Billion Greenback Thoughts fails to offer possession or govt data on its web site.
Billion Greenback Thoughts operates from two recognized web site domains:
- billiondollarmind.io – privately registered on June seventeenth, 2024
- billiondollarmind.vip – privately registered on July thirtieth, 2024
Additional analysis reveals official Billion Greenback Thoughts advertising and marketing movies hosted by Tracy Le Mont Silver and John Austin.
Silver, who refers to himself as “The Professor”, made a reputation for himself as a Zeek Rewards net-winner again in 2011. As per filed clawback litigation, Silver stole over one million {dollars} from Zeek victims.
After the SEC shut down Zeek Rewards in 2012, Silver uprooted his household and fled to the Dominican Republic.
There he doubled down on gaining Ponzi notoriety with BitClub Community.
BitClub Community’s co-founders have been criminally charged and arrested in December 2019.
That very same month BehindMLM got here throughout Silver pushing 3 to five Years, a short-lived foreign exchange rip-off.
BehindMLM final got here throughout Silver in 2021, this time selling the collapsed Eclipcity World Ponzi scheme.
John Austin is understood to BehindMLM as co-founder of Free Mart and the Nugen Coin and Nugen Universe Ponzi schemes.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
Billion Greenback Thoughts’s Merchandise
Billion Greenback Thoughts has no retailable services or products.
Associates are solely in a position to market Billion Greenback Thoughts affiliate membership itself.
Billion Greenback Thoughts’s Compensation Plan
Billion Greenback Thoughts associates make gifting funds throughout twelve gifting tiers.
- Plan 10 – $10
- Plan 50 – $50
- Plan 100 – $100
- Plan 250 – $250
- Plan 500 – $500
- Plan 1000 – $1000
- Plan 2500 – $2500
- Plan 5000 – $5000
- Plan 7500 – $7500
- Plan 10000 – $10,000
- Plan 15000 – $15,000
- Plan 20000 – $20,000
These funds qualify Billion Greenback Thoughts associates to obtain a proportion of funds gifted in by personally recruited associates:
- recruit an affiliate who items in at Plan 10 and obtain $8
- recruit an affiliate who items in at Plan 50 and obtain $40
- recruit an affiliate who items in at Plan 100 and obtain $80
- recruit an affiliate who items in at Plan 250 and obtain $200
- recruit an affiliate who items in at Plan 500 and obtain $400
- recruit an affiliate who items in at Plan 1000 and obtain $800
- recruit an affiliate who items in at Plan 2500 and obtain $2000
- recruit an affiliate who items in at Plan 5000 and obtain $4000
- recruit an affiliate who items in at Plan 7500 and obtain $6000
- recruit an affiliate who items in at Plan 10000 and obtain $8000
- recruit an affiliate who items in at Plan 15000 and obtain $12,000
- recruit an affiliate who items in at Plan 20000 and obtain $16,000
The MLM facet of Billion Greenback Thoughts sees gifting funds from the second and fourth recruits on every tier handed upline. Be aware that these could be totally different associates per tier.
Additionally notice that to qualify, the upline affiliate should have gifted in on the relevant tier. If the upline affiliate isn’t certified, the gifting fee is handed as much as the primary certified upline affiliate.
In flip, recruited associates should additionally cross up gifting funds from their second and fourth recruits.
Becoming a member of Billion Greenback Thoughts
Billion Greenback Thoughts affiliate membership is free.
Full participation within the hooked up gifting scheme prices $61,910.
Gifting funds inside Billion Greenback Thoughts are made in cryptocurrency or Zelle.
Billion Greenback Thoughts Conclusion
There’s not a lot to Billion Greenback Thoughts. It’s an unlawful gifting scheme hidden behind typical “donation” terminology.
Reputable donations don’t qualify you to obtain gifting funds from subsequently recruited members in a gifting scheme. These are gifting funds.
You additionally might need seen that solely 80% of deposits into Billion Greenback Thoughts are handed on as gifting funds. You possibly can in all probability determine who retains the remaining 20%.
Along with soliciting gifting funds in crypto, there’s additionally a crypto funneling ingredient on Billion Greenback Thoughts’s again finish.
Within the cited advertising and marketing video Tracy Le Mont Silver states;
Let’s say you’ve gone all over the plans … all of that FLARE that you just’re getting is all aptitude that you just use … spendable money.
However let’s say proper now if FLARE was going for … two cents [and] somebody did a twenty thousand greenback donation that you just have been certified for.
You bought a $16,000 payout. Nicely with aptitude being at two cents that’s eight hundred thousand FLARE.
What’s our imaginative and prescient? BDM… I would like you to have not less than 5 million [FLARE]. 5 to 10 million, you wanna do greater than that go for it.
Versus, this occurring when FLARE’s at, let’s say, two bucks. Eight thousand aptitude. You see the distinction?
FLARE is a publicly traded cryptocurrency. The specifics of Billion Greenback Thoughts funneling gifting members into FLARE is unclear.
Gifting schemes investigated and prosecuted as fraudulent enterprise alternatives by the USPS, FTC and DOJ.
Breaking down regulatory compliance, when you’ve gotten members paying members in MLM you’re operating a gifting scheme.
This enterprise mannequin renders no matter is hooked up to the mannequin, digital advertising and marketing programs on this occasion, irrelevant. Consider it just like the outdated “however now we have merchandise!” pyramid scheme protection.
A current instance of a gifting scheme being taken down by US authorities is Blessings In No Time (BINT).
The FTC filed go well with in opposition to BINT’s co-founders in June 2021. The DOJ adopted up with felony expenses in November 2023.
One other instance is 8 Determine Dream Way of life. Initially taken down by the FTC in 2019, the 8 Determine Dream Way of life defendants settled for $31.9 million in 2020.
The DOJ adopted up with 8 Determine Dream Way of life arrests in January 2024.
One thing else to notice with Billion Greenback Thoughts is T. Le Mont Silver leaning closely into non secular affinity fraud.
As per the FBI;
Monetary fraudsters are recognized to be an unscrupulous lot, however it’s notably loathsome when these white-collar criminals exploit trusting members of their very own church or social circle to line their pockets.
Monetary crimes primarily based on bonds of belief—often called affinity fraud—happen all through the US however are particularly prevalent in Utah, the place members of The Church of Jesus Christ of Latter-day Saints too typically are victimized by savvy fraudsters who declare to be similar to them.
“These are grasping people who will cease at nothing,” stated John Huber, the U.S. Legal professional for the District of Utah, a lifelong resident of the state and member of the Mormon Church.
“What’s so disconcerting is that these criminals method us at church or by way of associations at our work or referrals from buddies. They’re silver-tongued devils—wolves in sheep’s clothes who will take our cash and we’ll by no means see it once more.”
Silver may not be approaching folks at church however the methodology of weaving faith all through his fraud is similar.
As with all MLM gifting schemes, as soon as Billion Greenback Thoughts recruitment dries up so too will gifting funds.
It will finally trigger a collapse, ensuing within the majority of Billion Greenback Thoughts members dropping cash.