ResClub is known as a real estate MLM corporation that owns its headquarters in Florida and seems to have been operating since late 2019.
Despite that the business was formed in 2019, ResClub did not officially begin as an MLM business till mid-2022.
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Oversight of ResClub Company
The company is said to be created and formed by Craig Shawn Williamson who is also the CEO of the company.
In his ResClub Corporate Profile, Williamson was said to have functioned for Four Seasons, Hard Rock, Fairfield, AECOM, and Nicklaus Corporation.
Most lately he worked at Encore Capital Management throughout his virtually 20 years of expertise in the sector of branded investment luxury property.
He has been functioning in the vacation home enterprise since 2003. And I believe Williamson’s initial business endeavor as an MLM executive is ResClub.
More About ResClub
Another name I remember is the name of the vice president of global sales for ResClub, he is known as Peter Jensen who also has an involvement with Real Rise Academy which was how we got to know about him.
According to presumptions, Jensen is no longer an employee at ResClub because of his executive position there. The MyResClub Team is over 30 years of effective international networking marketing expertise.
Peter Jensen has always been at the top of his game in network trading, developing some of the largest deals groups in the business’ history and most notably with YTB travel, which produces more than 3.5 billion in global sales.
Jensen demonstrated himself s one of the ultimate YTB pyramid project advocates. A case was filed against the corporation in 2008 by Attorney General Jerry Brown of California.
The economic model of the corporation had to be adjusted which was as a result of an out-of-court concession, which also led to a reduction in membership due to negative press.
At the midpoint of 2010, Jensen established AMA Nation after departing from YTB in 2009. After a year, in 2011, AMA shut down its MLM enterprise and robbed its affiliate’s clients.
Jensen confessed that he was committing tax evasion in 2012. Consequently, he was given a fine of $2.1 million and spent 31 months in jail in 2013.
Jensen did not serve the whole sentence. He introduced RE247365 after his early release at the midpoint of 2014. RE247365 was a membership pyramid scam with a real estate notion.
Products From ResClub
There are no products from ResClub. Affiliates can only facilitate ResClub cohort membership in and of itself.
Membership in the ResClub affiliate program grants access to a third-party cashback medium and an inactive investing plan.
ResClub Compensation Plan
ResClub affiliates make investments in a variety of fixed ROI real estate-related opportunities.
Below are ResClub’s most recent instances:
- The minimum investment yearly is $5000 with a rate of 15% (pitched as a Florida real-estate investment deal)
- $5000 minimum investment generating 18% annually (pitched as a Florida real-estate investment deal)
ResClub’s investing program has zero in standard with MLM features. Rather, affiliates obtain a cut of the money that customers suggest to ResClub’s reward network.
Ranks For ResClub
The payout structure of ResClub has seven affiliate tiers. Beneath are the tiers, along with their respective qualifying pinnacles:
- TA1: Become a ResClub affiliate and spend all dues on time per year.
- TA2: Find an affiliate.
- TA3: One of the affiliates you directly engaged must engage another affiliate.
- TA4: One of the affiliates you directly engaged must engage another affiliate, who then hires another affiliate.
- TA5: Find and keep 10 affiliates.
- Two TA5s or above on your downline, one in each of two distinct unilevel team legs, is required for TA6.
- TA7 requires that you have two downline TA6s or higher, one in each of two different unilevel team legs, plus a third unilevel team leg with a TA5 or higher.
Direct Cashback Commissions for Referrals
The affiliates of the company receive 20% of the money given to personally recommended customers of ResClub’s cashback program. Affiliates or free retail members might be referred users.
Employer Commissions
An affiliate is placed at the top of the unilevel team structure and each affiliate they recruit is placed immediately under them.
New affiliates conveyed by any level 1 affiliates are counted to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.
ResClub sets a limit of six paying unilevel team levels:
- Level 1 (personally recruited affiliates): $60
- Levels 2 through 5: $20; Level 6: $10
Affiliates of ResClub who bring in five other affiliates will receive a $100 inducement.
ResClub Sign-Up Procedures
Below are the procedures to follow to successfully SignUp on ResClub platform
- First, type in your name (First name and last name)
- Then, put in your Email address and confirm it in the next box
- Create a password for your account
- Click the next box to select your country
- Don’t forget to tick the “I agree” option and do the reCAPTCHA
- Lastly, hit the Sign-Up button
ResClub Login Procedures
To log in, carefully follow these important steps:
- First, open this link https://invest.resclub.com/users/sign_in, when the page opens
- Then, type your Email address in the first box
- Lastly, input your password and hit the Login button
Conclusion
Provided that ResClub has been vending its real-estate investment scheme (without MLM) since 2019, and Williamson does appear to have a history in real estate, I think there’s no Ponzi scheme at play here. At least not a full-blown one.
However, it implores the question of why ResClub hasn’t documented with the SEC.
Daily return MLM Ponzi schemes can last several months if they take off. Monthly ROI MLM Ponzi schemes can last years.
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Frequently Asked Questions
What is the loan to value of residences held by ResClub?
ResClub-owned inventory will carry a maximum of 70% debt, typically less.
What protections are in place for members?
ResClub’s capital partner has pledged a $50 million bond that is a note on our balance sheet. However, ResClub maintains a minimum loan to value of 70% (30% minimum equity) in all properties.
Who services the debt and is there a cap on borrowing against each asset?
Residence Clubs International, LLC services the debt and club member ROI via rental income. 70% cap.
How much can I invest?
The amount of funding you can invest depends on your status as an investor, the governing regulation, and the limits the issuer has chosen to place.
When you begin your investment, you will be shown both the maximum and minimum investment limits.
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