What is ProfitCaps? Is Profit Caps a scam?
ProfitCaps is nothing but an illegal and unsustainable scheme which claims its members that they can earn money from sport event, but in reality is just a Ponzi scheme where members need to invest money in order to get certain amount of ROI on daily basis. As per their claim, they offer upto 17% daily profit for lifetime for one time investment. Now you can smell scam on this claim by yourself because if there are some legit businesses which can make that much profit in real to pay back that much amount of interest to the investors, then all bank will be shutdown. More than that, if any company can make that much profit, why they need to open a site and collect the investment from several people and pay them unbelievable high interest when they can take a loan from a bank in not more than 1% per month interest rate, but they can’t because in order to take a loan from the bank, they need to show the real proof to be legit, which in case of Profit Caps they can’t.
There is more bad points about this company which we are going to discuss here within our ProfitCaps review in detail as below to show you what is Profit Caps in real.
ProfitCaps login and join in link:- profitcaps. com (Not Recommended to join)
Why don’t we recommend anyone to work and invest in ProfitCaps?
Actually, the first reason for not recommending ProfitCaps is simply because of its business model which is not legal and can’t be sustain for long run. These kinds of companies are known as Ponzi schemes.
Every Ponzi scheme can pay at starting and will stop paying all of sudden anytime in the future because Ponzi scheme in real doesn’t have any back up to pay back their members the certain amount of ROI. So, at starting they will keep on paying existing members using the investment of new members. They will calculate the amount of new investment coming into the company versus the amount they need to pay to those members who are withdrawing. Until the new investment coming into the system overrides the withdrawal amount, they will keep on paying. However, once withdrawal amount start to become more, they will just stop paying. So, those who join these kinds of system at first, can make some amount of money, but those who join later or invest later, definitely will lose all money. Actually, only the owner of these kinds of companies can make real money and more than 80% members will lose money.
They also give referrals commission upto 3 level on the sales of their ROI plans like MLM companies, but without selling any real products or services which makes them Pyramid scheme, another illegal and unsustainable scheme. If you don’t know what is Ponzi and Pyramid scheme, then you can find the details by clicking the following respective links:-
Ponzi Scheme:- newsonlineincome.org/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.org/2017/03/06/what-is-pyramid-scheme/
More than that, the owner details of Profit Caps is completely hidden within their website as well as within WHOIS detail which gives another prove it is a scam because none of the legit online work companies hide their owner details and it also proves that the owner of ProfitCaps themselves know this business is not going to last long. That is why even they are offering daily ROI for lifetime because they know their site is not going to survive for long run.
Actually there are lots of fake claims that we can point about this company such as they are saying they are some kind of sport related company, which they are not and so on. But, we think this much information is already enough to give you the reason why we don’t recommend this company, right?
If you want to invest in the companies like Profit Caps, then that is completely your waste of time and money. If you want to risk your hard earn cash, then that is completely upto you, but we don’t recommend Ponzi schemes like Profit Caps. So, we have listed ProfitCaps within our Bad and Scam Online works section.
So, instead of wasting your time on these kinds of too good to be true projects, it is better you come to reality because in reality these projects are not true. None of the legit companies can pay you such high amount so easily. For that you need to do work. For example, you can take a look at our list of legit online work companies by clicking this link:- newsonlineincome.org/legitimate-work-home-businesses/
We also recommend you to take a look at our No.1 recommended online work company known as Wealthy Affiliate if you really want to make money online because Wealthy Affiliate is 100% legal and sustainable online business, for details click this link:- newsonlineincome.org/wealthy-affiliate-review/
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