Quantum Club: David Wood to launch AI trading grift in 2024
Notorious MLM industry figure David Wood has emerged with a new MLM AI trading grift.
Quantum Club is currently in prelaunch. The newly announced MLM company appears to combine securities fraud, commodities fraud and pyramid recruitment.
Quantum Club is operating from the website domain “quantumclub.ai”, privately registered on December 12th, 2023.
Presently Quantum Club’s public-facing website discloses nothing about the company or its owners. Visitors can only sign up as an affiliate or log in.
Quantum Club is supposedly headed up by three co-founders, one of which is David Wood.
Wood is known to BehindMLM as the co-founder of the Empower Network gifting scheme.
Empower Network began to collapse in 2014 but it wasn’t until 2017 that the company fully imploded. Later in 2017 Wood claimed the last few years of Empower Network were “fake and bullshit“.
One of the more disturbing aspects of Empower Network’s collapse was Wood’s substance abuse. This led to bizarre footage of Wood claiming he could cure diseases and control plants.
Wood would later introduce himself as god incarnate (“King David”), and even claimed he’d be the next President of the US (circa 2018 IIRC).
As the Empower Network money dried up Wood would return with various money making schemes. There was even talk of rebooting Empower Network at one point.
Thankfully, at least on the surface, Wood seems to have recovered. I didn’t see any of the post-Empower Network craziness in Quantum Club’s marketing material.
As to the other Quantum Club co-founders, for unknown reasons who they are isn’t being disclosed.
One potential club is in Quantum Club’s website Terms of Use. Here we find a reference to Simple2Advertise LLC.
Simple2Advertise appears to be a New Jersey company owned by Vincent Webb.
Webb uses Simple2Advertise to sell marketing funnels. On December 23rd, Webb boasted a “new system” had gone viral:
That’s a screenshot from the Quantum Club backoffice.
Moving on to Quantum Club’s business model; Quantum Club is currently in recruitment mode. There is no retail, making it a pyramid scheme from the get go.
On social media Quantum Club affiliates are claiming the company will market an “AI software trading tool for investors”.
In a marketing video in the Quantum Club backoffice, here’s how Wood pitched Quantum Club’s product;
So we have a product, Quantum Club okay? … that without any affiliate opportunity at all, this product already, this is selling five million dollars a month of this product.
That’s without any affiliate opportunity. We’ve already got sales. We’ve already got processes in place.
I’m gonna tell you what the best business opportunity in the world is, and you’re never gonna guess what I’m gonna say; and that is just “investing”.
Now I’m not gonna get into the exact details of what we’re doing in this (???).
The power that investing has it that investing give you the ability to make money from any market. If the market’s going up you can make money. If the market’s going down you can make money. If the market’s going sideways you can make money.
And this year in particular, there has been some radical advancements in technology. In particular artificial intelligence technology.
We’ve got our clients earning returns that are just insane.
AI and promises of “insane returns”. Yeah, sounds like another AI trading bot grift to me.
The elephant in the room is if, as Wood claims, this AI trading bot is already generating $5 million in sales a month, why does Quantum Club need to exist.
Ditto the “insane returns”. Why aren’t Wood and the cofounders just pumping their own money into the bot and making “insane returns”?
On the regulatory front an MLM company pitching “insane returns” through automated trading constitutes a securities offering.
This requires Quantum Club and its founders to be registered with the SEC. Depending on what’s being traded, registration with the CFTC could also be required.
A search of the SEC’s Edgar database reveals neither Quantum Club or David Wood are registered with the SEC.
Wood could argue that he’s living in Costa Rica (which has their own financial regulator), but a number of Quantum Club’s current top recruiters are US nationals and/or residents.
In any event any MLM company pitching a passive returns investment scheme to US residents, regardless of where they are operating from, needs to be registered with the SEC.
This is basic MLM securities law 101.
In a nutshell, Quantum Club is shaping up to be a pyramid scheme. If recruitment doesn’t collapse before it gains traction, Quantum Club could still wind up in the crosshairs of financial regulators in the US.
