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TOPIC: Is PLUGGLE a SCAM or LEGIT?

Is PLUGGLE a SCAM or LEGIT? 1 month 1 week ago #1264

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Is PLUGGLE a SCAM or LEGIT?
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Is PLUGGLE a SCAM or LEGIT? 1 month 1 week ago #1271

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The Securities and Exchange Commission (SEC) warned the investing public against dealing with a group of persons representing an entity called Pluggle Inc. which has been soliciting investments without authority.

In an advisory released to the media on Thursday, the SEC’s enforcement and investor protection department said while Pluggle Inc. was registered with the corporate watchdog, this entity was not authorized to solicit investments from the public. This company had not secured the necessary license as required by the Securities Regulation Code, the advisory said.

As such, the public was advised to “exercise caution before investing in these kinds of activities and to take the necessary precaution in dealing with Pluggle Inc. or its representatives.”
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The SEC said it had received information that Pluggle requires its members to sign up through its website through a sponsored link and to purchase an activation code worth P1,000 using bitcoins or through other members or leaders.

In its Facebook account, Pluggle promises a return of 30 percent to 100 percent in 12 days, the SEC said.

Pluggle claims that its members will earn: P100 upon registration; P100 every time he or she logs in; P60 per log-in of other investors recruited (downlines); P100 for every person sponsored to join the system; P400 for one pair in each level down to the 10th level; and, P100 for every pair in the binary structure.,

The SEC also warned people who act as salesmen, brokers, dealers or agents of Pluggle that they may be prosecuted and held criminally liable for selling or convincing people to invest in this scheme.

Under Section 28 of the Securities Regulation Code, maximum fine for this offense is P5 million or 21 years of imprisonment, or both.

The SEC warned that those who invite or recruit people to join or invest in this venture or offer contracts or securities to be public may be held liable.

On the use of Bitcoin, the SEC further advised that the Bangko Sentral ng Pilipinas (BSP) does not intend to endorse any virtual currency, such as bitcon, as a currency since it is neither issued or guaranteed by a central bank nor backed by any commodity.

Quoting a memorandum from the BSP, the SEC said BSP aimed to regulate virtual currencies when used for deliver of financial services, particularly for payments and remittances, which have material impact on anti-money laundering and combatting the financing of terrorism, consumer protection and financial stability.

Read more: business.inquirer.net/238483/sec-warns-p...scheme#ixzz4vIPO13Mk
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook





source: business.inquirer.net/238483/sec-warns-p...le-investment-scheme
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Is PLUGGLE a SCAM or LEGIT? 1 month 1 week ago #1272

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The hype regarding online jobs are on its high at the moment especially with the Filipino communities. There were the captcha encoders, resellers and the usual pyramid schemes.

I wanted to see if I can make a lot of money as these members for these programs are saying. Anyway, I looked around and this pluggle.com.ph caught my eyes.

These are the offers the members will tell you when they advertise.
You get 100 pesos every time you log in, you get follow bonus, sign up bonus, group bonus and it’s free to sign up. Wow that sounds great, so I started to research.

My first step was to look at their website. Their website was pretty good but when you look at it properly there are RED FLAGS everywhere.

I’m going to use the word RED FLAG on everything I find suspicious so you readers will look at it closely if you even considering joining this pluggle.

FIRST RED FLAG
Pluggle.com.ph website have no link to their About Page, How it Works Page and worst to their Terms and Conditions Page. There are no information about this pluggle except their recruitment video on their website.
I approached one of their members and I also asked to be signed up. By the way, you can’t just sign up straight from their website, you need to have an sponsor.

So, I have signed up using my sponsor and I was in. Once logged in, the dashboard have no information regarding Pluggle as well and most of the links don’t work. Apparently you need to activate your account and you need a code to do so. You can’t get this code right away from the dashboard on their website so I asked my sponsor regarding the code.

