What Is Fivebuckx.com and How You ‘Could’ Become a Millionaire!
Fivebuckx.com is being promoted on Facebook as a way to get high ROI for little investment. I will answer fully What Is Fivebuckx.com, is Fivebuckx real and legit or just another ponzi/pyramid scam where the few will benefit and the rest left wondering where the site has gone to! Since it is also a Cash Gifting Scheme, which is illegal as well, we can see this website is breaking the law 3 fold over, hence, is another SCAM to avoid.
I will detail investment level, work and rewards, the pitfalls and the inevitable end to such an online scam for the majority of their participants. I will also detail ‘SIGNS‘ that tell me they are a real and dangerous scam.
You can gamble with Five Buckx if you want to, however if you don’t want to gamble but find a real and sustainable way to earn money online legally, then you may wish to read my review into Wealthy Affiliate >HERE<. Alternatively, you can sign up >HERE< to have a look around and ask some questions.
What Is Fivebuckx.com with Pay-In and Work Details.
Before I answer questions like what is Fivebuckx.com, I always try to find out who the owners are, and proceed. In terms of online credentials they do have an address, which maybe real or not, with an expiration date set in August 2018. However, no contact details and no founder name which are bad signs and indicative of an online deceptive site.
Fivebuckx.com is a business model that is completely dependent on getting new members into their illegal business venture. With every wave of new members then new money is given spread to those older members who already donated/invested/cash gifted other members. Now where is the member going to come from to pay the last lot of investors? The pattern just repeats itself.
I will layout the Investment Levels and their Compensation Plan below:-
- Upon signing up you have six hours to pay your up line. Your up line is simply your referrer, but since it is the ‘SYSTEM‘ that assigns you to such a person, we will just call them your up line. The system will now match four people to you whom pay you NGN (Nigerian Naira) 500 -what you have to pay ($1.39). Very low buy-in.
- Level 2 requires you to pay your up line NGN1500 ($4.16) whereupon you will receive the same amount from 16 other people who are matched to you. That is NGN24,000 EQUATING to$66.48. Not exactly high stakes poker here, but still, many will lose initial investments anyways. I will explain soon why.
That is all the levels they have. Once you complete Level 2 by cashing out, if you are allowed to that is, you can start over in the hopes of repeating your success.
I do believe it is deliberately made to be so affordable so to entice huge numbers of people to rip off!
Let us now get into the Pitfalls of this venture below.
Pitfalls of this Online Misadventure.
I have already alluded to the fact such a venture requires new money to keep on going. So, when they can not find anymore new members, obviously – like all ponzi/pyramid/cash gifting schemes, they will collapse! What does this mean for new and older members as well?
For the ones signed up, well, you have no chance of a return. That money you just paid, is now going to the older members, with the majority of the cut, going to the Founder(s). However, there is also a ‘catch’ for older members as well! The longer the site is around, the broader the downward scale of their pyramid matrix becomes, the less likely many to older sign ups will receive anything.
Payments at these levels become ‘spotty’ at best to prove to the masses they are still operating and paying. This, I believe is only to give them down to shut down current site, and time, to start up a new one. This is the reason, right up to the bitter end of such a scheme, why some members will come to sites like mine and say it is still operating – and I am talking ‘rubbish’.
CAUTION:- It is a widely known fact, for people who expose online scams like myself, to know the founder of such schemes will set up a fantastical amount FAKE MEMBER ACCOUNTS!!! These fake accounts will masquerade as real people to receive donations from people like yourself. Thus, all along we now see, most of the money was going to the top levels and founder!! I am not saying Five Buckx was doing this, I have no way of knowing that for certain, but it is common practice.
I will now TEAR APART their ‘invitational’ propaganda on their site per their words below.
Signs of an Online Scam
Sign 1 of a Scam:- They speak in a manner is over concerned about the financial plight of the people. No professional site behaves in such a manipulating manner. I have ‘dubbed’ SCAMMERSPEAK – #scammerspeak on twitter to make it go viral and expose such people.
Sign 2 of a Scam:- Grammatical nightmares strewn all over their site.
Sign 3 of a Scam:- No Live Chat.
Sign 4 of a Scam:- No contact details.
Sign 5 of a Scam:- Exaggerations of the truth! They say they can make you a millionaire in their fancy image slideshow. However, we already seen what they say you can earn, thus, that is not getting anywhere close to millions. The site would already be gone before you even saw any signs of getting that close.
Sign 6 of a Scam:- PONZI/PYRAMID/CASH GIFTING SCHEME! That is 3 signs, but, I will count it as one.
Sign 7 of a Scam:- Image of a person hold hand full of money! Classic sign of scam enticement.
Sign 8 of a Scam:- Fake email on their site!
Sign 9 of a Scam:- Your account is deleted if you do not pay up upon arrival.
Sign 10 of a Scam:- You account is deleted if you do not upgrade to Level 2 within six hours of paying Level 1. 12 hours to pay up in total. Total Scam!!!
Sign 11 of a Scam:- Fake testimonials.
Sign 12 of a Scam:- Zero payment proofs.
Sign 13 of a Scam:- Zero earnings disclaimer.
Sign 15 of a Scam:- No Terms and Conditions.
Sign 16 of a Scam:- People in the pictures are not a part of their online operation and sourced from Internet archived images.
Have I missed anything out? Please let me know in the comment box below – Thank You 🙂 .
RECAP:- You will not get RICH despite their claims you will. Overtones of fake sincerity and concern for others financial successes = #scammerspeak. Abundant scam signs on their site. Missing vital sections of their site e.g. TOS. Dependent on new members to pay older sign ups – their Achilles heel. Will collapse without forewarning leaving most without ROI despite sincere investors!
I will now deliver my rating, for which, I believe these guys have worked very hard to achieve.
SCAM RATING:- 0/100%! NO TRUST FOR THESE GUYS!
HAVE YOUR SAY!
You are most welcome to leave your opinions and experiences below regarding what I have written above. Did you sign up and did you get an excellent return? We definitely need to hear from you to have a balanced article here. However, are you missing our returns despite investment? Please let everyone know below to help further elaborate if they are a wise work from opportunity or not. They claim you can be paid within six hours. Was this true per your experience? I have said much regarding What Is Fivebuckx.com, and should you still wish to join them, then I really do wish you well. All shares are vitally important to getting such information out ‘there’ online and would appreciate as such 🙂 . Consider subbing to my sites newsletter to keep up to date with current online scams. Thank you for reading my post and I am looking forward to all of your comments. Take care for now 🙂 .