Richmond Berks Review – Good Opportunity Or Big Scam?

Richmond Berks ReviewHave you been hearing a lot about Richmond Berks lately?

There is a lot of hype happening for Richmond Berks, and people are pitching the opportunity all over the place – especially on social media.

The first thing I should tell you is that I am not associated with Richmond Berks in any way.

I have gathered all the pertinent facts about this opportunity in my Richmond Berks Review so that you can know the full truth before signing up.

Is Richmond Berks a scam? Or is it really legit?

Will I be able to make real money with it?

I tell you all in my Review of Richmond Berks.

Let’s get going!

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What Is Richmond Berks Exactly?

Richmond Berks has been making quite a fuss in the MLM world as of late, and with that being the case, I decided that now would be a better time than ever to conduct my full, in-depth review of the company.

The company was supposedly founded back in 2008 by John Richmond and Klint Berks, and according to the company’s website, these two men made acquaintances with one another at an auction that they were attending.

The rest of the story is as follows –

“One year later together with two other brokers they founded a company that specialized in purchase of real estate at auctions and its further resale at the secondary market. In 2016 due to conflict of interests, Richmond and Berks sold their shares and founded a new corporation – Richmond Berks.”

This story falls right into place with the domain name registration for the Richmond Berks website that took place on September 29th of this year (2016), but unfortunately, that’s about where the coherent story-telling stops.

Prior to the launch of Richmond Berks that took place a few months ago, there isn’t any other information about John Richmond or Klint Berks anywhere online. The Richmond Berks website was registered under a private state, and there aren’t any detailed bios for either of the company’s two founders to be located anywhere at all on the website either.

All of this creates for a rather fishy situation, and the lack of any sort of info on either of these two men raises the question as to whether or not they actually exist. It isn’t uncommon for MLM underbelly scams to make up individuals and use them for marketing, and from the looks of things, that very well could be what’s taking place here.

Richmond Berks Scam

What Will I Be Selling With Richmond Berks?

Switching over to the product line side of things, the bad news keeps on coming.

Richmond Berks is yet another MLM opportunity in which there isn’t any sort of product line to speak of, and this results in a situation in which affiliates for the company have nothing more than the affiliate membership to market and sell to interested parties.

Along with this, it also means that retail ales aren’t taking place at all. Retail sales often serve as the primary source of income for any honest opportunity in the MLM world, so they lack of them here certainly is very troubling.

What Should I Know About The Compensation Plan For Richmond Berks?

As for the compensation plan that Richmond Berks is advertising, affiliates are tasked with investing their cash into things called “Richmond Berks Dollars” – or RBD for short.

Richmond Berk Dollars are used by affiliates within the Richmond Berks system, but outside of said system, RBD hold no real world value whatsoever.

The company markets that they can pay a daily ROI of 1.4% on Richmond Berk Dollar points thanks to additional RBD points.

All withdrawals that take place within the company are made out in USD, but the kicker here is that Richmond Berks keeps hold of 50% of any all withdrawal requests that are made. So, if you want to withdraw $100 that you’ve earned within the company, you’re actually only going to be able to get your hand son $50.

In addition to all of this, affiliates are also given the opportunity to earn even more RBD points by participating in “certain activities.”

Referral commissions are also present here, and these are paid out through the use of a unilevel payment system. Level 1 affiliates results in a 10% commission, and level 2 pays out 5%.

What’s The Membership Fee For Richmond Berks?

Interested in becoming an affiliate for Richmond Berks? You can choose to join the company as an affiliate for free, but you’ll need to hand over real money for the Richmond Berks Dollars that I previously outlined if you’d like to participate in the MLM opportunity that’s being offered here.

Is Richmond Berks Really A Scam?

If you’re like me, you’ve been researching Richmond Berks and you may have heard that it is a total scam.

From what you have read above, you may not be able to tell if it is legit or not.

So, is it really a scam?

Is Richmond Berks a scam, or can you trust the company?

I would say Richmond Berks isn’t a complete scam, but there are definitely some things you should be cautious of – check out the conclusion to find out what those are.

Being prepared will help you be successful. Also, see below to get my tips for making money.

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My Conclusion For Richmond Berks

So, with all of that said and done, what kind of opportunity are we looking at here?

It shouldn’t come as too much of a surprise that Richmond Berks is operating as a rather typical Ponzi scheme.

Nothing is being sold to retail customers, and the only identifiable source of income comes directly from affiliates. Newly invested funds are used in turn to pay off existing affiliates, and this is where the Ponzi nature of the company comes into play.

And, as if that wasn’t bad enough, the lack of information on the business’ two founders is also quite troubling – not to mention that there isn’t any available background for the supposed 16 other employees that are also mentioned on the Richmond Berks website.

The website claims that “Richmond Berks LLC (Richmond Berks) is registered with the Securities and Exchange Commission under the Investment Advisers Act”, but this turned out to be complete bogus.

I researched the SEC’s database, and there aren’t any entires at all for either “Richmond Berks” or even “RichmondBerks.”

All of this issues aside, we’re still left looking at a Ponzi scheme that’s asking people to hand over real money in turn for worthless virtual currency that will offer a reported daily ROI.

As all of these schemes tend to go, Richmond Berks will collapse once recruitment and investment levels die down.

Only the anonymous admin(s) behind the company will make off with any sort of real cash, and most everyone else who decides to get involved with this one will end up losing out.

I sure hope you have found all the information in this Richmond Berks Review helpful.

Some reviews may be biased or trying to sell you something else, so I wanted you to have all the details from someone not affiliate with Richmond Berks.

If you decided to move forward with Richmond Berks, you’ll still need help marketing yourself.

My FREE training will help you with that.

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