Is ProCash a Scam? It’s Another ETH Crypto Ponzi Scheme!

ProCash is marketed as a cryptocurrency investment MLM or multi-level marketing company that trades in ETH and TRX cryptos. 

The program is run and owned by someone named Rolando Mendoza. Of course, this information isn’t available in the landing page itself but rather on the company’s downloadable PDF file. 

His LinkedIn profile shows him based in Lima, Peru but his Facebook profile shows him based in Bolivia. 

His Facebook profile doesn’t have anything else except for personal development memes, which means that he’s not been active in any industry lately. 

There are no MLM histories that we could find on Mendoza, suggesting that this could be his first MLM stint or that he was promoting other programs in secret. 

ProCash’s main traffic comes from Cuba, comprising 60% of the total traffic and then Honduras with 26%. 

It’s safe to say that ProCash is being run in either of these two countries. 

ProCash Product Line

ProCash offers no retail products or services. Members only participate in the income opportunity through investment.

Does The Product Work?

ProCash is your typical cryptocurrency ponzi scheme with no hint of legitimacy. It’s a straight money-in, money-out scam with recruitment shenanigans. 

Their page containing their “legal documents” is a link to their incorporation certificate for Pro Cash Dream Corps in Panama. 

This means absolutely NOTHING. Incorporations are not enough to give you permission to carry out investments for your clients. You need permissions from regulatory agencies such as the SEC if you’re in the USA. 

ProCash is probably Mendoza’s attempt in recycling his previous Ponzi schemes. Remember that ponzi schemes are almost always a rebrand or reboot.

How To Make Money with ProCash?

There’s only one way to make money from ProCash and that’s through new member recruitment. 

How To Get Started with ProCash?

ProCash membership fee is not disclosed but you just need to invest a minimum of 0.05ETH or 100TRX to take part in their income opportunity.

ProCash Compensation Plan

ProCash members sign up and invest in either Ethereum or Tron on the promise of advertised ROI’s. 

• a MasterNodes contract that pays 4% to 20% a month, capped at 200% (minimum 0.05 ETH investment);
• a Pool TRX contract that pays 15% to 25% a month, capped at 200% (minimum 100 TRX investment);
• a VIP TRX contract that pays a 300% passive return (no minimum investment amount provided); and
• a lottery in “which everybody wins” (which is impossible)

5% is charged on every withdrawal.

Eight-tier 2×2 Matrix Cycler

ProCash follows a 2x2 matrix cycler with 8 tiers and costs you 500TRX. 

Two positions below you will make up the first level of the matrix. The second level is built when you split these two positions into other two positions. 

On the second level, you’ll have four positions.

These positions are filled through investments, meaning you have to recruit people into the program. 

The advertised return on each cycler tier is 368%.

Investment Commissions

ProCash members are paid a percentage of funds invested in the MasterNode, Pool TRX, and VIP TRX plans:

• MasterNode investment pays an 8% commission
• Pool TRX investment pays an 8% commission
• VIP TRX investment pays a 20% commission

Residual Commissions

ProCash’s residual commissions are paid out following a binary compensation structure. Similar to the matrix cycler, two positions are placed below you and marked as your first level. 

Two positions will spawn from each of these positions below them, giving you four positions on the second level. 

This goes on infinitely in theory and ProCash does not mention any cap on their structure. 

Members are paid out 8% of funds invested on the weaker binary side.

Matching Bonus

ProCash pays out matchin bonus on residual commissions via a unilevel compensation structure. Your direct recruits are your level 1 members and their recruits are your level 2 members. 

The matching bonus is capped at 1%, paid down through five levels. 

Career Bonus

ProCash members are awarded for meeting the qualification criteria for these ranks: 

• Platinum (earn $2000 in accumulated weaker binary team side volume) – a $30 TRX VIP investment position
• Sapphire (earn $20,000 in accumulated weaker binary team side volume) – $400
• Ruby (earn $200,000 in accumulated weaker binary team side volume) – $4000
• Emerald (earn $1,000,000 in accumulated weaker binary team side volume) – a vacation in Dubai for two and $5000
• Diamond (recruit two Emeralds and earn $2,000,000 in accumulated weaker binary team side volume) – a Mercedes Benz GLA
• Diamond Founder (recruit two Diamonds and earn $4,000,000 in accumulated weaker binary team side volume) – an Audi Q8
• Double Diamond (recruit two Diamond Founders and earn $8,000,000 in accumulated weaker binary team side volume) – $130,000

#1 Recruitment Is Key!

As it stands, the only proof of income generated by ProCash and its members is through recruitment. There is no proof here that they’re generating income through trading or actual investing. 

Even if they were investing people’s money, they’re not allowed to do this kind of activity.

#2 Securities Fraud!

They are not registered to carry out any financial transactions for their clients, which means they are committing securities fraud. Because they offer passive income, it constitutes securities offering.

They should be registered with financial regulatory agencies if they want to invest in behalf of clients, but this is not the case with them.

You could go to jail for promoting ProCash.

There’s nothing to like about ProCash. It’s obviously a scam.

ProCash is anything but legitimate. It’s your standard Ponzi scheme with all the red flags. Their owner has no prior history to investing in cryptocurrency or running a MLM company. 

We believe that ProCash is a reboot of an old Ponzi scheme that the owner created or was a part of. 

The program runs on nothing but recruitment and they’re not allowed to invest in behalf of their clients. There’s no proof anywhere that shows they earn ROI for their clients through any other means outside of recruiting. 

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