AWARE YOURSELF ABOUT WHY SECURITIES AND EXCHANGE COMMISSION (SEC) VERIFY INCOME STORE A PONZI SCHEME

What if you can give over your cash to someone and have a guaranteed rate of return put down in a deal? It seems like something you'd wish to be a part of. Wrong!

Even though https://www.scamrisk.com/income-store/ offered a desirable and seemingly rational offer. According to the SEC, it has devolved into little more than a typical internet Ponzi Scheme.

Was it, however, always wrong? Were there ever good intentions? We delve further into the intricacies of Income Store and what you require to grasp. But don't be too disheartened; there are legitimate ways to generate money online that help the end-user.

HOW DOES THE INCOME STORE OPERATE?

It was relatively easy. Ken and his team would provide investors the opportunity to invest in existing profitable internet enterprises.

All the shareholder would have to perform is foot the cost, and in exchange, Income Store would handle it and divide the earnings 50/50. Thus, the company plan is sound.

The problem is that they developed far too rapidly and were immediately consumed by fire.

WHAT HAPPENED TO THE INCOME STORE?

Beginning in 2012 and continuing through 2019, the firm saw substantial growth. Moreover, they had the kind of growth that any company would have wished for.

They would run out and acquire properties from various brokerages, then find financiers to make it happen. However, reports began to spread in late 2019 that Income Store was going bankrupt. They could not pay their workers, and the Securities and Exchange Commission (SEC) intervened and branded them a Ponzi Scam.

COMMUNICATION PROBLEMS

Income Store had severe communication problems. They would ignore the contract broker for days or even weeks. That's strange since, as a recipient, you want to get to the websites as soon as possible.

They would have also needed all of the project's details as quickly as possible, such as an income analysis. Still, we never saw any indication of any haste from them as a purchaser.

Still, we don't believe they were doing it maliciously; instead, we think they were developing too quickly for their benefit. As a result, they could not reply to everyone at the necessary pace.

FINAL WORDS

Since the closure of Income Store, the firm has seen a control shift, and the resources are now under new leadership. However, due to all of the wealth mishandling discussed before, the SEC (in the United States) contends that new shareholder cash was used to pay off older investors... So you can see how it may be a problem.