run in with the CFTC, iMarketsLive rebooted itself as IM Mastery in late 2019.
Learn on for a full assessment of the Revenue Join MLM alternative.
Revenue Join’s Merchandise
Revenue Join markets “Wealth Builder” funding plans with “locked in” annual share charges (APR):
- Wealth Builder (funding quantity not disclosed) – 15% APR
- Wealth Builder Youth (make investments $500 to $30,000) – 20% APR
- Wealth Builder Limitless (make investments $1000 to $1,000,000) – 20% APR
- Wealth Builder Residence Fairness (make investments $30,000 to $1,000,000, 50% USD and 50% house fairness lien) – 20% APR
- Wealth Builder VIP (make investments $250,000) – 30% APR
Revenue Join solicits funding by means of financial institution wire, examine, money and bitcoin.
Revenue Join’s Compensation Plan
Revenue Join pays a 20% fee on funds invested by retail buyers and recruited associates.
Revenue Join pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned instantly below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Notice that retail buyers rely as stage 1 commissionable quantity, nevertheless retail buyers themselves don’t earn commissions (the affiliate who referred them does).
Commissions are paid by halving the 20% fee paid out as a recruitment fee, paid up a theoretical infinite variety of ranges.
E.g. You recruit somebody who invests and earn your 20% fee. 50% of your 20% fee is paid to the affiliate who recruited you.
50% of the 50% you obtained (25% of your fee quantity) is paid to the affiliate who recruited them. 50% of that (12.5% of your fee) is paid to the affiliate who recruited them, and so forth and so forth.
In flip if somebody beneath you in your unilevel crew receives a 20% fee, if you happen to fall inside their direct line of sponsorship (inside the unilevel crew), you’ll obtain a share of the 20% they earn.
How a lot of a share (what diploma of halving) is determined by how far up the unilevel crew you’re from them.
Becoming a member of Revenue Join
Revenue Join affiliate membership is on the market at three price-points:
- Bronze – $49 a month
- Silver – $259 a month
- Gold – $499 a month
The first distinction between the memberships is bundled advertising and marketing supplies. Silver and Gold tiers additionally obtain $50 and $200 into Wealth Builder accounts every month respectively.
There may be additionally a free affiliate possibility, nevertheless free associates don’t qualify for MLM commissions.
Conclusion
The core of Revenue Join’s enterprise is the providing of passive annual returns between 15% and 30%.
This can be a securities providing, and neither Revenue Join or Eddie Kona are registered with the SEC.
Because of this at a minimal, Revenue Join and Eddie Kona are committing securities fraud.
Curiously, in a single Revenue Join advertising and marketing video Kona states “we do report federally”. I’ve already famous neither Revenue Join or Kona are registered with the SEC.
The supposed supply of Revenue Join’s returns is, nicely it’s an entire bunch of stuff;
Revenue Join is a privately held, supercomputer Ai (Synthetic Intelligence) software program firm (NAICS: 541511) with a Wealth Companies subsidiary focusing the proprietary Ai on finance and inside foreign money / inventory buying and selling together with ICO/STO (Preliminary Coin Providing / Safety Token Providing) Enterprise Capital.
Revenue Join Wealth Companies is a disruptive know-how utilizing our proprietary Ai and Machine Studying Algorithms to vary the world of finance and the mindset of compound curiosity.
Following on from the CFTC cracking down on iMarketsLive, the regulator advises;
Earlier than working with any individual or agency to commerce in commodity futures, commodity swimming pools, choices, foreign exchange, or different derivatives, confirm that the entity is correctly registered with the CFTC.
Registration and examination of intermediaries is performed on behalf of the CFTC by the Nationwide Futures Affiliation (NFA) below the supervision of the CFTC.
Neither Revenue Join or Kona are registered with the NFA both.
As for NAICS talked about above;
The North American Business Classification System (NAICS) is the usual utilized by Federal statistical companies in classifying enterprise institutions for the aim of gathering, analyzing, and publishing statistical information associated to the U.S. enterprise economic system.
