CyberWealth 7 Review: Anti-keylogging and cloud storage
CyberWealth 7 went into prelaunch in mid 2013 and launched shortly thereafter in early 2014.
The company is presented as being “a division” of Cyber Wealth Alliance, both of which are based out of the US state of California.
Heading up CyberWealth 7 (and presumably Cyber Wealth Alliance) is Jeff Crane (right), who serves as company President.
In 2012 Crane launched the 4 Color Gold opportunity, which saw affiliates get paid to recruit new affiliates and earn residual commissions (paid out of affiliate membership fees) through a series of 2×3 matrices.
Being dependent on affiliate recruitment, 4 Color Gold launched January 2012 and appears to have collapsed a few months later. Today the 4 Color Gold website domain is defunct.
4 Color Gold was set up in a similar fashion to CyberWealth 7 and Cyber Wealth Alliance, only then Crane called the parent company “The Cash Flow Alliance”.
Taken from the BehindMLM 4 Color Gold review,
The Cash Flow Alliance’s previous business adventures include the ‘International Financiers Business Association’ (IFBA), which was advertised way back in 2004 as a ‘profit share’ program and appears to be now defunct.
Another failed Cash Flow Alliance opportunity includes something called ’10k21days’, which dates back to around 2009.
Why Crane renamed The Cash Flow Alliance to the Cyber Wealth Alliance is unclear.
Prior to 4 Color Gold Crane was an affiliate with Royal Cruise Matrix (2009). Royal Cruise Matrix was quite obviously the inspiration behind 4 Color Gold, with it too charging affiliates a participation fee and then relying on them filling a series of matrices (via recruitment) in order to get paid.
In the above image, Faith Sloan lists Crane as the 8th ranked affiliate in Royal Cruise Matrix.
Faith Sloan incidentally is currently facing a civil lawsuit filed by the SEC over her involvement in the Ponzi scheme TelexFree.
Read on for a full review of the CyberWealth 7 MLM business opportunity.
The CyberWealth 7 Product Line
CyberWealth 7 has no retailable products or services of their own. Instead, the company markets the anti-keylogging software “GuardedID” and cloud storage service “ProtectID”, both of which are developed by StrikeForce Technologies.
StrikeForce Technologies run an affiliate program for GuardedID, which Crane (through CyberWealth 7) appears to have signed up for.
A letter from StrikeForce Technologies’ Vice-President, George Waller, is viewable on the CyberWealth 7 website. In the letter, Waller writes that he “appreciates” CyberWealth 7’s efforts to promote their products.
It’s worth noting that Waller cites an affiliate agreement date of March 23rd 2013, which fits with Jeff Crane prelaunching CyberWealth 7 a few months after.
As for the anti-keylogging software itself, GuardedID claims to block keylogging software by encrypting keyboard keystrokes.
Our encryption software encrypts your keyboard in real time with 256 bit encryption, which is the highest existing level of encryption today, and makes it literally impossible for keylogging viruses to access any information from your keyboard.
GuardedID is offered in two varieties, “standard” and “premium”:
The Standard version provides full protection against online theft by encrypting your keystrokes during online data input and financial activities.
The Premium version provides extra data protection by encrypting your keystrokes during all computer activities, including use of MS Word, Excel, Power Point, online and offline e-mail, Skype, different accounting programs, word processing programs, etc.
Offered via a monthly subscription to retail customers, CyberWealth 7 charge:
- $15 and then $7 a month to “protect 2 computers” (1 Premium)
- $45 and then $17 a month to “protect 5 computers” (2 Premium)
- $59 and then $33 a month to “protect 10 computers” (3 Premium)
The mention of protecting computers alongside a much lower “Premium” number in the compensation plan is slightly confusing. I believe it indicates that xx computers can be protected via the aforementioned “Standard” protection, and up to 3 computers can be protected with Premium protection (depending on which plan is purchased).
I tried to cross-reference with the CyberWealth 7 website, but the customer order page makes no mention of Premium and Standard protections.
When selecting the $15 purchase for example, the CyberWealth 7 website simply states it ‘includes 10 computer license (sic) for both products‘ (GuardedID and ProtectID).
The CyberWealth 7 Compensation Plan
Although retail commissions are available, the CyberWealth 7 compensation plan primarily revolves around the recruitment of new affiliates and them doing the same.
Commissions are paid out either directly or residually via unilevel and 1-up compensation structures. Additional performance and rank-based bonuses are also available.
Retail Commissions
CyberWealth 7 pay out retail commissions on the purchase of one of their customer subscription packages. This includes an upfront retail commission and ongoing residual commission on the monthly fee charged:
- $15/$7 plan = $5 once-off commission and then $1 a month
- $45/$17 plan = $10 once-off commission and then $6 a month
- $59/$33 plan = $20 once-off commission and then $11 a month
Residual retail commissions are also paid out, payable on retail customer subscriptions made by affiliates in a downline.
Residual retail commissions are payable on retail customer subscriptions down seven levels of recruitment, paying
- 25 cents a month on a $15/$7 plan sale
- 50 cents a month on a $45/$17 plan sale and
- $1 a month on a $59/$33 plan sale
Recruitment Commissions
CyberWealth 7 affiliates are paid direct commissions on the recruitment of new affiliates. How much of a commission is paid out is determined by how much in monthly fees the newly recruited affiliate pays:
- Cyber Friend ($15/$14 a month) – $7
- Affiliate Partner ($45/$26 a month) -$25
- Executive Partner ($59/$44 a month) – $35
Note that these are once-off commissions and are not paid monthly.
An affiliate is able to earn a bonus on these amounts, if they recruit three or more affiliates in their month:
- Cyber Friend – $3 extra
- Affiliate Partner – $5 extra
- Executive Partner – $10 extra
This bonus continues to pay out on all affiliates recruited within a new affiliate’s first month with the company.
Residual monthly commissions are also payable on CyberWealth 7 affiliate membership fees as follows:
- Cyber Friend – $3 a month
- Affiliate Partner – $6 a month
- Executive Partner – $11 a month
Coded Bonus
An additional monthly residual commission is paid out to CyberWealth 7 affiliates via coded bonuses.
Coded bonuses are paid out on the 1st, 3rd, 5th, 7th and every recruited affiliate thereafter, with an affiliate’s 2nd, 4th and 6th recruited affiliate coded bonus passed to their upline (the affiliate who recruited them).
In turn, an affiliate received pass-up coded bonuses from the 2nd, 4th and 6th recruited affiliate their personally recruited affiliates recruit.
How much of a coded bonus is paid out is determined by how much an affiliate themselves pay in monthly fees, and the fees paid by the recruited affiliate the coded bonus is paid out on:
- Cyber Friend affiliates receive $3 a month on all coded bonuses, irrespective of the subscription paid by the affiliate the bonus is generated on
- an Affiliate Partner affiliate receives $3 on all coded Cyber Friend affiliates and $5 on coded Affiliate and Executive Partners
- an Executive Partner affiliate receives $3 on all coded Cyber Friend affiliates, $5 on coded Affiliate Partners and $15 on coded Executive Partners
A 10% matching bonus is also paid out on coded bonuses paid to recruited affiliates:
- Cyber Friend affiliates earn 10% on personally recruited affiliate coded bonus earnings (1 level)
- Affiliate Partner affiliates earn 10% on personally recruited affiliates and their recruits’ coded bonus earnings (2 levels)
- Executive Partner affiliates 10% on personally recruited affiliates, their recruits and their recruits’ coded bonus earnings (3 levels)
Rank Advancement Bonus
CyberWealth 7 pay out a Rank Advancement bonus when an affiliate qualifies at certain ranks:
- National Marketing Director (recruit at least 5 affiliates who have in turn recruited at least 15 affiliates) – a 1 gram gold bar
- International Marketing Director (recruit at least 7 affiliates, who have in turn recruited at least 21 affiliates and have a downline of at least 49 affiliates under them) – a 2 gram gold bar
- Vice-President (recruit at least 7 affiliates, who have in turn recruited at least 21 affiliates and have a downline of at least 149 affiliates under them) – a 5 gram gold bar and “1000 corporate shares”
- Senior Vice-President (recruit at least 10 affiliates and have a downline of at least 467 affiliates under them) – a 10 gram gold bar, “2000 corporate shares” and a “$100 monthly gas card”
- Executive Vice-President (recruit at least 15 affiliates and have a downline of at least 1762 affiliates under them) – a 20 gram gold bar, “7000 corporate shares, $200 monthly gas card, $500 monthly health bonus, $3000 vacation bonus every six months and a $577 family car bonus”
- International Vice-President (recruit at least 20 affiliates and have a downline of at least 7757 affiliates under them) – a 50 gram gold bar, “17,000 corporate shares, $400 monthly gas card, $500 monthly health bonus, $3000 vacation bonus every six months, a $577 family car bonus and $1,777 luxury car or new home bonus”
Note that the downline affiliate requirements are capped down seven levels of recruitment. Affiliates recruited any deeper than that do not qualify towards the CyberWealth 7 affiliate rank quotas.
