Richmond Berks Review

Tonight I’m going to review Richmond Berks company.

Name: Richmond Berks
Website: https://richmondberks.com/
Price: FREE to join or invest any money you want
Owners: John Richmond and Klint Berks
Overall Rank: 0 out of 100

Richmond Berks – Overview

Is Richmond Berks a scam or legitimate business? Is the business model for long term or not?

A couple of my friends asked me via Facebook private message about Richmond Berks program several weeks ago. Two of my friends also invited me to join this program and added me to their facebook group chat.

I did join the program out of curiosity. So here’s my personal take regarding the Richmond Berks. I did my due diligence. Be sure to read the entire review and share this article to your friends. I’m sure they will like your concern when you do that.

If you go the main page of Richmond Berks, you will soon be greeted by the promise of money: “Get 1.4% from your deposit daily. For life”.

Wow, that’s nice. A little computation will show that in matter of 72 days, a person is already break even, and after that it’s pure profit. For life. Who wouldn’t like that, right? Okay let’s get go ahead to do some diggings about Richmond Berks.

Richmond Berks – History

2008 – 2 businessmen, John Richmond and Klint Berks, from Colorado, U.S. started to work in a real estate.

2009 – They hired their 1st specialists as their staff

2011 – They earned their 1st million dollars net profit

2016 – They created their 1st company named Richmond Berkz to avoid the conflict of interest with their former companies.

That’s how the company was formed according to their website.

Richmond Berks – Compensation

Basically you invest your money with Richmond Berks starting as low as $10. You earn 1.4% daily profit from your investment.

Richmond Berks is a real estate company, or so they say. They auction real estate properties, and they get profit from the sales.

From these profits, they are able to pay their members that 1.4% daily profit.

You can withdraw your investments anytime you want but RB keeps 50% of any withdrawal you make.

As affiliate you also earn the following commissions:

Level 1 – You earn 10% from the investments of your personally sponsored members

Level 2 – You earn 5% from the investments of the personal recruits of your 1st level

Richmond Berks – Cost to join

It’s FREE! But you will earn only when you started to invest for as low as $10.

Richmond Berks – My Verdict

Well we go to the interesting part.

First off, the biographies of the two founders cannot be found in their website.

I searched the internet and they are also not appearing. Too bad.

They mentioned in their website several employees and they seems to be fake persons too.

They guaranteed to give you 1.4% daily profit no matter what the results of their auction. Wow, can you imagine that? So generous of them.

So even if they lost in an auction, they can still give you that 1.4% daily profit! Come on, how will they do that if they are losing?

Their promises seem to be a way to attract more people to invest to them. That’s the only logical conclusion I can make.

They also claimed that their affiliates are insured in their investments that’s why they can pay, but they didn’t tell you who are the insurer. How can they do that? Professionally I work in an insurance company so I know how this goes.

There are several video testimonies in their website. It’s so striking to note that a certain Joshua Moody, Belgium in the video has a several comments from people branding him as a scammer. Wow 🙂

RB Testimonials

So how come that currently it seems that they can pay that 1.4% daily profit?

Simple. It’s only a ponzi scheme. The profit that they pay you comes from the new members that come after you.

Those new members wait their turn to get paid and the payment will come from the members who will join after them…

… and so on and so forth.

Eventually, the whole structure will collapse.

Why?

It’s because there are only finite number of people that will join.

Pretty soon the new members coming in will not be enough to pay those old members before them because of the sheer volume.

That’s why Ponzi scheme are illegal. There are really no products or services being given by the company in exchange from the money you invested in.

The whole Ponzi scheme is sure to collapse. It’s just a matter of time.

And guess what? They will come by many names and disguises. This Richmond Berks are coming from a so-called real estate business operation.

Richmond Berks at a Glance…

Name: Richmond Berks
Website: https://richmondberks.com/
Price: FREE to join or invest any money you want
Owners: John Richmond and
Overall Rank: 0 out of 100

VERDICT: NOT LEGIT

My Recommendation

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About Rupert

Hi guys, Rupert here. a professional I.T. developer, entrepreneur, stock investor, internet marketer, ex-OFW, and blogger. Walk with me as I share with you how simple it is to make money online.

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