That has nothing to do with securities regulation or registration with the CFTC.
Who precisely Revenue Join and Kona are reporting to on a federal stage and what they’re reporting stays unclear. It actually isn’t the SEC or CFTC although, which is legally required.
Slightly than handle Revenue Join’s securities fraud, Kona professes Revenue Join isn’t an funding alternative.
From the identical advertising and marketing video, right here’s Kona denying Revenue Join is an funding alternative after which tripping up on his personal pseudo-compliance;
[2:14] Initially our Wealth Builder merchandise, it’s not a purchase order. We name it a purchase order only for the benefit of speaking about it.
However it actually is by definition a deposit, as a result of the return comes again to you in its entirety – no matter you deposited. However um additionally with your returns.
We name it a purchase order as a result of what you’re doing with this isn’t a financial institution, this isn’t an account, it’s not an funding.
What it’s is you’re buying time on our synthetic intelligence tremendous pc.
In order that’s what you’re really buying to get the returns that we’re gonna speak about.
[4:50] So after we begin speaking to you about the truth that we’ll present a hard and fast return, that’s compounded month-to-month, from fifteen p.c to thirty p.c month-to-month, I do know the eyebrows get raised.
Yeah, completely not an funding.
So far as pseudo-compliance goes, even when Kona was extra cautious together with his wording, that wouldn’t change what Revenue Join is.
You join, you make investments funds and acquire passive returns – that’s the enterprise mannequin. The MLM facet of the enterprise pays commissions on these investments.
One ultimate factor I’ll contact on in Kona’s declare that Revenue Join is affiliated with a number of banks. This begins with the declare that funds invested with Revenue Join are held in FDIC insured accounts.
This after all doesn’t negate securities fraud. I’m bringing it up as a result of supposedly Revenue Join’s accounts are held with “affiliated banks”.
The place issues get attention-grabbing is Revenue Join utilizing US banks to launder funds right into a fraudulent funding scheme.
[23:21] You probably have a big sum of money you need to transfer it from abroad, you realize we’ve moved uh, a few examples, say China for instance.
We’ve you realize despatched over $150,000 no drawback. The place they will’t appear to maneuver cash to America (laughs).
However it’s not a motion, it’s a purchase order. So it comes over with out and issues.
We’ve the wire directions that we ship to them and it says proper on there “Simply be certain in your wire that you simply observe this can be a buy of tremendous pc C time”, it goes by means of no drawback.
In fact our contacts on the banks assist us do that.
Though you possibly can supposedly withdraw invested funds previous to the pitched annual return maturity date, Kona stresses that is the popular size of funding Revenue Join expects.
Between banks submitting SFAR experiences and the SEC or CFTC investigating Revenue Join for securities fraud, there’s numerous authorized legal responsibility throughout these twelve months.
Inside the US it ought to be famous that along with providing unregistered securities being unlawful, so is selling unregistered securities.
This places each Revenue Join affiliate in danger ought to the SEC or CFTC examine.
On the finish of the day if Eddie Kona was utilizing supercomputers to generate a hard and fast 30% month-to-month return he was capable of compound, what on Earth does he want your cash for?
And if every little thing was above board as claimed, why not register with the SEC/CFTC and function legally.
Time and time once more we’ve seen MLM corporations commit securities fraud for one motive and one motive solely: they aren’t doing what they declare to be.
That lends itself to Revenue Join operating a Ponzi scheme.
Sadly within the absence of Revenue Join submitting monetary experiences as is legally required, solely a regulatory investigation will affirm this. Both that or Revenue Join collapses.
Take your choose, each eventualities lead to misplaced cash.
Replace twentieth July 2021 – Revenue Join has been shut down by the SEC.
The regulator alleges it was a $12 million greenback Ponzi scheme.
Replace twentieth October 2021 – As on the time of this replace, the advertising and marketing video cited on this article has been faraway from YouTube.
As such I’ve eliminated the beforehand accessible hyperlink to the video.