EProfitHub Review – Ponzi Scheme – MLM Scam

Website & Company Information

The web domain of the company was registered on the 15th of October 2018 and was later updated on 2020–01–21. The company was officially incorporated on 30.01.2020, in the UK.

https://beta.companieshouse.gov.uk/company/12433647

Hayden HUDSON is the person behind EPROFITHUB.IO LTD. Apart from the name, we could not find anything substantial about the owner of the company.

One thing we always mention is that the UK is one of the most favourable jurisdictions for scammers, and 90% of all the shady MLMs are registered in the UK. Also, UK incorporation is dirt cheap.

As always, if a company is not transparent about its team, then you should be cautious before making any financial decisions.

EProfitHub’s Products

EProfitHub has no retail products or services, with only an MLM plan that pushes its affiliates to market Virtual Mining Farm’s affiliate membership.

Retail products are one of the legal requirements in many countries around the world to be a legitimate MLM run company. An MLM company must provide a retail line if they are serving in countries like the U.S and Canada.

EProfitHub’s Compensation Plan

EProfitHub affiliates invest funds on the promise of an advertised ROI. This ROI differs based on the investment window.

EProfitHub’s investment plan pays 0.25% in interest every 60 minutes for a total of 1440 hours.

Referral Commissions

The company pays referral commissions via a unilevel payment structure, capped at 3 levels:

  • Level 1–8%
  • Level 2–1%
  • Level 3–1%

If you are not familiar with how the unilevel compensation plan works, here is an example:

  • The 1st level of your unilevel compensation plan will only have direct recruits — the users who have signed up using your link/code
  • 2nd level only has team members that your level one members personally recruited on it.
  • 3rd level only has team members that your level 2 members personally recruited on it.
  • and so on

Joining EProfitHub

The minimum cost to join EProfitHub is $10. This investment will get your income started.

The minimum withdrawal amount is $1.5.

For deposit and withdrawal, the company only accepts the following cryptocurrencies:

Bitcoin, Ethereum, Dash, Dogecoin, Litecoin, and BTC Cash.

Conclusion

EProfitHub has some severe problems in their business model.

First of all, they claim that their only source of income is:

highly profitable website portals or “hubs” that generate income for a lifetime after they’ve been setup

And yet they fail to show any proof about the existence of these “hubs”. There are no mentions about the owner and the team of the company.

EProfitHub is a simple Ponzi scheme because they promise of generating 0.25% ROI every 60 minutes. If the owners are able to make 6% daily, then why do they need your money? It doesn’t make any sense, right?

Their only source of income is new investments. And they may keep honouring payouts until fresh cash is entering in the company through referrals. Once new money stops, your money will be lost forever.

Securities Fraud

EProfitHub is promising ‘interest’ on investments; hence they are offering securities without being registered with any financial regulators in any jurisdiction. If they are incorporated in the U.K, then they cannot offer securities without taking permission from the F.C.A. If any regulator steps in and fines the company, this issue is big enough to where you as a member can be served legal papers too!