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Not a terrific year for Tom McMurrain in 2019.

CMDX was on the edge of bankruptcy in March 2019, causing McMurrain to plead for $100,000.

Then, in August, CMDX was removed off the sole public exchange where McMurrain had managed to list it.

Following this, CMDX stagnated and effectively failed.

McMurrain got the domain “databank.me” on June 1, 2022.

On August 2, the former website domain for CMDX was moved to DataBank, and McMurrain relaunched his unsuccessful crypto swindle.

Continue reading for a complete summary of DataBank’s MLM potential.

DataBank Business
Tom McMurrain (right) is a convicted felon whose MLM claim to fame is being the top earner in the United States for OneCoin.

The $4 billion OneCoin Ponzi scam. It is regarded as one of the most renowned MLM frauds ever.

McMurrain is in the middle tier of OneCoin’s fraudsters despite being a high US earner (OneCoin’s US presence was limited).

OneCoin’s Ponzi scheme failed in January 2017. Quickly abandoning ship, McMurrain started CoinMD in May.

The core of CoinMD’s business plan was:

Give Tom McMurray money for nothing of value. CoinRewards Ponzi points healthcare everyone loses money except for Tom McElrain
In March 2019, CoinMD failed, causing McMurrain to relaunch as CMDX. Now, the scheme consisted of “monetizing personal information.”

Aside from the substitution of CMDX and U$D tokens for CoinRewards, the business strategy remained same.

Give Tom McMurrain cash in exchange for worthless CMDX tokens or personal information. Everyone loses money except Tom McMurrain. CMDX fell considerably faster than CoinMD. McMurrain left it inactive until a few months ago, which places the debut of DataBank in or around July 2022.

DataBank’s Merchandise
DataBank lacks a retail product but provides a free tier.

After 12 months, those who register for free and complete a “HealthStyle profile” will get $280 worth of DataRewards (DBME) tokens.

DataBank’s MLM division offers no retailable items or services.

DataBank’s pay structure
Affiliates of DataBank register and get DBME tokens. Subscriptions are paid for using DBME tokens.

DataBank does not publish the internal DBME conversion value, however its subscriptions are priced in USD equivalents:

Prime – $75 yearly membership, receive $550 in locked DBME over 11 months
Bronze – $550 per year for $1,260 worth of locked DBME across 10 months
Silver — $1100 for a two-year subscription; receive $3070 worth of locked DBME over the course of nine months.
Gold – $3,300 for a three-year subscription; get $8,210 in locked DBME over the course of eight months.
Platinum — $5,500 for a five-year membership; receive $13,350 worth of locked DBME over the course of six months.
Note that subscription-obtained DBME is locked for the duration of the subscription (12 months to 5 years).

The MLM aspect of DataBank compensates for the recruitment of affiliates who pay a membership fee.

Recruitment Commissions
When DataBank affiliates recruit new affiliates, they are compensated in USD and DBME.

DataBank does not publish specific compensation rates, but gives the following two samples in its compensation documentation:

Recruit a Prime affiliate and get $75 + $50 in DBME (notice that $75 is the whole subscription fee, I’m not sure if it’s a typo or not).
Recruit a Silver affiliate to get $550 in addition to $50 in DBME.
Based on Silver, it appears that recruiting commissions are 50% of paid subscriber fees and $50 or more of DBME.

Recurring Commissions
DataBank pays residual commissions via a binary compensation plan.

A binary compensation system sets an affiliate at the head of a two-sided (left and right) binary team:

The initial level of a binary team contains two places. The second level of a binary team is formed by dividing the initial two places into two additional positions (4 positions).

As necessary, successive levels of the binary team are constructed, with each new level containing twice as many slots as the preceding level.

The binary team is staffed through direct and indirect recruiting of affiliates. Note that there is no limit to a binary team’s depth.

Every Monday, DataBank records the number of new subscriptions for both binary teams.

Affiliates are compensated 10%, capped by the amount of membership fees they’ve paid:

Affiliates at the premier tier earn up to $250 each week in residual commissions.
Affiliates at the Bronze tier earn up to $550 each week in residual commissions.
Affiliates in the Silver Tier earn up to $1100 each week in residual commissions.
Affiliates in the Gold Tier earn up to $3,300 a week in residual commissions.
Platinum affiliates can make up to $25,000 each week in residual income.
Once volume has been paid out, it is matched with the stronger binary team side and flushed. Any remaining volume on the side of the stronger binary team is carried over.

Equivalent Bonus
DataBank offers a Matching Bonus on residual commissions generated by affiliates in their downline.

