Michael Fallquist- Ponzi Schemes, Fraud Through Think Energy

michael fallquist
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Michael Fallquist is a scammer who runs the MLM Ponzi scheme called Think+ Energy. Avoid investing with him.
Before we get started with this review
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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.

Think+ Energy was started by Michael Fallquist, who also served as its CEO and director. He enrolled at Cornell University in 2002.

Think+ Energy by Michael Fallquist omits ownership or executive information.

On its website, Think Energy doesn’t list ownership or executive information. The domain name (“thinkenergy.plus”) for the Think Energy website was privately registered on November 18, 2022. Additional investigation reveals that marketing materials for Think Energy list Michael Fallquist as the company’s founder and CEO.

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Though it’s not clear yet why this critical information is hidden on the website. Behind MLM the first who came across as the founder of Viridian and Crius Energy was Fallquist.

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The MLM Viridian provided utility services. Listed as a “strategic partner” was Crius Energy. Paul Booth served as the CEO of Viridian Energy, while Fallquist served as the CEO of Crius.

Michael Fallquist

The Public Utilities Regulatory Authority of Connecticut said in 2015 that it will be examining Viridian’s contracts, contract renewals, customer notice policies, and enrollment procedures.

In Maryland, a consumer class-action lawsuit was also brought against Viridian and Crius Energy in that same year.

How exactly does a Ponzi scheme operate?

An investment fraud known as a Ponzi scheme draws investors with claims of great returns and no risk but fails to invest the money as stated. Instead, it pays off earlier investors with money from future investors while maybe keeping a portion of the profits. These schemes typically fail when recruiting investors becomes challenging or when multiple investors attempt to cash out. They depend on a steady flow of new buyers to operate. They are called after Charles Ponzi, who ran a similar scam using postal stamps in the 1920s.

Charges which were equating to 4 or 5 times the market rate were implied by Viridian and Crius 

Viridian declared towards the close of 2017 that it would stop operating its MLM business by March 2018.

Viridian paid $5 million to resolve “deceptive marketing & sales techniques” claims made by the Massachusetts Attorney General’s Office in March 2018.

In June 2018, Viridian paid $18.5 million to settle the aforementioned consumer class action. At the start of 2019, Crius Energy was sold to Vistra after firing staff members. Michael Fallquist, CEO of Griddy Pro, made a comeback to the utilities MLM sector in December 2020. Griddy Pro offered discounts to Texas customers via a variable rate. The condition was that customers had to keep an eye on the rate.

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All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.

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Griddy Pro

The Texas Electric Reliability Council “revoked Griddy’s authority to enter the state’s electricity market” later in that month. A $1 billion class action lawsuit was also filed in the same time frame against Griddy Pro.

A month later, in March 2021, Griddy Pro and its parent business Griddy both declared bankruptcy. Michael Fallquist seems to have introduced Think+ in or around December 2022.

Think’s + Products

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Michael Fallquist’s MLM venture

Think+ is tied to Think Energy

Think Energy has operations in the US states of Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Washington, DC. Think+ and Think Energy are connected.

Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Washington, DC are among the US states where Think Energy conducts business.

Rates vary dependent on suppliers and location within these states, just like with any MLM utility business. The Think Energy website offers quotes after a postcode is entered. I entered a few random postcodes from the regions where Think Energy provides services out of curiosity.

Think’s + Compensation

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Think+’s compensation plan is based on customer recommendations for power. These clients could include affiliates who have been recruited or retail customers. The “Free Energy Club” program offered by Think+ is noteworthy.

Clients who refer three friends will receive a 10% discount.

Clients who refer ten friends will receive a 40% discount.

If customers prefer twenty friends, they will receive a 100% price reduction.

The Free Energy Club affects various components of Think+’s compensation plan as follows:

  • The exclusion of Customer Enrollment Bonuses.
  • 25% less is paid in residual personal customer commissions.
  • Initial Generation Bonuses are not paid; instead, monthly Generation Bonuses are paid at a rate of 25%.
  • Initial Coded Bonuses are not paid, and monthly Coded Bonuses are paid at a rate of 25%.
  • New clients do not contribute to Partner Pool Pay; instead, monthly Partner Pool payments are paid at a rate of 25%.

