Beonpush has flooded Facebook and other social media sites with its offers and incredible return commitments. But is Beonpush legit?? Or Is Beonpush a Scam?? Let us analyze the product in details.
What exactly is Beonpush?
Beonpush is a HYIP (High Yield Investment product) which claims to invest in different sectors to provide a return of 0.5%-1.5% daily till the returns reach 150%. They claim they do real time bidding of advertisement placements and hence they have the ability to pay such high returns.
You will have to systematically invest a minimum of $20 per month for a minimum of six months.
This has all the features of a Ponzi scheme and primarily is using the greed of extremely high returns as a bait. Actually, the high ROI should be a turnoff for people looking to invest, since such high ROI’s are generally not possible.
Also, how the company will be paying such high returns is not sure. They claim that the returns are from RTB (Real Time Bidding), but the features and how they are doing it is extremely complex. Thus it would be impossible for anyone in general to understand how this return is coming. Even RTB experts have found Beonpush’s scheme impossible to understand.
Security and Exchange Commission of USA has already highlighted that such complex investment products are generally the front-end for Ponzi schemes. Thus it is always safer to avoid investment in schemes which is difficult to understand.
In a Nutshell:-
Beonpush has all the characteristics of a Ponzi scheme and it is always good to avoid such schemes where the methodology of operations is also not known or is vague. It is always better to avoid such get rich soon products as most would be scams or Ponzi schemes.
In case you are serious about making money online I suggest you read my article on how to get started on an online business.
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