Here are some specific notes on the various bonuses awarded through CyberWealth 7’s Rank Advancement Bonus:
Monthly Gas Card – a debit card that can be used at gas stations, or in certain countries in the form of a monthly cash payment.
Monthly Health Bonus – In the USA it will be given in form of Premium Health Insurance, in certain countries it will be given as a cash bonus.
Family Car Bonus – The maximum value of this bonus can be $577. The actual value is always the exact amount of the car payment.
Family Vacation Bonus – The bonus amount is calculated by taking the average of last 6 Months Weekly Earnings x 150% up to a maximum of $3,000 per paid vacation. Proof of 1 Week Vacation must be faxed to Company to ensure the continuation of this benefit every 6 months.
Luxury Car or New Home Bonus – The Company guarantees all payments will be made until the car or house is paid in full. Company will unconditionally & irrevocably pay the monthly Car or Mortgage Payment regardless of attrition as long as the leader maintains the minimum of Senior Vice President Rank.
Global Pool
Whether or not this is still open at the time of publication of this review I’m not sure, but the CyberWealth 7 compensation plan advertises a “1% Global Pool” open to ‘the first 250 Executive Sales Partners who‘ recruit at least seven Affiliate or Executive Partner affiliates.
These 250 affiliates are paid a monthly equal share of ‘1% of (the) company’s global monthly Affiliate subscription sales‘ (affiliate membership fees).
Joining CyberWealth 7
Affiliate membership to CyberWealth 7 is available at three pricepoints:
- Cyber Friend Package – $15 and then $14 a month
- Affiliate Partner Package – $45 and then $26 a month
- Executive Partner Package – $59 and then $44 a month
The primary difference between the three options is the number of software licenses provided with each subscription, and commission amounts paid out via the compensation plan.
Conclusion
Ignoring the regulatory issues evident in CyberWealth 7’s compensation plan, with a retail offering much of the legitimacy of the opportunity lies in the viability of its affiliated products.
CyberWealth 7 market StrikeForce Technologies’ GuardedID anti-keylogging software for $15 upfront and then $7 a month. Annually, assuming the $7 monthly fee is payable on eleven out of the twelve months, this comes to $92.
StrikeForce Technologies themselves sell GuardedID, with the same 2 computer license costing just $29.99 for an annual subscription:
CyberWealth7 list a cloud-based “back up and recovery” service bundled with GuardedID. StrikeForce offer cloud-based services too, however fail to provide any indication of pricing on their website.
Either way, it’d have to cost $62 or more to make CyberWealth 7’s offering retail viable.
Not withstanding that CyberWealth 7 primarily market the anti-keylogging software on their website, only mentioning the cloud-service offering as an afterthought.
Do I think anyone is paying CyberWealth 7 $92 for what is otherwise available for $29.99?
No.
The retail commissions offered by CyberWealth 7 are nice (especially the residual and multi-level commissions, which is not something you see very often, but unfortunately the product itself is not retail-friendly. At least not at the price CyberWealth 7 are charging.
With this in mind, the rest of CyberWealth 7’s affiliate recruitment orientated compensation plan starts to make sense.
First and foremost is the evident chain-recruitment scheme built into the compensation plan. Upon joining CyberWealth 7, an affiliate can ignore retail altogether (or find that nobody want so pay $92 for a $29.99 product), and just get paid to recruit new affiliates.
GuardedID is bundled into CyberWealth 7 affiliate membership costs, which are mandatory to participate in the company’s MLM income opportunity.
There’s also a pay-to-play element added, by virtue that the more a CyberWealth 7 affiliate pays in monthly fees, the higher their potential commission payouts. Ditto if they convince their recruits to pay more in fees too.
Nowhere is this spelled out more clearly by the company than in their compensation plan summary for the coded bonuses:
In other words, the higher package you have, the more bonuses you get.
Not withstanding that all of the CyberWealth 7 affiliate membership ranks demand an affiliate have an Executive Partner subscription. Irrespective of whether or not an affiliate meets the required recruitment criteria, if they aren’t paying the highest affiliate fees CyberWealth 7 charge, they cannot qualify for any rank advancement.
Finally there’s a question of unregistered securities, by way of the company offering “corporate shares” to its affiliates through rank advancement bonuses.
Upon leader earning Corporate Stock Bonus with rank achievement, leader’s stock shall be 100% vested and irrevocable. Company will start paying dividends on its stocks commencing the first quarter of 2014.
What exactly the dividends are being paid out of is unclear (affiliate membership fees?). More importantly though, neither “CyberWealth 7” or “Cyber Wealth Alliance” appear in the SEC’s Edgar database, raising the question of whether Jeff Crane has registered the companies with the SEC.
If he hasn’t, then it appears CyberWealth 7 is most definitely engaging in the offering of unregistered securities.
Even more alarming was this promo, which I came across conducting further research into CyberWealth 7’s corporate shares:
The video, uploaded on March 3rd 2011, leads with the tired “wouldn’t you have loved to have invested in X company way back when?” (Microsoft is used in this example). The “giving away” of “7 million shares” by CyberWealth 7 is advertised.
To qualify for shares, all CyberWealth 7 affiliates purportedly have to do is sign up (10 shares) and then recruit affiliates (another 10 shares per affiliate recruited).
Granted this promotion does not appear on the CyberWealth 7 website, but quite clearly the affiliate advertising it is using a corporate produced video, so what the story is there I’m not sure.
Should they investigate, I’m sure the SEC would be able to get to the bottom of it however.
In any event, with an evident lack of retail viability and all other commissions paid out of recurring affiliate membership fees, CyberWealth 7 is likely to internally operating as a recruitment-driven pyramid scheme.
As with all pyramid schemes, once those at the bottom find they cannot recruit any new affiliates, they’ll stop paying their monthly participation fee. When that happens, those above them stop getting paid.
Then, if they also can’t find anyone new to recruit, they too stop paying their monthly participation fees. This effect slowly trickles up the company affiliate-base until eventually the scheme collapses.
What CyberWealth 7’s corporate shares might be worth then I can’t say, but I’m guessing not much.
I took a look at the Strikeforce affiliate application form.
Couldn’t help but notice that “Pyramid Scheme” wasn’t one of the available selections in the “Affiliate Categories” area of the form.
I wonder what Jeff selected to describe the CW7 “business”.
A lot of so-called MLMs are just an attempt to pile some sort of recruitment scheme (read: pyramid scheme) on top of a simple affiliate offer.
TVI Express — pyramid scheme on top of Travelocity partner (affiliate program)
BidForMyMeds — recruitment scheme on top of BidRX affiliate program
I’ve read their 10-page “White Paper” and looked at their nifty GIFs, and their anti-keylogging Toolbar seems a bone-headed approach to foil 25% of possible keyloggin.
How does it claims to work, it replaces the keyboard driver by the StrikeForce custom keyboard driver. When the StrikeForce Toolbar is installed in your browser, the keystrokes are sent straight to the toolbar, bypassing Windows character API.
Even if it worked as advertised, it still would offer any protection against key logging for any other software you might run, say, confidential text typed in Microsoft Word and then emailed as an attachment.
For $29.99 a year, you’re way better off installing a standard antivirus software from a reputable company (say, Microsoft Windows Essentials at $0.00 a year), which is quite effective preventing unwanted keylogging software from being installed .
Furthermore, on general principles, DON’T install toolbars from unknown hole-in-the-wall internet companies, unless you can somehow check their credentials, and you just cannot.
80% of PCs and laptops that come to me because they are too slow or have “viruses”, have extraneous toolbars installed in their browsers. The toolbars are always the conduits for pop-up-ads and other malware.
That was my rant and I stand foursquare by it.
Real pro keyloggers nowadays replace your keyboard with a bugged model. NOTHING can guard against THAT.
If you are REALLY paranoid, use a separate chromebook for online banking. You can get those CHEAP (under $200), and as you don’t really load apps on them per se, they don’t really get infected. AND you can still use them for other purposes.
