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Promising to pay over 1 million and still counting Nigerians for referrals seems so impressive.

Ask yourself, how many persons has joomta paid ? Did anyone in person claim the payment? 

Well, I believe you already asked yourself before reading this. 

Welcome to the story of Joomta Payment Proof. But before hitting the nail on the head, let get an overview.

Is Joomta Legit or Scam?

 

This is an overview before the main payment proof. I will encourage you read this section carefully, comment if necessary, and also remember to share 👍 .

Note, the full information about joomta is on link.

 

  • Over the years, we have reviewed lot of programs that looks like Joomta. Some acted true to the end, while many folded out.
  • Joomta unlike other Nigerian online scheme is free, 100% free and this reduce their trusted rate.
  • A platform that is assumed to pay million of users over 40k monthly will certainly be runned by a philatrophist or big business tycoon.
  • Sites like this target at making huge traffic from referrals and manipulating when it comes to payment.
  • They claim to earn from adverts and promotions, well this isn’t a good kickoff.
  • Joomta though growing fast, is yet to have earns very little from advertisement.
  • So sad, users are automatically forced to spam their friends and family with referral link in a bid to get paid.
  • Joomta has no legal office and official working hour as an organization.
  • Joomta is not a registered and license organisation. We will update this section if they meet the above mentioned.

 

Joomta Payment Proof.

 

Currently, I have searched all social platforms and web images for a legit joomta payment proof. The proof I have seen are not authentic.

Anyone can transfer N40,000 out and claim he has paid someone, then repeat the process for a couple of person and circulate the image.

That is the strategy.

Joomta has never paid anyone from legit end observation.

Apart from me, am sure hundreds of Nigerians are also anticipating for joomta legit payment proof.

If you have being paid, comment below.

 

Joomta Review – Fake Address And Contact Information

 

Until an accurate address and contact information is provided, there is no prove of them being a legal organisation.

Joomta is a Nigerian based site, bought under Namecheap Inc. They claim their address is at Panama. P.O. Box 0823-03411. This is just a big lie.

As a Nigerian based site, the contact number is supposed to start with (+234), but that is not their domain purchase contact.

Their purchase contact is

Phone = +507.8365503
Fax = +51.17057182

 

Read Detailed Review About Joomta Legit or Scam Here.

 

Disclaimer

Team Xycinews will update this article if need be.

 

Sharing is Appreciation 👍

Commenting is Love 💕

 

 

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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9 Comments

9 Comments

  1. TIMMY

    March 22, 2019 at 7:00 am

    YES YOU ARE RIGHT

  2. Ercross

    March 22, 2019 at 8:14 am

    I was so skeptical of their ill cooked up lie. Any right thinking business person wouldn’t model a business in such a way. They claimed to earn from adverts. What will make registered user keep visitation the site on a daily basis when there is no reward for daily visits.

  3. Ayeni Adeyinka yakub

    March 24, 2019 at 2:51 am

    What annoys me most is when u forget ur password thats the end they will claimed to have sent a link to ur email,a very big lie
    Another one why i believe they are scam is this telling me that i have to refer at least 5peole a week for the four weeks that is in a month or less no payment Even though i refer 100 peole in that month and it happens that one out of the week is less than 5. Can u just imagined

    • Xycinews

      April 1, 2019 at 5:20 am

      That is what am saying. Share the article

  4. Ibanga udoakang

    March 28, 2019 at 8:31 am

    What am seen is joomta is a real organization that want to help people from poor factors to a rich factors that is why I decided to join and believe it wll be real for live am proud of being a member

    • Xycinews

      April 1, 2019 at 5:25 am

      We are not objecting your decision.
      But Xycinews still claims Joomta is SCAM.
      THANKS

  5. Pingback: Stop and Read This JOOMTA Review - Is Joomta.com Scam or Legit! - Xycinews

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Review

MyCOM Review: Failed ecom platform turns to crypto fraud

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Owing to MyCOM intentionally omitting details of their MLM opportunity in their marketing, this isn’t a typical BehindMLM review.

Hiding information is a common occurrence across the various facets of parent company Tesora Financial’s operations, which made putting together this review a headache.

On that basis alone I’d recommend avoiding MyCOM and Tesora Financial. MLM companies only go to these lengths to hide information when they’re up to no good.

If you want to know what exactly MyCOM and Tesora Financial are up to, read on.

