Richmond Berks Review – Is Richmond Berks Legit or Scam?

Have you been hearing a lot about Richmond Berks lately? There is a lot of hype happening for Richmond Berks, and people are pitching the opportunity all over the place – especially on social media. I have gathered all the pertinent facts about this opportunity in my Richmond Berks Review so that you can know the full truth before signing up.

Is Richmond Berks a scam? Or is it really legit? Will I be able to make real money with it? I tell you all in my Review of Richmond Berks. Let’s get going!

• Richmond Berks Claim To Be An International Company That Traces Its History Back To 2008.
• Two Young Businessmen John Richmond And Klint Berks Met At An Auction, Fighting Over One And The Same Lot.
• One Year Later Together With Two Other Brokers They Founded A Company That Specialized In Purchase Of Real Estate At Auctions And Its Further Resale At The Secondary Market.
• In 2016 Due To The Conflict Of Interests, Richmond And Berks Sold Their Company Shares And Founded A New Corporation – Richmond Berks.

This aligns with the September 29th, 2016 registration of the Richmond Berks company website domain. That’s about all that aligns however, with there being no information on either John Richmond or Klint Berks predating the launch of Richmond Berks a few months ago.

No detailed biographies for either men are provided on the Richmond Berks website. The website domain itself was registered anonymously. This is highly suspicious and raises the question of whether these individuals actually even exist.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

What Is Richmond Berks Exactly?

Richmond Berks has been making quite a fuss in the MLM world as of late, and with that being the case, I decided that now would be a better time than ever to conduct my full, in-depth review of the company.

The company was supposedly founded back in 2008 by John Richmond and Klint Berks, and according to the company’s website, these two men made acquaintances with one another at an auction that they were attending.

The rest of the story is as follows –

“One year later together with two other brokers they founded a company that specialized in purchase of real estate at auctions and its further resale at the secondary market. In 2016 due to conflict of interests, Richmond and Berks sold their shares and founded a new corporation – Richmond Berks.”

This story falls right into place with the domain name registration for the Richmond Berks website that took place on September 29th of this year (2016), but unfortunately, that’s about where the coherent story-telling stops.

Prior to the launch of Richmond Berks that took place a few months ago, there isn’t any other information about John Richmond or Klint Berks anywhere online. The Richmond Berks website was registered under a private state, and there aren’t any detailed bios for either of the company’s two founders to be located anywhere at all on the website either.

All of this creates for a rather fishy situation, and the lack of any sort of info on either of these two men raises the question as to whether or not they actually exist. It isn’t uncommon for MLM underbelly scams to make up individuals and use them for marketing, and from the looks of things, that very well could be what’s taking place here.

How Does Richmond Berks Work?

Richmond Berks positions itself as a company that attracts investments in the real estate auction markets. The company has a major presence in the US as well as many other world markets. You just can’t deny that in the real estate market, auctions are probably the best tools to bring in even more profits.

The brokers of the company purchase such real estate properties deemed profitable and then re-sell them on the secondary real estate market. This is what generates a pure profit of about 70%!! Well, the company feels proud of its achievements. It makes use of Blockchain technologies, RichShare and AI. You can complete the money transfers through different payment methods including Bitcoin.

What Will I Be Selling With Richmond Berks?

Switching over to the product line side of things, the bad news keeps on coming.

Richmond Berks is yet another MLM opportunity in which there isn’t any sort of product line to speak of, and this results in a situation in which affiliates for the company have nothing more than the affiliate membership to market and sell to interested parties.

Along with this, it also means that retail ales aren’t taking place at all. Retail sales often serve as the primary source of income for any honest opportunity in the MLM world, so they lack of them here certainly is very troubling.

What Should I Know About The Compensation Plan For Richmond Berks?

As for the compensation plan that Richmond Berks is advertising, affiliates are tasked with investing their cash into things called “Richmond Berks Dollars” – or RBD for short.

Richmond Berk Dollars are used by affiliates within the Richmond Berks system, but outside of said system, RBD hold no real world value whatsoever.

The company markets that they can pay a daily ROI of 1.4% on Richmond Berk Dollar points thanks to additional RBD points.

All withdrawals that take place within the company are made out in USD, but the kicker here is that Richmond Berks keeps hold of 50% of any all withdrawal requests that are made. So, if you want to withdraw $100 that you’ve invested within the company, you’re actually only going to be able to get your handson $50.

In addition to all of this, affiliates are also given the opportunity to earn even more RBD points by participating in “certain activities.”

Referral commissions are also present here, and these are paid out through the use of a unilevel payment system. Level 1 affiliates results in a 10% commission, and level 2 pays out 5%.

My Conclusion For Richmond Berks

So, with all of that said and done, what kind of opportunity are we looking at here?

It shouldn’t come as too much of a surprise that Richmond Berks is operating as a rather typical Ponzi scheme.

Nothing is being sold to retail customers, and the only identifiable source of income comes directly from affiliates. Newly invested funds are used in turn to pay off existing affiliates, and this is where the Ponzi nature of the company comes into play.

And, as if that wasn’t bad enough, the lack of information on the business’ two founders is also quite troubling – not to mention that there isn’t any available background for the supposed 16 other employees that are also mentioned on the Richmond Berks website.

The website claims that “Richmond Berks LLC (Richmond Berks) is registered with the Securities and Exchange Commission under the Investment Advisers Act”, but this turned out to be complete bogus.

I researched the SEC’s database, and there aren’t any entires at all for either “Richmond Berks” or even “RichmondBerks.”

All of this issues aside, we’re still left looking at a Ponzi scheme that’s asking people to hand over real money in turn for worthless virtual currency that will offer a reported daily ROI.

As all of these schemes tend to go, Richmond Berks will collapse once recruitment and investment levels die down.

Only the anonymous admin(s) behind the company will make off with any sort of real cash, and most everyone else who decides to get involved with this one will end up losing out.