Back when we
first reviewed Global Coin Reserve
, it was little more than a continuation of Robert Corriveau’s previous matrix-based recruitment schemes.
That was back in September 2014. What with Corriveau ousted earlier this year, rumblings of the GCR coin launching and a name change to Global Currency Reserve, we figured it was time to revisit the GCR opportunity.
The Company
Details surrounding Robert Corriveau’s departure from Global Coin Reserve remain sketchy.
Six days after BehindMLM’s Global Coin Reserve review,
Corriveau gushed
about his recently launched opportunity:
Global Coin Reserve. Yes I am the CEO and owner of this company too.
I started this company to hopefully help people better understand cryptocurrency and everything it has to offer. At the same time, I hope to build a new cryptocurrency called GCR Coin.
I only want to help as many people as I CAN to better understand this market, and HOPE to profit from this amazing world.
February 2015 saw Corriveau depart GCR, and nobody seems to know why.
Global Coin Reserve themselves swept the matter under the carpet, scrubbing Corriveau’s name from the GCR website and listing Robert Wood (right) as CEO.
Wood, who usually goes by Bob, first appeared on BehindMLM’s radar as the President of
CloudZow
in 2012, and Chief Technical Officer of
Zazzed
in 2013.
Both opportunities primarily focused on recruitment of new affiliates (CloudZow did have a token retail offering), with both having since shut down.
Wood taking over as the head of Global Coin Reserve is all very well, but a lack of disclosure regarding Corriveau’s abrupt departure continue to cast a shadow over the opportunity.
As to the name change. In Wood’s updates to affiliates he signs off as the CEO of Global Currency Reserve, but the GCR website and marketing material are yet to reflect the change.
The Global Currency Reserve Product Line
Global Currency Reserve now has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
Once signed up Global Currency Reserve affiliates are given access to “wealth builder tools”, which GCR claims “can help you”
– Maximize Tax Deductions With Our Estimator Tool
– All Your Home Business Expenses
– Reduce Your Personal And Business Debt
– Repair Your Credit Regardless Of Condition
– Also Includes A Full Financial Education Library
Affiliates can only pay for GCR coins (mining), however at the time of publication the GCR Coin cryptocurrency has yet to launch.
The Global Currency Reserve Compensation Plan
Previously GCR affiliates purchased $69.95 to $299.95 a month matrix position subscriptions, with direct and residual commissions paid out via a 2×15 matrix.
A $29.95 direct recruitment commissions only option was also available.
The core of the Global Coin Reserve compensation plan has remained intact, however GCR coin mining is now being advertised and the upper limit of affiliate membership is $2999.
🤖 Quick Answer
What is Global Currency Reserve's business model?Global Currency Reserve operates through a membership-based structure requiring monthly payments of $2999.95, ostensibly for cryptocurrency mining operations. The company, formerly known as Global Coin Reserve and previously led by Robert Corriveau, combines mining activities with recruitment-based compensation systems characteristic of matrix-structured organizations.
Who founded Global Currency Reserve?
Robert Corriveau established Global Currency Reserve as CEO and owner. He previously operated Global Coin Reserve and initiated cryptocurrency-related ventures. Corriveau's departure from the original entity occurred in early 2015, though detailed circumstances surrounding his exit remain undisclosed in available documentation.
What concerns exist regarding Global Currency Reserve?
The organization exhibits characteristics of matrix-based recruitment schemes rather than traditional cryptocurrency mining operations. BehindMLM's analysis identified continuity with previous Corriveau ventures, raising questions about legitimate mining activities versus recruitment-focused compensation structures
🔗 Related Articles
- Lifestyle Marketing Group Review 2.0: Matrix points pyramid
- Capitalvest Pro Review: 25% in 14 days Ponzi scheme
- KOK Play Review: KOK token 200% ROI Ponzi scheme
- SmartSteps Review: NFT task-based MLM crypto Ponzi
- Bank of Hodlers Review: Ponzi scheme with BOH token exit-scam