A shadowy figure connected to a collapsed Ponzi scheme appears to be running a new investment scam called PM RevShares.

The company's website lists no owner or operator. Clicking on the "about us" page triggers a 404 error. The domain registration, filed November 21, 2014, is hidden behind privacy protection. But a YouTube video embedded on the site points to someone familiar: Lieven VanNeste, who also posted a glowing testimonial praising PM RevShares' unnamed admin as "trustworthy & efficient."

VanNeste's involvement is alarming because of his history. Years ago, he was deeply involved in Hourly RevShare, a scheme that launched in November 2012 under Anelie Steinway's name. Members paid $5 to invest in what was advertised as a forex trading and advertising revenue business, with promised returns up to 195%.

The operation lasted six months. By March 2013, payment processor problems mounted. Delays became the norm. By May or June 2013, it collapsed entirely. Most investors lost everything. Some got partial refunds. Investors who watched it burn now believe VanNeste was the actual operator and Steinway merely a front.

After Hourly RevShare imploded, VanNeste didn't disappear. He joined MyFunLife, a $21 travel recruitment scheme. Affiliates from the collapsed Hourly RevShare claim he also connected with TelexFree, the $1.8 billion Ponzi that the SEC dismantled in 2014.

Now PM RevShares has surfaced, and VanNeste's fingerprints are all over it. His YouTube video sits on their website. His testimonial praises an administrator he supposedly "knows to be trustworthy." Either VanNeste is running PM RevShares directly, in which case his testimonial is deceptive self-promotion, or he's close enough to whoever is running it that the connection signals serious trouble.

The pattern is unmistakable: the people behind Hourly RevShare are back in business under a new name.

PM RevShares operates as a pure recruitment scheme with no actual products to sell. Affiliates recruit other affiliates who then invest between $5 and $10,000. The only tangible component bundled with these investments are advertising credits that display ads on the PM RevShares website itself.

The company promises returns tied to "real forex trading" and "real advertising revenue." But with no transparent ownership, no verifiable trading operation, and no legitimate products, investors are essentially betting that new recruits will pay to join the scheme. That structure is textbook Ponzi.

The lesson here is straightforward: if a company won't say who runs it, don't give them money. When that company's anonymous operators also happen to have managed schemes that collapsed and destroyed investors, the answer becomes even clearer.

🤖 Quick Answer

What is PM RevShares and its connection to previous investment schemes?
PM RevShares is an investment platform with undisclosed ownership allegedly connected to Lieven VanNeste, who previously participated in Hourly RevShare, a scheme launched in 2012. The website lacks transparency, with hidden domain registration and missing operator information, raising concerns about potential Ponzi scheme characteristics.

Who is Lieven VanNeste and why is his involvement concerning?
Lieven VanNeste is an individual with documented history in Hourly RevShare, an investment scheme from 2012. His association with PM RevShares, evidenced through YouTube testimonials, is considered alarming due to his previous involvement in potentially fraudulent investment operations.

What were the characteristics of the original Hourly RevShare scheme?
Hourly RevShare, launched November 2012 under Anelie Steinway

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