Website & Company Information
The web domain of the company was privately registered on the 4th of March 2020. According to the website, Passive Expert is headed by the CEO, Lee Merritt, based out of the United Kindom.
While looking at the ‘About Us’ page of the website, we couldn’t find any corporate bio of Mr Lee and all we could find were those ‘feel good’ statements that every MLM writes about itself to win customers.
Passive Expert Products
Passive Expert does not have any products or services to offer. The only thing it has is its ‘passive income’ opportunity that is designed to pump as many as new members into the system through affiliate marketing.
Now, this is a matter of concern because Passive Expert is serving clients from the U.S and Canada its MLM opportunity without any retail unit.
In fact, the company offers an Ad Pack system where you invest in these packs and potentially get a 125% ROI upon maturity.
Passive Expert Compensation Plan
The company pays referral commissions through a unilevel compensation plan, capped at two levels.
- Level 1–8% on direct recruitments
- Level 2–3%
Joining Passive Expert
The minimum investment to join Passive Expert is $5 worth of Adpacks paid in Bitcoin.
Now let’s move on to the final verdict.
For us, two of the most important things about any company is its team and its incorporation documents. And after reviewing the site carefully, we have the following concerns:
- The company does not provide any incorporation certificate on its website; at least we could not find it. The incorporation certificate is essential to us because it tells us about the jurisdiction of the company and also reveals the name of the owner.
- No factual data about Mr Lee states that the company is hiding something. Many of those fake MLMs hire fake CEOs to feature them in their marketing videos, but in the case of Passive Expert, we don’t think Lee Merritt is a hired guy.
Our other biggest concern about the company is that it is promoting the language ‘Passive income’ on its site; this is illegal because the owners are soliciting investment.
And to that, the next shocker — Recently the Ad Pack business model has begun to be labelled as a Ponzi scheme by the SEC. Conclusion?
Passive Expert is illegally offering securities.
You can read more about a similar company which got sued by the SEC. Click here
The company is not even registered with the FCA, a regulator governing the U.K jurisdiction. (You can call them the SEC of the U.K)
We do not recommend Passive Expert as it is just a matter of time when they will get hit by the regulators.