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Nicola Smith Jackson: Is She Involved in a Ponzi Scam? Let’s Find Out the Truth (Update 2024)

Nicola Smith Jackson
This is a user-generated post. Gripeo does not take responsibility for the accuracy of any statements made in this post.
Nicola Smith Jackson has received serious allegations of running a Ponzi scheme. Find out if those allegations are true in this Gripeo review.

“Over 25 years of entrepreneurial experience,” states Nicola Smith Jackson.

Jackson lists her engagement with Ardyss International (2008-) and Financial Education Services (2014-) as MLM enterprises on her LinkedIn page.

Before we get started with this review
Such posts are made possible by the collective efforts of our contributors. If you can provide any kind of insight into Nicola Smith Jackson or a similar company/individual, then share your information with us using our secured form.

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.

Smith is listed as living in Atlanta, Georgia, on LinkedIn. Financial Education Services was assessed a $1 million fine by the Atlanta Attorney General’s Office in 2021 for

conducting an illegal credit repair business and employing dishonest and illegal multi-level marketing techniques.

In May 2022, the FTC filed a lawsuit against Financial Education Services, saying that the MLM business was a $467 million pyramid scam.

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Nicola Smith Jackson

The FTC’s complaint is still pending as of the time of publishing.

Our Methodology

We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.

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

These reports are made possible by the collective efforts of contributors like you. If you would like to become a contributor then contact us here.

23/11/2023 Update
As of now, Nicola Smith Jackson has not responded nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by their victims. Furthermore, he has only focused on propagating his fake PR.

Jackson and Eric Worre are connected…

Nicola Smith Jackson on YouTube

Consequently, it’s possible that he recruited her to join Traders Domain.

A Pyramid Scheme: What Is It? How Does It Function?

Nicola Smith Jackson has received allegations of running a pyramid scheme.

A pyramid scam is an unethical and unreliable investment pitch that depends on guaranteeing irrational profits on fictitious investments.

The fact that the early investors receive these substantial returns prompts them to endorse the program to others. Returns to investors are paid from fresh capital coming in. When there are no more investors left, the pyramid eventually falls.

In one type of pyramid scheme, investors charge initiation fees to the investors below them, who then pay them. The higher layers of the pyramid receive a percentage of these fees as well. There is ultimately nobody left to recruit. The pyramid tumbles down.

These businesses, sometimes known as pyramid schemes, are forbidden in the United States.

  • A pyramid scheme transfers profits from all recruited members of an organization’s lower levels to members of its upper levels.
  • In the US, recruiting people to join pyramid schemes is a crime.
  • Contrary to what participants may think, the primary source of funding for pyramid schemes is not the selling of real goods or services, but rather the fees charged to attract new members.
  • Although they sometimes pass for MLMs, pyramid schemes are more concerned with the fees from recruiters than the money from product sales.

Nicola Smith Jackson: How Pyramid Schemes Operate

Because of how similar their reward arrangements are to a pyramid, pyramid schemes are so termed. The plan has a single point at the top where the original members are located, and it gets wider as it descends as more people are drawn in by each level of recruitment.

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Imagine that Mike, the man behind the scam, is alone at the top of the pyramid. He signs up ten people by promising them a significant return on their investment. The pyramid level right beneath him stands in for them.

The 10 new members or participants each pay Mike a particular amount to partake in the opportunity he is providing for them. Then, each of those members is urged to find 10 additional members, bringing the total to 100.

Now that there are 100 recruits, each one must pay a charge to the tier-two recruiters, who then must send Mike a portion of their earnings. For as long as possible, this hiring and compensation cycle is repeated. Money keeps moving up to others in the tiers above as it does this.

In pyramid scams, finding new members is the main focus. Rarely, even when hinted to entice recruits, is the real sale of any good or service involved. Other than the money received from people who are recruited, there is no other known source of income.

The hard-sell presentations presented at recruitment events claim that those who are brave enough to jump into the pyramid structure will profit significantly from the recruits below them. In reality, though, the potential member pools eventually start to shrink. By the time a pyramid scheme collapses, the top-level operators may have made off with a lot of money while the bulk of lower-level participants have been left with nothing.

Investors should be mindful of the following characteristics of pyramid schemes, according to the U.S. Securities and Exchange Commission (SEC):

  • No real goods or services
  • Promises of significant returns in a short period 
  • Simple income or passive income 
  • No evidence of retail sales revenue
  • Buy-in is needed
  • An intricate commission structure
  • A focus on recruitment

Nicola Smith Jackson: The Ponzi Scheme

Investment frauds known as Ponzi scams operate by robbing Peter to pay Paul. They may not always follow the hierarchical structure of a pyramid scheme, but they do assure current investors of substantial profits.

Ponzi schemes frequently only require an initial, one-time contribution from investors. They then watch for the promised return on their investment. That is funded by fresh capital raised from additional investors whom the scheme’s organizer successfully recruited. When funding for these types of schemes runs out, the majority of participants in Ponzi schemes lose everything.

The most well-known Ponzi scheme perpetrator, investment advisor Bernard Madoff, was given a 150-year prison term for running a multibillion-dollar Ponzi fraud. Madoff persuaded many well-known people to invest with him, faked portfolios and pertinent documents, and repaid early investors with funds from later investors. Most investors suffered total losses. On April 14, 2021, Madoff passed away in custody.

What is a Ponzi Scheme?

A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.

Nicola Smith Jackson: Why Pyramid Schemes Fail

Pyramid plans are sustainable as long as new, paying members keep joining. The base of the pyramid must expand farther. The entire system crumbles when the pool of willing and able players vanishes.

If you have sensitive information or have had a personal experience with Nicola Smith Jackson 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.

Pyramid systems can never last over a lengthy period. Money will always be lost by people. Due to waiting periods that postpone payments from lower-level recruits, even high-level early participants may experience financial loss near the end. 

It’s clear that Nicola Smith Jackson has some serious flaws.

Nicola Smith Jackson Review: Conclusion

Clearly, Nicola Smith Jackson is not as reliable as she claims to be. There are too many allegations against Nicola Smith Jackson.

The creators and early-stage participants of pyramid schemes typically enjoy the greatest success. These individuals deceitfully entice new, fee-paying members who are anxious to get the assured quick and significant financial return. These participants then bring in new fee-paying participants. This loop keeps going. The founders and previous members receive the income first. Once no additional fee-paying members can be found to support the present members with their payments, the plan normally comes to an end.

Due to these reasons, you should be extremely cautious of Nicola Smith Jackson.

Nicola Smith Jackson: Is She Involved in a Ponzi Scam? Let’s Find Out the Truth (Update 2024)
Nicola Smith Jackson: Is She Involved in a Ponzi Scam? Let’s Find Out the Truth (Update 2024)

1 Comment
  1. Novatech, Nodes, Trader Domain and Amazon store

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