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The year 2019 wasn’t kind to Tom McMurrain.

CMDX was in danger of failing in March 2019, which prompted McMurrain to plead for $100,000.

The sole public exchange McMurrain was allowed to list CMDX on was then dropped in August.

Following that, CMDX entered a state of stagnation until finally collapsing.

McMurrain purchased the domain name “databank. me” on June 1st, 2022.

On August 2nd, DataBank took over the domain that belonged to CMDX, and McMurrain restarted his botched crypto-heist.

For a thorough analysis of DataBank’s MLM possibility, keep reading.

Corporate DataBank

Tom McMurrain (right), a convicted felon, is well-known in the MLM industry for being the highest earner in the US for OneCoin.

A $4 billion Ponzi scam, OneCoin. It is regarded as one of the most well-known MLM frauds ever.

McMurrain ranks middle of the pack among OneCoin’s fraudsters despite being a high US earner (OneCoin’s time in the US was limited).

In January 2017, OneCoin’s Ponzi component fell apart. McMurrain rapidly jumped ship, and by May, CoinMD had been introduced.

The core of CoinMD’s business strategy was:

provide Tom McMurrain with some useless cash CoinRewards Everyone loses money on the Ponzi points scheme, except Tom McMurrain

In response to CoinMD’s failure in March 2019, McMurrain relaunched as CMDX. The scam was now “monetizing personal information.”

The business concept remained the same, except that CMDX and U$D tokens took the role of CoinRewards:

Give Tom McMurrain money in exchange for worthless CMDX tokens, personal information, or both. Everyone loses money but Tom McMurrain because CMDX fell far more quickly than CoinMD. McMurrain let it remain dormant until recently, which leads us to the debut of DataBank in or around July 2022.

Products from DataBank

DataBank provides a free tier but does not have a retail offering.

Users may sign up for free, fill out a “HealthStyle profile,” and after a year, they will get $280 worth of DataRewards (DBME) tokens.

There are no retailable goods or services offered by DataBank’s MLM division.

The Compensation Plan of DataBank

Affiliates of DataBank register and buy DBME tokens. Subscription payments are then made with DBME tokens.

The internal DBME conversion value is not made public by DataBank, although they do sell their subscriptions in USD equivalents:

Prime costs $75 a year, but you get $550 worth of locked DBME over the course of 11 months.

Bronze: $550 yearly subscription; $1260 in locked DBME distributed over 10 months.

Silver: $1100 for a two-year subscription; you’ll get $3070 in locked DBME over nine months.

Gold: $3300 for a three-year subscription; you’ll get locked DBME worth $8210 over the course of 8 months.

Platinum: $5500 for a five-year subscription, plus $13,350 in locked DBME over the course of six months.

Keep in mind that subscription-based DBME is locked for the duration of the subscription (12 months to 5 years).

DataBank’s MLM division offers commissions on the hiring of affiliates who are paid by membership fees.

Employer commissions

When they bring on new affiliates, DataBank affiliates are compensated in USD and DBME.

Although specific rates are not provided, the following two examples are provided by DataBank in their compensation documentation:

Receive $75 extra $50 in DBME when you refer a Prime affiliate (notice that $75 is the overall subscription fee; I’m not sure whether the paperwork has an error there).

Receive $550 plus $50 in DBME for bringing in a Silver affiliate.

Using Silver as a guide, it would appear that the recruiting commissions are 50% of the membership fees paid and $50 or more of DBME.

Recurring Commissions

DataBank uses a binary compensation mechanism to pay residual commissions.

An affiliate is positioned at the head of a binary team that is divided into two sides (left and right) by a binary remuneration structure:

The binary team’s initial level has two slots. These initial two places are divided into another two positions each to create the second level of the binary team (4 positions).

The binary team is formed in stages, with each stage containing twice as many slots as the preceding stage.

Direct and indirect affiliate recruiting is used to fill positions on the binary team. The depth to which a binary team can expand is unbounded.

On both sides of the binary team, DataBank records the volume of new subscriptions every Monday.

Affiliates receive 10% of sales, with a cap on the number of membership fees they have paid:

Affiliates in the top tier can get a weekly residual income of up to $250.

Affiliates in the Bronze Tier can get weekly residual commissions of up to $550.

Affiliates in the Silver Tier can get weekly residual commissions of up to $1100.

Affiliates in the Gold Tier can get weekly residual commissions of up to $3300.

Affiliates in the Platinum Tier can get weekly residual commissions of up to $25,000.