I agree, K.C. If you are worried about keylogger spyware, either switch to Linux, or buy a specially made keyboard that encrypt keystrokes at the keyboard level.
It kind of defeats the purpose if your Wireless keyboard broadcasts your keystrokes over the air as Bluetooth packets.
Also, if your computer’s firewall is working properly, a keylogger ought to be unable to transmit your passwords and other secret stuff to anyone.
If your computer is compromised to the point that there are both a keylogger daemon and a hole in your firewall, then adding a product like GuardedID is already pointless.
It’s feel-good placebo, i.e. homeopathic crap. 😉
I agree, keyloggers are ONE kind of malware (commonly called viruses) that can infect your computer. A good antivirus protects you against *all* kinds of malware, including keyloggers.
At $29.99 the GuardedID anti-keylogger software is not a good buy, even if it works as specified. You are far better off using the money towards the price of a commercial antivirus package.
Also, GuardedID doesn’t protect you at all against hardware keyloggers, which are dongles placed on USB ports or keyboard connectors. Only the costly encrypted keyboards that you mentionned offer some protection.
I expect the Cyberwealth affiliate will try to convince people that their computer is unsafe until GuardedID is installed.
That is false. A computer is unsafe as long it runs a Windows(r) OS, any flavor.
Ha! GuardedID and StrikeForce are in the news, of a sort:
http://www.hotstocked.com/article/88116/strikeforce-technologies-inc-otcmkts-sfor.html
It seems that, as a company, StrikeForce has adopted an unsustainable fiancial model. For its last Quarter, revenues have been $80K, and the operating loss $800K.
Furthermore, the company have been issuing new dilutive shares at a staggering rate, the company has raised its Authorized Shares ceiling 5 times this year, to 6.95 billion shares, then proceeded to a 1500-to-1 Reverse Split.
There’s a lot of convertible debt in the process of being converted into dilutive shares, exerting a downward pressure on SFOR stock price.
The company stock now trades around $0.01 a share, post-split.
Just a quick message to say that I now consider CyberWealth7 to be a scam as they wouldn’t pay me and now I’m locked out of the program.
I’d requested just $77 by Western union (my first payout) and after 2 weeks asked support where it was, they said it can be up to 14 working days so to give it another week, so I did and still no payment, I contacted support again and no reply this time.
Due to no payout then I wasn’t going to spend any more there and so they’ve locked me out altogether.
It seems that they are stealing funds from members wherever they can so I would advise everyone to stay away from it or any other program run by Jeff Crane, who’s reputation seems questionable in this article.
Protip: The business model was questionable long before they stopped paying you.
So I’ve been trying to research this “company”. Someone I know got duped into being an affiliate AND is paying for myself and others to be affiliates as well. I had no knowledge of this until he told me yesterday.
Apparently he has been attending their meetings in Florida. They are telling him that he is in the top with 250 other people and advising not to sell the product yet because they are currently “perfecting” it. Which makes me wonder, what are they really doing besides making a shitload from him and all these other 250 people?
I don’t know how to tell this person that he is being conned. Viewing their website it is quite evident they don’t even have the decency to hire a professional website designer.
I signed up with CW7 and thank goodness no one signed up under me.
SFOR is tanking (investorshub.advfn.com/StrikeForce-Technologies-Inc-SFOR-6310). When I showed this to the guy who brought me in, he told me I have 10 shares of SFOR, for FREE and that’s a good deal!!!!
Crane is selling his “Academy” training packages from $400 down to $100. You should hear the people on the Friday calls. They think they’re with a real company!
If you’re reading this, stay away from CW7 and StrikeForce Technologies.
This company is a scam run by Flyn Petersen Vice President and Jeff Crane President of CW7.
cw7 started another 100 founding executive leader (FEl) after the 250 FEL dropout. Jeff Crane and Flyn Petersen scammed a lot of affiliate members in Florida.
I hope the attorney general will look out carefully closely about this company dishonest practices. Lies and deceit are the main problems with this company making promises without no assurance.
Cyberwealth7 promise to all their members the mobile trust on 1March15, but Cyberwealth7 never launch it yet.
Cyberwealth7 is a big scam company. You pay more money on your 7 members and 1 sponsor for $225 a month and receive only $45 commission if you want to invest for yourself.
Cyberwealth7 double charge your credit twice and sometimes you don’t even get your commission. It’s a big scam of the century.
Do not believe in Cyberwealth7 to get rich quick scheme that Cyberwealth7 MLM scam sales pitch. It will leave you with an empty promises and reputation damage.
Jeff Crane will doped you with his cunning religious sales pitch and demeanor. Do not believe what Jeff Crane says. Just take your money and invest in mutual funds.
Jeff Crane is a big scammer!
I don’t understand how they can make any money. According to a friend who is a Distributor with CW7, they only had around 60 people at their Annual Sales Convention.
If they are only charging $75 to join and $25 per month thereafter (recruit 3 and they waive the $25 monthly fee). There isn’t much money for Petersen and Crane to share. You do the math!
My friend tells me that CW7 blaimes Strikeforce for not having the Cell Service!
I looked up Strikeforce (symbol SFOR) and it is trading for $00.0004 on the OTC. This is a high risk Stock. The company can barely keep the lights on!
If this technology is so great, why doesn’t Strikeforce have their own salesforce? Why are they stooping so low to market through a MLM? And, did they do a background check on Jeff Crane and his management Team?
Something doesn’t smell right!
It appears that the snake has struck again!
CWA has a Support & Training call three times a week. The host of the call is the company’s VP of Support & Training. His name is Charles Grooms.
On Monday, June 8, 2015 he announced that the company (CWA) has lost their Credit Card Processor. Thus, the company can not process payments for the key codes that Distributors and customers have ordered.
Additionally, no one is able to recruit new Distributors or sell key codes to retail customers.
The excuse given for losing their Credit Card Processor is that they had some Distributors ask for refunds.
Additionally, those distributors who had earned commissions have not been paid! This sounds just like the original post in this Thread!
The other odd thing about this company is that they have no fisical office. The marketing tools and support is a “SECRET”!
Yes, VP Charles Grooms tells those on his training calls that they need to use Facebook and request an invite to a Secret Page!
I don’t subscribe to Facebook so I can not tell you what the big secret is. All I can say is that the participants on these calls are very “Green”!
I have been around the block a few times and this company SMELLS BAD!
A friend recently told me that they have changed their name twice in the past few months. First it was Cyber Shield Alliance and now it is called Cyber Shield Associates.
Their website is a joke! The video’s are old and appear to been copied. In fact, one is so blury you can’t read the info. The other is 14 years old from NBC News.
They are now charging new Affiliates $300, $500 or $1,000 to join and $100 per month to stay active. I guess the SCAM is in full launch now!
As an earlier post stated, they do not have an office. When I googled the address on the website it is a mail drop in Las Vegas, Nevada. I guess California chased Jeff Crane and his followers out.
While researching this company / opportunity, I called the Home Office number that was shown on their site and it is a recording. The man’s voice gives you options to selct from, but the options go no where. I actually left a message and never heard from anyone.
Also, the man said that Cyber Shield Associates is a subcidiary of Global Systems, Inc. Couldn’t find that company anywhere, but did find Cyber Shield Associates as a Nevada Corp.
In regards to Strikeforce – SFOR, they recently did another Reverse Split. It appears no one is buying this software!
My question is: Is this new Jeff Crane company a new company to avoid paying commissions to those who were with the old one?
If so, I would bet we will see Jeff Crane start another one shortly!
I admit that I signed-up with Cyber Wealth. Shortly after signing up they changed their name to Cyber Shield Alliance. A few weeks later they changed it again to Cyber Shield Associates, Inc.
Under the newest company (Cyber Shield Associates – CSA) it costs $300, $500 or $1,000 to join. Because I was previously with CWA they allowed me to join for free ($300 level).
Although, President Crane wanted to draft my Credit Card for $100 per month (Autoship). The $100 is for their 14 day free trial offer give away.
If you listen to the company conference calls it sounds like no one is giving away the free trials. Personally, I have not given any away, because the service doesn’t work.
I stopped my autoship. The odd thing is that they are promoting a January 30th launch party in Houston, Texas and the software still doesn’t work! They stopped offering the Guarded ID software (for Pc and mac Computers).
I contacted the developer directly and can purchase the software for a fraction of the cost that Jeff Crane’s companies are selling it for!
When I spoke to the developer the man who answered the phone never heard of Cyber Shield Associates, Inc. I told him that they were a reseller of theirs and he said he still didn’t know who they were!