As I understand it Quantum Club is scheduled to launch in January 2024. Pending full compensation and trading bot details being made public, a full Quantum Club BehindMLM is pending.
Nipped this shit in the ass less than 72 hours after launch! Fuck yeah!
Hi Oz,
This article mixes up what we are doing quite a lot. We are not, nor will we be promising passive investment returns. We also won’t be taking customers money or investing it for them.
We are going to be selling software with a good historical performance where investors control their own funds with a proven product that performs and sells without an opportunity attached to it.
Our website does not have any information about this because this is a prelaunch funnel designed to gather affiliates (free to join) without any compensation for recruiting (not a pyramid) where products are the sole source of earning commissions, and our products are not yet for sale.
There is nothing in any kind of law related to network marketing or from the SEC that prevents me in any way from doing any of that. If I become aware of a law I am not currently aware of, adjustments will immediately be made to ensure compliance. If I was charging a fee to join, and then paying people on the join fee, you could call it a pyramid.
Quantum Club cannot be classified as a Pyramid scheme as there is no commissions for recruiting, nor is there any cost requirement to participate in any aspect of the affiliate program. The product is selling without any affiliates and I was asked to create an affiliate side to it.
When we actually come out with our Big Reveal, it is an appropriate time to actually review what we are doing. The aim for that, as I have said, is the end of January and if there is a need to push that date back to ensure quality of systems and compliance the date will be pushed back.
There is not any customer or any affiliate investing any money into the Quantum Club with the promise of any kind of return. In the video, which is for members only, I mention that investing is the best kind of opportunity because it has the ability to perform in any kind of environment, I was not promising returns or telling people to give me their money, or that I would somehow multiply it for them like the Crypto ponzi’s I mentioned in the post that you quoted (which I still stand behind).
You cannot call us a Ponzi, as we are not taking investor money and there is no mechanism whatsoever where funds from a later investor will be paying previous investors, as investor funds will be controlled in their own third party brokerages, the software vendor itself also being third party and used inside of client brokerages.
The software company, not us will be presenting the product as we are an affiliate arm generating leads.
We are also not guaranteeing returns. People will be investing their own money with software that they are purchasing which is already proven.
That software is selling by itself and I have not mentioned the owners because I do not want them in an MLM article as they are running a product company, not an MLM and I knew you would write something like this, as you always do.
You are good at centering yourself in the movement around Network Marketing and generally a good, dramatic writer, but you sometimes jump to conclusions that stretch accuracy with a strong tendency towards a negative slant no matter what you are reviewing, which is understandable.
With the times I have emailed you, you could have sent me an email asking me what we are doing and produced a more accurate review. Right now, there is not much to review.
We have a prelaunch funnel (no commissions being paid for recruiting. People will not be earning money from anything but products being sold) where people are building momentum towards an official big reveal, anticipating that the big reveal will create a great opportunity.
At that point, you can evaluate what we are doing accurately. For now, we are just gathering people.
As for the comments about what happened with me years ago, it has nothing to do with what I am doing right now and that story is skewed and inaccurate as I suffered extreme trauma which has taken me years of work and therapy to get through and is now over.
That being said, it is the past and has nothing to do with Quantum Club. I have many regrets about things I said while under extreme stress and pain but what is done is done. To anyone who was hurt in any way by that I apologize. I have done my best to rectify it.
I also regret saying Empower Network was in any way a scam as I poured my heart and soul into it with the best of intentions for years with the hard work from a lot of people who believed in what we were doing, and I believe that we had a positive effect on many people’s lives, although there are many things that if I were to do it again, I would do differently.
This is a sincere intent by me to build a solid, compliant company that is delivering real value to the end customers, maintaining compliance with all related government institutions and I will do my best to deliver on that.
I probably will not continue replying to the thread as I have a lot of work to do and will not answer an unlimited amount of questions as that will happen on our big reveal near the end of January. I sincerely hope you are well, and blessings to you and your family.
And what is the only reason someone would purchase access to this software? Passive returns.
Doesn’t matter how you set it up; if people are able to invest funds on the promise of a passive return, derived through the efforts of others, as per the Howey Test it’s an investment contract.
