Synergy Wealth System Review: Postcard cash gifting
There is no information on the Synergy Wealth System website indicating who owns or runs the business.
The Synergy Wealth System website domain (“synergywealthsystem.com”) was registered on the 17th of October 2015, however the domain registration is set to private.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The Synergy Wealth System Product Line
Synergy Wealth System has no retailable products or services, with affiliates only able to market Synergy Wealth System affiliate membership itself.
Participation in the Synergy Wealth System compensation plan sees affiliates provided with various market tools to promote the Synergy Wealth System income opportunity.
The Synergy Wealth System Compensation Plan
The Synergy Wealth System compensation plan sees affiliates gift $200 to $3000 payments to other Synergy Wealth System affiliates.
Gifting payments are split into four, with recruiting affiliates receiving payments from those they recruit and one of the payments going to the Synergy Wealth System admin.
The remaining three payments are paid out via a unilevel compensation structure.
A unilevel compensation structure sees an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Each of the Synergy Wealth System buy-in levels acts as a qualifier to receive payments from subsequently recruited affiliates. In order to receive payments across all five offered levels, a $6600 payment is required.
With the unilevel compensation structure in mind, here’s how payments and commissions in Synergy Wealth System work:
- $200 level = $50 to your upline (the affiliate who recruited you), $50 to their upline (upline level 1), $50 to their upline (upline level 2) and $50 to the admin
- $400 = $100 to your upline, $1000 to their upline, $100 to their upline and $100 to the admin
- $1000 = $250 to your upline, $250 to their upline, $250 to their upline and $250 to the admin
- $2000 = $500 to your upline, $500 to their upline, $500 to their upline and $500 to the admin
- $3000 = $750 to your upline, $750 to their upline, $750 to their upline and $750 to the admin
Recruitment Bonuses
Synergy Wealth System pays affiliates recruitment bonuses as follows:
- recruit five $3000 affiliates in a month = $2000 bonus
- recruit ten $3000 affiliates in a month = $4500 bonus
Joining Synergy Wealth System
Affiliate membership with Synergy Wealth System is tied to payment of $200 to $3000.
A Synergy Wealth System affiliate can either qualify for payments incrementally ($200, $400, $1000, $2000 and then $3000) or via a one-time $6600 payment.
Conclusion
You receive a postcard in the mail pitching you riches. All you have to do is send money to four people and then send out postcards of your own.
Hearkening back to oldschool pre-internet cash gifting, Synergy Wealth System still use postcards to commit financial fraud.
Although payments and downlines are now tracked online, the concept of the scheme remains the same. You pay a participation fee to the affiliate who recruited you (and their upline), which then qualifies you to receive the same from subsequently recruited participants.
The First Payment Will Be To Admin This Is 25% Of The Package Amount. The Remaining Payments To Your Partners Will Total The Amount Indicated For Chosen Level.
After Completing The Payment To Admin With Credit Card You Will See Instructions As To How Your Partners Choose To Be Paid.
The anonymous Synergy Wealth System admin skims 25% off of every payment made, which guarantees them the lion’s share of gifted funds.
Nothing in Synergy Wealth System is marketed to or sold to retail customers. The postcards and services bundled with gifting payments are little more than marketing tools to further promote the scheme.
As with all cash gifting schemes, once recruitment of new participants dies down, so too will payments within the scheme.
Over time the bottom layer of the scheme grows, such to the point that mathematically most participants are guaranteed to lose money when Synergy Wealth System collapses.
Purportedly this scheme has operated for a number of years offline, with the online component introduced after offline recruitment cooled.
Going online will breathe a little more life into the gifting scam yet, but inevitably Synergy Wealth System will still collapse and leave most participants out of pocket.
I just heard about this program 2 days ago.
It is clearly cash gifting, as you stated, Oz.
I was told, from someone who joined, that the owner is Scott Rogers (heard he also goes by Alex Miner) with 22K Collective- a BehindMLM Review from Sept ’15- “22K Collective Review: Oldschool check-based cash gifting.” His name is not on the site nor is a phone number, from what I was told.
