60 Second Millionaire Scam? Yes It Is In My Opinion!
Tracy Davison goes by the nickname of The 60 Second Millionaire. Tracy took the name of “The 60 Second Millionaire” as his own because he claimed he could show you how to build a potential million dollar income with just 60 seconds of daily effort. My subscribers have requested that I take a look into the business opportunity he offers. What kind of a business can you build with just 60 seconds of effort each day?
60 Second Millionaire Scam Claims
10,000 Millionaires will be created through this program by the end of 2015. There is no reason on earth that you can’t be one of them.
I’m happy to be part of this first network marketing program that would prove to the world that any one can succeed. – Nicky Roberts
For the first time in history, hunger is afraid of something or someone that pers is Tracy Davison. – Arvin Martin
Here is a video promotion for his program.
60 Second Millionaire Scam Reality
Tracy Davison is best known as a promoter for Zeek Rewards. He claims Zeek Rewards “went out of business”, the reality is that they were shut down by the SEC for being a $600 Million Online Pyramid and Ponzi Scheme. After the shutdown of Zeek Rewards, Tracy tried to move his downline to another pyramid scheme called Penny Matrix/PMeBooks. Penny Matrix launched in early 2011 and uses a 2×14 matrix compensation plan which pays members to recruit new members.
Here is Tracy explaining why he is moving his downline to Penny Matrix/PMeBooks.
Tracy Davison left the USA for the Philippines when he learned the Zeek Rewards Receivership intended to sue him and reclaim the money he received from victims of the Zeek Rewards scam.
ANNOUNCEMENT FROM THE RECEIVER – March 3, 2014
Since my appointment as Receiver, I have said that I intended to investigate and file legal actions against those who created and operated the ZeekRewards scheme and to pursue claims to recover the money paid to the scheme’s net winners. On Friday, February 28th, I filed lawsuits in the United States District Court for the Western District of North Carolina to achieve both those goals. A list of those individuals whom the Receiver believes won more than $1,000 and therefore would be included in the class can be found here.
In the Philippines Tracy Davison has created his own scam. It is currently called 60 Smart Zone. Not that long ago it was called The 60 Second Millionaire Secrets. Once Tracy was unable to deliver on his unbelievable claims for his scam, he changed the name of it.
There are two parts to Tracy Davison’s scam. He offers a pyramid scheme and then he offers selling you the recruits under you in the pyramid scheme. A practice he learned from Zeek Rewards (who also initially sold leads (fake email addresses) to their customers), Davison runs his recruit generating business under the brand “Success Assurance”.
Some of us sent him thousands of dollars for these signups because he said once we had all these sign-ups, we’d start making really good money in PM and it would be a nice passive income forever. Everybody wants that! I sent him $1200 USD to buy 120 signups. I never got any. Only a few people ever got any. The call center (Pinoy Recruiters) was either a total fraud from the beginning, or a total disaster. He kept making all kinds of excuses why the orders weren’t being filled, and finally he just gave up on PM and started this 60-Second thing. – Source BehindMLM Comments
Current Pyramid Scheme Name: 60 Smart Zone
Old Pyramid Scheme Name: 60 Second Millionaire Secrets
Current Recruits Scam Name: Success Assurance
Old Recruits Scam Name: Pinoy Recruiters
Also, Tracy Davison is running a fake reality show to promote his scam. The reality show was removed from YouTube and is now being run on Dailymotion.
$10 per month
2 x 20 forced matrix. Which pays out 25 cents on the even levels. for example 2,4,6,8 and so on pay.
The Matrix grows like this:
You are on the top level. On your first level you have 2 people, 2nd level you have 4, 3rd level 8, 4th level 16 and it continues down 20 levels. The 19th level has 524,288 positions and the 20th level has 1 Million 1,048,576 Positions. When you add everything up. there are over 2,097,150 position in the 2×20 forced matrix.
The matrix pays you 25 cents for each person on all even levels, 2, 4, 6, 8 10 12 14 16 18 and 20.
A 100% matching bonus on matrix commissions is also paid out on all personally recruited affiliates.
Here is an example:
Let’s say you filled all 4 positions on your second level, now multiply that by 25 cents each and that equals a 1 dollar a month income.
Now let’s say you have filled all 16 positions on your 4th level. 16 times 25 cents equals 4 dollars. Now Take the 4 dollars from your 4th level and add that to the 1 dollar from the 2nd level and that equals 5 dollars a month.
This is clearly an endless recruitment pyramid scheme. Each individual who profits does so primarily from the payments of others who are themselves making payments in order to obtain their own profit.
No refunds will be issued.
60 Second Millionaire Scam Conclusion
In my opinion, The 60 Second Millionaire is a two part scam. It is a pyramid scheme with a paid recruiting scam thrown in to make additional money from the victims. Tracy Davison uses a fake reality show to pull in new people. These people think they are part of a legitimate reality show. In reality, they are pulled into a scam. I recommend you avoid the Tracy Davison 60 Second Millionaire scam.