You can help us put a stop to online scams before they grow too big and end up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.
On their website, Ace Daily Profits doesn’t list ownership or executive information.
The domain name “acedailyprofits.com” for Ace Daily Profits’ website was privately registered on June 12th, 2021.
In February 2022, the moniker “Cameron Erving Fans” was changed to “Ace Daily Profits Official Facebook Page.” This is thought to have occurred at or close to the time Ace Daily Profits debuted.
What are Ace Daily Profits?
According to its official presentation, AceDailyProfits is a blockchain-based platform for crowdsourcing. It refers to a system that enables companies to raise capital utilizing cryptocurrency-compatible technology.
To make money for its members, Ace Daily Profits also claims to be investing in real estate, agribusiness, and cryptocurrency.
Acedailyprofits claims it can guarantee its investors a minimum of 1% daily returns on investing with a deposit of just $100.
But should you use Ace Daily Profits as a real investing platform? In this review, we clarify why it is not.
A member of the NFL is Cameron Erving. Although not conclusive, this shows that whoever is in charge of Ace Daily Profits has connections to the US.
Ace Daily Profits lists its company address in Delaware on its website to appear legitimate. Information on Ace 14 Holdings LLC’s incorporation is also given.
The corporate address given is for an unidentified office building in Delaware. A shell corporation that was also incorporated in Delaware is Ace 14 Holdings LLC.
For the sake of MLM due diligence, shell incorporation in any jurisdiction is useless because of how simple it is for con artists to incorporate shell businesses with false information.
We discover that the alleged founder of Ace Daily Profits is “Gary Wyatt” over on the unlinked official YouTube channel of the business.
|WELCOME TO ACE DAILY PROFITS MESSAGE FROM THE FOUNDER, GARY WYATT
Wyatt doesn’t seem to exist apart from an erroneous LinkedIn page that he created for Ace Daily Profits.
Ace Daily Profits, which was initially controlled by executives who were fake and whose profile pictures were stolen, lends credence to Wyatt’s nonexistence.
Additionally, whoever runs Ace Daily Profits built bogus Twitter accounts for the made-up executives:
Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.
Ace Daily Profits scam
Ace Daily Profits is a bogus investment platform that you should steer clear of, according to our analysis.
Illegal investment platform
According to reports, the American company ACE 14 Holdings owns AceDailyProfits.
However, neither Ace Daily Profits nor ACE 14 Holdings are registered in the US. The company is therefore nonexistent.
Therefore, it is not surprising that the organization lacks the necessary authorization to offer investment services in the US. Consequently, it is an unlicensed investing platform.
Investment service providers must be registered and subject to regulation in every nation where they wish to perform their services. Particularly in the US.
As a result, Ace Daily Profits cannot be sold lawfully anywhere in the globe.
The business claims to be based in the US, but this is false.
Phony Investment Strategy
Whenever you find an offer with a guaranteed 1% daily return on investment or above, you can be confident you are dealing with a scam. We frequently portray this as the golden rule.
Additionally, Ace Daily Profits benefits greatly from this guideline. With a daily ROI minimum of 1%, they shout “scam” to the world.
Whether you like it or not, there is no genuine strategy to trade that will yield consistent daily returns of 1%, and cryptocurrencies are no exception.
People frequently confuse daily gains with exceptional profits. Because it is possible to have a good day and earn 1% on your investment. The problem is that you won’t ever be able to do that repeatedly.
However, that is exactly what frauds like AceDailyProfits promise—steady daily returns on investment—which is impractical in the real world. You cannot have the same outcomes every day since markets don’t act consistently.
In reality, traders have lost days, weeks, and sometimes months; you can’t have only winning days. It simply so happens that way.
How AceDailyProfits operates in practice
The fact is that AceDailyProfits is neither a crowdfunding platform nor an investment venue. There is no actual business operating behind that would engage in any proper activity.
No, Ace Daily Profits was designed from the ground up to be a fraud. It hopes to continue operating as a Ponzi scam for as long as is practical.
That is why it has a referral program; it requires a constant stream of new deposits. These programs simply distribute funds in a pyramidal pattern from younger to older members.
Additionally, because they are unsustainable, these schemes inevitably result in a complete collapse. Due to this, if you promote Ace Daily Profits or any other similar program, you risk legal repercussions.
Fraudulent referral scheme.
What products do Ace Daily Profits offer?
Ace Daily Profits doesn’t offer any goods or services for sale.
Only the Ace Daily Profits affiliate membership itself may be promoted by affiliates.
Compensation Plan for Ace Daily Profits
Affiliates of Ace Daily Profits make a cryptocurrency investment of at least $50. This is done with the expectation of receiving a passive return of 1% per day.
|Before fund raising starts, business owners must recommend at least 10 active investors to the Ace Daily Profits platform.
Down two tiers of recruitment (unilevel), Ace Daily Profits provides a referral commission on invested cryptocurrency:
Ace Daily Profits Membership
The Ace Daily Profits affiliate program is free to join.
The attached income opportunity requires a minimum commitment of $50 to be fully participated in.
Various cryptocurrencies are offered for investment through Ace Daily Profits.
Get Your Money Back Suspicious
Ace Daily Profits Verdict
Ace Daily Profits claims that investing in outside businesses, it produces external revenue.
|To generate tempting returns, we invest in stocks of profitable businesses. Companies in industries like real estate, pharmaceuticals, biotech, agriculture, artificial intelligence, gold, blockchain, and environmental sustainability can seldom go wrong, ensuring that everyone’s investments are safe.
We occasionally use extra profits to buy penny stocks, trade the cryptocurrency market, and make other high yield investments.
To ensure that our clients receive 1% daily ROI on all of our investment portfolios, we use this as a backup investment.
Several well-known corporate logos are stolen and presented as being a part of Ace Daily Profits’ “investment portfolio” on the company’s website.
It’s easy to expose Ace Daily Profits’ Ponzi scheme.
The business claims to be situated in the US and offers passive investing opportunities.
|Create a deposit, log in to your dashboard, and sign up to start earning money automatically.
Registration with the SEC is necessary to offer securities from within the US.
Due to Ace Daily Profits’ lack of SEC registration, the business is engaging in securities fraud.
Ponzi schemes and securities fraud are related.
Right now, new investment is the sole verifiable source of income entering Ace Daily Profits.
Ace Daily Profits is a Ponzi scheme because it uses new investments to pay affiliate investors a 1% return every day.
As with all MLM Ponzi scams, fresh investment will cease as soon as affiliate recruiting does.
As a result, Ace Daily Profits will eventually fail because of a lack of ROI revenue.
Math ensures that the majority of investors lose money when a Ponzi scheme fails.
According to a press statement from Ace Daily Profits from July 2022, the company’s exit scam could involve “ADP Token”.
1. Increasing awareness of the Ace Daily Profits platform till 500,000 investors have signed up
2. The company’s registered investors would receive a free airdrop of the ADP Token.
To boost the value of ADP Token, it would be possible to trade it on exchanges throughout the world.
Staking platforms would support ADP Token.
Take the introduction of the ADP token as an indication that Ace Daily Profits is about to fail even though it doesn’t yet exist.
The conventional “withdrawals disabled” and/or “website gone” options are also an option for Ace Daily Profits.