Is Up2Give a Scam? A Cash-Gifting MLM Scheme EXPOSED!
Welcome to my Up2Give review!
Cash-gifting is a very different matter from crowdfunding. The latter is completely legitimate, while the former is illegal in more ways than one.
A handful of MLM companies operate under the guise of crowdfunding, when in fact it’s nothing more than a cash-gifting system. And MLM companies like these try so hard to appear legitimate too.
Today, we’re looking at a cash-gifting scam called Up2Give.
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with Up2Give in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal why this is a cash-gifting scheme that won't give you any money or source of income...
Up2Give Review Summary
Product Name: Up2Give
Founder: Jerry Lopez and Andreas Kartrud
Product Type: Cash-Gifting MLM
Price: 0.005 BTC or $48 minimum investment
Best For: No one
Summary: Up2Give is a cash-gifting MLM scheme that has you investing in cryptocurrency. Unfortunately, it appears to be one huge pyramid scheme because of its focus on recruitment. There are several more red flags that we uncovered, and we're going to talk about them in this article.
What is Up2Give?
Up2Give is a MLM or multi-level marketing company that operates as a cash-gifting scam disguised as a crowdfunding platform for philanthropic donations.
Through their misguided marketing and advertising, they’ve done a good job at pretending to be a humanitarian company by helping and giving to people.
Let it be clear that the only people that they helped is themselves. The platform relies on a recruitment-based, cash-gifting system powered by a MLM compensation structure.
The founders of the company are Jerry Lopez and Andreas Kartrud, both real people with some shady history in the industry.
Lopez introduces himself as a public speaker, personal development coach, and international team builder. Before he started with Up2Give, he was part of another MLM company called LyfeStart International. This MLM company shut down 6 months after opening in May 2014.
He then moved on to another MLM company called Sayi Health before ending up with Dunamis Global Tech, which was a crypto MLM company that went under and got bought by another company called Onyx Lifestyle.
The other partner, Kartrud, introduces himself as a professional network marketer, success coach, and mentor.
He’s also the founder of another program called “Bakluckeloppis i Malmö”, which is a flea market for the people of Malmö. He then worked with Wo Token Wallet, which was a crypto scam program.
Up2Give Product Line
Because Up2Give is a MLM company, we expect it to have products or services for sale in order to be a legal business entity anywhere, whether it’s in the USA or in other countries.
Unfortunately, the company doesn’t have any products or services to offer. What the company is trying to sell you is a membership into the cash-gifting system.
They’re even advertising on their landing page that they don’t have anything to sell.
The FTC or Federal Trade Commission would love to investigate this company because this is a huge red flag in itself.
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Does The Product Work?
Up2Give is similar to other crypto MLM’s and other cash-gifting scams such as:
If you look at these individual companies, you’ll find that they have the same methods of scamming people as Up2Give.
And to make it even more obvious, they’re not affiliated with the BBB or Better Business Bureau. While not being accredited by the BBB isn’t totally a bad thing, this actually leaves them a lot of room to do illegal stuff without getting called out by the public on their profile.
But this is where we come in.
How To Make Money with Up2Give?
Their compensation plan has you earning nothing but through commissions by recruiting people. The more people you recruit into the program, the more passive income you’re going to make. That’s about it.
Normally with legitimate MLM companies, you get several options on how to make money, but Up2Give doesn’t do that.
How To Get Started with Up2Give?
To join Up2Give as a member, you need to pay at least 0.005 Bitcoins per month, which is about $48.79 as of this writing (based on USD to BTC daily conversion, dated Feb 24).
As of this writing, 1 BTC is worth $9,758.79. and in order to get to the 2x6 matrix, you need to pay 1.345 per month or $13,043.84 per month.
That’s how expensive the program is actually, and that’s why they can make you think you’re earning a lot of money.
Up2Give Compensation Plan
Up2Give’s compensation plan is as confusing as it gets, and for a good reason. They don’t want you to figure it out by yourself. Their official sales presentation is filled with facts, graphs, and figures that may or may not be relevant to the plan itself.
Here’s what we found out about their compensation plan.
You’ll need to pay 0.005 BTC to get into the program, and this is gifted to the person who recruited you. To move into the next stage of the compensation plan, you have to recruit two people and make them pay 0.005 BTC. This will give you 0.01 Bitcoin, which then gets you into the 2x6 matrix.
This is your bread and butter of their compensation plan. You make money from recruiting and making a team through your downline.
Once you recruit two people and get 0.01 BTC, you get into the 2x6 Matrix, which looks like this.
If you’re on Level 1, you take the money you earned to get to level 2 (you keep half and invest the other half).
By the time you get to the entire matrix, you earn 64 BTC, which is a huge payday if this was a legitimate company.
Up2Give Ugly Truths Revealed!
#1 All Recruitment, No Other Source of Income
One of the biggest red flags that make this a pyramid scheme is its 100% focus on recruitment. This is illegal in a lot of countries worldwide, and could land any company in trouble if regulatory agencies investigate.
For example, this guideline on spotting a pyramid scheme by the FTC or Federal Trade Commission actually highlights a lot of the things we discovered about the program.
Take note that we only focused on the recruitment side of things, but looking at this guideline makes a lot more sense as to why this is a pyramid scheme.
#2 Owners’ Reputation Is Questionable
The owners of Up2Give are known to have dabbled with crypto scams before they started the company. Again, this is another major issue because of the phrase “history repeats itself”.
While there’s no guarantee that they may or may not do it, the fact that their reputation precedes them is more than enough to turn smart people away.
#3 This Will Eventually Collapse
All of the pyramid schemes will collapse as soon as their source of capital is gone, which is recruitment. This is the only time that money is coming in and out of the company, and there’s no profit being generated by the system.
Sure, the owners generate a small percentage of the members’ investments, but none of that is going back into the company.
What I Like About Up2Give?
Up2Give is a pyramid scheme, or at the very least, has enough of the red flags that make it one. There’s nothing positive that’s worth mentioning about the program.
Is Up2Give a Scam?
Up2Give is an illegitimate recruitment scheme, or what we call as pyramid schemes, based on what we found out about their program.
- There’s just too much focus on recruitment, and they have no products or services being sold on this platform. You’re buying your way through income, if that makes sense.
- The owners have been known to work with pyramid schemes, and both have been involved with companies that have already shut down their operations prior to creating Up2Give.
- The income generated by their system is nonexistent. The money only serves to make the founders’ wallets thicker and no one else’s.
This is a program that everyone should stay away from.
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