When I mentioned Jeff Crane’s name the man said he was with Cyber Wealth Alliance. Are you confused yet? I was!
It sounds like Jeff Crane and his staff are either very slick or very stupid! Or, do they think we are stupid?
More about Jeff Crane’s company: He has a gentleman who he refers to as Chief Technical Officer who is very difficult to follow and understand when he addresses Associates on conference calls.
He talks in circles! As an IT Professional, I can’t understand what he is trying to say!
Jeff Crane has a “Cash Flow Dream”! He’s charging people anywhere from $300-$1,000 as a sign up fee and another $100 per month per Associate without a reliable software to market.
According to my research, it appears Jeff Crane has been running this scam for three plus years!
Now, the company wants to start charging Associates for a website! They also have Business Cards and Brochures that you must buy. They are really expensive!
I would urge anyone who is thinking of joining up with these guys, STAY AWAY!! The Founder Jefff Crane has Zero proven experience running a company!
If you read one of the early posts on this thread, you too will come to the same conclusion.
Recently, I was approached by a good friend to look at Cyber Shield Associates. At first I thought this might be a good deal, but after researching, I must agree with others on this site that these guys are SCAMMERS!
I looked up several of the Officers of the company and was shocked to learn that the President/CEO Jeff Crane has a BAD track record in the Multi-level Marketing Industry.
Just read above for example. He also scammed many people in the “Gifting Game” which is illegal!
The EVP, Royce McCoy is almost as bad. Although, he might be worse, because he was caught previously SCAMMING people. See arrest report below: jail.com/arrest-records/royce-mccoy-jr-6138514
CSA is the same company as CWA (Cyber Wealth Alliance), and CFA. they just keep changing their name for some odd reason.
On January 30th they had their Official Launch Party in Houston, Texas. I did not attend, but was told that they had only 18 attendees.
The odd thing to me is that they had a Launch Party while the software they are promoting is still in Testing Phase. How can they take $1,000 as a sign-up fee and another $100 per month while they still don’t have a proven tested software?
I would recommend staying as far away from these guys as possible!
These guys owe me back commissions as well as many other Associates! A few days ago a fellow Associate took it upon herself to call the CFO of the company.
On their website csausainc.com they show all the Officer’s of the Company. So, my Business Associate found the phone number for Mr. Joe Craft, CFO.
Mr. Craft told the Associate that he wasn’t affiliated with the company at all! Furthermore, he said he never had a Csigned contract either.
I wonder how many of the other Officer’s are not really affiliated with the company? I think Jeff crane is trying real hard to demonstrate that he’s running a real company and not a scam like everyone on this thread says. Crane is a piece of work!
I was shocked when I visited the website in the above thread, regarding Royce McCoy. He sounds so nice on the webinars.
If anyone else knows anything about the other “Officer’s” listed, that would be interesting information for all of us.
Hopefully, CWA/CSA is on their last leg!
Well Joe Craft is listed on their website as CFO – csausainc.com/csaofficers.php
Why no mention he was the CFO of TelexFree? Surely being the CFO of the largest MLM Ponzi scheme to date would be Craft’s crowning professional achievement?
Anyway, if he didn’t sign a contract maybe he should look into why CSA think he’s their CFO… I’m sure that didn’t just happen on its own.
Last week I received a forwarded email from Jeff Crane, CEO/President of CSA via another Associate. The email stated that he was emailing all past and current Associates of CWA/CSA. I did not get the original, but fortunately, my fellow Associate forwarded Jeff’s email to me.
Jeff Crane is a liar! He states in his lengthy email that he lost his Credit Card Processor for CWA and that is why he started and/or changed the nameof the company to CSA. Well, my credit card is still being drafted each month and on the credit crard statement it says “CyberWealthAlliance”.
So, he didn’t geet a new processor for CSA! Otherwise, my statement would indicate such.
I have notified the company IT guy and told him to remove my credit card from the system. He didn’t argue with me at all.
I hope a State Attorney General is reading these Posts! This guy needs to be stopped!
Here HE goes again! Jeff Crane has a NEW Website usagroupsystems.com.
It is hard to tell exactly what he is marketing, but the Storage/Back-up company he is addressing on the site doesn’t know who this company USA Group Systems or Cyber Shield Associates or Cyber Wealth Alliance is.
Therefore, I would agree with the guy above and stay far away from this guy!
This Is Jeff Crane, Very Little of What I Read In This Thread Is True And The Few Things That Are True Are Either Accurate Or Have Had A One Sided Bias Spin Put On It That Needs To Be Clarified.
I Feel I Am Entitled to Speak out on My Own Defense, However I’m Not So Sure The Originator Of This Blog Will Publish My Side of The Story That I Have Shared (BELOW) Dating Back To March 23rd, 2013. Time Will Tell.
The Handful Of Contributors To This Blog Are Obviously Bias And Are Entitled To Their Opinions.
I Am Open To Address Any Specific Allegation With My Side Of The Story In Writing. With This Information You Can Now Intelligently Draw Your Conclusions. (Ozedit: Attempt to take discussion offsite removed)
Everyone Has An Opinion. There Are 3 Sides To Every Story. Yours, Mine And The Truth Can Be Found Somewhere In Between.
The CW7 Compensation Plan Was Fully Reviewed and Vetted for Legality & Compliance by Kevin Thompson, CWA-CW7’s Former MLM Attorney.
Below Is A Chronology Of Events Letter My Attorney Asked Me To Put Together That Shines A Very Clear Bright Light On The CW7 FACTS Since The Beginning, March 23, 2013.
All CW7 Affiliates That Remained Contactable Will Receive This Letter.
All CSA Affiliates Who Were CW7 Affiliates Will Receive This Letter.
It Is Time That Everyone Knows The Facts And All That Has Transpired.
CW7 Was NEVER PROFITABLE, Our CPA Can And Will Attest To That. We Paid Higher Commissions Than Most MLM Companies. CW7 Operated On A Nominal Margin Based on A Model That Anticipated Hyper Growth.
CW7’s Profitability Would Be Derived In Volume Sales Based On The $75 & $102 Getting Started Purchase Options.
We Paid As Much As We Could Pay To Drive The Success of CW7. Rewarding Those Who Were The Most Deserving Of Being Paid Well For Their Software Sales. (Our Affiliate Sales Force)
CW7 Never Experienced Anything Close To Rapid Exponential Growth Because We Were Dealing With So Many Incompatibility Issues With GuardedID Rite Out The Gate, You Know This, I Know This, Strikeforce Knows This, And Most of The CW7 Affiliates Know This.
It Wasn’t Until April, 2015 That GID 4.0 Was Released. 25 Months After We Launched In Europe.
To Make Things Worse, CW7 Had To Remove Malware/Spyware From Hundreds of Computers AT ZERO COST To The Affiliates And Customers In A Diligent Effort To Ensure A User Friendly Experience For The Greater Good Of CW7 & SFT.
THIS WAS ONE MASSIVE MOMENTUM KILLER, Unforeseen, Yet, A Gross Miscalculation When Planning.
Even With All The Malware Removal We Did, Visible Encryption Was A Recurring Problem Up To April, 2015. When SFT Released GID Version 4.0. There Were Fewer Visible Encryption
Occurrences, However It Continued To Occur From Time To Time. A Marked Improvement.
(We Finally Got A User Friendly Sellable Version Of GID, Better Late Than Never)
We Also Had To Deal With 2 Promised Release Dates For GID For MAC That Came And Went. This Also Attributed To Slowing The USA Launch Momentum And We Lost 2 Larger Teams Because of The GID MAC Continued Delayed Release.
CW7 Pay Out In Commissions & Expenses Was More Than What We Were Taking In Gross Sales. CW7 Paid ALL Commissions FLAWLESSLY (Everyone Got Paid Their Earnings On Time Every time As Promised) From March 23rd, 2013 When We Commenced Doing Business Through December, 2015.
After 2 Anticipated Mobile Trust Release Dates That Never Occurred, In July 2015, George Waller Co-Founder & Executive Vice President of Strike Force Technologies, Inc. Gave Me/CW7 Another Strong Confirmation He/SFT Would Be Releasing Mobile Trust On Or Before October, 2015.
(The 3rd Promised Release Date)
With This Information, CW7 Scheduled And Held A Mobile Trust Release Event In Ft Lauderdale Florida Based On The Commitment Made To Flynn Peterson & Myself By George. This Event Was In The Back Yard And Hosted By Our Biggest CW7 Sales Team.