MyCOM is headed up by founder and CEO Jaime Villagomez.

Villagomez is also founder and CEO of Tesora Financial Group (dba Tesora International) and all its attached shell companies.

Villagomez runs MyCOM and Tesora Financial Group from Utah in the US.

MyCOM launched in 2017 as an ecommerce platform MLM company.

Four years later, here’s how that’s going:

MyCOM’s marketplace is a failure on every measurable metric. Thus it’s not surprising Tesora Financial and Villagomez have jumped on the crypto bandwagon.

Before we get into that though I want to go over what MyCOM is pitched as.

Essentially you’re looking at the usual closed ecommerce portal with cashback. As opposed to actual cashback, affiliates, customers and businesses are paid in COMS – which Villagomez stresses “isn’t a cryptocurrency”.

That’s disingenuous though, because at some point there does appear to have been a crypto component to COM points:

That distinction aside, COMS might as well be an in house MyCOM cryptocurrency.

Retail customers receive COMS when they purchase products on MyCOM’s empty marketplace. They can’t cash them out.

Retail merchants are paid in COMS, which they can cash out.

Whether MyCOM affiliates can cash out COMS isn’t specified, which likely means they can (hush hush).

Oh and for some reason COMS can be directly invested into, which makes no sense other than as a money spinner for MyCOM.

On the MLM side of things whether commissions are paid on MyCOM investment isn’t specified.

What we do know is MyCOM charges merchants fees, which funds the cashback (referred to as “shareback” because reasons).

Of this collected cashback fee from the merchant, MyCOM keeps 30% and pays

  • 30% to the purchaser
  • 1% to 4% to the referring MyCOM affiliate (based on how much they’re paying in fees)
  • 4% to the MyCOM Pro Advisor assigned to the store
  • 15% to “regional managers”
  • 20% through a ten-level deep unilevel team

MyCOM intentionally hides this unilevel compensation structure. You won’t find it anywhere on the internet or in their marketing videos.

The reason I’ve seen cited for the deception is because MyCOM doesn’t want to be seen as an MLM company. They feel this will better position them to attract merchants (see screenshot above, that’s going swell).

Shady business practices aside, MyCOM’s Marketplace failed because it’s an outdated model.

MyCOM charges customers for access based on a three-tier pricing model:

  • Basic – no cost
  • Plus – $60 annually
  • VIP – $120 annually

The more you pay the more COM points you can earn.

Oh and as a potential customer, you have to be referred by an existing MyCOM affiliate.

That’s going up against the multitude of free apps and browser cashback/voucher extensions – all of which provide vastly superior coverage of available merchants.

No fees, no restrictive ecosystem to buy into, and some of them actually offer cashback.

That’s what MyCOM’s Marketplace business model is competing against. So it’s no wonder the concept failed.

This is the Achilles’ heel of every MLM ecommerce cashback platform. Fees have the be charged somewhere or there’s no commissions to pay out.

With respect to affiliate fees, MyCOM charges:

  • Business Consultant – $360 annually
  • Professional Rep – $600 annually
  • MyPoint Pro – $900 annually

Again, how much you spend directly impacts earning potential.

MyCOM’s business fees are:

  • Free – no cost, capped at $500 Shareback
  • Plus – $100 annually, capped at $50,000 Shareback
  • VIP – $300 annually, capped at $150,000 Shareback

Same story.

MyPoint membership is $900 annually or $75 a month. It appears to be a purely “upgrade your income potential” membership fee.

Whether commissions are paid out on the above membership fees is not disclosed. I’d assume so, otherwise what else is MyCOM doing with those fees?

Anyway now that we’ve established what MyCOM is and why it failed, let’s move onto the next phase of Tesora Financial: crypto shitcoins.

There are a ton of shell companies within Tesora Financial, only a few of which have been elaborated on.

The primary companies we’re going to reference are Bitcoin Trust, Tesora Trust, Tesora Custody and Tesora Exchange.

Tesora Financial’s primary shitcoin is Bitcoin Trust.

Based on the company’s roadmap, Bitcoin Trust (BCT) is an ERC-20 shitcoin.

ERC-20 shitcoins can be set up in five minutes or so on the ethereum blockchain, at little to no cost.

MyCOM affiliates invest directly into BCT through their backoffice.

As per the above example from Jaime Villagomez’s backoffice, Tesora Financial sells BCT to affiliates for 0.9994 USDT each.