According to my sponsor the code cost 1000 pesos but not to worry because I will get it back when I log in 12 times on my account which I will get 100 pesos per log in and I already got 100 from signing up which I did get and appearing on my account dashboard. I did my calculation to see if I will get my money back… so that’s 12 login for 100 each plus the 100 pesos in my account for signing up (12 x 100 + 100 = 1300 pesos) This looks like I will get my money back plus profit.

I am convinced and I asked my sponsor I’m willing to buy the code, so I asked How do I get the code are you going to give it to me? My sponsor said I will need to get my code from her up-line and I was given instruction where to deposit the money.

SECOND RED FLAG
What? I need to send money to this other person for the activation codes? My sponsor connected me to her up-line through Facebook messenger then invited me on their Facebook group chat because my sponsor can’t answer my many questions. On their group chat, these are the information I gathered.

What is pluggle? According to their members pluggle originated in Malaysia and established 5 years ago but just started in Philippines. It is an advertising company.

THIRD RED FLAG
They say pluggle is advertising company yet they don’t have clients. Their supposedly advertising platform / dashboard which you paid for, for 1000 pesos, have no information or a hint about advertising. Members only say they advertise pluggle, yes of course you need to do that so that you get recruits to give you money.

Their pay out is hard to resist as well, imagine that you will get 100 pesos per log in, you got 100 pesos when you signed up, you get 100 pesos per recruit, you get 60 pesos every time your recruits login in 12 times and you get a 400 when you complete your first level (meaning you managed to recruit 2 person to fill your left and right downline).
Let’s do the maths
100 when I signed up + (12 x 100) my max bonus log in = 1300 pesos
Yes I got my money back plus 300 profit. Now I want to cash out. YOU CAN’T!!!

FOURTH RED FLAG
Your cash out need to be a minimum of 2000.
Ok I will just keep going to get that 2000 pesos.
I managed to recruit 2 person to fill my first level (left and right leg).
100 x 2 = 200 pesos for my 2 recruits
2 x 12 x 60 = 1440 pesos I get when my 2 recruits did their bonus 12 max log in
400 I get for filling my first level
I now have a total of 1300 + 200 +1440 + 400 = 3340 pesos
Now I can definitely cash out because I’m way over that 2000 pesos minimum. YOU CAN’T!!!

FIFTH RED FLAG
Your cash out is when you sell an activation codes to your down line. This means your 2 down line have to have recruits as well for you to sell them that activation code. (No wonder why my sponsor said I need to pay this other person).

SIXTH RED FLAG
Why are you selling activation code, for what? You are not selling products or anything why do you need activation code. This is the ONLY WAY TO GET YOUR ACCRUED MONEY INSIDE PLUGGLE.

SEVENT RED FLAG
This is when crap starts to fall. What happens if your 2 down line can’t get recruits? You have a 3340 pesos sitting in your pluggle account but you cannot get it because you can’t sell activation code. This is the only way you can get your money.

My opinion.
Pluggle is probably started by someone who is a web developer and who also came up with the idea. The missing links on their website is not just an error from programming, it is because the person or people behind this are also aware of the consequences if the public start asking questions.

Haven’t you learned your lesson? Do you remember emgoldex and gold extreme? This is similar or worst.
I have laid out what involve in pluggle, now it’s your decision whether it is a scam or legit.

Yes you will get your pay out, when you sell codes to your down line because THE MONEY IS PHYSICALLY COMING FROM YOUR DOWN LINE or THE NEW RECRUIT. Pluggle is only showing you numbers but THEY ARE NOT THE ONE PAYING YOU.

source: steemit.com/scam/@webcoop/pluggle-com-ph-scam-or-paying
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Is PLUGGLE a SCAM or LEGIT? 1 month 1 week ago #1273

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Verdict on Pluggle

With no real products or services to offer, this company has no way to continually bring in new income other than recruiting new affiliates…

But what happens when the initial hype dies down and recruitment numbers drop off?

Commissions will also decrease and affiliates will start losing money as their investments remain the same, but the ROI drops…

So, if you are thinking of joining this company, keep this in mind…

I hope you enjoyed my Pluggle review and if you have any questions, please leave them in the comments below…

www.marketingxtreme.net/pluggle-review/
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