SFT Ran Into Problems With Apple, The App Was Never Released And After 3 False Alarms, Hundreds Of Very Upset Affiliates Stopped Paying Their Monthly Key Code License Fee. Looking Back, THIS WAS THE BEGINNING OF THE END FOR CW7.
In November, 2014 We Started Seeing The Monthly Software License Payments Being Stopped And Discovered That A High Percentage of The Affiliates Who Were Stopping Their Payments Were Also Stopping The CC Payments On All Their Family & Friends That They Sponsored.
We Soon Discovered That Most Of These Stopped Payments Were Originated By Individuals Who Used Their Personal Credit Cards To Pay For Multiple Family Members And Friends To Join CW7 And Shortly Thereafter, We Discovered That Most of Those Positions/Key Code Packages Purchased, Were Ghost Positions, (No Real Person Involved).
This Is Called Bonus Buying And Is Prohibited In The CW7 Policy & Procedures That All CW7 Affiliates Must Electronically Agree To When Joining.
Most Were Buying 7 Business Center Key Code Packages, In Addition To Their Personal CW7 Business Center Key Code Package For The Purpose of Acquiring A Founders Position. Some Had Purchased Many More Than Just 7 Because They Were Greedy And Figured A Way To Exploit Our System.
They Simply Wanted More Shares In Our Founders Bonus Pool.
Founders Pool Defined
The Founders Pool Was Created As A Launch Acceleration Strategy. CW7 Promised To Set Aside 1% Of The Gross Global Affiliates Monthly Recurring Sales (On All $44 & $26 Key Code Packages Purchased For Personal Use).
CW7 Allocated A 250 Founders Position CAP On The Bonus Pool. When CW7 Acquired 10,000 Active $44 And Or $26 Monthly Key Code Package Subscription Software License Payments, The 1st 250 Founders Will Receive 1 Equal Share Of 1% Of The Gross Global Monthly License Renewal Fees Paid On Or Before The 7th Of Each Month For All Renewals Paid
The Prior Calendar Month. (We Never Acquired 10,000)
To Become A Founder, You Had To Join By Purchasing And Maintaining Either The $26 Or The $44 Monthly Software Key Code Package And Personally Sponsor 7 Additional People Who Also Purchased And Maintained The $26 Or $44 Package.
The Monthly Founders Bonus High Side of The Bonus Pool Formula Is As Follows:
10,000 Affiliate License Payments x $44 = $440,000 x 1% = $4,400 / 250 = $17.60 Per Founder
100,000 Affiliate License Payments x $44 = $4,400,000 x 1% = $44,000 / 250 = $176.00 Per Founder
1,000,000 Affiliate License Payments x $44 = $44,000,000 x 1% = $440,000 / 250 = $1,760.00 Per Founder
When CW7, I Learned of This (Bonus Buying), Flynn Peterson Our EVP & I Immediately Sought After And Commissioned A Company That Could Build A New Distribution Platform That Was Programmed To Disallow Any More Than 2 Transactions From A Single Credit Card In Any 30 Day Window And To Also Have A Much Stronger Security Built In Against Hackers As CW7 Moved Forward.
CW7 Was Told That It Would Take Approximately 4-6 Weeks To Complete. So I Signed A Contract For $40,000 Plus $1,000’s In Monthly Recurring Maintenance Fees, Made A $10,000 Initial Payment To Get The Project Started In November, 2014.
I/WE Again Took Immediate Action, Looked For And Found A Solution For A Problem To Ensure The Successful Continuation of CW7.
CW7 Had Already Scheduled Its 2nd CW7 Academy Live Regional Training Event In Orlando Florida For The 3rd Week In January, 2015 So We Decided To Also Make It A Re-Launch Event For The New CW7 Platform.
(Many More Bells & Whistles/ Accounting/Reports/New Comprehensive Down line Viewer, Etc.)
The Executive Team Promoted The New Platform For All The Improvements Rather Than Talk About The Primary Reason For Building It Was Due To All The Ghost Positions (Unethical Bonus Buying) Multiple Credit Card Purchases By 1 Card Holder.
We Expected 800-1,000 Attendees (Affiliates & Their Guests) For This Event Because The Biggest CW7 Team Was From Central And South Florida. We Purchased George Waller’s Plane Ticket Because He Agreed To Be A Key Speaker At The Event Representing SFT.
George Told Us He Would Be Announcing The Now 4th Release Date of Mobile Trust At The Event. (At This Point, We All Needed Some Great News)
CW7 Promoted This Event With Major Emphasis On The Big SFT MT Release Announcement. (George Was That Sure We Would Be Good To Go)
On The 1st Day Of The Event (Saturday) I Arrived To A Room With A Couple Hundred People In It.
I Called A Meeting With Florida’s 3 Diamond Executive Leaders, Felix Medina, The Main Leader, Richard Abrigo And John Abuan That Night In My Hotel Room Suite. (For The Record, JOHN ABUAN Was The Leader Who Single Handedly Initiated Over 1000 Chargebacks By He And His Group That Commenced Shortly After The Conclusion Of This 2 Day Event)
The 1st Issue I Addressed With These 3 Leaders Was, Why The Low Attendee Turnout. I Was Told That It Was Because The Prior 3 SFT/CW7 Promised Mobile Trust Release Dates Never Occurred And Many on Their Teams Were Angry about All he False Promises And Quit. Hence, Hundreds of Stopped Credit Card Payments November, December & January.
(Causing A Significant Loss Of Cash Flow)
The 2nd Issue. I Asked All 3, Why Did I Discover That Most Of Your Team Has Purchased 7 Or More CW7 Business Center Key Code Packages Using The Same Credit Card Number?
It Was In This Meeting That I Learned That The CW7 BUSINESS OPPORTUNITY Was Being Sold As An Investment (New Affiliates Were Being Pitched On Getting One of The Founders Pool Positions By Purchasing Their Key Code Package And Purchasing 7 Additional Business Center Packages By Adding Family And Friends Names (Most Were Not Real Persons) And They Were Able To Maneuver Around Our Registration Settings By Creating A Series Of Various E-Mail Addresses Because Our System Was Built To Disallow Using An Email Address Or Username More Than Once.
I Also Learned That John Abuan, By His Own Admission In Our Meeting, Had Purchased 29 Founders Position Shares of The 250 For His Personal Greed Driven Objective.
John Personally Purchased 232 Business Center Key Code Packages From Himself To Accomplish This.
When Asked, John Told Me/All Of Us At That Meeting That He Purchased Them So He Would Have Extras To Sell And He Said He Was Going To Fill In All These Business Centers With Real People Who Would Be Joining CW7 After The 250 Founder Positions Were Gone. (This Was His Strategy)
The Other 2 Leaders, Felix & Richard Had Used The Same Strategy But Each Only Had A Few Founders Positions Locked Up For Future Key Leaders Who Joined Their Teams.
We Came Up With A Plan That We ALL Agreed To: They Agreed To Fix This Mess By Sponsoring Real People Moving Forward To Fill All The Ghost Position. They Were To Collect The Money Directly By Check Or Cash To Repay Themselves For All The Initial Payments They Made With Their Credit Cards And Have The New Affiliates Put Their Credit cards In The System To Pay Their Monthly Key Code License Fee So They Would Have Real People Paying And Working Those Business Centers, Making Sales To Customers And Building Their Own CW7 Sales Teams And Generating Commission Earnings.
I Agreed To Discontinue Charging Their Monthly Key Code Fees For 60 Days So They Could Fix Their Mess.
Sadly This Is The Method That Was Used To Build This Largest CW7 Team of 1400+ Affiliates That Was Later Discovered To Be Less Than 100 Actual People Who Had Multiple Ghost, (No Real Person Positions).
More January, 2015 Regional Event Challenges:
George Waller Caught A Cold/Flu And The Day He Was Supposed To Fly From New Jersey/NY To Orlando To Speak And Announce The Official, “For Sure” 4th Release Date of Mobile Trust, He Called Me And Left A Voice Message That He Was Sick And Could Not Make It. He Did Not Get On The Plane Saturday.
After Receiving His Message And Learning He Was Not On The Plane And With What I Just Learned About The Florida Team Build Strategy, I Was Very Concerned And Flynn Suggested Asking George If He Could Do A Remote PowerPoint Presentation On Sunday For Our Attendees Via Join.me Presentation Using Audio Video Through The Hotels Projector And Speaker System.
