Is Profit Connect a Scam? It’s a Rebooted Investment Ponzi Scheme!

Profit Connect is a MLM or multi-level marketing company that promises a fixed ROI for a period of time. 

You make money by building a downline team and making money off of their investment, or at least this is what it says on paper. 

They have no information as to who owns the company on their website. They market their company as a “leading Supercomputer / Artificial Intelligence Software company located in Las Vegas, Nevada” 

Their marketing videos is hosted by someone named Eddie Kona. Kona is a real person and first appeared on our radar when he was promoting a company called iMarketsLive, a Ponzi scheme that got shut down by the FTC. 

Kona’s LinkedIn lists him currently residing in Las Vegas, Nevada. His Twitter lists him as the CEO and founder of profit connect. 

Needless to say he’s the face and brains behind this operation.

Profit Connect Product Line

Profit Connect markets what they call “Wealth Builder” investment plans with a “locked in” annual percentage. 

1. Wealth Builder (investment amount not disclosed) – 15% APR
2. Wealth Builder Youth (invest $500 to $30,000) – 20% APR
3. Wealth Builder Unlimited (invest $1000 to $1,000,000) – 20% APR
4. Wealth Builder Home Equity (invest $30,000 to $1,000,000, 50% USD and 50% home equity lien) – 20% APR
5. Wealth Builder VIP (invest $250,000) – 30% APR

And yes, the more money you invest, the more money you make. They accept investments via cash, check, or Bitcoin.

Does The Product Work?

At the core of their business is their passive annual returns, which constitutes a securities offering. And neither Kona nor Profit Connect are registered with the SEC. This means that they’re committing securities fraud. 

If you’re promoting this program and you made money off of your members, you’re also liable for securities fraud. 

They mention in their marketing video that they report federally but they are not registered with the SEC. So who are they even reporting to? 

Their AI software is categorized as a NAICS: 541511 with a wealth services subsidiary focusing on proprietary AI on finance and currency. 

But what is the NAICS? 

NAICS stands for North American Industry Classification System, a standard used by Federal Statistical agencies in classifying business establishments for the purpose of collecting and analyzing statistical data for the US economy. 

This has nothing to do with securities regulations or registration with any financial regulatory agency. 

There’s no proof here that they’re generating ROI based on their system or any other form of investment. That means their only source of income is through new member investment, which comes from recruiting people. 

That makes them a Ponzi scheme.

There’s only one way to make money from Profit Connect and that’s through recruitment. They’re a Ponzi scheme so there’s nothing valuable here. 

How To Get Started with Profit Connect?

Profit Connect ties in their investment plan on top of their membership packages, which is available in three price tiers:

Bronze – $49 a month

Silver – $259 a month

Gold – $499 a month

The difference between these memberships is the marketing materials. You also get $50 and $200 worth into Wealth Builder accounts for Silver and Gold tiers respectively. 

Profit Connect Compensation Plan

Profit Connect’s compensation plan is pretty straightforward. 

They pay out a recruitment commission following a unilevel compensation structure. 

This structure puts you at the top of the team. Your direct and personal recruits are placed under you and marked as your Level 1. 

When your Level 1 members recruit people, they’re immediately placed under them and become their Level 1 members. Consequently, they become your Level 2 members. 

And this goes on and on for infinite levels.

You earn a commission based on the investments made per level.

The lower the levels, the lower the commission rates.

#1 Ponzi Scheme

Profit Connect is a Ponzi scheme, and there’s no denying that. If someone tells you that they’re not, link them the guidelines from the FTC and SEC on MLM companies. 

Their source of income comes from recruitment, which to me is the biggest red flag of them all. Coincidentally, this is also the red flag that the SEC and FTC want you to keep an eye on for Ponzi schemes. 

#2 Securities Fraud

They’re not registered with any financial regulatory agencies in the USA or anywhere in the world. They’re supposed to be registered because they offer passive income and securities offering. 

These transactions are sensitive in nature so they’d have to be regulated. Unfortunately, Profit Connect is not registered.

There’s nothing to like about Profit Connect. It’s just one big Ponzi scheme and they’re up to no good.

Profit Connect is a Ponzi scheme and there’s no other way around it. All the big red flags of a Ponzi scheme are right there on their marketing videos and compensation plan. 

They are not registered with any regulatory agency so they’re also committing securities fraud on top of operating a Ponzi scheme. Kind of like a double whammy for lawsuits now. 

If you make money 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 could happen to you if you join this program and make money off of people.

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...