Silverchief Mint Review –  Ponzi Scheme  –  MLM Scam

Website & Company Information

The web domain of the company was registered privately on the 30th of April 2019 and was later updated on 2020–05–05.

According to the website, the company is based out of South Africa and headed up by founder Brandon Marriott.

Our research shows that the Founder was previously involved with WorldVentures, another MLM.

Silverchief Mint’s Products

The company has no retailable products or services, with affiliates only able to market the affiliate membership itself.

Silverchief Mint’s Compensation Plan

The affiliates of the company are required to sign up and pay an upfront fee. They receive commissions when they recruit other people who do the same thing.

Note: Even if the company is based out of South Africa, all the ROIs and Investment schemes cited on the compensation materials are pegged to the UK’s pound (£).

The company do not provide a copy of its compensation plan on its website.

Recruitment Commissions

The affiliates receive £50 per affiliate recruited.

Residual Commissions

The company also pays residual commissions via a binary compensation structure. It is a fixed residual commission based on personal recruitment efforts:

  • generate a binary team with four affiliates on both sides(4/4) and get £50 a month
  • generate a binary team with ten affiliates on both sides (10/10) and get £250 a month
  • generate a binary team with twenty affiliates on both sides (20/20) and get £500 a month
  • generate a binary team with fifty affiliates on both sides (50/50) and get £1000 a month
  • generate a binary team with one hundred affiliates on both sides (100/100) and get £2000 a month
  • generate a binary team with one hundred and fifty affiliates on both sides (150/150) and get £3000 a month
  • generate a binary team with three hundred affiliates on both sides (300/300) and get £6000 a month
  • generate a binary team with six hundred affiliates on both sides (600/600) and get £12,5000 a month

Joining Silverchief Mint

Joining Silverchief Mint affiliate membership requires an initial fee of £100 and then £50 a month.

Conclusion

The company claims itself as “a silver commodity company based in South Africa”. But in simple terms, it is a company who charges an initial fee of £100 and then £50 a month and also rewards you if you recruit others who do the same.

Being a monthly fee pyramid scheme, when recruitment dies down those at the bottom of Silverchief Mint will eventually stop paying their monthly fees.