Golden Grove Review: Another Reboot of a Collapsed Ponzi Scheme?
- Crypto MLM Reviews
- September 30, 2024
Welcome to my Golden Grove Review!
Golden Grove is the latest MLM venture making rounds, but don’t be fooled by its shiny new branding. A closer look reveals its deep ties to Golden Way, a Ponzi scheme that collapsed in early 2023. Let’s dig deeper into Golden Grove, its structure, and why it’s likely to follow the same path as its predecessor.
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If you want to know more about Golden Grove keep reading…
Who’s Behind Golden Grove Review? Good Luck Finding Out
As is often the case with MLM Ponzi schemes, Golden Grove fails to provide any verifiable ownership or executive information on its website. The company’s domain, goldengrove.world, was registered privately on July 22nd, 2024.
A quick visit to Golden Grove’s official YouTube channel reveals a suspicious connection to Golden Way, with multiple videos featuring the name Golden Way in the titles. Backdated blog posts on Golden Grove’s website also make numerous references to Golden Way.
For those unfamiliar, Golden Way was an Eastern European Ponzi scheme fronted by Olesya Galusha. The scheme collapsed in January 2023, shortly after a pyramid fraud warning was issued by the Central Bank of Russia in 2022. Despite its collapse, the scammers have kept Golden Way’s website online.
Now, a year and a half later, it seems the same scammers are back with Golden Grove.
Golden Grove’s Products: None to Speak Of
Golden Grove offers no actual products or services. Affiliates are only able to market the affiliate membership, which is a hallmark of Ponzi schemes that rely heavily on recruitment.
Golden Grove’s Compensation Plan: A Cycler Ponzi in Disguise
Golden Grove operates through a multi-tier matrix cycler, with positions priced between €50 and €10,000 EUR. The compensation plan uses a 2×2 matrix structure, which looks like this:
- The affiliate sits at the top of the matrix, with two positions directly beneath them.
- These two positions split into four more, forming the second level of the matrix.
- Once all six positions are filled, the affiliate is promised a 300% ROI.
The specific tiers that have been disclosed include:
- €50 EUR
- €500 EUR
- €1000 EUR
- €2500 EUR
- €5000 EUR
- €10,000 EUR
To continue earning, affiliates are required to reinvest in another cycler position after filling a matrix.
Cost to Join Golden Grove Reviews
While joining Golden Grove is free, full participation in the income opportunity requires affiliates to purchase a minimum €50 EUR cycler position.
Conclusion: Golden Grove is Another Ponzi Scheme
When it comes down to it, Golden Grove is a reboot of Golden Way, but with fewer frills. Instead of the investment scheme Golden Way operated, Golden Grove has reduced its operations to a simpler cycler Ponzi scheme.
In this setup, affiliates invest into different cycler tiers, hoping to profit from future investments made by others. However, once recruitment slows, the entire system collapses, leaving participants—especially those who join late—at a loss.
Golden Grove’s use of the term “monogate” for its cycler scheme is just a rebranding attempt, but it doesn’t change the core mechanics of the Ponzi structure.
The inevitable result? Just like Golden Way, Golden Grove will collapse, with the majority of participants losing money.
If you’re considering joining Golden Grove, look at what happened with Golden Way—this scheme is headed for the same fate.
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