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 its website, Keep It 100 fails to list ownership or executive details.
On March 29, 2023, the domain name “k-100.net” for Keep It 100’s website was registered.
Terrence Pounds Sr. is one name we may associate with Keep It 100.
Through a Toledo, Ohio address, “Keep It 100” is listed as the domain’s registered owner.
The same address was given when “Vapor World & CBD 4 Real” was registered as a business.
BBB records indicate. Owner of Vapor World and CBD 4 Real is Pounds:
Additionally connected to Truth Ministries Global is the same address:
The “Money, Ministry and Motivation Passive Income” YouTube channel is linked to the Truth Ministries Global Facebook page.
which includes Pounds-narrated video content.
Although Pounds employs Money, Ministry and motivation just to promote Ponzi schemes these days, it may have religious roots:
According to Terrence Pounds’ personal Facebook page, he is based in Toledo, Ohio.
In the end, Toledo, Ohio native Terrence Pounds Sr. will be running the Keep It 100.
Pounds was also charged in 2021 with loan fraud related to COVID-19, which I was unaware of at the time of publishing.
Pounds admitted and confessed to 14 charges of criminal activity relating to obtaining EIDL and PPP loans through fraud.
As she awaited punishment, Pounds appears to have started Keep It 100 while she was out on bond.
The Keep It 100 competitor Terrence Pounds now denies participating.
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.
Products from Keep It 100
No retailable goods or services are offered by Keep It 100.
Only the Keep It 100 affiliate membership itself may be promoted by affiliates.
Compensation Strategy for Keep It 100
Affiliates of Keep It 100 put $100 or more into cryptocurrencies. On the assurance that 10% each day will be paid for 10 business days, this is done.
Keep It 100’s total advertised return after 10 days is 125%, including a 25% return on the initial investment.
Down three tiers of recruitment, Keep It 100 provides referral rewards on cryptocurrency invested (unilevel):
|level 1 (personally recruited affiliates)||5%|
Keep It 100 affiliates that qualify as “Representative” earn 7% on level 1, 3% on level 2, and 1% on level 3.
Be aware that the Keep It 100 website does not list any requirements for Representative eligibility.
Affiliating with Keep It 100
Affiliate membership with Keep It 100 is free.
The connected income opportunity requires a Bitcoin investment of at least $100 to be fully eligible for participation.
Keep It 100 Summary
Simply put, Keep It 100 is a Ponzi scheme. To fulfil withdrawal requests, cryptocurrency is placed into a “liquidity protocol” (also known as an “admin account” in crypto bro lingo).
Even though Keep It 100 is that easy to use, Terrence Pounds does make a flimsy attempt to cover up fraud in its advertising.
|We have significant investments in cryptocurrencies, mining businesses, staking protocols, decentralized applications, arbitrage & crypto ai robots, and a number of pamm accounts.|
These ploys seem to be similar to those employed by the several other Ponzi scams Pounds is pushing.
A Russian MLM crypto Ponzi scheme called Vortic United is operated out of Turkey.
We already know that Pounds is based in the US in terms of regulation.
Over 400,000 visits to the Keep It 100 website were recorded by SimilarWeb in June 2023, with the US accounting for almost 30% of the visits.
Keep It 100 doesn’t try to hide the possibilities for passive profits on investments. This is taken directly from the website’s FAQ;
|How much will my investment earn?|
For the whole investment term of 10 business days, you will receive 10% per day. Then we will also return 25% of the seed money.
The revenue yields produce a 125% ROI when the 25% principal return is added at the end. It takes 10 business days for the entire investment to break even.
The passive returns investment plan offered by Keep It 100 qualifies as a securities offering. The SEC oversees the regulation of securities in the US.
Terrence Pounds and Keep It 100 are not SEC-registered companies. This implies that Keep It 100 is at the very least engaging in securities fraud.
According to the SEC, Ponzi schemes and securities fraud are closely related:
|Unregistered businesses or individuals are often involved in Ponzi schemes.|
Keep It 100 isn’t above the fundamental rules of mathematics, despite its “no rug pull or scam guarantee”.
Keep It 100 will inevitably run out of ROI as affiliate recruiting declines.
The majority of Keep It 100 affiliates will eventually experience a collapse as a result of this, losing money.
Keep It 100 has failed.
Ponzi schemes in general
A Ponzi scheme is an investment fraud in which monies given by new investors are used to pay fictitious returns to previous investors. Ponzi scheme operators frequently entice new investors by offering to put money in opportunities that they guarantee will produce big returns with little to no risk. Instead of making any genuine investments, the perpetrators of many Ponzi schemes concentrate on luring new investors and diverting part of the money they have already “invested” for their own benefit.
Each year, the SEC investigates and prosecutes several Ponzi scheme cases in an effort to stop the harming of new victims and to maximize the recovery of investor money. Similar to other frauds, Ponzi scheme operators frequently promise investors large returns by utilizing the latest innovations in products, technologies, and industries. When evaluating anything unique, new, or “cutting-edge,” potential investors are frequently less cautious of an investment opportunity.
Watch Out for Potential Virtual Currency Scams
Recently, virtual currencies like Bitcoin have gained popularity and are meant to be used as a form of money. They can be used to make purchases of goods or services, typically online, or traded on internet exchanges for traditional currencies like the US dollar.
We are worried that as virtual currencies become more prevalent in the global economy, fraudsters may exploit them to seduce investors into Ponzi and other schemes where these currencies are used to support fictitious, or merely created, investments or transactions. A trading platform or unregistered offering could be a part of the deception.
These schemes frequently offer substantial rewards in exchange for participating in an emerging Internet phenomenon early on.
Transactions in virtual currencies are said to provide more privacy benefits and less regulatory scrutiny than transactions in conventional currencies, which may also tempt fraudsters to utilize them to commit their crimes. Regardless of whether the investment is made in US dollars or a virtual currency, it is still subject to the seC’s jurisdiction if it is done in the US. People selling investments in particular are frequently required to obtain federal or state licenses.
Get Your Money Back Suspicious
Ponzi scheme using Bitcoin
In a recent case called SEC v. Shavers, the alleged Ponzi scheme’s mastermind promoted a Bitcoin “investment opportunity” on a Bitcoin forum online. Investors were allegedly offered weekly interest rates of up to 7% and assurances that the money they deposited would be used for Bitcoin arbitrage activities to produce returns. Instead, it is claimed that invested Bitcoins were utilized to compensate outgoing investors and converted into dollars to cover the organizer’s own costs.