Name: Entrepreneur Future Shares
What Is Entrepreneur Future Shares?
The EFS platform was launched by Thomas Kent in May this year although he chooses not to identify himself on the website. This is supposedly a 'legitimate advertising platform' with a revenue share opportunity on the side.
... an advertising site that offers various advertising tools as well as an additional and limited earning opportunity to members through revenue sharing.
The website explains how this is an opportunity that will set you free financially and allow you to live the life of your dreams. The idea is to buy 'advertising packages' or ad packs to advertise your business and in doing so get the added bonus of earning shares in the companies revenue. This isn't quite the full story though.
Is This Really About Advertising?
There are 4 main advertising options but only 2 of these appear to be operational. You are able to purchase some banner ads and login ads to display to other members of this same system which in itself is pretty useless for anything other than promoting similar programs.
There is also an option to 'buy start page' which makes no sense and is not explained anywhere in the members area. It may refer to advertising space on the home screen of the website but either way, there are no ads are being displayed at all. Even worse is how you are asked to pay $15 to display your banner ad for 1 day when (according to the website itself) there are very few people even using the site!
This is a very ineffective and low value for money advertising platform as it stands. In my opinion, this is not about advertising and it never has been. Like the majority of these platforms the advertising is nothing more than a front for an unregulated investment scheme and is thrown in as pseudo compliance to avoid it being flagged as a Ponzi Scheme.
The Revenue Share Component
The real purpose of this website is to get people to invest in the 'ad packs' which pay out a set return on investment. In this case there are 2 ad packs paying out between 125% and 150% returns.
The $20 Ad Pack: You must purchase 100 of these to qualify to move onto the next ad pack level. This pays out 125% ROI and gives you 250 ad credits.
The $50 Ad Pack: Once qualified you can purchase an unlimited number of these which pay out 150% ROI. You also get 1000 ad credits.
The way this works is that whenever a new investor purchases a new 'position', 'share', 'ad pack' or whatever you want to call it, these funds are used to pay off existing investors who are waiting to be paid out on existing shares. This means the funds are not coming from genuine product sales or genuine company growth in the market which indicates this is operating as a Ponzi scheme.
The Referral Program
The referral program is based on the multi level marketing system whereby you recruit members who then recruit members and so forth. The company pays affiliates between 1-10% down 7 levels deep using a unilevel compensation structure as shown below.
Unilevel Downline Example
A unilevel downline structure places you at the top with an unlimited number of referrals wide under you and in this case, down 7 levels deep.
This continues 7 levels deep
In order to take part in this referral program you must purchase an ad pack yourself. Each level pays out the following commissions based on your referrals purchasing ad packs:
- Level 1: pays out 10% for whoever an affiliate directly refers into this based on ad pack purchasing
- Level 2: pays out 4% for whoever your direct referrals bring in under them
- Level 3: pays out 2% for whoever lands on the third level in your downline
- Level 4-7: pays out 1% on the remaining levels in your downline
The Reality Of This Scam
It's safe to say this is not about advertising but rather it's about investing in shares. You can make money from revenue share platforms like this in the short term but the majority don't last given the nature of the business model. This model is not a sustainable approach to investing or building an online business. Unfortunately though, it gets worse. Much worse.
The person who is responsible for this program is known as Tom Kent who also recently identified himself as 'Tom Howard'.
Tom is alleged to have ripped off a large number of affiliates/ investors in a scam known as "Flipping Money" which promised 1000% ROI's in yet another ponzi style scheme. It seems only a select few investors received payouts in the very beginning in order to boost credibility of the scheme with subsequent investors losing out completely to the tune of $100,000's.
Tom is also said to be under investigation by QLD police in Australia and law enforcement in the United Kingdom, his home country. The video below sums up the series of events relating to the Flipping Money scam quite well:
It is also known as "Flip The Seed", "Toms Money Flippers" and "Flip Your Investment" among others.
Resources To Investigate Further
Below is a list of the main resources I found relating to this program which may be useful if you are wanting to further your research.
RealScam.com: Forum thread with the latest news and developments on Tom's programs.
Flip The Seeds Scam Support: This is an entire website dedicated to exposing Tom's shenanigans. This website is a useful resource for learning, collaborating or reporting any fraud you may have been a victim of in relation to this. Tom appears to have gone to great lengths to remove any content exposing his dealings throughout the web and even went on record stating he would like to perform an illegal DDoS attack on this particular website. It appears the above website has been attacked in such a way however, it is only speculation that Tom was involved.
Change.Org: This is a petition being made to the State Commissioners office in Australia to stop this fraud continuing and has so far reached over 150 signatures. It also contains comments from those claiming to have been scammed.
To help others avoid being ripped off like this and expose this kind of behaviour I recommend sharing the above websites with those you know and on social media. The more people that know the less people will fall victim in future.
There are a lot of low quality schemes like this online but I reserve the scam rating for the worst of the worst. Based on everything I have seen I think it's safe to say very few people (if any) are going to be paid out and best case the EFS will collapse like every other ponzi in due course.
The good news is that making money online is possible but it will never happen by getting involved with crap like this or anything promising you easy money. Real success online takes real work, plain and simple. If you want to invest, it's worth choosing a regulated brokerage that is licensed and qualified to handle your funds. If you want to create an online business then I recommend avoiding anything that sounds too good to be true and anything promising quick and easy results. In my opinion, EFS is not a good advertising platform and the business opportunity is a clear cut scam.