George Was Supposed To Be Our Saving Grace With The Big Long Awaited MT Release Announcement That We Believed Could Have Stop The Bleeding (from Losing Many Affiliates And
The Cash Flow Generated By Them Each Month) And I Was Hopeful The BIG ANNOUNCEMENT Would Potentially Change The Decisions That So Many Affiliates Made To Quit Back In October
Because Of The 3rd Promised MT Release Date That Never Happened.
George Stepped Up And Agreed To Address Our Attendees Remotely From His Home. (I Have His Entire Presentation Recorded) George Did A Great Job Explaining The Reason The Third
And Now The Reason For The (4th) Delay Because Apple Changed Things On Their End.
I Believed George And His Team Believed The 3 Previous Release Dates Of The MT App Would Become A Reality, The Releases Did Not Occur And As Time Progressed More & More
Affiliates, Beginning On The 2nd Promised Release, Henceforth, Became Disenchanted And Went Away (Quit).
The 3rd Release Slated For October, 2014 Didn’t Happen, This Is When Large Numbers Of Affiliates And Their Ghost Positions Quit & Stopped Paying.
My Hopes Of My Being Able To Keep Moving Forward Continued To Be Disrupted By Many Things Beyond My/CW7’s Control.
I Had Already Started Making Excuses For SFT And Accepting Responsibility For All The Delays By Publically Stating That I Needed The Majority Of All The Programming Bugs To Get Fixed Before We Released MT Because We Did Not Want The Support Expense And The Customer Dissatisfaction Issues That Could Hurt Our Business.
I Kept Saying We Only Have One Chance To Do This Right And I Was Not Going To Release MT Until I Was Certain It Would Not Come Back To Hurt Us Later.
SFT Delivered The MT To CW7 For Release And I Sent It Back Because There Were To Many Bugs And Things That Need Improvement
This Strategy Worked For A While To Slow Down Other Affiliates From Quitting, But Sadly, Even With George Being Conservative In His Presentation In Orlando Telling All Attendees That SFT Was Nearing The End of Completing Their New Subscription Platform And That SFT Would Be Releasing MT To CW7 To Start Selling To The World In About 3-4 Weeks (Now Putting CW7’s Release Out To The 1st Week of March, 2015 For The MT Release), We Lost Many More Affiliates Coming Out Of This 3-4 Week Announcement, Those Who Were Hanging In There As Long As They Could Finally Lost Hope & Quit.
The 3-4 Weeks George Promised After The 4th Release Date Turned Into Another 8 Month Delay And Finally In October, 2015 We Were Able To Start Selling MT. We Released It In October, 2015 On The Assumption It Was Release Quality And Sadly There Were Significant Issues (Bugs) With Mobile Trust And It Took A Few More Months Well Into The 1st Quarter Of 2016 (February 17th) Before Our Chief Technology Officer, Gordon Rasmussen Told Our Executives We Now Have A Marketable Product.
Customers & Affiliate Customers Are Still Having Secure Key Board Issues With Is Not Always Being The Default Key Board A Significant Number of Times.
SFT Claims That The MT Software Is Compatible On 4.0 Android Operating Systems Or Later And CSA Discovered This Was Almost Never The Case And CSA Also Discovered That They Needed Version 5.1 Or Later For A Successful Installation And Configuration For The Majority Of The Installations.
Gordon Also Stated That We Are Having Similar Issues On The IOS Apple Platform. Gordon States That Prior To The MT Version 2.0 For Android Those Previous Versions, At Best, Was A Release Candidate Only.
When 2.0 Was Finally Released On February 17, 2016, It Still Needed More Improvements With The Secure Key Board And Greater Range Of Operating System Versions. We, CSA Have Done Hundreds Of Installations And Have Been A Testing Environment For MT Since October, 2015.
ONCE AGAIN 3 YEARS LATER, WE HAD PROBLEM SOFTWARE THAT IS KILLING OUR CSA MOMENTUM.
As We Gain Experience On Our Own Through Trial & Error Discovery. CSA Is Also Having Unresolved API Issues And We Are Still Waiting For The 2.0 Version For Apple IOS To Be Released.
Customer Upgrades Conversions From Our Free Trials Are Very Low Because of All The Unresolved Issues. Affiliate Customer Sales Have Also Be Severely Negatively Impacted By These Issues.
MT Is Still Not Working As Intended. We Also Discovered That We Were Able To Key Log The Android Version Of MT In SMS Texting Prior To Version 2.0.
History Repeating Itself AGAIN.
>December, 2014, The 1st Wave of Chargebacks Hit CW7 From The Large Fallout We Had In October, 2014 Because MT Was Not Released As Promised.
After The January, 2014 Orlando Event Release Announcement By George of Another 3 To 4 Weeks. (Once Again This Turned Into Another 8 Month Delay)
The Chargebacks Became Crippling In February, March, April… And In April We Lost Our CC Processor.
All Affiliates Were Repeatedly Told, As Was All Others, To NOT Transfer Funds In Or Out Of Your E-Wallets While We Were Investigating The Chargeback Fraud. We Were Not Sure Of Who All The Fraudsters Were And While We Were Investigating Things, No Transfers & No Withdraws Were Necessary To Stop The Bleeding. (Even Though We Stopped Their Ability To Withdraw Funds Until We Were Able To Identify All Who Were Involved, We Discovered Later On That They Still Had Access And Were Transferring From Their E-Wallets To Other E-Wallets And Continued Withdrawing Funds.
(Many of The Fraudsters Used One or More Of Their Multiple Bogus (No Real Person Involved) Business Centers They Purchased Key Codes From To Steal CW7 Commissions That Were Paid Each Time They Used Their Credit Cards For Their Initial Purchases And For Their Recurring Monthly Key Code Use License Fee) They All Systematically Charged Back ALL Their Credit Card Transactions, AFTER They Pulled Out ALL Of Their Commissions.
We Paid Out Approximately 50% In Commissions & Bonuses On All Their Key Code Package Gross Sales.
We Paid StrikeForce Technologies, Inc. For The Key Codes Each Month.
We Were Charged Back 100% Of ALL The Gross Credit Card Transaction From ALL The Fraudsters Chargebacks (FYI, CWA/CW7 Faithfully Paid StrikeForce For All Their Key Codes, Every Month) SFT & CWA Have The Confirmation Documentation
The Bank Automatically Charged Us A $45 Chargeback Fee (For Every Single Fraudulent Charge Back) That’s Another 103% To 173% Loss On Virtually Every Chargeback Because The Monthly Key Code License Fee Was $44 Or $26
So Each Fraudsters Multiple Chargebacks Caused CWA/CW7 A Hard Gross Loss of 210% On Their Initial Purchases and 268% or 338% Of Every Gross Recurring Monthly Credit Card Transaction!
Every $102 Initial Key Code Package Fraudster CC Payment Caused CWA/CW7 A Hard Financial Loss of $214.12 (210%)
Every Monthly $44 Fraudster CC Payment Caused CWA/CW7 A Hard Financial Loss of $117.92 (268%)
Every Monthly $26 Fraudster CC Payment Caused CWA/CW7 A Hard Financial Loss of $87.88 (338%)
And In Spite Of All The Massive Losses, I Continued To Fight To Save CW7 As Affiliates Were Sweeping Through CW7 Bad Mouthing And Recruiting Affiliates To Go With Them To Greener Pastures. (Other MLM Companies) Saying That We Will Never Get Processing, Among Other Things To Leverage Their Agendas.
All of CWA/CW7’s Money Was Gone (Swept From Our Accounts By The Merchant Processors) And Paid Out In Unearned Commission & Bonus Withdrawals Until We Could No Longer Pay.
We Had No Processing For Over 2 Months Because We Were Terminated And Placed On The Terminated Merchant List Because We Went From 17 Chargebacks In Our 1st 15 Months In
Business To Over 1000 Chargebacks The Following 6 Months. We Were Terminated Because We Crossed The Chargeback Threshold Of The Merchant Processing Bank.
We Lost Our Credit Card Processor Due To Excessive Chargebacks And Attempted 7 Times To Get A Domestic Processor, However, We Were Not Successful Because Of Being Placed In The Terminated Merchants List.
On The 8th Attempt Nearly 2 Months Later (With No Cash Flow) We Found An Offshore CC Processor In The Country Of Mauritius. When We Finally Got The Remaining Affiliates And
Customers, Who Were Not Proselytized Into Other MLM Businesses, (Our Loyal Followers) Transferred Over Into The New Processor Platform, 75% Of Our Business Was Gone
(About 45% of The 75% Was The Fraudsters Bogus Monthly License Renewal Subscriptions).
