RamCredit fails to supply possession or government data on its web site.
RamCredit’s web site area (“ramcredit.com”), was first registered in 2013. The non-public registration was final up to date on Could twentieth, 2023.
RamCredit’s web site seems to have gone dwell a couple of months after the area was acquired in Could 2023.
Regardless of solely current for a yr or so at greatest, on its web site RamCredit falsely claims it was “established in 2013”.
In try to look legit, RamCredit supplies a company deal with within the US on its web site. The deal with factors to random workplace area in Arizona that, so far as I can inform, has nothing to do with RamCredit.
As all the time, if an MLM firm is just not brazenly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
RamCredit’s Merchandise
RamCredit has no retailable services or products.
Associates are solely in a position to market RamCredit affiliate membership itself.
RamCredit’s Compensation Plan
RamCredit associates make investments funds on the promise of passive returns:
- Voyager Progress – make investments $100 or extra and obtain 0.71% a day for 7 months or 0.86% a day for 9 months
- Annuity Program – make investments $5000 or extra and obtain 2.1% a day for 20 months
- Blue Chip Fund – make investments $10,000 or extra and obtain 0.91% a day for 7 months or 1.1% a day for 9 months
- Legacy Bonds – make investments $50,000 or extra and obtain 1.12% a day for 7 months or 1.27% a day for 9 months
- Dynamic Yield Fund – make investments $200,000 or extra and obtain 1.3% a day for 7 months or 1.5% a day for 9 months
The MLM aspect of RamCredit pays on recruitment of affiliate traders.
Referral Commissions
RamCredit pays referral commissions on invested funds down two ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 10%
- stage 2 – 5%
Referral Fee Bonus
RamCredit rewards associates for reaching referral fee milestones:
- earn $10,000 in referral commissions and obtain a $5000 funded Annuity Program funding place
- earn $25,000 in referral commissions and obtain a $12,500 funded Annuity Program funding place
- earn $50,000 in referral commissions and obtain a $25,000 funded Annuity Program funding place
- earn $100,000 in referral commissions and obtain a $50,000 funded Annuity Program funding place
- earn $500,000 in referral commissions and obtain a $250,000 funded Annuity Program funding place
- earn $1,000,000 in referral commissions and obtain a $500,000 funded Annuity Program funding place
Becoming a member of RamCredit
RamCredit affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $100 funding.
RamCredit Conclusion
RamCredit is your typical generic finance template Ponzi scheme.
Along with mendacity concerning the basis of the corporate, RamCredit’s web site presents itself as a generic finance themed template.
By means of the source-code we will see RamCredit’s web site was auto-generated via WebFlow:
Webflow markets a service that enables customers to “construct with the ability of code with out writing any”.
RamCredit’s auto-generated web site is populated with copious quantities of generic finance jargon. The jargon is accompanied by a plethora of inventory and/or stolen photos.
As a passive returns funding scheme, RamCredit is required to register itself with monetary regulators. RamCredit fails to supply proof it has registered with any monetary regulators.
Thus, at a minimal, RamCredit is committing securities fraud.
Because it stands the one verifiable income coming into RamCredit is new funding.
Utilizing new funding to pay ROI withdrawals would make RamCredit a Ponzi scheme. Moreover with nothing marketed or bought to retail prospects, the MLM aspect of RamCredit operates as a pyramid scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve RamCredit of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of members lose cash.