Think +Affiliate Ranks

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There are eight affiliate ranks within Michal Fallquist’s MLM scheme. Along with their respective qualification criteria, they are as follows:

  1. Regional Energy Advisor: directly refer five consumers, and have your downline refer fifty customers.
  2. Senior Energy Advisor:  individually refers six customers, and your downline totals 250 clients.
  3. Director- directly refers eight customers, and your downline includes 500 customers.
  4. Regional Director: You directly refer 10 clients, and your downline includes 2,550 clients.
  5. Senior Director: You individually refer 12 clients, and your downline includes 5,000 clients.
  6. Partner, you refer 16 clients, and you have 10,000 clients in your downline.
  7. Regional Partner: You individually refer twenty consumers, and your downline includes 25,000 people.
  8. Senior Partner: You individually refer twenty-four clients, and your downline includes 50,000 clients.

Need to be noted that no more than 40% of the necessary consumers can come from a single leg of a uni-level team.

Customer Enrollment Bonuses in Michael Fallquist’s Scam

Think+ affiliates receive a bonus for each consumer they sign up for a communal solar or electricity plan.

  • Enroll a customer for power and receive $20.
  • Enroll a customer for community solar and get $60

Residual Personal Customer Commissions

A monthly residual commission is paid to Think+ affiliates on directly recommended clients.

The energy consumption of customers who are recommended determines residual customer commission rates:

  1. Energy Band 1 (3600–20,000 kWh/yr): $1/month for each referred client.
  2. 20,001 to 40,000 kWh/year in the second electricity band – $2 per month for each referred customer.
  3. Electricity Band 3 (40,001 kWh or more annually) – $3 for each referred customer per month.
  4. Community Solar: $50 for every referred customer.

Commission Chart in Michael Fallquist’s Scam

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Shield

Get Your Money Back Suspicious

If you have been scammed by Michael Fallquist, then you can get justice by sharing your complaint with us. We will connect with you experts and journalists who will help you get your money back and get heard by the right people.
It is strongly suggested that you do your own research before spending money online. This is a user-generated report.

The marketing for Think+ fails in that aspect. The good news is that this issue can be resolved easily. Merely arrange the commissions and bonuses in a different manner.

Although it might seem like I’m just complaining because I write reviews, the way the reward system is marketed to potential affiliates affects Think+. The possibility for Think+ to operate as a pyramid scheme is one regulatory red flag. With Think+, there is no separation between affiliate clients and retail clients.

Even though this is commonly a concern, MLM utility firms are challenged to position as work prospects, thus it rarely happens. Instead of using the $99 annual cost, the commissions are calculated based on actual energy usage. If most of Think+’s clients are connected, the business is unquestionably a pyramid scheme.

Yet, utility-based MLM businesses have never previously encountered difficulty with this. I’ll conclude by saying that Michael Fallquist needs to be honest about his background. If I could be mistaken, I believe Michael Fallquist’s past is a major factor in why Think+ doesn’t offer executive information.

These errors must be admitted because it doesn’t seem suitable for an MLM group to promote itself as a nameless corporation. Finally, there can be FTC disclosure problems. Energywell lists Michael Fallquist as a director and co-CEO. You want to make sure that running a rate comparison and entering your postcode are simple as a potential Think+ affiliate.

There are just three other usage types besides community solar. It shouldn’t be difficult to determine whether Think Energy is competitive. This is crucial because it will serve as your main tool for marketing-based customer acquisition. Savings should be made. Moreover, keep an eye out for anything that seems dishonest; given Michael Fallquist’s past, this would be a significant red flag.

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What People Say About Michael Fallquist and Think Energy

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There are many complaints against Michael Fallquist
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People call out Think Energy as a scam.

