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Revvolutionaries of rNetwork
Information by Research TrustFinance
Launched in 2019, rNetwork was a membership-based company that promoted a "Digital Rewards Portal" offering discounts and cashback on various products and services. The company operated on a multi-level marketing (MLM) model, where members, referred to as "Revvolutionaries," earned commissions by recruiting new members. The business model also involved a revenue-sharing component where members could contribute funds to an investment pool with the promise of passive returns. However, US regulators later identified the company's operations as a fraudulent pyramid and Ponzi scheme, leading to its collapse and permanent closure.
United States
Industry
Financial