Crypto15 Review – Legit Business or Big Scam? Find Out Here…
Welcome to my Crypto15 Review!
I have been hearing some buzz about this business for a while now so I decided to investigate what it is all about…
There are a lot of rumors out there positive and negative but I am here to put them all the rest today for you guys.
In this review, I will be walking you through the company, the products and compensation plan so you can make the right decision…
Remember to pay close attention to this blog post and take down some notes…
It can be the difference between making the right decision or wrong.
Alright first things first, let’s take a look at the company.
Crypto15 Review – The Company
Some deep internet searching revealed that the Crypto15 website domain was registered as crypto15.com on the 4th of August.
And the genius behind it all?
First appearing as the admin of Cloud 2×2 cycler Ponzi back in 2012, Hirsch reemerged a year later as the co-founder of Rocket Cash Cycler which, surprise surprise, was another Ponzi scheme.
Are you seeing a trend here?
But that wasn’t the end of Rocket Cash Cycler…
He relaunched it in 2014, only for it to collapse again.
Once again, Hirsch launched a business, this time the BitCoin Cycler, which focused on combining the same cycler Ponzi model with bitcoin…
A few months later, a collapse.
For the next two years, Hirsch started and failed at two more businesses, My Ad Cubes and
Real Destinations International.
The latter company is really what got Hirsch into some hot water, resulting in his arrest in Georgia in February of this year.
He was charged with and found guilty of fleeing/attempting to elude DUI, reckless driving and six counts of terroristic threats.
To clarify, the terrorist threats stemmed from threats to harm law enforcement officers during his arrest.
He did eventually leave the rehabilitation facility he was sentenced to and failed to return and is now believed to be in Panama.
It is believed that he was found by local authorities, but ever since his subsequent return to social media in June, it is unclear what exactly happened.
Wow, a man with that colorful of a past sure does raise some eyebrows.
Crypto15 Reviews – The Products
Crypto15 has no retail products or services for affiliates to purchase or sell, however affiliates can promote the affiliate membership.
The Crypto15 Compensation Plan
The whole business runs on the idea that Crypto15 affiliates invest $50 or more worth of bitcoin for 150% ROI.
At the current time, the affiliate backoffice advises an “estimated maturity time” of 60 days.
Residual commission on Crypto15 investment is paid out through a unilevel compensation structure capped off at 15 levels.
Residual commissions are paid out as a percentage the money invested across these 15 levels as outlined below:
- Level 1 (personally sponsored affiliates) – 10%
- Levels 2 and 3 – 5%
- Level 4 – 3%
- Level 5 – 2%
- Levels 6 to 15 – 1%
Cost to Join Crypto15
The cost to join Crypto15 free.
Maximum income opportunity is based on full participation in the Crypto15 business opportunity which requires a minimum $50 investment in bitcoin.
Verdict on Crypto15
Where to start with this tornado…
Crypto15 claims to generate external ROI revenue through “professional traders, Power Node mining pools, and early participation in ICO’s”.
But let me be clear here. There is NO evidence of any external ROI activity provided.
And beyond that, it seems that a single glance at the company FAQs reveals that it treads into Ponzi scheme territory.
Don’t believe me? Look at this excerpt taken directly from their website:
“If I choose to quit using your services after I’ve made a purchase, can I get a refund?
- No refunds, because all revenues are already shared with all active members and commissions paid to your referring sponsor.”
Recycling new investment revenue to pay off existing affiliates makes Crypto15 a Ponzi scheme.
Yet Hirsch seems adamant in denying this, as proven with this excerpt:
“Is Crypto15 a hyip, ponzi, pyramid scheme, or illegal?
No, this is not an investment site nor is it illegal in any way, shape, or form.
We sell advertising services and digital products.
Crypto15 offers a lot of advertising services of the highest possible quality within the site and also outside of the site through our network of advertising partners.”
The SEC already addressed this in 2016… once revenue slows down because of a lack of affiliates, so will this business.
As did all of Hirsch’s previous start-ups.
I hope you enjoyed my Crypto15 review and if you have any questions, feel free to ask anytime…
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