Welcome to my overview of profit connect.
Chances have you been have heard people talk about this profit connect company. Some say it is really a legit company where you are able to earn; others argue it is not genuine. I understand it may lead to confusion about whether that's right or wrong. If you should be looking for answers to those questions, you attended to the best place. Here, I can tell you all you have to know under this profit connect review article.
The key purpose of this article is to provide an insight, honest review and not to promote about profit connect anyway. I will soon be digging deeper to get you to understand if profit connects legit or not. I'll get you through who're the founders of the business, their products, compensation plan, and the fee to become listed on the company. Besides, I'll tell you other insights useful to understand what the business wants you to learn about them. Thus stick with me and read this article before the end.
What Is Profit Connect?
Profit Connect Wealth Services seems to become a product offering of Profit Connect. It denies that it's offering financial or banking products and therefore, doesn't concur with the term ‘investment '. On its website, The company claims that it's working with AI supercomputers, blockchain, stock, and forex trading.
The parent company, Profit Connect , was founded by Eddie Kona. Its primary area of interest is in Supercomputer Ai. It's leveraging the ability of two supercomputers to potentially venture into different regions of interest. One of them is Wealth Services, which can be what this article is all about.
At a glance, Eddie Kona seems legit with an active Linked In profile. Being an owner of a cutting-edge supercomputing company doesn't appear to be a scam either. But what Profit Connect offers in its Wealth Services does indeed raise red flags.
Profit Connect's Compensation Plan
Profit Connect pays a 20% commission on funds invested by retail investors and recruited affiliates.
Profit Connect pays residual commissions using a unilevel compensation structure.
If any level 1 affiliates recruit new affiliates, they're added to level 2 of the initial affiliate's unilevel team.
If any level 2 affiliates recruit new affiliates, they're added to level 3 and etc and so forth down a theoretical infinite quantity of levels.
Note that retail investors count as level 1 commissionable volume, however retail investors themselves don't earn commissions (the affiliate who referred them does).
Commissions are paid by halving the 20% commission paid out as a recruitment commission, paid up a theoretical infinite quantity of levels.
E.g. You recruit an individual who invests and earn your 20% commission. 50% of one's 20% commission is paid to the affiliate who recruited you.
Is Profit Connect a Scam?
Profit Connect is really a Ponzi scheme and there's no other way around it. All of the big red flags of a Ponzi scheme are right there on the marketing videos and compensation plan.
They're not registered with any regulatory agency so they're also committing securities fraud on top of operating a Ponzi scheme. Kind of like a dual whammy for lawsuits now.
If you generate income off of your recruits, you're also legally liable for the lawsuits. You could be sued. Remember what happened with OneCoin and their members? Yeah, that might happen to you if you join the program and generate income off of people https://scamrisk.com/profit-connect/.
My Final Thoughts
Right now, you understand what is profit connect and ways you are able to earn. It's still my guess you wish to know if profit connects legit or not. After my digging, I could tell the business has well put down ways you can generate, and there is no other hidden information.
Profit Connect Company offers passive annual returns, and you can generate between 15% to 30% after investing. Also, you can generate 20% if you feel an affiliate. Both methods for earning can assist you to earn good money.
The only real concern about profit connect is that the founders have not registered the business with the SEC to legally offer securities. It one issue which raises the alarm despite Eddie's argument they do are accountable to the federal. It's not in my own position to recommend the business while they have to get registered.
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