A mystery surrounds the people supposedly running My Earnings, a seven-tier matrix scheme that pays commissions when affiliates fill investment positions rather than sell actual products.
The company's FAQ claims Mike Seacrest and Eric Chin own it. But there's a problem: no one can find any information on Seacrest. Worse, the Facebook profiles for both Chin and Kevin Icecreast—who appears in marketing videos—are fake.
Icecreast's profile photo belongs to filmmaker Kevin Smith. Chin's stolen image comes from Kevin Marks, a former Google employee. These aren't mistakes. They're red flags.
Chin's fake Facebook account first surfaced earlier this year tied to Progmatic AdsPaid, another Ponzi scheme that launched in January. That site is now unresponsive, suggesting it collapsed. The same person appears to be running multiple schemes under different names.
The domain registration for My Earnings adds another layer of deception. Michael Dwen is listed as the owner—a fourth name attached to the operation. The address provided points to Belize, specifically to International Corporate Services, a shell company provider that charges $650 to set up anonymous corporations in the country.
The reality is likely simpler and more sinister: one person or a small group is probably hiding behind all these fake identities and front names.
My Earnings has no actual product. Affiliates don't sell anything tangible. Instead, they buy positions in a matrix cycler system and recruit others to do the same. This is the entire business model.
The compensation structure relies on a combination of 2×1 and 2×2 matrices stacked across seven tiers. Affiliates pay $25 to enter the bottom tier, called Treasure Box. When all positions in a matrix fill up—which happens when other members buy in—the affiliate receives a commission and cycles into the next tier up.
The commission structure is straightforward. A complete Treasure Box generates $10. Pearl matrices (2×2) pay $30. Topaz pays $60. Sapphire pays $100. The pattern continues up the chain.
But here's what makes this a Ponzi scheme: there's no actual business generating money. Revenue comes exclusively from new recruits buying positions. Once recruitment slows—and it always does—the whole structure collapses. People at the bottom lose their money.
The fake identities are the tip-off. Legitimate companies don't hide who's running them. Legitimate companies don't steal photos from directors and tech workers to staff fake social media profiles. Legitimate companies don't register domains through shell corporations in Belize designed to obscure ownership.
If you're considering joining any MLM operation, ask yourself one question: Can you easily find out who actually owns and runs this company? If the answer is no, walk away.
🤖 Quick Answer
What is My Earnings and how does it operate?My Earnings is a seven-tier matrix scheme that generates commissions when affiliates fill investment positions rather than selling tangible products. The structure relies on recruitment and position-filling rather than legitimate product sales, characteristic of Ponzi schemes.
Who are the alleged owners of My Earnings?
According to the company's FAQ, Mike Seacrest and Eric Chin own My Earnings. However, no verifiable information exists about Seacrest, and both Chin and Kevin Icecreast use fake social media profiles with stolen images.
What evidence suggests fraudulent activity at My Earnings?
Multiple red flags include fake Facebook profiles using stolen photos, connections to Progmatic AdsPaid (a collapsed Ponzi scheme), and lack of verifiable ownership information. These indicators suggest organized deceptive practices rather than operational errors.
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