MidasCorp, an e-publication company, operates with undisclosed ownership, a critical red flag for anyone considering involvement. Its domain, midas-corp.com, was registered privately in 2013.
The "About Us" page offers only corporate vagueness. The site claims, "We are a group of individuals and companies that came together in Midas Corp to dedicate our time and effort to help others." It asserts staff members possess "internet marketing" experience but provides no names, credentials, or verifiable backgrounds.
The company's contact address suggests its operational intent. MidasCorp lists a Wyoming street address, which belongs to Wyoming Corporate Services Inc. This firm specializes in setting up anonymous businesses for a fee. Such an arrangement is common for operations seeking to obscure their true leadership.
MidasCorp's actual product is vague "e-publications." The company states it writes, publishes, and promotes electronic magazines for clients. Retail pricing includes an e-mag conversion service for $100, business listings at $100, resumes from $250 to $750, and property listings at $1,000. A hosting service is mentioned but unavailable. They also promote an email platform called Cumada to affiliates for $10 per "ePack."
The primary appeal for affiliates comes from recruitment and commission schemes. Affiliates earn 20% commissions on e-publication sales. MidasCorp also claims to allocate up to 30% of all company revenue into a Global Community Bonus pool. This pool then distributes funds to affiliates based on "Bonus Points" and an "Activity Rating."
The compensation mechanics clarify the business model. An affiliate's Activity Rating increases through personal purchases of MidasCorp's own products and services. Platinum affiliates receive an automatic 100% rating. Bonus Points accrue from products bought by direct recruits or those their recruits bring in. This structure mirrors typical multi-level marketing, where funds primarily move from recruitment rather than direct retail sales.
The compensation plan rests on two main components: commissions from e-publication sales, for which the company provides no evidence of substantial volume, and revenue-sharing tied to recruitment and mandatory purchases. The need to buy products for an Activity Rating means affiliates become the system's primary customers, funding it internally.
MidasCorp's hidden ownership, recruitment-driven compensation structure, and required self-purchases resemble illegal pyramid schemes. These elements suggest a system designed to profit primarily from recruitment rather than genuine product sales to external customers.
Anyone considering joining MidasCorp should demand transparent answers: Who owns this company? What percentage of affiliate income comes from retail customers versus recruits? Can they provide financial statements? Until MidasCorp provides public answers to these questions, potential recruits should withhold their funds.