Profit Alliance Club Review
Ten-Tier Cryptocurrency Mining Ponzi
The Profit Alliance Club website recognizes Diego Noriega (full name Diego King Noriega) as the founder of the company.
According to Noriega’s Facebook profile, he is based in the US, out of California. It is presumed this is also where Profit Alliance Club is being operated from.
Noriega’s Facebook profile just recently promoted a group he refers to as “The True Revshare Community”.
A “revshare” in the MLM world translates to Ponzi schemes, in which income invested by new affiliates is “shared” with existing affiliates.
Unambiguous opportunities marketed by Noriega include ZarFund (cash gifting), Lara With Me (Ponzi scheme), Digital Altitude (chain-recruitment) and Giftobit (cash gifting).
On September 27, 2016 Noriega confirmed on Facebook that Profit Alliance Club is his 1st “Owned Income Opportunity Program”.
Read on for a complete review of the Profit Alliance Club MLM opportunity.
Profit Alliance Club Product Line
Profit Alliance Club has no retailable products or services, and affiliates only able to market Profit Alliance Club affiliate membership itself.
Profit Alliance Club affiliate membership is combined with access to “crypto-currency training and training materials”.
Profit Alliance Club Compensation Plan
The Profit Alliance Club compensation plan requires affiliates to invest anywhere from 50 cents to $1250.00 on the assurance of an advertised daily ROI of up to 8.5%.
So, depending upon how much of a ROI is paid out is how it is determined how much a Profit Alliance Club affiliates invests.
- Associate – invest 50 cents and receive a 3% daily ROI up to 110%
- Bronze – invest $2.50 and receive a 3.5% daily ROI up to 115%
- Silver – invest $12.50 and receive a 4% daily ROI up to 120%
- Ruby – invest $62.50 and receive a 4.5% daily ROI up to 125%
- Gold – invest $312.50 and receive a 5% daily ROI up to 130%
- Platinum – invest $350 and receive a 5.5% daily ROI up to 135%
- Diamond – invest $500 and receive a 6% daily ROI up to 140%
- Elite – invest $750 and receive a 6.5% daily ROI up to 145%
- Royalty – invest $1000 and receive a 7% daily ROI up to 150%
- Presidential – invest $1250 and receive an 8.5% daily ROI up to 155%
Note: 40% of all ROI payouts need to be reinvested.
Profit Alliance Club referral commissions are paid out through a uni-level compensation assembly.
A uni-level compensation assembly puts an affiliate at the top of a uni-level team, with every personally recruited affiliate put directly underneath them at Level 1.
If any Level 1 affiliates recruit new affiliates, they are then put on Level 2 of the original affiliate’s uni-level team.
If any Level 2 affiliates recruit new affiliates, they are then put on Level 3 and so on and so forth down a hypothetical endless number of levels.
Referral commissions are paid out as a fraction of funds invested by a Profit Alliance Club affiliate’s uni-level team.
How many levels an affiliate earns is determined by how much they have personally invested as show below:
- Associate – 3% on level (personally recruited affiliates) and 2% on level 2
- Bronze – 3% on level 1, 2% on level 2 and 1% on level 3
- Silver – 3% on level 1 and 2% on levels 2 and 3
- Ruby – 3% on level 1, 2% on levels 2 and 3 and 1% on level 4
- Gold – 3% on level 1 and 2% on levels 2 to 4
- Platinum 3% on level 1, 2% on levels 2 to 4 and 1% on level 5
- Diamond – 3% on level 1 and 2% on levels 2 to 5
- Elite – 3% on level 1, 2% on levels 2 to 5 and 1% on level 6
- Royalty – 3% on level 1 and 2% on levels 2 to 6
- Presidential – 3% on level 1, 2% on levels 2 to 6 and 1% on level 7
Joining Profit Alliance Club
Profit Alliance Club affiliate membership is completed with a minimum 50 cent investment.
Profit Alliance Club – My Take
$0.50 Pays You $0.55 => 110%
$2.50 Pays You $2.875 => 115%
$12.50 Pays You $15.00 => 120%
$62.50 Pays You $78.13 => 125%
$312.50 Pays You $406.25 => 130%
$350.00 Pays You $472.50 => 135%
$500.00 Pays You $700.00 => 140%
$700.00 Pays You $1087.50 => 145%
$1000 Pays You $1500 => 150%
$1,250 Pays You $1937.50 => 155%
Club Figures Analyzed
The figures above are how Profit Alliance Club market their MLM opportunity on the company website.
The scam is that ROI payouts are “backed by cryptocurrency mining”, nevertheless there is an apparent disconnect between the daily ROI percentages paid out and legitimate cryptocurrency mining.
Legitimate cryptocurrency mining cannot be represented as a flat daily percentage payout.
Quite possible, a small percentage of funds invested into Profit Alliance Group could be put towards cryptocurrency mining, but that’s obviously not the primary source of ROI revenue generated.
That’s not all – The website itself states “For security reasons, we do not disclose the exact location of our mining farms.”
The only certifiable source of revenue entering Profit Alliance Club is affiliate investment.
The use of newly invested funds to pay off existing investors makes Profit Alliance Club a Ponzi scheme, no doubt.
Despite this, Profit Alliance Club claims to be a company that is “trusted, legitimate and ethical”.
With Diego Noriega based in the US, regulation of Ponzi schemes falls under the purview of the SEC. To that end, Profit Alliance Club offers an amusingly weak attempt at pseudo-compliance;
“As a private transaction, this program is exempt from the US Securities Act of 1933, the US Securities Exchange Act of 1934 and the US Investment Company Act of 1940 and all other rules, regulations and amendments thereof.”
“We are not FDIC insured. We are not a license bank or security firm.”
Profit Alliance Club – Conclusion
Well, hmmmm….. I’m quite sure that will put the SEC in their place. They won’t dare investigate Profit Alliance Club with a legally binding disclaimer like that! Right??!!!
The bottom line is this – Profit Alliance Club has been set up to trick trusting investors who will believe the ploy that 8% daily ROIs are possible through cryptocurrency mining.
“This program was not designed for professional business people. It was designed for moms, dads, high school graduates, waiters and waitresses, passionate creative’s, college dropouts and anyone in between.
The only individuals who will make money in this scheme are Noriega and the friends who have followed him from con to con.
This money will be earned through various pre-loaded positions loaded in at the $1250.00 level, with everybody else paid whatever a paltry sums are left over.
Once Profit Alliance Club recruitment dies down, the scheme collapses and the main stream investors take a loss.
Aaron and Shara What Do You Suggest?
That being said, if you have never marketed online or offline before, finding people could be very difficult for you.
We also think the startup cost of $100-$999 is pretty steep.
We know when we first started trying to make money online, we failed miserably and we had no idea how to recruit.
That is why, we first started out by learning how to become a good marketers.
If you don’t want to be in a business that costs $199-999 to start and requires you to host home parties or call all your friends and family to buy your stuff no worries.
We have the perfect business for you where you don’t have to recruit, you don’t have to own any product and oh did we mention it’s ONLY $3 to start!!!
The main reason for it is you will learn step by step on how to build a profitable business online and they even cover you for products so you don’t have to create anything yourself…
You will also get a one on one business coach to help you every step of the way.
Anyways, we hope you enjoyed the Review. Please comment below if you are part of this company as our readers would love to know how you are doing.
Also, if there are any products or companies out there you want us to review please let us know!
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