The primary reason for BCT investment, as per Tesora Financial’s own marketing, is the implication that affiliate investors will eventually be able to withdraw more than they invested.

Due to aforementioned secrecy, I wasn’t able to ascertain whether commissions are paid on BCT investment.

Once invested in, BCT is parked with the company. In exchange for doing this, Tesora Financial rewards affiliate investors with more BTC. Internal value goes up, and thus affiliates cash out more than they invested.

In other words BCT is your typical MLM crypto passive investment scheme.

Built into this a shitcoin factory (why stop at one shitcoin), purportedly attached to themed smart-contracts.

One of these shit tokens is “mobility token”:

In a mobility token promo video uploaded in August 2020, My ECOM pitches “you can drive you dream car, for free”.

The idea is affiliates invest in mobility tokens, get more mobility tokens as a return, cash out other people’s money and that money is used to pay off the car loan.

The mobility token scheme has a place on Tesora Financial’s website under “AutoMobility”.

There you find a link to another website, “automobility.it”.

As far as I can tell, Auto Mobility is an independent Italian business that predated MyCOM.

Naturally there’s nothing about a mobility token on Auto Mobility’s website.

The only reference I found was one post on Auto Mobility’s official Facebook page, dated August 2020.

Seems kind of odd Auto Mobility isn’t advertising free cars all over its website.

Other themed shit tokens Tesora Financial pushes is a business startup (power start) and real estate (power house). Same nonsense, invest in tokens, park tokens, get more tokens, cash out – free everything.

Tesora Trust is a secret passive investment opportunity. It has a place on myCOM’s website but the company is intentionally opaque about specifics:

“Holding assets” sounds like another avenue to park tokens, get more tokens and cash out through.

The linked website domain, “tesora.io”, naturally doesn’t work.

Tesora Custody is a passive bitcoin investment opportunity, accessible through myCOM.

Deposit your bitcoin into Tesora Custody and earn more coins!

There is no sense in holding your bitcoins without trading, place them on deposit, and make them work for you!

Sounds like your typical crypto trading Ponzi scheme ruse.

Finally we have “Mining Farm by Tesora Group”, another passive investment opportunity.

Mining Farm by Tesora Group allows through Tesora tokens [sic] for community members to participate without having to manage the technology.

This is the only reference to a “tesora token” I came across.

By offering multiple passive investment opportunities through their MLM opportunity or otherwise, Tesora Financial Group and Jaime Villagomez have created and are promoting multiple securities offerings.

With all of this going down in the US, this means myCOM and Tesora Financial Group need to register their securities offerings with the SEC.

Neither MyCOM, Tesora Financial Group, any of the known shell companies or Jamie Villagomez are registered with the SEC.

And now you know why this is all kept secret and quietly marketed behind closed doors.

To recap;

  • myCOM is a failed ecommerce platform MLM company that hides the fact its an MLM company;
  • parent company Tesora Financial Group has jumped on the crypto bandwagon, launching several passive investment schemes;
  • neither myCOM or Tesora Financial Group are registered with the SEC, meaning the company is committing securities fraud and operating illegally.

You know the drill. This won’t end well.

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Review

hypertech.pro

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In addition to reviewscenter.net will try to provide their observations and make the best review here. But this monitoring is not complete without your comments, messages and reports. So post your comments on the investment system provided at the end of each post or email reviewscenter.net@gmail.com

NOTE:

reviewscenter.net is not a financial and investment system and it never enter into the investment services’s area.
Our main task is to provide the correct payment for hyips and their related data.
reviewscenter.net has no responsibility for your investments.
Do your investment with more observation and investigation.

Is hypertech.pro Scam or Not?

Read articles you may want:

everything a beginner needs to know

how to start investing in bitcoins

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Review

expertbtctrade.com

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In addition to reviewscenter.net will try to provide their observations and make the best review here. But this monitoring is not complete without your comments, messages and reports. So post your comments on the investment system provided at the end of each post or email reviewscenter.net@gmail.com

NOTE:

reviewscenter.net is not a financial and investment system and it never enter into the investment services’s area.
Our main task is to provide the correct payment for hyips and their related data.
reviewscenter.net has no responsibility for your investments.
Do your investment with more observation and investigation.

Is expertbtctrade.com Scam or Not?

Read articles you may want:

everything a beginner needs to know

how to start investing in bitcoins

Continue Reading

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