Richmond Berks Review – Legit Business or Another Scam?
Welcome to my Richmond Berks Review!
With so many new MLM companies launching practically every day, it can be hard to know which ones are legit and which ones aren’t.
One of the best ways to ensure that you are making the right choice it to thoroughly research the company before joining.
In my review I will go over the company background, the products and the compensation plan.
So let’s get right to it!
Richmond Berks Review – The Company
So the first piece of information I found was that Richmond Berks says they are an
international company that traces its history back to 2008.
Two young businessmen John Richmond and Klint Berks met at an auction, fighting over one and the same lot.
One year later together with two other brokers they founded a company that specialized in purchase of real estate at auctions and its further resale at the secondary market.
In 2016 due to the conflict of interests, Richmond and Berks sold their company shares and founded a new corporation – Richmond Berks.
This statement lines up with the registration of the Richmond Berks website on the 29th of September, 2016.
One thing I couldn’t find was any real information about John Richmond or Klint Berks before the launch of Richmond Berks.
There are no biographies for either men on the company website and the website domain was anonymously registered.
Richmond Berks Reviews – The Products
Richmond Berks does not offer any retail products or services.
Affiliates who sign up for Richmond Berks can only market and sell the affiliate membership.
The Richmond Berks Compensation Plan
Affiliates who want to participate in the Richmond Berks compensation plan must invest money in something called “Richmond Berks Dollars” (RBD).
It is an internal currency that is used by this company and holds no value outside of the company.
Richmond Berks offers 1.4% daily ROI on these RBD points with RBD points (0.7% on weekends).
Affiliates who want to make withdrawals can do so in USD, however Richmond Berks keeps 50% of each withdrawal request.
There are also rewards that affiliates can earn with this company by completing certain activities.
The Richmond Berks Bonus points come with a daily 0.05% ROI, which work the same as RBD points.
Money that is invested by down-line affiliates come with referral commissions that are paid out down 2 levels of recruitment through a uni-level structure:
- Level 1 (Personally sponsored members) – 10%
- Level 2 – 5%
Cost To Join Richmond Berks
The cost to join Richmond Berks as an affiliate is free, but in order to participate in the compensation plan, affiliates are required to invest in Richmond Berks Dollars.
The moment you have been waiting for in this Richmond Berks review…
Verdict On Richmond Berks
On the Richmond Berks website, they claim they make money by flipping real estate.
The problem is I can’t find ANY information on the owners other than the name and even the domain registration was set to private…
They claim they have employees on their website and shows a list, but they are fake pictures…
They are not registered with the SEC even though they are claiming you will earn ROI’s…
The only thing I see here to produce ROI’s is newly sponsored members paying off existing members…
This in turn is a ponzi scheme…
Unless they can PROVE external income sources funding those ROI’s…
Anyway, I hope you enjoyed my Richmond Berks review and if you have any questions leave them in the comments below…
If you already joined Richmond Berks, this still applies to you because you should never put all your eggs in one basket…
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