This looks like the same color scheme as secretsuccessmachine & tidominc and same platform as tidom and eliteprofitsystem, which are all owned by john bain.
On my previous post- “Scott Rogers (heard he also goes by Alex Miner)”… The name is Scott Miller, not Scott Rogers.
I am hearing from a couple of people that Miner and Miller are the same person and from another that they are not and that Miner is the owner. Remains to be seen what is true with this scheme!
The affiliate link I used to research Synergy Wealth System had Scott Miller as one of the participants I was supposed to gift money to.
Here’s hoping he’s terminated his participation in Synergy Wealth System, or that preliminary injunction is going to get nasty (see Sann Rodrigues’ current situation).
Killroy has a few things wrong here. Secret Success Machine is owned by Bob Shafer and Elite Profit System is not even a program, it’s a funnel.
Scott Miller does go by the name of Alex Minor and is the owner of Synergy Wealth Systems. Pretty gutsy if you ask me due to his reputation in the online world.
Frankly who cares who cloned who, they are all shady.
I emailed & called a few people i saw advertising this and heard Alex Minor from a few, John Bain from another, someone else said Scott Miller & another said Rob Abrams.
Can’t find anywhere that any of these have gone by the name Alex Minor. But seems like a lot of people are just guessing.
David must be Joseph Yagudaev trying to cover for his obviously a program elite profit system. They take payments, just like all the others.
I talked to someone marketing it and they not only take ALL payments but the you have to wait for Joseph Yagudaev (David) to send you a check
Below is email I got after opting in from… Joseph Yagudaev (David)
Aw. Sorry about that Kilroy. I mistook Elite Profit System for something else. However, you did just contradict yourself in your previous post 🙂 🙂
Rob Abrams owns BSA, formerly MMM and Bob Shaffer owns SSM. That is common knowledge.
I have two is up is a bit up in the air and Synergy is owned by Scott Miller and he is trying to go by the name of Alex Minor. Email support and see what they tell you. 🙂
Problem is that some “producers” are linked to Scott Miller and as I am sure you know, people simply can’t keep their mouths shut when they are direct to the owner. 🙂
@David
Actually I did email support and was told that the owner of a different program started the rumor that this is owned by scott miller when it isn’t. Email said he is an affiliate.
emailed and called quite a lot of promoters most people I heard of so I assume they are “producers”. Some said scott some said john some said alex 1 said rob. Should have kept a log to see who was winning as far as number of votes for each but didn’t.
Whatever program owner doesn’t own this seems to be trying to spread rumors about who does. Or whoever owns it is.
Regardless bain is only one I’ve seen try to do programs with other names:
cashgiftingdad@(removed)
johnbain@(removed)
mattchrisbain@(removed)
aymenlaktala82@(removed)
carol_bain@(removed)
chuckrichards123@(removed)
admin@(removed)
other sites list a bunch of email aliases & names he has used these were just a few.
did something a few years ago under alias so people wouldn’t no he was competing against his own program.
I think he has done it a few times i can’t remember the name of 1 of them but it also gave away leads when you joined. same thing there, had peoples and put this other one out pretending not to be him so he wouldn’t piss off the producers in peoples program.
think he has a bunch of allies according to a few sites
@Kilroy
All the different responses you got is actually quite funny.
I have seen Bain on a couple of program (peoples is one like you mentioned), but always as himself. Same with the rest of the guys such as Bob, Rob and the rest. Synergy seems to be the one that is trying to be very secretive. Makes you wonder.
If you look at Synergy member #’s you can find the admin and techs fairly easily.
#??? = “Admin Synergy Wealth System” synergywealthsystem at gmail
#118 = “root user” root at gmail
#119 = “root1” root1 at gmail
#120 = “root2 root2” ankush1.shantiinfotech at gmail
#121 = “root3 root3” harshan.shantiinfotech1 at gmail
And #126 brings them together for the peak of the pyramid.
