• Report: #399485

Complaint Review: Affiliate Shares

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  • Submitted: Tuesday, December 09, 2008
  • Posted: Tuesday, December 09, 2008
  • Reported By:Tanner Alabama
Affiliate Shares
8345 NW 66th St #2616 Miami Florida 33166 U.S.A.

Affiliate Shares - Richard Sherman administrator - Cycler Program - Affiliate Marketing Program - Passive Income Builder - Passive Wealth Builder Miami Florida


1Author 0Consumer 0Employee/Owner

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This is a website that claims to be a Passive Income Builder. You invest or purchase shares for $25 each. Then they use the investor funds to pay for advertising for Affiliate Programs, like forex and MLM programs. The programs they advertise for pay them for the advertising and also commissions for any sales or purchases made from those ads. Then this Affiliate money is divided up among the investors or purchasers as income.

I thought it sound good and purchased 1 share just to check it out. At first my account did wonderfully and within 5 days my $25 had grown to almost $3,000 and I requested a withdrawal of $2,000. Then in another 5 days the amount I had reinvested had grown to over $12,000 so I requested another $10,000 payout and reinvested the balance. In the beginning Admin was wonderful, sent out e-mail updates almost daily, and responded to any support tickets within 24 hours. Then the e-mail updates stopped coming for over a month. The support tickets weren't being responded to at all. The money did not get paid within the 4-5 weeks promised on the website.

It has now been almost 10 weeks since I put in my request for withdrawal. The e-mails have started coming out again, about 2 per week, but they are no longer updates on the program but instead are advertisements for other programs. The withdrawals are still not being paid (despite the program sending out an e-mail promising all withdrawals would be paid before Thanksgiving) and support tickets are still ignored.

The early e-mails listed R. Sherman as the Administrator of the program, but recent ones (from the same e-mail address) have been signed by Richard (your upline). I assume this is the same person, Richard Sherman. The programs that we are being solicited to join in the e-mails that are being sent out are run by Nick Marks and Darren Salkeld. I do not know if these two gentlemen have any ties to or connections with Affiliate Shares, but they are in business with a scammer and should be looked at carefully themselves.

STAY AWAY FROM THIS ONE!

Jennifer
Tanner, Alabama
U.S.A.

This report was posted on Ripoff Report on 12/9/2008 8:05:51 AM and is a permanent record located here: http://www.ripoffreport.com/home-based-business/affiliate-shares/affiliate-shares-richard-she-462by.htm.

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