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.
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.
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
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
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.
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.
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?
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.