Fast Dollar Tripler, an online investment scheme, promises investors 150% returns over 50 days, despite its name suggesting a 300% payout. The company's operations remain shrouded in secrecy, with no public details about its ownership or management.
The fastdollartripler.com domain was registered on February 29, 2012. However, its registration details are kept private, obscuring the identities of those behind the platform. This lack of transparency extends to all aspects of the company.
Fast Dollar Tripler offers no retail products or services. Instead, it bundles "advertising credits" with each investment. These credits are meant for use on an in-house advertising network hosted on the Fast Dollar Tripler website.
The company guarantees a 150% commission on all investments made over a 50-day period. Investments are accepted in $6 increments. Members can cash out returns once they reach at least $6, with a daily cap of $1000.
Referral commissions are also paid. A member who recruits someone earns 7% of that new member's investment. If the recruited member then brings in another investor, the original recruiter earns 5% from the second-level investment. A third level of recruitment yields a 3% commission.
Joining Fast Dollar Tripler is free. To earn commissions, however, members must either make a direct investment or recruit others who invest.
All commissions and investment returns paid by Fast Dollar Tripler come directly from new investments made by other members. This structure is a classic hallmark of a Ponzi scheme.
The company's refund policy inadvertently exposes its true nature. Fast Dollar Tripler states, "When you purchase a fastdollartripler.com Ad Unit, you are purchasing advertising... and you are provided immediately with advertising credits... As such, fastdollartripler.com does not provide any refund." If these "Ad Units" were genuine products, a refund for unused credits would be reasonable. But the money from these "purchases" is immediately distributed to pay existing members. The "Ad Units" serve merely as a pretext for taking investments, not as a refundable product.