GreatMinds-247.com is an illegal company because its business model is a combination of two illegal schemes, Ponzi and Pyramid schemes, commonly known as a cash gifting scheme. If you don't know about Ponzi and Pyramid schemes, then you can find the details by clicking the respective links as below:-
Ponzi scheme:- newsonlineincome.com/ponzi-scheme/
Pyramid scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
Now you know either is Great Minds 247 a scam or a legit. So, if you are searching for the Great Minds 247 reviews to find out either is GreatMinds247 a scam or a legit, what is GreatMinds-247.com in real, then you don't have to search any further GreatMinds247 reviews for that. We are providing the complete truth about Great Minds 247 within our Great Minds 247 review here.
But, after knowing the fact that Great Minds 247 is an illegal company, if you don't want to find out more details on it but instead want to find out the real ways to make money online, then you can find that by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
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OK, let's continue with our GreatMinds-247.com review to find out in detail what is GreatMinds247 in real and either is Great Minds 247 scam or not.
Great Minds 247 login and join in link:- www.GreatMinds-247.com (Not recommended to join)
Aforementioned, we already made you clear that the business model of Great Minds 247 is not legal. The legal authorities have already warned not to involve with cash gifting business models. So, Great Minds 247 is not a legit company.
Yep, these kinds of business models claim themselves to be a donation program, but in reality is an illegal company. This kind of business never sustains for a long run. Many sites have been already failed which were running this kind of business model such as, MMM Global, BTCInvestments, ZarFund and so on which proves this business practically can't sustain for a long time.
The whole business model of Great Minds 247 revolves around by gifting the cash between the members by making them believe they are providing the help to each other. But in reality, they are investing the money in this scheme in the name of help in the return of which those members will earn a profit when other members who join after them invest in this program.
So, these kinds of companies need the continuous flow of new investment coming into the company and that is also more than the amount that existing members have invested so that they can make profit which is actually not possible because whenever these companies pay one member, they need to use the money invested by two other members due to which each time they pay one member, they create a debt equal to the amount invested by one member. Like this, the debt will be kept on increasing and the whole system will be collapsed.
On the other hand, it is hard to get the new members continuously. So, the market will be saturated and the last one who joins the system will leave the system and slowly the members from down to up will start to leave the system and at last the whole system will be collapsed.
Actually, we have already reviewed many similar kinds of companies among which one of the much more similar company is MLC247. So, if you are interested to know more about Great Minds 247, then we suggest you view our review on MLC247 by clicking this link:- newsonlineincome.com/mylifechange247/
Aforementioned, now it is clear that GreatMinds-247.com is an illegal company. So, we don't recommend it and have listed it within our Not Recommended category.
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