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Greek Mythology Membership Assessment: Passive Legends’ personal Ponzi

Greek Mythology Membership operates within the NFT MLM area of interest.

The corporate is headed up by co-founders Brendon Parker and Zak Anstis. Parker is a resident of Washington within the US. Anstis is believed to be a resident of the UK.

Each Parker and Anstis are your typical crypto bro grifters. Collectively they run the personal FaceBook group Passive Legends.

That is your one cease store for creating a number of passive earnings streams within the largest monetary industries on the planet. All ready so that you can faucet into and begin incomes right this moment.

In different phrases, Passive Legends is a funnel for crypto scams – recruitment of which into via Passive Legends, primarily advantages Parker (proper) and Anstis.

Brendon Parker goes by “Crypto Bren”.

On a corresponding YouTube channel Parker promotes MLM crypto Ponzi schemes:

Zak Anstis’ Ponzi scamming goes again years.

Anstis began his crypto bro journey in 2017 with bitcoin mining. In mid 2018 Anstis transitioned to MLM crypto Ponzi scamming.

MLM crypto Ponzis Anstis has promoted embody iCenter, Arbistar, Professional Mine Applied sciences (PowerBot), Daisy AI and SwapIT.

Anstis (proper) additionally runs ItsFX, a passive foreign currency trading scheme. Site visitors to ItsFX’s web site is so low that SimilarWeb doesn’t monitor it.

I’m unsure in the event that they met in Arbistar or 7K Metals, however Anstis and Parker seem to have been working collectively since 2020.

The final Ponzi the pair promoted was SwapIT. Right here’s the SwapIT pitch on Passive Legends’ web site:

SwapIT’s SWIT token is at present buying and selling at 1.4 cents. And that brings us to Greek Mythology Membership.

Learn on for a full evaluation of Greek Mythology Membership’s MLM alternative.

Greek Mythology Membership’s Merchandise

Greek Mythology Membership has no retailable services or products.

Associates are solely in a position to market Greek Mythology Membership affiliate membership itself.

Greek Mythology Membership’s Compensation Plan

Greek Mythology Membership associates make investments $400 in ethereum on the promise of a passive weekly ROI.

The MLM aspect of Greek Mythology Membership pays is tied to recruitment of affiliate traders.

Greek Mythology Membership pays residual commissions through a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned immediately beneath them (stage 1):

If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.

If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.

Greek Mythology Membership caps payable unilevel staff ranges at six.

Residual commissions are paid as a proportion of weekly returns obtained by recruited unilevel staff associates throughout these six ranges as follows:

  • stage 1 (personally recruited associates) – 7%
  • stage 2 – 4%
  • stage 3 – 3%
  • stage 4 – 2%
  • ranges 5 and 6 – 1%

Becoming a member of Greek Mythology Membership

Greek Mythology Membership affiliate membership is free.

Full participation within the hooked up earnings alternative requires a minimal $400 funding in ethereum.

Greek Mythology Membership Conclusion

Brendon Parker and Zak Anstis have come to the inevitable conclusion that, irrespective of how massive the pool of victims you construct, operating scams is extra worthwhile than selling them.

Greek Mythology Membership was initially focused at Passive Legends insiders:

Beginning July 2022, Passive Legends insiders have been positioned on the high of Inexperienced Mythology Membership’s downline hierarchy.

Public Greek Mythology Membership recruitment started just a few weeks in the past, prompting publication of this evaluation.

Greek Mythology Membership associates make investments $400 on the promise of a weekly passive return.

Greek Mythology Membership funding positions are hooked up to a low-effort AI generated NFT assortment:

Reasonably than simply admit they’re operating a Ponzi scheme, Greek Mythology Membership represents exterior income is generated through quite a lot of sources:

No verifiable proof of Greek Mythology Membership paying weekly returns with exterior income of any sort is offered.

The one acceptable type of proof can be audited monetary experiences, filed with the SEC within the US and FCA within the UK.

This brings us to Greek Mythology Membership, Parker and Anstis committing securities fraud.

Regardless of clearly operating an MLM passive funding scheme, neither Greek Mythology Membership, Parker or Anstis are registered with the SEC or FCA.

The one cause MLM firms commit securities fraud is as a result of they aren’t doing what they declare to be. Which on this occasion is paying traders a weekly return with externally generated income.

This shouldn’t come as a shock, given Parker’s and Antis’ lengthy historical past selling MLM crypto Ponzi schemes.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

It will starve Greek Mythology Membership of ROI income, ultimately prompting a collapse.

The maths behind Ponzi schemes ensures that after they collapse, nearly all of contributors lose cash.



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