1 reviews | Active since Member
MyElamant is a company that is purely a pyramid scheme this company is purely based on the recruitment model. They lure you in with the promise of earning 20% on all your shopping receipts which YOU upload and collect. To make it worth while you must at least load up R20,000 per week. They then sell the data on. But heres the kicker you have to pay them $99 per month and the fees go up, ypou have to buy a card that costs around $100 for the pleasure. Ontop of that they have a mebership recruiting system so you must go and recruit members and create a downline. They try and jazz up by saying it is a bizz opp with rewards and bonuses. The whole payment structure is purely based on membership recruitement this is how they gather their ROI which is as most pyramid schemes eventually runs out. You recruit 3 who in return recruit 3. There are no products you are paying for the privalage to work for these people who sell your data, they have also stolen all my receipts i cant login anymore, i have received no payment either. this is how they operate. The owner Ryan evans was implicated in a previouse pyramid scheme that was a very similiar set up and found guilty he now operates out of the usa and targets the vulnerable yet it slips through the loop holes as it is classed as an MLM which are all in the grey areas at the moment. elamant is a blatant pyramid scheme and like to steal your money . People are being duped, they are encouraged to continously recruit people thats all this business is but you as i said pay for the whole privlage by paying 3 tier mebership fees, thats like going to work and paying your boss half your salary so you can work