On its website, The Income Rocket fails to give ownership or executive information.
The website domain (“theincrocket.com”) for The Income Rocket was privately registered on August 8, 2022.
If we examine the source code of The Income Rocket’s website, we can find that the template was taken from the domain “surielementor.com.”
This indicates that The Income Rocket’s website design is a $30 template.
In the review’s conclusion, we will discuss why this is significant.
The Income Rocket is administered using a dubious Telegram group:
If an MLM firm is not transparent about who runs or controls it, you should always think twice before joining and/or contributing money.
The Income Rocket’s Merchandise
The Income Rocket does not provide any items or services for sale.
Affiliates may only promote The Income Rocket’s affiliate membership.
Affiliation with Income Rocket grants access to an internal advertising platform.
The Income Rocket’s Payout Structure
Affiliates of Income Rocket acquire $12 matrix cycler positions.
The cycler of the Income Rocket is a 2 by 3 matrix.
A 23 matrix places an affiliate at the top, followed by two spots right below:
These two places comprise the matrix’s initial level.
The second level of the matrix is formed by dividing each of the initial two positions into two additional positions (4 positions).
The third level of the matrix is formed in the same way (eight places), resulting in a total of fourteen empty positions.
Matrix positions are filled through direct and indirect recruitment. Affiliates of Income Rocket also acquire positions.
The cycler of the Income Rocket has six levels.
New Affiliates of Income Rocket pay $12, of which $10 is utilized to support a tier 1 post.
When a tier 1 matrix is filled, a $40 commission is paid out, a new tier 1 slot is established, and the affiliate “cycles” into tier 2.
Payments throughout all six cycler stages of The Income Rockets are as follows:
Tier 1 (positions cost $12) – $40 commission, generates a new Tier 1 position and a new Tier 2 position, Tier 2 – $120 commission, and generates a new Tier 3 position, Tier 3 – $400 commission, generates five new Tier 1 position and a new Tier 4 position, Tier 4 – $1520 commission, generates forty new Tier 1 position and a new Tier 5 position, Tier 5 – $4800 commission, and generates one hundred new Tier 1 position and a new
Joining The Profit Skyrocket
Affiliate participation in Income Rocket is contingent on the purchase of matrix cycler slots.
The Income Rocket invites affiliates who sign up to spend up to $1200 on positions:
The Income Rocket solicits tron, tether, and bitcoin investments.
The Profit Explosion Conclusion
Income Rocket is a straightforward matrix cycler Ponzi scheme.
The recruitment of new affiliates who invest in $10 cycler roles. This is done with the expectation of a theoretical return of $86,880.
I say theoretical because arithmetic assures that only The Income Rocket’s owner and early investors will get close to that amount.
A whole $86,880 ROI payment drains $10 from 8688 spots. The identical position rotating through all six layers yields 146 new positions in tier 1.
This alone increases the ROI liabilities by $12,684,480 (1,268,448 $10 positions to liquidate).
Remember that this position is worth $10. You don’t even need to count five spots to see that The Rocket Income’s logic rapidly becomes absurd.
The Income Rocket’s administration and early investors pocket the majority of invested monies for two reasons:
They hold the first places in the system. Thus, they cycle through the top echelons first, flooding the system with newly generated positions.
Monies are sent to the upper layers, combining invested funds with rewards from positions that cycled earlier.
The owner of The Income Rocket receives an additional $2 for every $10 stake invested.
According to the SEC, The Income Rocket’s advertising pseudo-compliance does not legalize fraud.
The NFT is yet another source of income for The Income Rocket’s administrator. Finding suckers to sell them to is what makes NFTs appealing to creators, who then find suckers to sell them to, etc.
The creator receives a percentage of each sale. The admin will be the inventor of the NFTs, even though they’ve likely outsourced shoddy designs such as The Income Rocket’s website template.
In the off event that The Income Rocket NFT is sold, the company’s owner would gain the most.
In conclusion, the NFT aspect of The Income Rocket is unrelated to its cycler opportunity.
It exists because the administrator of The Income Rocket is a crypto enthusiast who jumped on a defunct trend bandwagon.