It Took Me Another Month To Get This Offshore Processor Set Up.
So The Remaining 25% Was Enough To Save CW7 (Cover Overhead, Pay Partial Past Earnings…), Until We Had Adequate Cash Flow To Make All Earnings Requests Without Limitation,
However, We Ran Into Another Unpassable Challenge, The Offshore Credit Card Processor Had Security Settings Set So High, Over 60% Of All Monthly Recurring Transactions Were Getting Declined.
After Working With The Off Shore Bank And The Middle Man Who Brokered The Processor For Us And our Programmers, We Got The Declines Down To About 50%. (1 in 2) This Process Took
About 30 Days Of Diligently Working On This Challenge.
Sadly, A 49% Approval Rate Was The Best They Could Do. (49% Of 25% Could Not Support Keeping The CW7 Doors Open)
At This Point, We Determined CW7 Could Not Continue To Stay In Business Without Having A Domestic Credit Card Processor. An Executive Decision Was made To Close CW7 Doors And
Go For A Fresh Start.
With The New Corporation, (Same Name, Different State Of Incorporation) Re-Branding… & New Fed Tax Id # In Place, We Were Able To Get A Domestic (US Bank) Processor In Just 3 Weeks And Shortly Thereafter We Started Re-Building Everything To Lead Sales With Mobile Trust When StrikeForce Announced To Us They Were Very Close
To Being Ready To Release MT To Us.
During This 6 Month Struggle To Save My/Our Company, I Personally Funded An Additional $110,000 Using High Interest Credit Cards To Continue Paying Commissions As Requested And To Carry The Company Operating Expenses When We Lost ALL Cash Flow For 3 Months And Then Had Very Limited Cash flow The Following 3 Months I Carried CW7 Until That Decision Had To Be Made To Close The Doors, Re-Build And Re-brand With New Fed Tax ID #, Corporation, Etc. (It Was The Only Way To Get A Domestic Processor)
SFT Continued To Get Paid, Uninterrupted Invoice Payments Every Month, And I Paid For Key codes For Many Months For Many Affiliates & Customers And Never Collected Payment. I Didn’t Want Anyone To Have A Lapse In Their Software Protection.
And Sadly, The MAJORITY of The 17 Chargebacks Were Because The Guarded ID Software StrikeForce Released To CWA/CW7 To Be Resold Had Many, Many Problems (Visual Encryption, Etc…) All of Which We Have Documented The 1st 2 Years We Were Selling The Technology.
It Wasn’t Until April 2015, Guarded ID 4.0 was Released. Many Of The Major Programming Challenges Had Been Fixed (25 Months After Our Launch In Europe, March 23rd 2013.)
However, There Were Other Lesser Problems (Bugs) That We/ Now CSA, Continued To Assist Strikeforce With Clearly Identifying The Problems To Be Fixed. Some Were Fixed Within Days, Some Took Weeks, Some Took Months And Again Some Took Over 2 Years To Fix, And Today There Are Still Bugs. Thankfully Nothing Major.
As A Visionary, I…/We/CWA/CW7 Chose To Deal With All The Undisclosed Issues (That Were Later Discovered, After Hundreds Of Thousands Of Dollars And Countless Man Hours Building The Platform To Take This Technology To The World), Including Major Guarded ID Incompatibility Issues Associated With The Malware/Spyware Infestation That was Present On Over 90% Of The Computers We Attempted To Install GID On.
I, In Good Faith, Chose To Eat The Cost of Removing Malware/Spyware From Hundreds of Our Customers And Affiliate Customers Computers (At An Added Cost of Tens Of Thousands of Dollars) To Make Sure That The User Experience Was As Good As It Could Possibly Be.
We Went Above And Beyond To Preserve The Integrity Of Our Name And The Integrity Of The Name Of Our Technology Partner StrikeForce Technologies, Inc. Many Times Accepting Responsibility For The SFT Technology.
CWA/CW7 Absorbed Every Blow/Complaint And Made Excuses Sacrificing The CWA/CW7 Brand That We Were Trying To Build To Uphold StrikeForce And Their Technology. We Were And Are Still In It For The Long Haul.
We Went Above & Beyond For Our Customers, Affiliate Customers And Our Technology Partner For The Greater Good At A Considerable Cost.
Affiliates Were Never Told When You Put Your Credit Card In The CSA System To Pay For Your Key Codes That Your Funds Would Be Released. Yet, A Few Dishonest Individuals Are Making This False Statement.
By Losing Our Processor And Sustaining Unimaginable Chargebacks That Were Debited From The CWA/CW7 Business Accounts Dailey, We Communicated To All Affiliates That CW7 Was Not Able To Pay Earnings And Were Working Diligently On Finding A Processor Solutions That Was Necessary To Continue Moving Forward To Keep The CW7 Doors Open And To Pay E-Wallet Commissions.
All CW7 Affiliates Were Communicated With Multiple Times On The Ask The President Friday Calls For 2 Months (8+ Calls) And On Various Team Leader Originated Calls We Communicated That ALL Outstanding E-Wallet Balances Would Be Paid By Me Personally, From My CSA Personal Earnings Upon The New CWA-CSA Business Acquiring 5000 Sales.
I Did Not Communicate My Pledge/Promise To Pay In Writing Because I Was Advised That The Circulation Of A Full Transparency Letter With My Promise To Pay All When It Was Possible To Do So Would Do More Damage Than Good. (Self-Serving Affiliates Using It To Help Them In Their Recruiting CW7 Affiliates Into Another MLM/Opportunity)
Once Again, This/My Promise To Pay Remains As Is And Will Be Honored.
Per My/CW7’’s Legal Advice, If I Paid 1 CWA/CW7 Outstanding E-Wallet Balance, A Precedent of Favoritism Would Be Established And It Would Open A Door That I Am Not Prepared For And Willing To Deal With Now.
IT IS VERY CLEAR NOW That Some Affiliates Have Conspired To Further Defame And Slander Me & My Character.
Most of You Know Who I Am, You Know My Heart, You Know My Desires To Help Others To Be Successful And You Know Of My Intentions To Pay What Is Owed.
I CANNOT MAKE GOOD ON MY PROMISE TO PAY, IF AFFILIATES CONTINUE TO CONSPIRE TO TAKE ME/CSA DOWN. IF CSA CANNOT CONTINUE TO DO BUSINESS, NOBODY WINS.
ALL of CW7 Cash Flow, Profits, Account Balances Were Depleted By Many Things:
-FREE Malware/Spyware Removal Costs Absorbed By CW7 Counting On Long Term Happy Affiliate
-Customers And Customers (Minimal Attrition),
-Lost Cash Flow From Hundreds Of Discontinued Subscriptions And Unimaginable Chargeback Losses.
-The New CW7 Platform That Should Have Taken 4-6 Weeks Took The Programmers 3 Months To Complete And Again More Affiliates Quit.
There Was No Money To Pay, CW7 Was In Survivor Mode Fighting To Keep The Doors Open.
6 Figures of Personal And Barrowed Money Was Pumped Into CW7 To Try To Save This Sinking Ship And The Decision To Start A New Company Was The Only Remaining Choice To Continue On With The Hundred Plus Remaining Loyal Followers Who Continued To Believe In Me.
I Am Only The President of CSA And Continuing To Fight Very Hard For What Many Have Told Me I Should Give Up On And Move Forward With My Life. I REFUSE TO BE DEFEATED, BY ANY PERSON (S) OR ENTITY!!!
I Invested ALL The Money I Had, Over $110,000 From Credit Cards/Advances And Over $100,000 of Additional Investors/Lenders Money To Save The Sinking CW7 Ship.
A Former Executive & 6 Affiliates Have Circumvented CWA-CSA Have Conspired/Embarked On A Smear Campaign To Slander And Defame My Character With StrikeForce Technologies To Gain A Direct Resellers Contract With Strikeforce.
There Are A Few Who Are Attempting To Permanently Disable My All Out 2nd Effort To Make CWA-CSA This Work.
I Am An Honorable Person And Businessman Who Will Make Good On His Promises, Provided I have The Wherewithal To Do So.
The 5000 CSA Sales Baseline For Repayment Was Calculated For Outstanding CW7 Payment To Be Made From My Personal Earnings.
NO ONE CAN/WILL GET PAID UNTIL I HAVE THE ABILITY TO PAY ALL OUTSTANDING CW7 DEBT SIMOLUTANEOUSLY. THIS CAN ONLY OCCUR AT 5000 CSA SALES. I HAVE DONE THE MATH.
