Wealth4AllTeam management unveil Ponzi reboot plan
Typically when a Ponzi or pyramid scheme launches in the MLM industry, management or those behind the scheme attempt to justify the scheme via misdirection and flawed logic.
To achieve this all manner of tactics are deployed. Some profess the legitimacy of their schemes behind ad packs they bundle with the admission price into their schemes, some do indeed sell products but only do so to members participating in the scheme, whilst others insist that by removing guarantees of ROI payouts that they are legit.
There are far too many tactics used to list here but despite the arsenal of trickery Ponzi and pyramid scheme admins have at their disposal, they all have one fatal weakness.
Follow the money, and time and time again these schemes are revealed for what they really are.
One such scheme, Wealth4AllTeam was launched in 2010 and upon initial review was deemed to be an effective 10 day ROI scheme, with members investing in “training & advertising packages”, otherwise known as TAPs.
Members invested in TAPs and after 10 days received a ROI, funded by new investments made during that 10 day period.
Accounting for forced reinvestment and the multiple levels that existed within these TAPs, the Wealth4AllTeam scheme effectively paid out 193%-250% ROIs over 60 or 120 days (depending on how much was invested).
Not surprisingly, the Wealth4AllTeam Ponzi scheme crashed around August 2012. Shortly after the collapse, those that had invested in the scheme were then told by Wealth4AllTeam CEO Danny Cianciulli (photo right) that the company was going to relaunch itself as Primus Social.
Analysis of Primus Social revealed that it was a blatant pyramid scheme. Primus Hub members paid $12.95 a month to participate in the scheme and were paid based on how many paid members they had recruited (and those their down and uplines had recruited) each month.
Primus Social was launched under the brand “Primus Hub” and was supposed to be the foundation of a series of “Primus” branded opportunities, including advertising (Primus Marketing), penny auctions (Primus Auction) and a shopping portal (Primus Mall).
Not surprisingly, despite being announced almost half a year ago, none of these additional components of Primus Hub have launched. That of course hasn’t stopped Cianciulli from forging ahead with a new business opportunity.
Formally announced just days ago, in an email sent out to former Wealth4AllTeam members, management welcomed them ‘to the Wealth4All High Yield Investment Program‘.
The email goes on to describe this new “investment program” as being
a total passive investment only program there are no requirements to earn except make a deposit and let it work for you.
The W4A H.Y.I.P. will allow you to deposit $10 to $10,000, and allow you to earn 1.6% per day of which 50% is compounded daily.
Each day your earnings will be split between reinvestment & cash
that can be withdrawn.There will be some type of commissions plan to reward those of you that choose to help the program grow by bringing in new depositors.
Hmm, that sounds an awful lot like a Pon… but wait, surely it couldn’t be. Alright guys, so where are the commissions going to come from?
Money for payouts will come from new deposits into the W4A investment program.
Oh dear.
The email does mention ‘company sales of advertising tools and other sources of cash flow’ as additional revenue generators but… well, rememeber those “tactics” I touched on at the start of this article?
The simple fact of the matter is that if the original Wealth4AllTeam Ponzi scheme was doing anything but pay out ROIs with newly invested money, they wouldn’t have collapsed due to ROI liabilities exceeding new investments coming into the company.
Company sales of advertising tools and “other sources of cash flow”? Yeah, good one guys.
Putting two and two together, it appears that after the two year or so run the original Wealth4AllTeam Ponzi scheme had, Cianciulli has learnt that pyramid schemes are a bit of a different story (especially when you launch one on the back of a failed Ponzi scheme).
So what do you do with the money you took from your original failed Ponzi scheme and whatever you’ve made running a new pyramid scheme for a few short months?
Why, startup yet another Ponzi scheme of course and hope for the best.
This time…
Footnote: The original email sent out to Wealth4AllTeam members can be viewed in its entirety below:
Welcome to the Wealth4All High Yield Investment Program!!!!
If you were a member of W4A before, you can forget all you knew about our previous program. As Monty Python would say, “Now for something completely different.”
A total passive investment only program there are no requirements to earn except make a deposit and let it work for you. However, you must be a member of the W4A Private Marketing Association, and you must have paid the annual fee right now set at $14.95.
The W4A H.Y.I.P. will allow you to deposit $10 to $10,000, and allow you to earn 1.6% per day of which 50% is compounded daily.
Each day your earnings will be split between reinvestment & cash that can be withdrawn. So, once you have earned 50% on your original deposit then you will be required to make a new deposit to continue earning money. You will be limited to withdrawals of $500/week initially.
There will be some type of commissions plan to reward those of you that choose to help the program grow by bringing in new depositors but the exact format of that plan has not been determined.
It may be single level or dual level commission payout program.
One example might be 1st level 5%, 2nd level 2 1/2% but that is NOT THE PLAN JUST AN EXAMPLE.
Money for payouts will come from new deposits into the W4A investment program, as well as from company sales of advertising tools and other sources of cash flow.
There will be no withdrawals from the W4A I-PAYOUT account until further notice.
Mark your calendars if you have not met AU’s qualifications by Jan 31st, your account will be closed.
