My 24 Hour Income Closes – scheme collapses on itself

My 24 Hour Income ReviewRecently, this business has been getting a lot of attention, and you may have heard that My 24 Hour Income has collapsed.

In fact, there is lots of hype and buzz going around including people pitching it left, right and centre.

I’ve noticed a lot of people pitching it on social media.

Now, first off, let me make it clear I am NOT promoting this business opportunity as an affiliate or distributor.

I have all the facts about this business in my My 24 Hour Income Review so you can learn the full truth about it!

Is the business legit or a scam?

I explain in my Review of My 24 Hour Income before you.

Let’s get started.

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What The Heck Is My 24 Hour Income?

The MLM underbelly has been around ever since the conception of legitimate MLM opportunities, with more and more people trying to scheme and scam as many people as possible out of their hard earned dollars.

Plenty of these scams are launched all the time, but time after time, they are forced to collapse or shut down at some point in time due to the way that they’re structured.

However, despite the guaranteed collapse of these underbelly scams, they continue to launch and remain the same.

One of the most common themes that’s seen within these sort of Ponzi schemes is the excuse that’s created for when the company eventually runs out of cash. With these scams, they usually collapse and fail as a result of running out of money.

My 24 Hour Income Scam

Even with this being the case, Ponzi schemes frequently come up with some wild story of hackers breaking into the company’s site and stealing funds that have been invested.

These sort of stories make the admin look innocent, even when in reality they’re simply trying to make off with whatever cash has been invested into the opportunity in question.

My 24 Hour Income is a Ponzi scheme that first launched in July of 2016, and it eventually was shut down in November of that same year.

The company was promising affiliates that they could get an ROI of up to 130% by investing anywhere from $5 and $75 into the company. Drew Burton is the man who created and ran My 24 Hour Income, and he came up with some wild story of how the collapse of the company was as a result of hackers.

Drew Burton claims that these supposed hackers store more than 800 BTC from the company’s system, equaling out to a loss equivalent of $769,384.

Despite this massive loss of cash, Burton went on to re-launch My 24 Hour Income, but it was shut down just a few days later. Following that failed re-launch, the company’s official website has had the note of “under maintenance” ever since.

Burton has been taking to social media to talk about to upcoming reboot for My 24 Hour Income for more than a month now, and it’s shaping up that the new version of My 24 Hour Income will be launching within the next few days.

What’s the plan for My 24 Hour Income this time around though?

As it stands, Burton has announced that he’s planning on the new version of My 24 Hour Income to have a strong focus on making use of previously invested funds from existing affiliates.

This is going to work by implementing a form of mandatory reinvestment from existing affiliates if they want to take part in what’s going to happen with this new variant of My 24 Hour Income.

The mandatory reinvestment will take place when affiliates try to withdraw money that they’re earned, with a reinvestment amount currently set at a whopping 90%.

Basically, if an affiliate earned $1000 within the company, they’ll only be able to pocket $100 of it. The other $900 they’ve earned is then forced to be reinvested right back into the scheme.

Here’s the kicker though. That reinvestment that needs to be dumped into My 24 Hour Income has to be new money that hasn’t already been invested. The funds that affiliates supposedly have already earned can’t be reinvested back into My 24 Hour Income, because that money simply isn’t there.

Drew Burton is saying that once “the system is built back up”, the reinvestment ratio will then be decreased to 40% rather than 90%.

Unfortunately, this doesn’t really work when you put any legit thought to this setup.

No one in their right mind would in reinvest more money than what they’re able to take out from funds that they supposedly have in their account.

This is the same general setup that was taking place with My 24 Hour Income before it shut down, and it looks like Burton really hasn’t changed a whole lot since its initial inception.

Along with the initial losses that existing affiliates have been faced with, Burton is now asking them to hand over even more cash if they want to access what they’ve already earned.

However, with affiliates having to pay more to access money they’ve made, the setup simply doesn’t make any sense.

As per Drew Burton, “All members that have been complaining non-top that the site is under maintenance or calling my 24 a scam… We have blocked your accounts for 3 months.”

This is Burton’s attempt to stop any affiliates that might try to drain the company of what little funds exist within it, and seeing as how there’s such little money floating around My 24 Hour Income, it’s likely that this new attempt at relaunching won’t last for long at all.

The new launch will operate for a little bit of time, but at some point, the company is going to run into the same problems that it’s faced before. And, once again, My 24 Hour Income will collapse.

So, Is There A My 24 Hour Income Scam Going On?

So, like with all business opportunities, you will hear things around the internet about there being a My 24 Hour Income scam or something like that.

And from what you have read, you may also wonder if this is legit or a complete scam.

So, what’s the truth?
Is there a My 24 Hour Income scam going on or is this legit?

Well, to be honest, My 24 Hour Income is not really a proper scam or anything like that.

But there are some things to be aware of (see conclusion section).

That is how you will be successful.

See below for help with making money.

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Finally, My My 24 Hour Income Review And Conclusion!

 

Hopefully, you have found my My 24 Hour Income Review useful.

I wanted to give a lot of details because there have been other reviews of My 24 Hour Income which were a bit thin on the detail side.

No matter what happens, if you really want to succeed with any business, you have to learn how to market properly.

And, my training below will help you do that and make money!

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