Thank you @kennyskitchen for your post. Just recently a network marketing acquaintance of mine was canvassing on FB for people who want to join BitClub and earn $200 a day. I immediately googled Bitclub website and suspected it to be an "mlm ponzi scheme". The minimum investment is $500. I will re-visit the attached research links to read further.
You're very welcome. I know a lot of people who have been burned on a variety of these MLM schemes, and always try to help others avoid the same fate.