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Modern Money Team – Reformed Ponzi Scam

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Welcome to my Modern Money Team review. Modern Money Team is a network marketing opportunity focussing on Binary options and Crypto education. MMT also have trading signals and Crypto mining shares. The crypto mining seems to be on hold until it becomes profitable. They are headed up Dan Putman. Despite having a shady past, Modern Money Team seems legal and compliant in it’s current incarnation.

Modern Money Team have commissions for retail sales of their $49.95 monthly membership. They also have a networking marketing compensation plan, that rewards affiliates with residual income.

Once you read the review, you will be able to decide if Modern Money Team is one of the many legitimate ways to make money online.  I do not promote, nor I am I affiliated with Modern Money Team.

Modern Money Team – Summary

Key Figures: Dan Putnam

Product Type: Binary Options and Crypto Education. Including trade signals and crypto mining.

Summary: To earn you must be a Qualified Affiliate by accumulating by paying the monthly $49.95

Affiliates earn from commissions on sales. Plus MTM  have MLM Commissions.

See The Comp Plan Here.

Dan Putnam had intended to run another Crypto Ponzi like Eyeline trading. It seems something has scared him straight, well straighter at least. The current incarnation of Modern Money Team is not a ponzi. 

Rating: C

Verdict: Currently this program has educational products for Binary Options and Crypto. They also have trading signals and a dormant crypto trading operation. Not very exciting but at least it’s not a scam any more.

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Quick Navigation

What Is Modern Team Money?

Modern Team Money offer Forex and Binary options training. They also claim to be offering returns from Crypto mining. Underlying all of this is a network marketing compensation plan. Let me be up front in telling you that crypto/forex/binary options programs are often scams. We need to examine Modern Team Money carefully to work out whether it actually a scam or whether it is legit.

Whilst, I am pretty happy with the income from my top way to make money online. I am going to give this program a chance before I jump to any conclusions.

Let’s get into the details with the Modern Money Team program and products.

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Products

A membership costs $49/month and includes the following:

Training Products

Apprentice Minds & M-Life – Learn how to trade on the markets. You also get daily trading signals.

Crypto Currency Mining

This is not included in the $49 monthly membership and is not currently the focus of MMT promoters

  • $50 MMT Ether/Zcash Cloud Mining Two Year Contract (Binary CV: 20.00 PV: 50.00)
  • $300 MMT Ether/Zcash 10 Cloud Mining Contracts 2 year Contract (Binary CV: 20.00 PV: 500.00)
  • $2500 GPU MINING RIG 70-80mh/s Lifetime Contract (Binary CV: 500.00 PV: 2500.00)
  • $20 Trading Contracts 2 Year Contract (Binary CV: 10.00 PV: 20.00)
  • $50 Trading Contract 2 Year Contract (Binary CV: 20.00 PV: 50.00)
  • $300 Trading Contract 2 Year Contract (Binary CV: 20.00 PV: 300.00)
  • $500 Trading Contract 2 Year Contract (Binary CV: 20.00 PV: 500.00)

If mining is unprofitable for 60 days in a row, contracts are ended and profits are paid out. All profits are paid out in MMT token.

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Compensation Plan

Binary Commissions

Earn up to 20% of the CV on the lesser leg each week. This does not cycle. Paid every Wednesday with a week delay.

100% Rule For Total Payout

The binary plan pays up to 20% of the CV on the lesser leg volume until the total paid out exceeds 100% of company wide CV. This avoids “Binary Commission Creep” by ensuring that the company can always afford to pay out commissions owed. If this occurs the amount payed out will be reduced by an arbitrary percentage.

Sponsoring Matching Bonus

A 50% matching bonus is paid on all personally sponsored Promoters (or higher rank). This matching amount is based on the binary commission amount. Paid every Wednesday with a week delay.

Generation Matching Bonus

A 10% matching bonus is paid on up to 5 generations of Managers (or higher rank). This matching amount is based on the binary commission amount.

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What I Like About Modern Money Team

Crypto is The Future

It is good to learn how to trade crypto, everybody should. There is an argument, however that maybe a crypto/binary options MLM is not the best place to get your education though.

