Coop5050 offers no info on its web site about who owns or runs the corporate.
Coop5050’s web site area (“coop5050.com”) was first registered in 2018. The personal registration was final up to date on November 4th, 2020.
To suss out who’s behind Coop5050 now we have to show to social media:
David T. Rosen first popped up on BehindMLM’s radar in 2015, as founding father of the PIE 24/7 pyramid scheme.
In early 2018 Rosen launched Cooperative Crowdfunding, a matrix-based gifting scheme. This was adopted by 50/50 Crowdfunding in late 2018.
In late 2019 Rosen rebooted 50/50 Crowdfunding as CoopCrowd. That brings us to the late 2020 reboot launch of Coop5050.
David Rosen is believed to run his numerous scams from Ontario, Canada.
Alexa site visitors evaluation reveals Coop5050 recruitment is at present going down within the US (71%) and Dominican Republic (22%).
Learn on for a full evaluate of Coop5050’s MLM alternative.
Coop5050’s Merchandise
Coop5050 has no retailable services or products, with associates solely capable of market Coop5050 affiliate membership itself.
Coop5050’s Compensation Plan
Coop5050 associates present cash to one another by eight-tiers of gifting funds.
Gifting funds in Coop5050 are tracked through a 2×2 matrix.
A 2×2 matrix locations an affiliate on the prime of a matrix, with two positions immediately underneath them:
These two positions kind the primary stage of the matrix. The second stage of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
Positions within the matrix are crammed by place purchases, made by present and newly recruited Coop5050 associates.
Funds used to buy matrix positions are gifted as follows:
- $25 tier – present $25 and obtain 50% of $25 gifted in throughout six positions ($75)
- $50 tier – present $50 and obtain 50% of $50 gifted in throughout six positions ($150)
- $150 tier – present $150 and obtain 50% of $150 gifted in throughout six positions ($450)
- $250 tier – present $250 and obtain 50% of $250 gifted in throughout six positions ($750)
- $500 tier – present $500 and obtain 50% of $500 gifted in throughout six positions ($1500)
- $1000 tier – present $1000 and obtain 50% of $1000 gifted in throughout six positions ($3000)
- $2000 tier – present $2000 and obtain 50% of $2000 gifted in throughout six positions ($6000)
- $4000 tier – present $4000 and obtain 50% of $4000 gifted in throughout six positions ($12,000)
Biking seems to occur routinely so presumably upon finishing a matrix, the preliminary gifting cost is subtracted to generate a brand new same-tier place.
E.g. You obtain $75 upon finishing tier 1, $25 of which is used to fund a brand new tier 1 place.
Becoming a member of Coop5050
Coop5050 affiliate membership is tied to a minimal $25 gifting cost.
Full participation in Coop5050 prices $7975.
Advertising copy on Coop5050’s web site suggests gifting funds is perhaps month-to-month recurring.
Conclusion
Following the collapse of his CoopCrowd gifting scheme, David Rosen is again with a clone rip-off for 2021.
Coop5050 combines components of gifting and Ponzi schemes.
The gifting component exists by the use of new gifting funds getting used to fund cycle funds.
You present in, that cash is paid to present Coop5050 associates. You then obtain gifting funds from Coop5050 associates recruited after you.
The Ponzi component exists by the use of gifting funds being made on the expectation of a 300% ROI.
Reward $25 and obtain $75. Reward $250 and obtain $750 and so forth.
Seeing as 71% of web site site visitors to Coop5050 is coming from the US, this brings the scheme underneath the jurisdiction of the FTC and SEC.
Gifting schemes are unlawful as per the FTC Act. Ponzi schemes (securities fraud) are unlawful as pert the Securities and Change Act.
As with all MLM Ponzi gifting schemes, as soon as affiliate recruitment dries up so too will new gifting funds (funding).
Being a matrix cycler, it will see Coop5050’s matrices start to stall. Except recruitment of recent individuals continues without end (mathematically not possible), ultimately sufficient matrices stall to set off a collapse.
In order for you proof of this in apply, look no additional than David Rosen’s earlier scams.
Pie 24/7, Cooperative Crowdfunding, 50/50 Crowdfunding and CoopCrowd all collapsed with nearly all of individuals dropping cash.
In the meantime Rosen, by preloaded admin positions, is the first benefactor of every rip-off.
Coop5050, utilizing the identical matrix cycler gifting mannequin as Rosen’s earlier scams, received’t finish any in another way.
