Ride2Success, which additionally goes by “R2SInternational”, launched in late 2021.
The corporate’s web site area (“r2sinternational.com”), was registered on November 14th, 2021.
Heading up Ride2Success is Ariel Sunga (proper).
Sunga’s FaceBook profile locations him in Manila, Philippines.
Sunga seems to have a historical past of operating Ponzi schemes:
Staff Boss Supervisor touts a passive 270% to 400% ROI. Sunga represents Staff Boss Supervisor has been operating since 2016.
Staff Boss Supervisor seems to have collapsed in late 2021. This may make it the precursor for Ride2Success.
On January thirteenth, the Philippine SEC issued a securities fraud warning in opposition to Ride2Success and Ariel Sunga.
This seems to have impacted operation of the scheme. At time of publication Ride2Success’ firm web site was principally inaccessible.
Learn on for a full evaluate of Ride2Success’ MLM alternative.
Ride2Success’ Merchandise
Ride2Success has no retailable services or products.
Associates are solely in a position to market Ride2Success affiliate membership itself.
Ride2Success’ Compensation Plan
Ride2Success associates make investments $40 to $40,000 on the promise of a 6% every day ROI.
Ride2Success returns cap out at 360% after 60 days.
Hooked up to this are some busy-body duties, click on advertisements, play some silly sport and many others., however this has nothing to do with Ride2Success’ MLM alternative.
To maintain funds trapped in Ride2Success for so long as doable, a 300% bonus ROI is rewarded if invested funds are rolled over for a further 16 days.
The MLM aspect of Ride2Success pays on recruitment of associates who make investments.
Commissions are paid down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 12%
- stage 2 – 2%
- stage 3 – 1%
Becoming a member of Ride2Success
Ride2Success affiliate membership is free.
Full participation within the connected earnings alternative requires an preliminary $40 to $40,000 funding.
Ride2Success Conclusion
Ride2Success is an easy Ponzi scheme. You make investments, accrue monopoly cash returns in your backoffice and, when the time involves withdraw, hope there’s nonetheless cash left so that you can steal.
Regardless of the SEC’s warning, at time of publication Ariel Sunga continues to be operating Ride2Success’ official FaceBook group.
The group was created on December nineteenth and presently has 1900 members. Most of those are probably carried over from Staff Boss Supervisor.
Being a bonafide serial Ponzi scammer, Sunga seems to have attracted criticism within the Philippines.
Evidently Sunga doesn’t take to being referred to as out as a scammer nicely:
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Ride2Success of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of individuals lose cash.
Given Sunga is on the SEC’s radar, there’s an opportunity they could take additional motion in opposition to him.
Promotion of Ride2Success within the Philippines runs the danger of felony prosecution. That is punishable with a most 21 yr jail sentence and/or 5 million PHP high quality (~$97,790 USD).