#141 brings up the first people after the admin and cronies. Brandy Ferreira, Andrea Loza, and Michael Roller. Scott Miller is at #144. Timothy Thomas of TNCL Marketing is #199.
On the other hand, going through the graphics in synergywealthsystem.com/wp-content/uploads/2015/ you do see that the logo does bear the name “scott” in its directory listing.
Going up a directory, you can see that the admin’s WordPress account has existed since 2012.
Also, going through synergywealthsystem.com/wp-content/uploads/2016/01/ and synergywealthsystem.com/wp-content/uploads/2016/02/ will get you a good idea of who all is in this scheme.
Looks like a collaborative effort to run it, with Indian developers (who are in on it and given positions).
@David
Took a while but I found it. i couldnt remember the name but it is profusionx same sitution bain put out peoples program then not long after put out this other one his producers were claiming a bunch of different names as owner then it came out that it was bain.
Looks like he has done a bunch orf stuff that he didn’t want people to no it was him. Who knows this time.
But since it would be hard to find anyone with as bad a reputation online as Bain or even half as bad it makes sense he would go back to profusionx plan of different name and free leads.
@Kilroy
Aw. I heard rumor that bain possibly was running profuxion but I don’t know. I know he openly ran peoples and premier wealth. So it really does not look like he is one to hide.
The dude even did webinars for peoples if I remember correctly.
As far as reputation I can’t really find marketers bashing bain. Only a couple of scam sites. Then again, the scam sites are bashing nearly all the program owners, admins, etc. in the so called ‘industry’.
Looks like Yu Blueit has put up the best information (by far) about synergy than any of us though. I went through all the info he posted and it looks more and more that ole miller is the culprit behind synergy.
David, Bain was confirmed to have been the ProfusionX admin.
See realscam.com/f11/john-lutarian-bain-serial-con-man-fraudster-3704/ and google “kratoz123” along with the profusionx name.
@David
i don’t no Ive been on millers email for a long time he everything Ive seen him do he does webinars and calls loves to hear himself talk and trys to be the bigshot.
I think i got one or 2 email from him about synergy and that is all. I listened to a few of the calls and never herd him.
can still find stuff about profusion that they were saying other people owned it probably so bain wouldn’t piss of the people in peoples program. looks like same thing agin.
Scott Miller is absolutely the owner of Synergy Wealth System. I have personally spoken with Brandy Ferreira (using my real name) Brandy is a close personal friend of Scott Miller. John Bain is the owner of Tidom and has nothing to do with this.
Here’s a very interesting fact about Tidom: If you copy & paste the descriptions of Tidom’s products into Google search… All of the products are cheap PLR products. Bain, or who ever designed the actually site used that exact PLR descriptions.
Synergy Wealth System’s website is just made to look like Tidom’s But it’s a poorly done version.
Never fear my friends I’m sure the Government with eventually catch up with Scott Miller once again.
I don’t no it looks like a lot of people trying to convince of different things
i emailed support again and got this i think i pissed them off
Lol, Miller’s probably going to wind up like Rodrigues now that there’s an injunction in place against him.
Synergy Wealth System to Miller is as iFreeX was to Rodrigues.
That’s not a retailable product or service being marketed to and sold to retail customers within the Synergy Wealth System business opportunity.
Neither are those.
Synergy Wealth System is a cash gifting scheme, modeled on the outdated notion of bundling crap with affiliate gifting payments somehow not making it a gifting scheme. Seasoned scammers this lot.
This guy, Yagudaev, is back with another scam. Obviously, now going with the new niche for scammers, crypto mining!
The new scam is Cryptobittrade. He is supposedly running it with another long time scammer, Ramon Escalera.
Here is the link to the thread started on MMG by a two cent scammer, wealth20xx: moneymakergroup.com/index.php?s=&showtopic=538326&view=findpost&p=1110020311