Doesn’t matter where or how the funds are invested. It can be directly into Quantum Club, a third-party broker account, a crypto wallet etc. The point is the funds are invested somewhere/somehow (a deposit), put under control of a bot (a third-party), which generates a passive return (the efforts of others).
Whether you personally do it or a bot does it, the representation of passive returns is there. That’s a securities offering.
Putting aside the SEC’s date errors, you’ll probably want to take a look at the recent Debt Box and iX Global case.
So you know you and these bot owners who are too dodgy to name are violating US law. But you did it anyway. Great.
The only thing I would have asked for is bot details to confirm securities/commodities fraud, and compensation plan details. Neither of which you would have given.
Your background is as accurate as was publicly documented by myself over the years. Some parts were left out or only briefly touched on, i.e. your ex-wife and kids, as although they were central to a lot of what happened I didn’t think it was appropriate or within the scope of BehindMLM’s reporting.
Glad to hear you’ve recovered.
The only thing I will say is that I’ll run what you’ve brought up to attorneys who are knowledgable in the laws in the process of building out the company and the offer and make sure it is done in a compliant way. If there are any misunderstandings I have made I will correct them along the way.
For now, my understanding of this:
Selling investment software is not illegal and the Howey Test has four requirements, not two. We are also not promising passive returns, we are showing historical returns and disclosing them. Missing from the Howey Test in this specific incident would be common enterprise, or:
That does not apply to us. Again though, I do not want to argue with you. I will simply go make sure we are doing it right and that the elements of the project are researched and presented properly. The investment software will not involve in any way the pooling of anyone’s funds.
To be clear about any partners, I am not bringing them up because it is not time to do it, and I don’t want them brought into this specific kind of forum when we are in a phase that is only gathering affiliates, but they are men of good character.
We are keeping a lot private until we come out publicly. The main reason for that is the amount of time it takes to craft a well controlled and delivered system and message.
I wish you the best.
I do think that you do a lot of good research. I am always impressed at how fast you become aware of things. With the stuff from the past, I will leave it there and again, wish you the best.
If you have any documentation you wish to send me about any related securities law to review and discuss, you are welcome to email me at the address in the comment thread.
Be blessed.
Strawman.
What’s being sold is an MLM opportunity, through which passive returns are derived through a marketed trading bot of unknown origin.
That’s a securities offering as per the Howey Test. If forex and/or commodities trading is involved then registration with the CFTC is also required as per the Commodities Act.
Invested funds are pooled under control of a bot, which is centrally owned and operated by persons unknown. How the funds are stored is irrelevant.
There are no passive returns for affiliates for client gains on investing through software controlled by the client. We are not charging a percentage of gains.
The argument is not strawman. They Howey Test is missing the pooling of funds in this specific example and it is not a security to sell investment software that the customer controls themselves. That argument would not stand up in any kind of official forum.
If that was true, any investment software could be classified as a security even though it is controlled by clients in different brokerages. That is simply not true and software is not classified as a security.
Companies like Daisy using third party software to pool funds would be a security under that test, which I would not argue with. What we’re doing would not.
We are not going to be gathering investment gains and paying them out in a team, so your statement is simply not an accurate interpretation of the Howey Test in this specific environment.
What is the reason people would buy access to the trading bot? You’ve already answered this in your Quantum Club marketing video; “insane returns”.
Whether affiliates earn a cut of returns generated through the bot is irrelevant to Quantum Club’s MLM offering as a whole being a securities offering.
If you’re selling passive returns of any kind then at a minimum your offering securities and need to be registered. Period.
As stated, funds are pooled under control of a centrally owned and operated bot. Investors don’t own the bot, they are sold a license.
The bot then generates passive returns for investors (i.e. returns are generated via the work of others).
I suggest you read up on the SEC’s recent Debt Box and iX Global case.
Colloquially, what you’re going to launch is known on BehindMLM as the “lulz can’t touch our money!” model. I’ve been covering MLM companies using the model for years and it is very much a securities offering.
Oz,
That is actually not how our software works, but I am going to stop talking about it, as I am going to save what we are doing for our big reveal.
