Local City Places has launched a $99 investment scheme promising “double your money back in 30 days!”

The new passive returns investment scheme follows
Local City Places’ failed “business directory” scheme
earlier this year.

A visit to Local City Places’ website currently returns this:

In place of the collapsed MLM company we now have Local City Deals and Local City Profits.

Local City Deals still has Local City Places branding and appears to be an online voucher platform:

Local City Deals’ website appears to have been hastily put together and remains unfinished:

I could be wrong but I don’t think Local City Profits has its own website. It appears to be run from within Local City Deals.

Local City Profits, aka Local City Partners, presents the ruse that investors are buying profits derived from merchants Local City Deals signs on.

Local City Profits’ investments are pitched as $99 “units”, capped at twenty units a week ($1980). A bonus investment unit is also awarded per five units invested into.

Returns are paid as $29.70 a month. On top of that Local City Profits pays “double your money every 30 days”.

E.g. You invest $99 at the start of a month. Thirty days later Local City Profits pays you $198. At the end of the month you receive an additional $29.70.

Each month thereafter you continue to receive $29.70 on that unit.

Local City Profits promoters are encouraging potential investors to compound. In one example $855 a month plus $6831 within six months is pitched off an initial $495 investment.

Attached to Local City Profits’ investment scheme is a seven-level deep MLM compensation plan.

Local City Profits pays referral commissions on recruited affiliate investment via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Local City Profits caps payable unilevel team levels at six.

Referral commissions on unit investment is paid across these six levels as follows:

level 1 (personally recruited affiliates) – 10%

levels 2 to 5 – 5%

levels 6 and 7 – 2.5%

With nothing marketed or sold to retail customers, the MLM side of Local City Profits is a pyramid scheme.

Local City Places, Local City Deals, Local City Profits and Local City Partners are all owned and run by Troy Warren.

Warren (right) is US resident based out of Arizona.

As
documented by Ivan Penn for the St. Petersburg Times
(now Tampa Bay Times) in 2009, Warren has a long history of marketing and ecommerce related fraud.

• A lawsuit by MasterCard International in 1991 that accused Warren and more than a dozen other defendants of taking millions from consum

🤖 Quick Answer

What is Local City Places' new $99 investment scheme?
Local City Places launched a $99 investment scheme claiming to double investors' money within 30 days. This passive returns investment initiative follows the company's failed business directory scheme earlier in the year and represents a shift toward new ventures including Local City Deals and Local City Profits.

What are Local City Deals and Local City Profits?
Local City Deals operates as an online voucher platform retaining Local City Places branding, featuring an incomplete website. Local City Profits, also known as Local City Partners, appears to operate within Local City Deals' infrastructure without its own dedicated website, presenting itself as a profit-sharing investment opportunity.

What preceded Local City Places' current operations?
Local City Places previously operated a business directory scheme that failed. The company subsequently restructured, launching new entities including Local City Deals and Local City Profits to replace the collapsed initial

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