The 10 Daily Cash website, registered April 26th, 2012, lists conflicting owner details. Michael Chardi is named as the registrant, providing an address on NYStreet No. 3, Sydney, Australia. However, the listed country code is AT (Austria), not AU, and the phone number uses a +43 prefix, also for Austria. The email address provided is script4money@gmail.com.
Admin contact details further complicate the picture. Wersen Janyers is listed as the administrator, supposedly located on NY street no. 342, Florida. The country code here is UA (Ukraine), with a +380 phone prefix, also for Ukraine. The admin email is forexplanet@ymail.com. Both email addresses appear in searches connected to multiple failed, questionable investment schemes. The disparate addresses and country codes suggest fake identities.
The company sells no tangible products or services. Members invest money into the platform. In exchange, they receive a fixed return on investment over a set period. Investments begin at $10 increments. Each investment includes advertising credits for use on an internal ad network hosted on the 10 Daily Cash website.
Five investment options are offered, each with varying ROIs and maturity periods: 4% daily over 50 days (200% total), 3% daily over 75 days (225% total), 2% daily over 100 days (200% total), 10% daily over 25 days (250% total), and 5% daily over 40 days (200% total). The 10% daily option over 25 days offers the highest return in the shortest time.
Returns are split, with 70% available for withdrawal and 30% required for reinvestment into the company. On top of these investment returns, 10 Daily Cash pays a 10% commission on money invested by recruited members. Membership itself costs nothing. But no earnings are possible without an initial investment. Free members can recruit others and earn commissions, but they cannot withdraw any earnings until they invest themselves.
10 Daily Cash calls itself an "advertising program that generates traffic for your products and/or services." The website insists, in all caps, that it is "NOT AN INVESTMENT PROGRAM." Yet, buying advertising requires an investment, and the company offers fixed-rate returns on this invested money.
The refund policy clarifies the scheme's true nature. Once a purchase is made, advertising credits are issued immediately, and no refunds are offered. If members were truly buying advertising, unused credits would typically qualify for a refund. But 10 Daily Cash uses new investments to pay existing returns. This makes refunds impossible. The company's own disclaimer states that "10dailycash.com never gives and makes any guarantee of earnings or profits," directly contradicting its guaranteed set ROI. This claim is without merit.
The anonymous ownership details, combined with a compensation plan that cycles member money to pay earlier investors, mark 10 Daily Cash as a typical Ponzi scheme.