The Matching Bonus is distributed via a compensation scheme with a single level.

A unilevel pay system positions an affiliate at the apex of a unilevel team, with each individually recruited affiliate positioned directly behind them (level 1):

Recruited level 1 affiliates are put on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates join new affiliates, they are promoted to level 3, and so on down an unlimited number of theoretical levels.

DataBank places a limit of four unilevel team levels on the Matching Bonus.

The Matching Bonus is given on residual commissions generated as follows throughout these four levels:

Bronze and Silver affiliates get a 10% match on level 1 (affiliates directly recruited) and level 2 (affiliates recruited by other affiliates).
Gold affiliates receive a 10% match on levels 1 and 2, and a 20% match on level 3.
Platinum affiliates receive a 10 percent match on levels 1 and 2, 20 percent on level 3, and 25 percent on level 4.
Note that in order to be eligible for the Matching Bonus, a DataBank affiliate must have earned at least $400 in weekly residual commissions.

This condition disqualifies affiliates of the Prime tier from the Matching Bonus.

DataBank affiliate membership is contingent upon a subscription:

Prime – $75 for a year
Bronze – $550 per annum
Silver – $1,100 each year for two years
Gold – $3,300 over three years
Platinum – $5,000 over five years
The more an affiliate’s subscription cost, the greater their potential earnings.

DataBank Concluding Remarks
Not unexpectedly, the business model of DataBank may be summed up as follows:

Give Tom McMurrain money in exchange for useless DBME tokens or personal information. Everyone loses money except Tom McMurrain.
In contrast to CMDX and U$D, which were ERC-20 tokens, DBME McMurrain has transitioned to BEP-20.

Whether ERC-20 or BEP-20, these tokens may be created in a few minutes at minimal cost.

Although “personal information” is still the scam, free users and affiliates can earn extra DBME by accomplishing other tasks outside of the token investment program.

This section of DataBank is branded as “SuperWallet.”

Given that McMurrain creates DBME tokens on demand for little to no cost, “tasks for DBME tokens” are effectively busywork.

McMurrain locks up acquired DBME on the back end, therefore the only way to make money is through the recruitment of new affiliates. This is a typical pyramid scam.

As we have seen with CoinMD and CMDX, when tokens are distributed there is nothing to pay out because the tokens themselves are useless.

In this regard, DataBank looks designed to assist McMurrain’s CoinMD and CMDX victims in transferring their token bags to new victims.

When a new affiliate joins, they pay a current token bagholder through the backoffice of DataBank. The bagholder then transfers tokens from their personal supply to the new recruit.

In a recent DataBank webinar, McMurrain lamented that one of his victims sold 50 million tokens for $38 (or $0.00000076 each token).

McMurrain is already planning his next scam based on the likelihood that DataBank will fail once the window for duping fresh victims through a name-change closes.

Cryptocurrency and FX trading in a dubious Telegram group… groan.

“MySignal” will be accessible to DataBank customers at the Silver and above tiers.

MySignal directs DataBank affiliates to Smart Income, a cryptocurrency and foreign exchange trading platform with its own marketing strategy.

Unsurprisingly, Smart Income also provides access to automated trading bots for investors.

Smart Income is established through a Connecticut shell business. Tom McMurrain and the proprietors of Smart Income, Eric Kipperman and Che Shiva, are all American citizens.

The SEC has not registered DataBank, Tom McMurrain, Smart Income, Kipperman, or Shiva.

In my study on Smart Income, I came across a firm marketing Meta Force, which I found to be rather intriguing.

Meta Force is a Forsage Ponzi scam operated by Lado Okhotnikov.

In August, the SEC launched a lawsuit against Okhotnikov and eight other Forsage fraudsters for securities fraud.

MetaForce ceased to exist last month. The last time I checked, Okhotnikov was attempting to launch some MetaForce NFT crap.

Under the guise of “”smart contract”, “”smart trading”, and “”smart staking”, Kipperman and Shiva direct Smart Income members into different crypto scams:

Swapnex is Boris CEO’s defunct Ponzi scam.
Pinaki is a “trading” Ponzi scam that has failed.
Decentra is a Dubai-based Ponzi scam conducted by Jonathan Sifuentes, a Mexican native (Sifuentes is laying low following a securities fraud settlement with Arizona last month)
XDefi is a crypto “staking” Ponzi scam based on XDEFI coins.

Whether they invest directly in DBME tokens or indirectly through Smart Income, the majority of participants in Ponzi and pyramid schemes are mathematically certain to lose money.

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