Plus5 club has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to CashFlow Investment. We’ve received over 5 complaints against Plus5 club.
Plus5 Club is an app-based pyramid scheme that entices users with promises of revenue or services in exchange for referring others. It is unsustainable and even unlawful to base a business model on recruiting rather than selling products. Plus5 Club’s lack of openness, suspicious website traffic, and association with previously suspected scams all raise serious concerns. Furthermore, its unregulated position exposes investors to potential losses without recourse. To avoid being a victim of such scams, use care and seek out regulated investment alternatives.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Plus5 club Regulated? Do They Have a License?
Plus5 Club has been discovered as an app-based pyramid scheme. This type of plan often recruits participants with the promise of income or services in exchange for registering others in the program, rather than providing investments or selling things.
As the amount of new recruits is critical to each member’s success, this strategy is unsustainable and frequently unlawful. The Plus5 Club, in particular, uses this concept, which has led to its designation as a pyramid scheme.
Plus5 Club is an app-based platform in which participants pay a monthly subscription to earn commissions on recruits they bring into the scheme. The business strategy excludes promoting and selling to retail clients, which is typical of a legal multi-level marketing (MLM) organization. Instead, revenue is produced primarily through the recruitment of new members, confirming the pyramid scheme model.
Plus5 Club’s website does not publish any ownership or executive information, leaving visitors unsure about the people behind the business.
Despite the website URL “plus5.co.za,” which suggests ties to South Africa, SimilarWeb traffic analysis for February 2024 reveals a discrepancy. The site had roughly 319 monthly hits, all of which came from Japan, raising concerns about the veracity of its claimed location.
Contrary to its recent depiction, Plus5 Club formerly claimed to be based in South Africa. However, a removed “Privacy Policy” page identified Patrick Moon as the CEO. Moon, also known as Patrick Michael Moon on LinkedIn, lists Durban, South Africa as his location.
Additionally, corporate documents show that Moon, together with Daniel Jack McBride and two other administrators, registered Plus5 Club as a corporation in South Africa in July 2023.
Power8Biz Patrick Moon and Daniel Jack McBride, involved with Plus5 Club, were tied to Power8Biz, which was suspected of operating as a fraudulent investment scam since around 2021.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Plus5 club is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Plus5 club, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Plus5 club
The club does not provide any retail products or services. Affiliates have only one “product” accessible to them: membership, which is offered to new recruits. This is an important point of contention and central to the charges that it is a pyramid scheme.
Compensation Structure
Affiliates must pay an initial charge of 180 ZAR, followed by a recurring monthly fee of 50 ZAR. Commissions are earned by recruiting individuals who pay similar fees, using a five-level deep unilevel payout structure.
Individuals interested in joining Plus5 Club must pay a 150 ZAR initial membership charge, followed by a 50 ZAR monthly subscription.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Plus5 club Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Plus5 club Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Plus5 club tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Plus5 club reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Plus5 club, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Plus5 club enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Plus5 club reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Plus5 club.
You should always look out for consumer complaints. In the case of Plus5 club, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Plus5 club? You can share your complaint in the comment section or submit an anonymous tip.
Is Plus5 club Legit Or a Scam?
The way Plus5 Club works makes it look like a pyramid plan, since most of the commissions come from recruiting new members rather than selling products.
People who are part of the group are likely to lose money because of the breakdown in recruiting. This is a common thing that happens in pyramid schemes. Additionally, concerns about the reliability of Plus5 Club’s website (which could be hacked) raise concerns about the safety of user data.
Plus5 club is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Plus5 club can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Plus5 club?
All the evidence suggests that Plus5 club is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Plus5 club a scam?
Can I withdraw money from Plus5 club?
Where is Plus5 club Located?
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How The Plus5 club Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
