ShareTheWinnings is a gaming-focused MLM enterprise owned by Jeremy Duncan. Duncan lives in Indiana, according to his Facebook profile. The company’s history includes the introduction of M80 Advertising in early 2023 and The Rocket Recruiter in April/May 2023. Notably, both M80 Advertising and The Rocket Recruiter are characterized as MLM pyramid scams that include advertising and digital products.
Unfortunately, both M80 Advertising and The Rocket Recruiter failed shortly after their first launches. In response to these losses, Jeremy Duncan announced the introduction of My Traffic Powerline in August 2023. However, SimilarWeb website traffic analysis shows that My Traffic Powerline collapsed in Q4, 2023.
During its peak in September 2023, My Traffic Powerline’s website received around 860,000 monthly views. However, by November 2023, this figure had dropped significantly to roughly 166,000. These developments raise concerns regarding the viability and success of ShareTheWinnings’ endeavors under Jeremy Duncan’s leadership.
The lack of regulation or the presence of poor regulation is a huge red flag. It means ShareTheWinnings is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of ShareTheWinnings, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
ShareTheWinnings does not provide physical products or services for sale. Affiliates are restricted to advertising ShareTheWinnings’ affiliate membership as their sole marketable offering.
To become a ShareTheWinnings affiliate, individuals must pay a $20 initial charge, followed by a $60 monthly fee. Commissions are made through the recruiting of affiliates who follow the same payout system.
Affiliates get a $20 referral commission for every new affiliate they recruit. These commissions are paid out monthly as long as the recruited affiliates continue to pay the $60 monthly fee.
ShareTheWinnings uses a 3×10 matrix for residual commissions. Affiliates are at the top of the matrix, with three spots immediately behind them constituting the first level. This arrangement continues for ten layers, with commissions totaling 60 cents per affiliate per month in the matrix.
Affiliates receive a 5% check match bonus for ten generations of recruited affiliates.
To become an associate of ShareTheWinnings, consumers must pay a $20 initial charge and commit to a monthly payment of $60.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like ShareTheWinnings tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust ShareTheWinnings reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of ShareTheWinnings, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like ShareTheWinnings enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “ShareTheWinnings reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising ShareTheWinnings.
You should always look out for consumer complaints. In the case of ShareTheWinnings, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about ShareTheWinnings? You can share your complaint in the comment section or submit an anonymous tip.
M80 Advertising, The Rocket Recruiter, and My Traffic Powerline, affiliated with ShareTheWinnings, use a recycled script purchased from Automatic Web Software. The designer, Jim Symonds, emphasizes their competence in MLM software, including multiple setups. ShareTheWinnings, portrayed as a lottery-related MLM, is identified as a different version of the same script.
Affiliates are needed to choose Mega Millions lottery numbers on a monthly basis. It is unknown whether the corporation actually purchases tickets, but if they win, affiliates receive 10% of the proceeds, which are divided throughout nine layers of recruitment. This lottery syndicate association, however, does not relieve the pyramid scheme of legal ramifications.
ShareTheWinnings may be in violation of the FTC Act because it does not offer any retail products or services. As is characteristic of MLM pyramid schemes, commissions fall as recruiting declines.
Annual membership holders may remain locked in, but monthly subscriptions will end as commissions fall, eventually leading to ShareTheWinnings’ demise. Given Jeremy Duncan’s track record with prior pyramid scams, the lifespan appears to be limited, with the bulk of members suffering severe losses.
ShareTheWinnings is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind ShareTheWinnings can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust ShareTheWinnings?
All the evidence suggests that ShareTheWinnings is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Is ShareTheWinnings a scam?
Can I withdraw money from ShareTheWinnings?
Where is ShareTheWinnings Located?
How do I get my money back from ShareTheWinnings?
Launch a website/app with a generic name
A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.
Pay influencers & social media pages to promote the scheme
By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.
Send thousands of emails and make cold calls to potential victims
It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.
Make victims feel safe through “small wins”
Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.
Convince victims into investing large sums of money
Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.
Disable withdrawals & take down the website/app
Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.
Repeat the cycle
After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.