A Pattern of Schemes: Meet Dan Putnam, Behind Modern Money Team's Crypto Mining Scam
Dan Putnam keeps launching investment schemes, and Modern Money Team is his latest venture.
The company's website reveals nothing about who runs the operation. Domain registration records show modernmoneyteam.com went private on May 25th, 2017. But affiliates naming Putnam as CEO tell a different story—one that stretches back more than a decade.
Putnam's track record speaks for itself. He launched EPX Body in 2012, a legitimate MLM with actual products. But in 2014, he pivoted. One80 marked his shift toward the shadier side of the industry: online marketing tools with no tangible goods. The scheme collapsed within a year.
He tried again with Let Us Close, a recruitment-focused operation tied to an "advanced marketing system." That fizzled fast. He merged it with The Elite Networker, another monthly-fee recruitment scheme. Same result.
In mid-2016, Putnam rebooted One80 with a new name and a new angle: an adcredit Ponzi scheme. Traffic data shows a brief spike in January 2017, followed by a sharp nosedive. The model didn't stick.
Now comes Modern Money Team. Same playbook. Same operator. Different wrapping.
The pitch involves cryptocurrency mining. Investors throw down $50 to $3,000 or more with promises of passive returns. A $3,000 investment buys a "mining machine" that pays 75% of the machine's mining operations for life. Smaller investments—$50 or $300—purchase "shares" that pay 1% or 10% of generated mining revenue respectively.
Here's the problem: Modern Money Team advertises no retail products or services on their website. The company's structure includes a "customer" class that earns no commissions. A marketing video shows the real mechanism—pay $20, then "find two" who do the same. Classic recruitment language. No mention of actual customers or legitimate products.
The compensation plan lists six affiliate ranks. To become a Promoter, you invest in a mining machine or share and recruit at least one retail customer or personally recruited affiliate to do the same. To climb higher requires recruiting more bodies and maintaining your own investment.
This is textbook MLM fraud. Most participants make money not from actual mining operations but from recruiting others. The mining operation serves as the pitch—the justification for the structure. Whether that mining actually happens at scale remains unverified and highly questionable.
Putnam's history shows a pattern. When one scheme dies, he launches another within months. The names change. The cover story changes. The fundamental mechanics stay identical: invest, recruit, repeat.
Investors in Modern Money Team should understand what they're actually buying into. They're not entering a mining operation. They're joining a recruitment chain where success depends entirely on finding new victims to pump money into the system. For most people, that means losing their investment. For Putnam and early recruiters at the top, it means cashing out before the inevitable collapse.
His previous schemes all died. Modern Money Team will too.
🤖 Quick Answer
Who is Dan Putnam and what is his connection to Modern Money Team?Dan Putnam is an entrepreneur with a documented history of launching investment schemes. He is identified as CEO of Modern Money Team, a cryptocurrency mining investment operation, continuing a pattern that includes previous ventures like EPX Body, One80, and Let Us Close since 2012.
What investment model does Modern Money Team promote?
Modern Money Team operates a cryptocurrency mining investment scheme requiring capital investments ranging from $50 to $3000. The company maintains minimal public transparency regarding its operations and management structure on its official website.
What pattern of business activity characterizes Dan Putnam's entrepreneurial history?
Putnam's ventures show a progression from legitimate MLM operations to increasingly opaque investment schemes. His companies typically emphasize recruitment over tangible products, with previous ventures collapsing within short timeframes after launch.
**Why is Modern Money Team's corporate
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Dan Putnam