The Bottom Line 

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In an effort to profit from angry customers, Michael Fallquist launched Think+ in response to the growing cost of electricity. Think Energy’s websites are obviously misleading. You may view your rates by entering your postcode. Even with “not accessible” concerns, this is how Think+ is supposed to operate.

If you have sensitive information or have had a personal experience with Michael Fallquist but want to stay anonymous, then submit it using our secured form. You can connect with our expert contributors and help in finding the truth. We never share your information with 3rd parties.

This has an impact on the Think+ pay structure, which streamlines commissions across three consumption categories and community solar. It should be noted that community solar is now listed on the Think Energy website as “coming soon.” Utility MLM pay structures have always been exceedingly difficult to understand. The majority of this is a result of fluctuating utility pricing among suppliers. Though it avoids it, Think+’s compensation structure is presented badly.

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Think+ isolates each component rather than providing details about the upfront expenditures, ongoing expenses, and explanations for them. You gave an example of the Partner Pool bonus initially. You receive the first payment right away. The very last monthly payment is made.

The equivalents of all the other Think+ commissions and bonuses are located between these. You have to scroll up and down as a result to understand anything. This won’t make sense to the typical prospect.

Michael Fallquist- Ponzi Schemes, Fraud Through Think Energy
Michael Fallquist- Ponzi Schemes, Fraud Through Think Energy

7 Comments
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  1. I have to say that I disagree. According to the research I read. He was listed as the founder and CEO for both companies. The eighteen million dollar settlement was for false claims for savings. Perhaps he has come out with a new improved product to avoid that issue. All of the marketing and training for think plus prohibit any advisor from making false claims of that type or guaranteeing savings of any kind. I am a think energy customer. Nobody guaranteed I would save money. They just told me what the rate was in my area and I compared it to the rate I was paying. I get to lock in my rate 3 years and I can leave anytime I want without a fee. On my very 1st month of enrollment saved $70 in my home. I live in Maine and electricity is expensive up here. And I will save even more once my solar farm is completed and I go live there as well. Pretty simple to me. Not all MLMs are scams. Perhaps you don’t have all the necessary information.

  2. Avoid Michael with any of his investment schemes and try to search for some better investment schemes, as he isn’t legitimate and the reviews about this man are full of negative comments and unsatisfied clients. So don’t rely on any of his schemes, as he is very much involved in these scams.

  3. I have seen several platforms which are running even without any registration so I would request the government for catching these scammers and punishing them.

  4. After reading the list of their connection with other scammers including Delaware, Illinois, Ohio and many more makes them more dangerous as an investment platform, but yes there are other legitimate firms for investing and also take the complete information about the company before investing with them, as most of the investment platforms are having some criminal past so make sure you are with the right platform.

  5. Paying $18.5 million for settling your criminal records shows the level of scammers they are, as they are not reliable for investing so search for some better investment options as they are filled with some sort of criminal past, it is very much important for catching these criminals otherwise you will have to regret after investing with them, make sure you are not taken away by their fake schemes and investment plans most of them are fake and misleading.

  6. Not a reliable venture most of their dealers have suffered a lot so avoid investing with them, and make sure you don’t invest with them, and make sure your money is safely invested with some legitimate firm, and also wasting your time with this untrustworthy firm isn’t profitable and makes no sense, avoid at all cost.

  7. Operating these ponzi schemes and having no fear of the government is the biggest problem it is very much important to avoid these people for any type of investment schemes as they are always there to scam their users so make sure you won’t get involved with these scammers and waste your time and money behind no profitable schemes, thousands of people are have been scammed by Michael Fakkquist so it is very necessary to have the complete information about these fraudsters otherwise you will have to regret in future of investing with them. People like Michael are always planning to scam their clients with illegal means and earn profit without fearing the legal authorities, I will suggest you to maintain your distance from these scammers and search for some better options in the market. It is also observed they are famous for their fake schemes so avoid them at all costs otherwise you will have to regret investing with them, and will request you to avoid investing with this firm and make sure none of your relatives gets involved with them.

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