Welcome to my overview of profit connect.
Chances maybe you have been have heard people speak about this profit connect company. Some say it is just a legit company where you stand in a position to earn; others argue it's not genuine. I realize it may lead to confusion about whether that's right or wrong. If you need to be searching for answers to those questions, you attended to the most effective place. Here, I can let you know all you've got to learn under this profit connect review article.
The main element intent behind this information is to provide an insight, honest review and not to advertise about profit connect anyway. I will soon be digging deeper to obtain you to understand if profit connects legit or not. I'll allow you to get through who're the founders of the company, their products, compensation plan, and the fee to become listed on the company. Besides, I'll let you know other insights beneficial to know what the company wants you to understand about them. Thus stick with me and read this information ahead of the end.
What Is Profit Connect?
Profit Connect Wealth Services seems becoming a product offering of Profit Connect. It denies that it's offering financial or banking products and therefore, doesn't buy into the term ‘investment ' ;.On its website, The company claims that it's working with AI supercomputers, blockchain, stock, and forex trading.
The parent company, Profit Connect , was founded by Eddie Kona. Its primary area of interest is in Supercomputer Ai. It's leveraging the power of two supercomputers to potentially venture into different regions of interest. One is Wealth Services, which can be what this information is all about.
At a glance, Eddie Kona seems legit with a dynamic Linked In profile. Being a manager of a cutting-edge supercomputing company doesn't appear to be a scam either. But what Profit Connect offers in its Wealth Services does indeed raise red flags.
Profit Connect's Compensation Plan
Profit Connect pays a 20% commission on funds invested by retail investors and recruited affiliates.
Profit Connect pays residual commissions utilizing a unilevel compensation structure.
If any level 1 affiliates recruit new affiliates, they're put into level 2 of the initial affiliate's unilevel team.
If any level 2 affiliates recruit new affiliates, they're put into level 3 and etc and so forth down a theoretical infinite volume of levels.
Note that retail investors count as level 1 commissionable volume, however retail investors themselves don't earn commissions (the affiliate who referred them does).
Commissions are paid by halving the 20% commission paid out as a recruitment commission, paid up a theoretical infinite volume of levels.
E.g. You recruit an individual who invests and earn your 20% commission. 50% of one's 20% commission is paid to the affiliate who recruited you.
Is Profit Connect a Scam?
Profit Connect is just a Ponzi scheme and there's no other way around it. All of the big red flags of a Ponzi scheme are there on the marketing videos and compensation plan.
They're not registered with any regulatory agency so they're also committing securities fraud on top of operating a Ponzi scheme. Similar to a twin whammy for lawsuits now.
If you generate income off of your recruits, you're also legally liable for the lawsuits. You might be sued. Remember what happened with OneCoin and their members? Yeah, that might happen for you if you join this program and generate income off of people Read More.
My Final Thoughts
At this time, you know what is profit connect and ways you can earn. It's still my guess you wish to learn if profit connects legit or not. After my digging, I really could tell the company has well pay ways you are able to generate, and there's no other hidden information.
Profit Connect Company offers passive annual returns, and you are able to generate between 15% to 30% after investing. Also, you are able to generate 20% if you feel an affiliate. Both methods for earning can assist one to earn good money.
Really the only concern about profit connect is that the founders haven't registered the company with the SEC to legally offer securities. It one issue which raises the alarm despite Eddie's argument they do are accountable to the federal. It's not in my position to recommend the company while they really need to get registered.
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