Probably you make a lot of MLM people frustrated with these kinds of posts. I have actually enjoyed the conversation but I am going to stop saying anything new or additional about what we are doing, and people can wait for our Big Reveal.
You are a good journalist, and I cannot keep talking with you about this without continuing to reveal things that I want to wait to reveal until we officially come out with it. So I will call it a night and as always, your rhetoric is quite good and your speed is impressive.
Again, I do wish you the best, and more than likely I will be caught into many more discussions with you in the future. I hope that I learn from the experience and it will make me better.
-Dave
Hiding information from consumers isn’t a good start for any MLM company but you do you.
He just did a little livestream with his cult to try and discredit you… lol… I’m gonna start making videos on this fool soon… but for now this one is just for you and your audience!
youtu.be/tU1Ct7dYr7w
Wood’s fixation on “we’re not a Ponzi scheme” is interesting. I didn’t mention “Ponzi scheme” in this article.
Anyway…
1. There is it. Quantum Club will be using the “lulz can’t touch our money!” model. This is a securities offering that needs to be registered with financial regulators.
2. Whether undisclosed brokers are registered with the SEC or not is irrelevant. The MLM company offering the security is Quantum Club – Quantum Club itself needs to be registered with financial regulators (iX Global –> Debt Box relationship).
3. “Lulz can’t touch our money!” schemes always end in widespread losses. Typically the bot blows up and/or rigged trades are executed to deplete trading funds.
4. On Quantum Club operating as a pyramid scheme; if the majority of people paying for a trading bot license through Quantum Club are also affiliates, that’s a pyramid scheme.
Will the majority of trading bot license holders be affiliates? Wood states the bot will sell for “five figures” – that’s $10,000 at a minimum.
I think the more pertinent question is, without audited financial reports filed with the SEC proving the bot’s claimed track record, will anyone be buying a Quantum Club bot license?
Well, the great financial advisors Ari Maccabi and Darren Little are in this. What possibly could go wrong?
You know that they never invest in any Ponzi because Ari toldl us so. He does his due diligence and knows what is and isn’t a Ponzi. Just ask him.
What is really interesting is that it is going to take 5-figures to get in this program; and that is just for starters. There was more, but I could only take so much of this BS being tossed to those attending. My gag meter was reached and had to bail.
Maybe after I recover I will go back and listen to the rest of this great opportunity presentation. Maybe when I need a good laugh.
Well, comes down to the standard question…
If the bot is this amazing money making mechanism and everyone will make their fortune, then why does someone need to sell it to you, after all they should have made their fortune with it already….
Still, must be some logic in a potential ‘infinite billionaire’ peddling some software in YouTube videos….
I wonder if David Wood is a Costa Rican national. If so, Costa Rica might not release him to the United States if (when!) he breaks SEC laws.
That being said, all we know so far is the “product” will be over $10,000 and it’s dealing with trading bots. LOL. This is the same guy who got rich because of Empower Network and totally lost his marbles in all areas of his life.
He’s dead broke right now, so he’s sober. But in 6 months when the fast money comes in, we’ll see Big Ego Dave come back to the camera the way we did during EN. LOL. Yeah, send me the link!
Multiple legit trading platforms integrated with legit brokerages support automated custom algorithms.
Quantum Club states the brokerage and trading platform are third party products. Quantum Club probably supplies the ‘AI’ algorithm that achieves ‘insane returns’.
A proprietary algorithm supplied by a notorious MLM industry figure could do a lot of financial mischief without being a Ponzi or MLM scheme.
As others have stated in this thread, why the F*CK would you offer this “product” through an MLM structure if it was so flawless and you could make billions just by investing with it yourself????????? NO LOGIC!
THIS IS A SCAM – NO DOUBT….. especially when you see the amount of ponzi pimps promoting this crap!
What could possibly go wrong when 3 of the most self centered, thin skinned slimeballs – Ari Maccabi, Darren Little & David Wood – combine? Combined integrity is single figures out of 100!
Epic discussion here. I have two words for you guys, Track Record. David Wood is not to be trusted.