Business Bankruptcy Is Not An Option Because I Believe In Paying What Is Owed
My Faith In My Lord And Savior, Jesus Christ, And My Commitment To Be Righteous To My Brothers & Sisters (Mankind) I PERSONALLY HAVE A DEEP DESIRE TO DO THE RIGHT THING To Make Sure Not One Person Gets Hurt Financially On My Watch.
The Collected Payments While Transitioning To A New Beginning With The CSA Platform Was To Keep As Many People Protected As Possible, Without Interruption And To Rebuild Under The Name Of CSA.
I HAVE MORE DOCUMENTATION TO SUBORDINATE/PROVE EVERYONE OF MY STATEMENT OF FACTS IN THIS LETTER AND THE UNFORTUNATE CHRONOLOGY OF EVENTS AND I’M READY, WILLING, ABLE AND PREPARED TO CONTINUE FIGHTING FOR WHAT I BELIEVE IN, TO THE END!
Doing The Right Thing To Get Everyone Paid Requires Me/CSA To Remain In Business To Do So.
Regards With Blessings,
Jeff Crane-President CSA, INC.
PS Shortly After This Letter Was Drafted, Strikeforce Technologies, Inc. Cancelled Our Reseller Agreement Because of My Aggressive Stance Toward Them Regarding Their Allowing Multiple Direct Circumvention Contracts.
I Have A Non-Circumvention Promise, In Writing, On Strikeforce Technologies, Inc. Letterhead Signed By Their Co-Founder And Executive Vice President, George Waller And I Also Have It From George, Verbally On Video From One of Our Regional Corporate Events.
We Had 2 Options At This Time, Close CSA Or To Continue Moving Forward.
Once Again, We Chose To Continue Moving Forward With A New, High Demand, Lead Software Product (CLOUD) A Anti-Logger Software Technology And A New Improved Compensation Plan.
I See You Have Decided To Not Post My Response To All The False Allegations. I Expected No Less.
I Will Have My Day Of Reconciliation.
DEMAND! Remove This From The Internet Or You Will Be Held Liable.
Jeff Crane-President CWA-CSA
Settle down porkchop. I have been dealing with health issues this past week. When I woke up this morning and saw your wall of text I knew I’d have to spend some time formatting it so I left it in moderation.
Then it was off to the dentist but I’m back now.
Otherwise the honesty is appreciated Jeff, but ultimately CyberWealth7 was just another recruitment-driven opportunity. That’s reflected in the type of affiliates it attracted and their attempts to maximize commissions via internal recruitment.
When you make recruitment + monthly fees profitable, and don’t even have a workable product to retail, what do you think is going to happen?
Whether you went into this eyes open or not I can’t say, but either way it seems you’ve learnt a very costly lesson about MLM compensation plans.
So, in essence, what you’re saying is you launched a product which was a) not fit for purpose, b) not as described and c) before it was market ready, attached it to a compensation plan which was a) open to abuse and b) illegal and now you’re complaining members have exercised their consumer rights by demanding chargebacks
Gotcha
Seems you’re the one who made it available in the first place… Care to sue yourself or one of your minions, perhaps?
You’re in the US, bucko. There’s no “right to be forgotten” here. Be nice, ask nicely, maybe Oz will do a review 2.0. But if you prefer to threaten… You’ll just engage Streisand effect.
I can not believe that this Jeff Crane guy had the “Balls” to post his lengthy lie!
Unfortunately, I was sucked into this scam, but fortunately I never recruited anyone. I was waiting to see if the technology would work.
Mr. Crane, you have a lot to be worried about:
1. You were running a Ponzi.
2. The SEC (Security Exchange Commission) should be investigating you for the sale of Securities withour authorization.
3. The IRS would love to know that you sent out FALSE 1099’s to your Associates/Affilliates.
4. You barrowed money from Affilliates and have not made good on those loans. The Affilliates should all take you to Small Claims Court.
5. Comp Plan was illegal.
6. In your lengthy statement, you claimed that you got a new Processor and that is why you changed the company name. Then why was our Membership Fee still being processed by CyberWealthAlliance? I just caught you in another lie!
7. You failed to pay commissions to your salesforce.
Please let us know what JAIL to forward your mail too!
I had a look at the finances of StrikeForce, the company that makes the product that Jeff so ineptly attempts to flog.
As of March 31, 2016, SFOR had quarterly revenues of $82K, and expenses of $714K. That’s pretty bad.
SFOR has $2.2M of assets, mostly $2.1M of cash originating from a lawsuit settlement. and $9.846M of liabilities, including $4.546M of convertible debt. That’s very bad.
SFOR share price is currently about $0.001, with 2,282,957,407. That’s a tragedy for common shareholders, because the company underwent 3 Reverse Splits within 2 years:
In March 2014, the Company effected a 1:1,500 reverse stock split.
In January 2015, the Company effected a 1:650 reverse stock split .
In July 2015, the Company effected a 1:1,000 reverse stock split.
Also, the company has recently increased the salary of 3 of its employees to $150,000…
According to the financials, the lawsuit against PhoneFactor, Inc generated $9,750,000 minus $4,187,257 of legal expenses.
StrikeForce has signed an Agreement with CyberSafety to sell them some IP related to GuardedID™ and MobileTrust™, but the $9,000,000 Promissory Note has not been received yet.
OZ, I Appreciate The Demeanor Of Your Response. I Will Pray For Your Good Health.
As The CEO, I Accept Full Responsibility.
It Certainly Was An Emotionally Hurtful Experience Because Of The Effect It Had On Those Who Followed My Lead, Our Affiliates And It Was Crushing Financially.
Our MLM Attorney (Kevin Thompson) Gave Us The Green Light On Our Comp Plan And We Launched With It.
As For The StrikeForce Guarded ID Software That We Launched With. They Represented They Had Over 6 Million Corporate Level Customers Using It.
When I Was Negotiating Our Re-seller Agreement, I Asked Them Why They Only Went After Corporate/Bundled Accounts. I Was Told They Had Their Best Resources Aligned To Go After Big (Enterprise Level) Accounts.
Sadly, After A Considerable Start Up Investment: Building Our Platform, Preparing, Etc… For Launch And Launching, We Discovered The Real Reason SFT Did Not Go After The Consumer Market Is Because 9 in 10 Personal Computers Had Malware/Gross Malware Infestation And It Caused A Visual Encryption Problem To Appear On Their Screen That Was No User Friendly For Our Users.
We Were Already Financially Deep Into This Project So After Discovering The Solution: We Had Our Support Techs Do A Remote Access To All The Affected Computers (Most Computers Were Affected) It Was A Good Solution And I Chose To Clean The Malware/Spyware From Hundreds Of Computers At CWA’s Expense.
We Also Had Nearly 1 Non Affiliate Retail Customer (.91) For Every Affiliate In Our System. By Industry Standards We Felt Very Good About This Ratio And Late Into Our Venture When We Started Marketing As Cyber Shield Associates, I Had A Goal To Get The Retail Customer To Affiliate Ratio Up To (3 Customers To 1 Affiliate).
So When Did Our Soft Pre-Launch Of CSA In Houston Early This Year To Aggressively Test Our New Free Trial Concept, We Started Offering Our Affiliates The Option To Purchase The Free 30 Day Software Trial Key Codes To Expose And Promote Their Business.
A Person Could Not Join Our Sales Team Without First Registering For A Free Trial.
We Had To Work Through Our Challenges And Press Forward.
Jeffrey Crane is a liar and scum of the earth. Jeffrey Crane scammed mostly retired elderly women here in Florida thousands of money.
One elderly widow woman who invested $20,000 out of her grandson life insurance to pay off her active monthly membership and promise her a great residual return.. The product don’t work!
The ex-members in Florida are very unhappy what Jeffrey Crane has done by ruining them financially. This guy is running another PONZI scam! When this gonna stop!
What’s with the bizarro capitalization ?
What’s with the bizarro technobabble explanation is a better question.
That’s technobabble. A real security package has self-check algorithms that knows when it’s been interfered with. It’s basic anti-malware 101.
If these guys can’t even do that successfully, their corporate users are a LIE, and so is this “9 out of 10 PCs are infected” myth. And that speaks VOLUMES for CW7’s due diligence.
MLM Friends, I stumbled across Jeff Crane’s latest scam on the internet. youtube.com/watch?v=3sC-u-YgwEo
Don’t know the other guy Crane refers to in this video, but maybe some of you guys may know who he is.