But, now I have seen sense.
Cost: FREE until July, then $149 per month
Founder: Rob Towles
Scam Rating: 10 / 10 (definitely a SCAM)
Overall Rating: SCAM! 0 / 10
SmashFund is being pitched as a new crowdfunding programme that will run on a social network platform. The platform is not due to launch until July, but already they are making some wild claims:
- 80% revenue share model that works in a similar way to the likes of Uber, AirBNB and AliBaba!
- 100,000 members in the first three months
- 1 million members in the first year
- You can earn up to $64,000 per month!
- Social network that is going to be bigger than Twitter!
How Do You Earn Money?
By signing up today, they claim that it will not cost you a penny initially. Once SmashFund launches in July, your membership fee will be $149 per month. Yes $149 PER MONTH.
They then claim that, for every member that you personally invite, you will be paid $50 per month every month for as long as they remain a member. As well as that, you can also earn $4 per month for viral connections, i.e. connections that appear in your network that you have not personally invited.
And you can have up to 16,000 connections in your network! So, at the $4 level, 16,000 connections equates to $64,000 per month, that’s where they get their numbers from. Impressive, right? WRONG, just false, unrealistic claims designed to reel you in!
Under the hood
As I mentioned, SmashFund is not due to launch until July and, apparently, you will not be charged the $149 per month membership fee until then. However, on signing up, you have to enter your debit/credit card details NOW! Why? This just sets alarm bells ringing for me like crazy!
The website currently has nothing, just the sign-up page and your link to get others to sign up as well. It is NOT a social network, it is NOT a crowdfunding platform. What it is is a huge SCAM.
Who is behind it?
The founder and CEO of SmashFund is a man called Rob Towles. This is where the alarm bells became deafening as far as I was concerned!
Rob Towles is the man behind Efusjon energy drinks, a known pyramid scheme that was the subject of a class action lawsuit some years ago.
Take a look at his promo video for SmashFund. Would you trust this man with your money?
In my opinion, undoubtedly SmashFund is a pyramid scheme, a rip-off, yes, a SCAM and should be avoided at all costs. If you have already signed up and given them your credit card details, then I would strongly suggest that you cancel that card.
I may be proved wrong, although I doubt it, as this just has scam written all over it.
Don’t get swept along in the hysteria from people who don’t really know what they are getting themselves into, the hype (no doubt generated by the founder) and the false claims.
Remember, if something appears too good to be true, it usually is, particularly when it comes to internet marketing!
There is no substitute for hard work. There are no shortcuts to success. Learn how to build a sucessful business over time through our number one recommended opportunity, Wealthy Affiliate. This is the way to go. Please DO NOT fall for the SmashFund SCAM.