Golden Grove Review: GoldenWay reboot Ponzi
- 24.09.2024 20:10
Golden Grove fails to provide ownership or executive information on its website.
Golden Grove’s website domain (“goldengrove.world”), was privately registered on July 22nd, 2024.
A visit to Golden Grove’s official YouTube channel reveals multiple videos featuring “Golden Way” in the title:
Backdated blog posts on Golden Grove’s website also feature Golden Way:
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Golden Way was an Eastern European Boris CEO Ponzi scheme. fronted by “Olesya Galusha”.
Following a pyramid fraud warning from the Central Bank of Russia in late 2022, Golden Way collapsed in January 2023.
It should be noted that despite it collapsing, the scammers behind Golden Way have kept the company’s website up.
Now, a year and a half later, it appears the same scammers behind Golden Way have launched Golden Grove.
Read on for a full review of Golden Grove’s MLM opportunity.
Golden Grove’s Products
Golden Grove has no retailable products or services.
Affiliates are only able to market Golden Grove affiliate membership itself.
Golden Grove’s Compensation Plan
Golden Grove affiliate purchase positions in a multi-tier €50 to €10,000 EUR matrix cycler.
Golden Grove’s cycler utilizes 2×2 matrices.
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A 2×2 matrix places an affiliate at the top of a matrix with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Positions in each matrix are filled via cycler position purchases by directly and indirectly recruited Golden Grove affiliates.
Filling all six positions in the matrix pays an advertised 300% ROI:
Once all six positions in a matrix are filled, a new position purchase is required to continue earning.
Note that while they disclose the range of tiers in their cycler (€50 to €10,000 EUR), only some specific tier amounts have been disclosed:
- €50 EUR
- €500 EUR
- €1000 EUR
- €2500 EUR
- €5000 EUR
- €10,000 EUR
Joining Golden Grove
Golden Grove affiliate membership is free.
Full participation in the attached income opportunity requires a minimum €50 EUR cycler position purchase.
Golden Grove Conclusion
Golden Grove is a stripped down continuation of the fraud started with Golden Way.
Golden Way’s investment scheme with a fleshed out MLM compensation plan attached is gone. In its place is a simple cycler Ponzi.
Golden Grove affiliates invest into cycler tiers. They then proceed to steal subsequent investment till their 2×2 matrix is full.
In an attempt to present a simple 2×2 matrix cycler as something new, Golden Grove is calling its cycler investment scheme a “monogate”.
Other than affiliates being able to manually join pre-existing matrices not yet filled, Golden Grove’s cycler operates like any other cycler.
As with all MLM Ponzi schemes, once Golden Grove affiliate recruitment dries up so too will new investment.
Being a cycler Ponzi, this will see Golden Grove’s matrices begin to stall.
Once enough matrices have stalled, an irreversible collapse is triggered.
With no external source of revenue, math guarantees that when Golden Grove inevitably collapses, the majority of participants lose money.
Look no further than Golden Way to see this in action.
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