As with other MLM cycler Ponzi schemes, The Income Rocket’s momentum will ultimately stagnate as affiliate recruitment dries up.
Once a sufficient number of matrices stall, an irreversible collapse is initiated.
This traps unwithdrawn funds in the system (i.e., the administrator retains the funds), resulting in the majority of participants losing money.
Jojar Dhinsa & CashFX Group – Crook Review
Jojar Dhinsa has officially denied using the CashFX Group Ponzi scheme to defraud individuals.
Dhinsa appeared on NTV Unscripted on August 19th, according to Harry Page of the Facebook group “CashFX (in connection with EverFX) Scam – Now What!?”
NTV bills itself as “Bangladesh’s top TV channel.” It is televised locally throughout the United Kingdom and Europe.
Rather of admitting to promoting a Ponzi scheme for profit, Dhinsa claims he never cheated anyone.
They’ve basically made stuff up about getting jailed for fraud or defrauding others, according to web reports.
I wish I had scammed folks so there would be some evidence.
Unfortunately for Dhinsa, finding the proof he says does not exist is not difficult.
Dhinsa went on to talk about defrauding individuals through CashFX Group after denying he had defrauded anyone.
I became acquainted with CashFX, a cryptocurrency multi-marketing firm, two years ago (Group).
I did some research. I felt I was assisting them, and I did assist them. I made some money but didn’t get involved all that much.
In retrospect, I should not have gotten engaged. I do not support them. I don’t recommend that folks look at them.
However, conduct your own research. Conduct your own research. And I finished my… a bit of a haphazard approach Which is not typical of me.
Dhinsa refuses to accept his victims or the fact that CashFX Group is a Ponzi scheme in which the only way to gain money is to defraud others.
Dhinsa sung a drastically different song when he joined CashFX Group in 2020 and was particularly challenged about his due-diligence into the Ponzi scam;
So the first thing that everyone does, including myself, is go online and Google it, and there was a lot of information on CFX. This, that, and the other fraud alert(s).
But then you have to take a step back and assess who is saying those things. Right?
Wrong. Your MLM due diligence on CashFX Group begins and finishes with “this is a Ponzi scam with fraud alarms from all around the world.”
It makes no difference who tells you this since you can independently check and corroborate the information.
But, of course, this was before Dhina discovered there was money to be stolen.
And they read the comments, and there were people saying, you know, it’s a scam, it’s this, it’s a Ponzi scheme, it’s a pyramid system.
Surprise, surprise, every organization on the earth, including mine, is a pyramid.
This is a classic diversion tactic used by pyramid scheme scammers. It is often built on a CEO sitting at the top of a diagram of management and staff in the shape of a pyramid.
I’m at the top. I have a Board of Directors, a management team, HR, a Head of Department, salesmen, and sales representatives. As a result, every institution, including the Royal Family and the British Army, is a pyramid system. So that’s not a problem.
The parallel fails because the movement of money inside a pyramid scheme, as well as the manner in which the money is created, is what makes it unlawful.
Nothing is offered or sold to retail customers by CashFX Group. Thus, CashFX Group’s MLM side acts very much like a pyramid scam (commissions are paid on new investor recruitment, which are sent upline to recruiters and the company’s owners).
The question I asked myself was, “Is it a Ponzi scheme?” and, “How do I know it’s not a Ponzi scheme?”
Because I read that it’s a Ponzi scam. You don’t make money from Ponzi schemes, and blah yada yada.
So I read the reviews. I distributed it internally to my team for review. Then I decided to contact someone in Panama, most likely from one of Panama’s wealthiest families.
“Would you mind coming to the offices for me and taking some shots of everything?” I asked Niko.
And he went… He made new friends there. “Look, they’re redoing the offices,” he added… “Fine, thank you very much,” I said.
We examined the system’s back end, the CRM system. It appears to be OK.
Dhinsa claims he sought “everyone” who approached him about his CashFX Group involvement for proof that CashFX Group was a Ponzi scam.
In July 2019, BehindMLM presented proof that CashFX Group was a Ponzi scam.