It would be nice to have a list of which trading bots have lasted long-term (years) without any of the “Leave The Victims Holding The Bag When The Shit Hits The Fan” blatant screw ups.
Several MLM trading bot start-ups have collapsed as quickly as they started to avoid government regulation scrutiny.
What makes QC any different than all of the other trading bot MLM’s which have already bit the dust?
Sure thing, here:
It seems like you forgot to enter the winners… oh wait… lol! The morons that invest in this crap won’t get the joke! Got to explain it for them!
You think there is any benefit of making YouTube video talking these people down? Or am I just wasting my time?
I have no idea when it comes to YT. Not my area tbh.
Waste of time Richard No Pants. I’ve been making them for a year.
Lots of appreciative people who aren’t Ponzi players. But, I’m getting death threats and threats of lawsuits all the time and the Ponzi players will never admit they got scammed. They just jump into the next scam and keep getting rekt.
Have they ever ACTUALLY sued you? Seems ike a courtroom would not be a safe pace for them…. nor being open for discovery!
LOL. I wasn’t expecting any successful bots to be listed, Oz ’cause they just don’t last. It’s only a matter of time before the SEC and other agencies start knocking on doors.
I’ve had a lawsuit filed against me but have never been served papers. Would be fun to dispose them in court even though the lawyer fees can get expensive quickly.
The top recruiter list reads like the “Who’s who” of scammers of the last 2 decades. Arrest the lot of them and throw away the key, forever.
Why anyone would trust David Wood is beyond me. This leopard doesn’t change his spots.
The Bot Price will be 14 K.. so unless you have 14K and are planning to buy it, all you’re doing by promoting this is giving Dave wood Your valuable customer / contact data..
How many times are people going to fall for this BS.
Great point, Phil Form. No matter what, David Wood gets the data. It will definitely get resold.
I used an email address for EN that was never used anywhere else … and still get offers to that email address. That list was definitely sold. And re-sold. This list will be sold, too.
So many people involved make, “The Truth About X Investment” videos promoting these things on YouTube that your video where you legitimately point out the flaws gets lost in the shuffle.
Plus people would rather get nasty with you than admit they were tricked.
David Wood and Richard Smith should combine Quantum and TranzactCard, and create the perfect storm. LOL.
Actually, Richard Smith is thrilled that the spotlight is now on David Wood. For now anyway. Birds of a feather destined to share a jail cell one day?
Apparently David doesn’t fully embrace the notion that most people in the US are financially illiterate and that those make money in ponzis are stealing money from dumb people.
Hmm, David’s video was taken down. Now it shows:
But don’t despair for he has a new one up on FB:
facebook.com/watch/?ref=search&v=342576211898271&external_log_id=1f368676-5b5a-4d5a-9f79-50b534ced125&q=quantum%20ckub%20live%20with%20david%20wood
Let’s just say he does his best to avoid his true background, but never mind just listen to what he says and does and you’ll be just fine (cough, cough).
WARNING: It is 17 minutes of pure BS and hype. Memo to David: You are trying too hard. You sound desperate.
You must have a high ticket item in order to make real money, high ticket meaning over $10,000 per product. His BS knows no end.
I could only stomach 3 minutes of David’s video!
He’s still got a “I’m God” complex, whilst the real David Wood is a nasty pos – a right wolf in sheep’s clothing, closer to being a living devil!!
This response it littered with ponzi buzzwords. Once you spot those words, gigantic red flag screaming ponzi-scam, yells right back at you..
Once aponzi scam promoter , always a ponzi scam promoter , unless proven otherwise. We will wait for the collapse , like all of the others.
You people always make as if none of the previous scams have ever happened.
Jusat in case the newbies dont know here is an article published by Behnd MLM in 2017 regarding an previous scheme in which you were involved – EMPOWER NETWORK.
History tends to repeat itself in the shady world of MLM.
https://behindmlm.com/companies/empower-network/david-wood-acknowledges-empower-network-was-fake-and-bullshit/
PRELAUNCH. As this is in Prelaunch can we ger it STOPPED.
Wood is a SCAMMER as History shows.
