Modern Money Team Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that Modern Money Team is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Modern Money Team, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting Modern Money Team as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Modern Money Team in my Modern Money Team Review – now you can learn all you need to know about it.
Is Modern Money Team really a legit business?
Is Modern Money Team a safe business to join?
Let me show you in my review of Modern Money Team.
Get started by reading my review below.
Exactly What Is Modern Money Team?
Modern Money Team’s website looks good enough from a design point of view, but when it comes to background data, the site is severely lacking.
There isn’t a single mention of who’s running Modern Money Team, who originally founded it, where in the world it’s based out of, etc.
All of this information is pertinent to any new business opportunity, and none of it is anywhere to be found.
The domain for Modern Money Team’s site (modernmoneyteam.com) was registered on May 25, 2017, but since the registration was done privately, I wasn’t able to see who the owner of the domain is or where the registration took place.
Following more research on my own end, I was able to learn that Dan Putnam is cited to be the CEO for Modern Money Team.
I found it odd that this information isn’t made available on Modern Money Team’s website, but in any case, this is the man behind the curtain.
For those that have spent some time in the MLM world, you might know that Dan Putnam has been involved in the MLM landscape ever since 2012 when he was acting as the founder of EPX Body.
EPX Body was a perfectly legit business opportunity with a retail product line and everything, but this was then followed up in 2014 with One80 — an opportunity that focused more on recruitment with online marketing tools.
One80 collapsed about a year after its launch, and was the succeeded by Let Us Close. Let Us Close had a short life, too. The Elite Networker picked it up a few months after its launch, but then it too collapsed a year after its respective launch.
During the middle of last year, Putnam resurrected One80 from the grave and launched it was an adcredit Ponzi scheme. This reboot of One80 quickly crashed and burned, and although it did have some growth in January, 2017, Alexa rankings show that traffic sharply declined shortly after this.
What Is The Modern Money Team Product Line?
On the product line side of things, Modern Money Team is lacking quite a bit.
There aren’t any retail goods or services to speak of, but what is interesting is the fact that the Modern Money Team compensation plan mentions a, “customer” class that isn’t able to earn commissions.
I also discovered a marketing video on the Modern Money Team website that hints at the fact that the company will one day offer people the chance to invest into a mini pool and cryptocurrency trading activities.
As per a line in that video —
“When you join Modern Money Team, you’ll begin learning all the ins and outs of trading and mining cryptocurrency.”
The video puts a good deal of focus on handing over $20, “finding two” other individuals to join and do the same thing, and then earning a commission.
What Can You Tell Me About The Compensation Plan For Modern Money Team?
Looking into the compensation plan, Modern Money team asks its affiliates to invest between $50 and $3000 into the company so they can then start earning a passive ROI.
Choosing to go all the way and make the $3000 investment will allow you to rent a, “mining machine” from which you’ll earn 75% of any profits that the machine generates.
If you invest either $50 or $300, you’ll be buying a, “share” for that machine and earn off of that.
Once you’ve invested money into Modern Money Team, you can earn money by recruiting other people to join and invest in the company as well.
Direct commissions pay a commission based on what kind of affiliate you recruit into Modern Money Team, and the breakdown for the rates that you earn is as follows —
- Recruiting an affiliate that invests $3000 earns you a commission of $200
- Recruiting an affiliate that invests $300 earns you a commission of $20
- Recruiting an affiliate that invests $50 earns you a commission of $3.33
Modern Money Team also offers residual commissions, and these are paid via a binary system.
What Will It Cost To Join Modern Money Team?
In order to join Modern Money Team, the affiliate membership is currently free.
However, you will need to hand over some money in order to make money through the compensation plan.
A minimum investment of $50 is required to start earning the passive ROI, but you can invest as much as $300 or $3000 if you want to maximize your earning potential.
Also, while it isn’t really confirmed by Modern Money Team, it does look like affiliates need to hand over $20/month in order to remain, “active” so they can keep earning commissions and ROI income.
Is Modern Money Team A Scam?
If you have heard that Modern Money Team is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Modern Money Team a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My Modern Money Team Review
With Modern Money Team, we have an MLM opportunity offering its affiliates the chance to earn money through its mining activities of cryptocurrency.
It is very possible to generate income off of mining cryptocurrency, but the issue here is that Modern Money Team doesn’t provide any proof to support the claims that it’s making here.
This is fishy enough on its own, but things get even more topsy-turvy thanks to this bit of text found on the Modern Money Team website —
“This unique opportunity will allow you to make a passive income in the very profitable crypto mining business. With no special skill set or experience. Through crowdfunding we’ll be able to create a very large and profitable operation in a very short period of time.”
Add this with evidence on Modern Money Team’s website that suggests it’s based out of the US, and it looks like the company is offering securities in the United States to US residents.
This sort of activity requires a proper registration with the SEC, and since Modern Money Team isn’t listed within the SEC’s database, it would appear that the company is offering illegal securities in the country.
Also interesting is the following message that’s said in the marketing video on the Modern Money Team website —
“If the company doesn’t say who’s behind it, beware.
If the company says that it’s pooling your money to trade but doesn’t show any trades, beware.
In fact, if it’s pooling money to bet on sports but never shows you the bets, beware.
Well over 90% of the opportunities out there right now are scams.”
Modern Money Team is a company that’s asking affiliates to pool their money together to mine cryptocurrency but doesn’t provide any proof that this activity is actually taking place.
That sounds a lot like the companies you’re being warned about in the video, and in other words, it means that Modern Money Team is likely operating as a Ponzi scheme.
I definitely hope you have found value in my Review of Modern Money Team.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with Modern Money Team, make sure you take the time to learn how to market yourself!
My training below can help you with that.