Dhinsa makes no mention of this evidence or why he overlooked it. Likewise, CashFX has gotten several securities fraud alerts from regulators all around the world by that point.
Because my reputation is very important to me.
Dhinsa ruined his reputation by joining, promoting, and eventually benefitting from CashFX Group.
Dhinsa’s advertising of CashFX Group was very shady. Dhina targeted the homeless in the UK, stating that by hiring them for CashFX Group, he would “affect 1 million lives.”
Dhinsa’s Ponzi marketing legacy was followed by other CashFX Group crooks.
I’m not sure when Dhinsa quit CashFX Group. When the money ran out, he slunk away silently.
In early 2020, CashFX Group began postponing withdrawal payments. Delays continued for the following year and a half, eventually leading to CashFX Group suspending withdrawals in late 2021.
BehindMLM identifies this as the demise of CashFX Group.
Huascar Lopez, CashFX Group’s founder and CEO, will leave the Dominican Republic in late 2021. What began as a vacation to Italy has now revealed itself to be the beginnings of an exit-scam.
Lopez has not been seen in public for some months. His present whereabouts and condition are unknown.
BitClub Network – Crook Review Part 2
Jobadiah Weeks, Silviu Balaci, and Joe Abel of the BitClub Network are slated to be sentenced in March 2023.
The following sentences were postponed for the trio on August 12th:
Jobadiah Sinclair Weeks is scheduled to be sentenced on March 14, 2023.
Silviu Catalin Balaci will be punished on March 16, 2023, and Joseph Frank Abel on March 21, 2023.
All three are anticipated, but not assured, to serve time in jail.
For the time being, BitClub Network defendant Matt Goettsche is defending the criminal allegations leveled against him. His lawsuit has been adjourned until October 2022.
Russ Medlin, the defendant, is imprisoned in Indonesia for child sex offences.
In related news, Weeks (right) filed on August 8th to have his house confinement converted to curfew.
We sincerely request that Mr. Weeks’ bail restrictions be changed from home confinement to a curfew in order for him to attend family events and visit family-owned properties in Colorado.
The Pretrial Services Officer has advised us that they are open to this revision in light of Mr. Weeks’ general compliance with his release restrictions.
The United States defers to Pretrial Service’s viewpoint, as represented by Assistant United States Attorney Anthony Torntore.
Weeks first believed he could pull a fast one while under custody. Weeks seemed to have accepted his fate and settled down, according to PreTrial Services’ evaluation.
On August 15th, Weeks’ application for a curfew adjustment was approved.
Eric Dalius & Saivian & SEC- Crook Review
Eric J. Dalius secured an agreement with the SEC over Saivian securities fraud.
The news comes after the Saivian defendants reopened discussions with the SEC in June.
According to a Joint Stipulation filed on August 9th;
On August 5, 2022, the Parties held a telephone settlement conference… during which the SEC and the Defendants other than Defendant Ryan Morgan Evans reached an agreement in principle.
Other defendants in the SEC’s Saivian Ponzi case besides Ryan Evans include Eric J. Dalius, Professional Realty Enterprises, Inc., Saivian LLC, Savings Network App LLC, and Realty Share Network LLC.
Details about Dalius’ Saivian colony are likely to be released in the coming months.
In 2015, BehindMLM recognized Saivian as a Ponzi scam. In 2018, the SEC launched a lawsuit against Saivian, alleging that Dalius and Evans conducted a $165 million Ponzi scheme.
While Saivian’s demise signaled the end of Dalius’ Ponzi scheme, Evans doubled down on Elamant.
Elamant is essentially a Saivian clone targeted especially towards African investors.
Despite facing a $100 million securities fraud case in the United States, Morgan continues to perpetrate securities fraud through Elamant.
So yet, US officials have not pursued Morgan for continuing to scam people with Elamant. It remains to be seen if this will alter.
According to SimilarWeb traffic statistics for Elamant’s website, investor recruiting has ceased.
In the event that Ryan Evans does not reach an agreement with the SEC, his Saivian securities fraud trial has been rescheduled for June 6th, 2023.
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