Volume is matched against the stronger binary team side and flushed after being paid out. Any remaining volume on the side of the more powerful binary team carries over.

Comparative Bonus

When downline affiliates earn residual income, DataBank matches those commissions.

The Matching Bonus is distributed via a unilevel pay system.

An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they recruited is positioned immediately under them (level 1):

New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.

If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.

The Matching Bonus is limited to four unilevel team levels by DataBank.

On residual commissions received at each of these four tiers, the Matching Bonus is distributed as follows:

10% of level 1 (affiliates that they individually recruited) and level 2 revenue goes to Bronze and Silver affiliates.

Levels 1 and 2 of the match for gold affiliates is 10%, while level 3 is 20%.

Levels 1 and 2 of the match are 10% for platinum affiliates, level 3 is 20%, and level 4 is 25%.

It should be noted that a DataBank affiliate must have made at least $400 in residual commissions for the week to be eligible for the Matching Bonus.

Prime-tier affiliates are ineligible for the Matching Bonus due to this criterion.

Joining DataBank A subscription is required for affiliate membership in DataBank.

$75 for 12 months on Prime

Bronze: $550 for a year

$1100 for two years for silver.

$3300 for three years in gold

Platinum: $5,500 over five years

A DataBank affiliate’s potential revenue increases with the amount they pay for their subscription.

DataBank Summary

Unsurprisingly, the following sums up DataBank’s business strategy:

Give Tom McMurrain cash in exchange for worthless DBME tokens or some other kind of private information. Everyone else loses money but Tom McMurrain.

For DBME McMurrain, CMDX and U$D have been replaced with BEP-20 tokens, which were formerly ERC-20 tokens.

These tokens, whether ERC-20 or BEP-20, may be set up quickly and for little to no money.

Outside of the token investment program, free users and affiliates can earn extra DBME by doing various activities, even though “personal information” is still a scam.

The “SuperWallet” branding is used for this section of DataBank.

Given that McMurrain produces DBME on demand at little to no cost, “tasks for DBME tokens” are effectively busy work.

Since McMurrain locks up acquired DBME on the back end, affiliate recruiting is the only way to make money. This pyramid strategy is a standard one.

When tokens are distributed, there is nothing to be cashed out because the tokens themselves have no value, as we have seen with CoinMD and CMDX.

To enable McMurrain’s CoinMD and CMDX victims to dump their token bags onto new victims, DataBank appears to have been set up.

An existing token bagholder gets paid when a new affiliate joins through DataBank’s back office. The bagholder affiliate then distributes tokens to the new hire from their supply.

Regarding the true worth of DMBE, McMurrain lamented one of his victims selling 50 million tokens for $38 (0.00000076) at a recent DataBank webinar.

Given the likelihood that DataBank will fail once the opportunity to con fresh victims with a name change closes, McMurrain is already planning his next scam:

Over a dubious Telegram channel, cryptocurrency, and FX trading… groan.

Subscribers to DataBank’s Silver and above tiers will have access to “my signal.”

The cryptocurrency and FX trading platform Smart Income, which has its marketing strategy, receive DataBank affiliates through MySignal.

It should come as no surprise that Smart Income gives investors access to automated trading bots.

Through a Connecticut shell corporation, Smart Income is put up. Tom McMurrain, Eric Kipperman, and Che Shiva, the proprietors of Smart Income, are all headquartered in the US.

Shiva, Tom McMurrain, Smart Income, Kipperman, and DataBank are not SEC-registered companies.

It’s interesting how I stumbled onto the firm pushing Meta Force while looking at Smart Income.

The Forsage Ponzi scams run by Lado Okhotnikov include Meta Force.

In August, the SEC filed a lawsuit for securities fraud against Okhotnikov and eleven Forsage con artists.

Last month, MetaForce stopped working. As of my last check, Okhotnikov was attempting to launch some ridiculous MetaForce NFT experiment.

Kipperman and Shiva divert Smart Income users into different cryptocurrency frauds under the pretenses of “smart contract,” “smart trading,” and “smart staking”:

A Ponzi scam run by Boris CEO called Swapnex has failed.

Pinaki is a Ponzi “trading” scheme that has failed.

Mexican Jonathan Sifuentes is the owner of the Ponzi scam Dicentra, which is domiciled in Dubai (Sifuentes is laying low following a securities fraud settlement with Arizona last month)

Defi is a cryptocurrency Ponzi scam that revolves around XDEFI tokens.

Math ensures that most participants in Ponzi and pyramid schemes lose money, whether they invest directly in DBME tokens or indirectly through Smart Income.

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