Qualifications are either a member of PRIMUS HUB matrix, or you have made a deposit into the new W4A program. Additionally, you need to pay the W4A PMA annual fee, and sign the W4A PMA agreement.
There will be a limited Q and A after Saturday’s Conference Call. The W4A Opportunity Call Presentation for the new W4A program will begin at 4PM EST followed by a 30-40 min Q & A session.
Next week we will meet on Wednesday at 9PM EST and Saturday at 4PM EST.
Thanks for attending the call live and re-listening to the call. All the details are not finalized right now….. Stay tuned and don’t forget to join us on Saturday.
Please invite your friends before they invite you.
On Your Team!
The Wealth4AllManagement
They even admit they are an investment, hmmm? Where’s SEC when you need them?
The new theory in certain HYIP Ponzis seems to be that, if you announce up front you’re running a Ponzi scheme, it takes assertions of fraud out of play.
In short, “We’re running a Ponzi scheme, but it’s an honest one.”
This sort of pretzel logic has been associated with the “sovereign citizens” movement and with JSSTripler/JustBeenPaid, for instance. It also has been associated with Ponzi/pyramid schemes that operate in Russia and in the old Soviet Bloc.
Given the reference in the email to the “W4A Private Marketing Association,” I’d say they’re taking a page out of the AdViewGlobal “private association” playbook. Next thing you know, they’ll be selling a means by which individuals can practice law and medicine without a license.
AdViewGlobal grew from the carcass of AdSurfDaily and divined a construction by which its “private association” insulated itself and pitchmen from prosecution.
ProfitClicking, the JSS/JBP follow-up scam, is using wordplay in similar fashion, disclaiming any responsibility on the part of itself or affiliates.
This is organized crime on a global scale and is dangerous beyond measure — everything from the theft of colossal sums of money to identity theft to the theft of banking/credit card and payment-processor information.
PPBlog
Or they’re doing the India SpeakAsia thing… form an association of members and try to do all the illegal **** (like paying off some people who sued the company) and claim it had nothing to do with the company. 🙂
You’re behind the times. They just announced that they are going to be paying 2.1%. Guess the pittance 1.6% wasn’t drawing enough new money from the old players.
But this is a private association and therefore not subject to the feds. I know because Danny and Victor said so.(barf here)
Here’s the latest update, and I quote:
Wow that’s a whole lotta blatant Ponzi right there.
Thanks for sharing Lynn.
You’re welcome, and it appears that Primus Hub is on hold for now. They were to have launched on 11/24, but didn’t and then said the first of January. Still not launched or even referenced now. Then they did this announcement of the “revised” w4at program.
Just an illusion of those who had money in the old program will be able to get it out with this “revised” program. A money grab before exiting for good I’m afraid.
Yes, I can pretty much confirm what has been stated above. I originally joined W4A in August last year and fortunately only “invested” a small amount.
However, the guy who enrolled me paid me in & helped me to buy the 1st series of TAPs, has basically lost that now. I feel bad for him because he is one of natures gentlemen.
I got taken in by the BS that Cianculli & Ronzulli et al spat out, thinking that if I buy shares, I would be able to get my sponsor at least some of his money back, if not all of it. But the Ex O’s have gone back on pretty much every promise we’ve been spoon fed.
To get our AU values, we should sign up to Primus social. So we sign up to Primus Social, incurring other fees as well as monthly membership fees. Now it is all change, yet again.
Now they are no longer going to honour the original promise. If you want your AU’s, you now have to spend yet more money signing up to be a member of W4A2, and incur yet more fees and monthly fees.
I have been trying to sell my shares in Primus, I’ve had people saying they would buy them off me. However, I can only sell them thru Admin, which will no doubt incur more costs. The problem is, admin don’t even acknowledge tickets, let alone give an answer to the “how do I sell my shares” question.
The more people read into these rip offs, the less money there is to go around, and Cianculli & Ronzulli are doing their utmost to get what they can of it before it dries up totally.
I’ve basically written off the money I’ve lost, but I’d like to do what I can to prevent anyone else getting hurt by these scams. I still haven’t been kicked out of the Skype room (yet!), so I keep popping up there and trying to make life less comfortable for admin. Keep up the good work guys.
Still no word on the launch of Primus Hub with their penny auction and shopping mall. But they are sending out E-mails telling people their monthly payments didn’t process and to be sure to pay them.
From what I am seeing on the forums, they are losing people by the droves. But then I think that was their plan all along, and then announce not enough people to launch Primus Hub and its the members fault for causing its demise.
They tried as hard as they could but the members weren’t “patient” enough. Bad members, Bad members.
They are done with. I have written them off as a Complete Scam. They Ripped us off in Wealth4AllTeam by purchased So Called Founder Shares for $25.00 each.
I came across people that bough $5000 worth of shares. The shares are completely worthless, they are currently paying .14 cents per month. And the remaining AU’s that we were suppose to have been paid on, have not been honored at all.
Primus hub, you have to recruit 13 PAID referrals just to break even the $12.99 monthly subscription, a dollar per referral??? seriously, and they also have to get atleast 13 paid referrals also.
Hmmm. They have really turned out to be a BIG SCAM.