Good Residual Income

The money is in the residual rather than one off product sales. The comp plan and monthly member ship achieves that.

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What I dislike about Modern Money Team

Dan Putnam Has A Record Of Illegal Schemes

Eyeline Trading – Crypto ponzi. I just received an email from Eyeline yesterday saying that “commissions are temporarily paused” due to “payment processor issues”. Now anybody who follows my blog knows what this really means. Another ponzi is about to run off with everyone’s money!

One80 – Ad credit ponzi which collapsed in 2014

Binary Options Are Trash

A binary option is a high risk financial option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. 

How Regulators View Binary Options Around The World

USA – The U.S. FBI is investigating binary option scams throughout the world.

Israel –  Israeli police have tied the industry to criminal syndicates.

Europe – The European Union is publishing regulations that will ban binary options trading.

Australia – ASIC considers binary options as a “high-risk” and “unpredictable” investment option.

Regulators around the world despise Binary Options schemes attached to MLMs. This program is tecnically speaking only offering educational products and trading signals. Virtually everyone trying to trade with Binary options will lose their stack faster than a night in Vegas. The only money to be made here is by recruiting people into the $49.95 membership.

What Happened To The Crypto Ponzi?

Modern Money Team was originally going to be a good old crypto ponzi. See below:

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As you can see from promotional materials from late 2018, Modern Money team was intended to be a scummy crypto ponzi. So what happened? I will tell you what happened!

Regulators around the world, led by the USA, started kicking ass. The two biggest crypto ponzis at the time, Usi-tech and Bitconnect imploded. Every other crypto ponzi since then has only managed to stay upright for months instead of years before collapse. The bitcoin price also plummeted which leads to my next question.

What Happened To The Crypto Mining?

Modern Money Team was then shifted its focus on a Crypto Cloud Mining operation. Unfortunately for Dan Putnam, Crypto mining has been unprofitable since the crypto crash of 2018. Obviously faced with an unprofitable and thus un-sellable product a panicked Dan Putnam has been forced to focus on Binary options trading and education with trade signals. 

The Real Deal With Modern Money Team

This is going to be a lot less profitable, now that it is no longer a ponzi scam. Whilst it is not a good opportunity at least it’s legal and compliant in it’s current form.

Verdict

No thanks!, I give it a C.

#theprelaunchinspector

Julian Leahy

The Prelaunch Inspector

How I Make A Living

I have developed a strategy using a legitimate affiliate program that allows me to hangout at home with the kids all day.

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8 Comments

  1. Lawrence Rutherford

    I currently was apart of the MMT group and started recruiting people. The moment I realized things weren’t so great and I would not make that much money on the building side, I decided to stop building and the two ladies Megan and Regan seemed to be a bit unhappy. Then when I asked them repeated about my vacation vouchers they promised they got even more upset and banned me from the group and had all of my contacts from everyone I brought into their organization. Then when I tried to cash out my money they would not allow me to cash it out in and deposit it into my account as I have before. Do you have any information on what I can do and how to report this. Thanks!

    • Tired of the lies

      Lmao now you know they tails were scamming people I found out it was a scam when they seem to started telling people you couldn’t be included into the new classes and stuff unless you recruited 2 people.

      Yes it a scam glad I got out myself.

      And Anonymous person as I’m sure I know who you are but I’m not going to call you out.

  2. Tired of scammers

    Oh I forgot they brought in a so-called master trader Douglas McArthur.

    This man is a master manipulator that what he is

    Not to mention the other master manipulators.

  3. Tired of MMT

    I got involved with MMT 2 years ago and at that time the mining rigs were generating some income. I attempted to withdraw some of the profits and it never showed up in my wallet. I have since for the last 2 years ask for help on the MMT web site, sent Dan Putman numerous emails and called him several times and have not received any help from him or MMT. I have asked for the mining rigs that I purchased be sent to me as well and still no help from anyone.
    No help from [email protected] Carlos Gomez, or Angel or Dan
    If anyone else is getting scammed like this try [email protected] or (801) 888-4792 but don’t hold your breath.

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