Profitable Morrows operates in the financial MLM niche and claims to be based out of Australia.
An address in Canberra, Australia is provided on the Profitable Morrows website.
Further research however reveals the address actually belongs to Servcorp, a virtual office space provider.
Elsewhere on the Profitable Morrows website the company claims to be “officially registered in Australia”.
A search on the ASIC website reveals Profitable Morrows Pty Ltd was registered with ASIC on July 15th, 2017.
Listed as CEO of the company on the Profitable Morrows website is “Aaron Cooper”.
Cooper is represented by a generic stock image of a white guy in a tie and an equally generic paragraph riddled with finance-speak cliches.
Given the lack of independent information about Cooper in relation to Profitable Morrows, it’s assumed he doesn’t actually exist. At least not as represented by Profitable Morrows.
The Profitable Morrows website domain (“profitablemorrows.com”) was privately registered on June 6th, 2017.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Profitable Morrows Products
Profitable Morrows has no retailable products or services, with affiliates only able to market Profitable Morrows affiliate membership itself.
The Profitable Morrows Compensation Plan
Profitable Morrows affiliates invest bitcoin on the promise of an advertised “daily” or “fixed plan” ROI:
- Daily Plan – invest a minimum $25 or 0.005 BTC and receive a 4.5% daily ROI for 34 days (153% ROI)
- Fixed Plan – invest a minimum $25 or 0.005 BTC and receive a 112% ROI after 12 days
Referral commissions are paid on invested funds down three levels of recruitment:
- level 1 (personally recruited affiliates) – 10%
- levels 2 and 3 – 1%
A Profitable Morrows affiliate can increase referral commission rates by qualifying as a “Representative”.
Representative affiliates earn
- 15% on level 1
- 2% on level 2 and
- 1% on level 3
Profitable Morrows do not provide Representative qualification criteria on their website.
Joining Profitable Morrows
Profitable Morrows affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Profitable Morrows MLM opportunity requires a minimum $25 or 0.005 BTC investment.
Profitable Morrows describe themselves as a “private investment and wealth management company”.
The company claims its Australian incorporation gives it
strategic advantages in the form of flexibility, transaction speed, and limited regulation.
Why would a legitimate company required limited regulation?
They wouldn’t. For scammers in Asia however, Australia and New Zealand are well-regarded for their lack of regulatory scrutiny and relative sluggishness to react to scams (if at all).
Profitable Morrows claims to generate external ROI revenue through a “financial portfolio”.
Our financial portfolio is backed by an active pool of profits realized from a strategic assortment of high-yield assets located in key positions throughout the world.
Like CEO Aaron Cooper, no information about Profitable Morrows’ financial portfolio is provided.
Surely a financial portfolio able to consistently generate a 112% ROI every 12 days would warrant worldwide attention?
Why is it being shilled via a generic HYIP website and being represented by a virtual office in Australia and white guy in a tie stock image?
The reality of Profitable Morrows is that the only verifiable source of revenue entering Profitable Morrows is newly invested funds.
Using newly invested funds to pay existing investor a daily or fixed ROI would make Profitable Morrows a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment slows down so too will new investment.
This will starve Profitable Morrows of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of affiliates lose money.