Social Media posts, people are saying it is a minimum $7k investment. Or higher $10-$15K). So there is your ‘high ticket’ affiliate product.
Wonder what the price is for the non affiliate product already being sold. One site said $17. How many people are going to shell out that kind of $$?
According to rumours David Wood plans to partner with Erick Salgado (formerly Builderall) and his Quanticocap (financial trading indicators sold for $200/mth to retail traders/investors).
Ah, you’re the guy who emailed me being all cryptic. Nobody got time for that son.
$200 is a far cry from “five figures” if that information is accurate.
I bet he will be arrested by US athorities and like Sam Bankman Fried , he will receive a minimum 30 year prison sentence.
Clyde,
I bet nothing will happen to him like this. Chances are he learned from the Empower days to protect his a$$ legally, and building an army of bizopp affiliates is likely way less risky than being the vendor of a dodgy financial trading system.
Just my 2 cents.
What kind of script is being run on the optin page? My anti virus program complains, my laptop and my browser freeze up.
Is the site trying to install some kind of virus? I hate when the page comes up.
The only way you get this stopped before it launches is for people not to sign up. Sadly there are too many people who will fall for his BS just like they did for Empower.
So much for the claim it will be a 5-figure investment to join. He is still as full of it as he was in Empower.
I think he has changed his promo video at least 4 times since his first one he released. Can’t stomach to listen to him for more than a minute, 2 tops.
Usually when you get those type of notices it means the webpage does not have a security certificate, thus making it unstable and dangerous to access. It could also means your operating system might be outdated and the website is on a newer operating version and not compatable.
You could also try cleaning your cache and cookies to see if that fixes the problem. Better yet, just forfeet it and don’t waste your money unless you want to lose it all.
SCAM – 100%
So there’s a Quantum Club launch event down in Costa Rica over Jan 29th, to Feb 2nd.
Here’s one of the questions on the sign up form:
Get in quick, only ten spots available.
Any updates on the product yet?
No updates on my end.
DAVID WOOD IS BACK! ANOTHER $200M+ COMPANY W/O D SHARPE THIS TIME!!
Can we all look at the list above and note CLAY MONTGOMERY 2nd top. The same clay that promised double your money through and ARP bonus scheme for AAC affiliate marketing. Mans a fraud and will be judged in due course.
“glitched launch” apparently that never got resolved and a waste of skin front man kevin souza who hand picks comments in the facebook group and silences the real questions to make a facebook group look all positive. I wouldn’t piss on him if he was on fire.
AAC has went very quiet and Clay states you buy advertising credits and the ARP is bonus of the set up. Bullshit as the promo vids all it ever talked about was ARP, doubling money and an old lady that could turn 20 dollars of her hard earned cash over and over and over again.
This naturally attracted investors and not marketers! Karma is a c*nt and its coming for you. Avoid the man like the plague! hes probably hanging out the back of david wood
There you have it: ibb.co/fr1kkrw
Multiple payment plans available, leading to the final price of $14,997.
The product?
“Quantum Hulk Smash” trading algorithm (lol) that’s based on standard MACD (Moving average convergence/divergence) and RSI (relative strength index) technical indicators. (rofl)
Where does “ai” come into the picture?
I don’t know. It probably doesn’t at all.
I’m 100% sure about only one thing:
David (No-Morning-) Wood is full of sh*t.
My guess is they are going to claim the algorithms are AI based.
It is going to be fun to see how many gullible shell out $14,997 for this worthless smoke and mirror garbage.
Onoe thing for sure is they will lie about how many join.
Soooo… literally just another AI trading bot scheme.
(if the trading bots worked they wouldn’t be selling access to them)
Yep! And I have recordings of the entire scam start to finish! Will release as soon as the last video drops, which explains the pyramid!
Interesting that this entire scheme is just David Wood white labeling software from NURP.com
Great nugget right there, OUAP! Thank you!
Quantum Club still hasn’t launched! what a letdown.
You seriously thought this would launch and it was legitimate? Seriously?
All you needed to know is David Wood owns it, and he is a narcissist, sociopath, pathological liar conman. But David Wood a legitimate businessman……ROFLOL!!