This is SCAM project already! Do not invest there anymore!
RichmondBerks makes their money by purchasing real estate at public auctions and then later reselling it at the secondary market at a profit, often a significant one. The company increases its revenue available for the purchase of real estate by means of its internet investment plan. This, of course, is what online investors want to know more about.
At first glance, the RichmondBerks website is overwhelming. There are many sophisticated bells and whistles leading to bonus systems and other incentives. I will try to cover at least some of them later. Fortunately, the investment plan is simple — very traditional — and I will cover that first. Like some of the plans offered by a number of other HYIPs in recent months, the RichmondBerks investment plan is what can be referred to as a “perpetual” plan. This means that you make a deposit (investment) and it continues to earn interest for you for the life of the program. This might put off a few investors. However, think about it. Sooner or later 99% of all HYIPs will stop paying. In all those cases, the plan investors were following actually turned into a “perpetual” plan as it continued to function until the program shut its doors. So, why not get involved with a perpetual plan from the beginning?
Although this is a “perpetual” investment plan, it IS possible to opt out of it. However, there is a fee of 50% of your investment in order to make this happen. This is a very serious penalty and I don’t think a person would want to do this unless he is faced with an extreme personal emergency of some sort or other. This emphasizes the importance of our standing advice to investors which is to never invest more than you can afford to lose. In this case, never invest funds that you might possibly need in the foreseeable future.
To participate in the RichmondBerks investment plan, you need an investment of at least $10. The maximum is unlimited. On weekdays, the plan pays 1.6%. On weekends it pays 0.7%. This is sensible as company revenues must decrease (stop?) radically on weekends. If you add all these returns together, this comes to 9.4% per week — which isn’t bad at all for a perpetual program. That’s close to 10% per week and that should tell you that you will break even in around 10 weeks. As an example, suppose that you invest $100 in the RichmondBerks plan. It would earn $9.40 per week for you. Hence, you would break even in 10.6 (100/9.4) weeks. So, as we estimated, in a little over 10 weeks you will break even.
There are a number of unusual features to using this program. A lot of them revolve around the fact that they have their own currency called the RichmondBerks Dollar, RBD. It is equivalent to the US dollar, so I guess there really isn’t a need for it. However, it keeps the reading interesting, if nothing else. To make a deposit, you click on the “Buy RBD” button, enter the amount you would like to invest, and choose the payment processor you would like to use. After that, things are pretty much the same as everywhere else. When you would like to withdraw, you click on the “Sell RBD” button. Payments are very fast. The selection of payment processors that you can use is very good and includes Bitcoin, Perfect Money, Payeer, and AdvCash.
For those of you interested in additional income, RichmondBerks has a fairly lucrative affiliate program. The “base” program is good. However, on top of that are a number of commissions and/or bonuses that make it even better. Let me go over the base program — which is very simple — and then take a shot at discussing some of the more sophisticated ways a person can earn additional income. With the base program you will earn “10% profit from each deposit of your partners who signed up using your partnership link. And 5% profit from each deposit of your second-level partners.” Very straight forward.
On top of the Base program is what RichmondBerks refers to as its VIP program. You automatically join this program if you invest a minimum of $1,000. One benefit is “a personal manager who is available 24/7 and is always ready to reply instantly and help the client with any question.” However, for many VIP depositors, the most important benefit is that “you will get a 5% higher profit from the partners of 1st level,” a full 15%. This is very high for the HYIP industry.
The website has a series of additional bonuses, referred to as the RichmondBerks Bonuses (RBB). The simplest additional bonus is for signing up a new partner. This instantly gets both you and the person you signed up a $10 bonus. Then, there is a whole series of additional bonuses that can come to a total of $110. These are for such things as preparing a video on the program and posting it on the website or sharing on Facebook or other social media. There is information on all this on the RBB page. Another neat feature of the website is the RBB Store. Among other things, there you “can purchase access to the 3rd level partners and make profit from them.” You receive 3% of each investment on this level.
RichmondBerks has a very nice selection of contact options. There is, of course, an email address. It looks like there is also a chat function, but you might have to catch it when the operator is standing by. Surprisingly, there is a US phone number that you can call as well as street addresses in six different cities throughout the world — and investors are invited to drop by. This is extremely unusual. Typically, a HYIP will give a street address, but there is always serious doubt if it is anything more than a place for the program to receive mail.
Bewildering at first, the RichmondBerks investment program has a number of unique and attractive features. Don’t try to digest it all at once. Take your time. A lot of effort was put into developing this program and this is a very good indication that their intent is to be around for a long time. So, think seriously about this one and possibly make it a part of your investment portfolio. As always, our advice is to diversify your portfolio and never invest more than you can afford to lose. Good Luck!
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To the Admin: We always welcome comments on our reviews — pro or con — and we will publish them in the EN blog.
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Please don’t forget that you can post your screenshots of payment, scam, or other proofs related to a program by clicking on the “Details” button in the EN monitor. Also, don’t forget that you can add your referral link when you post your proofs — another way to build your downline.
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