Supreme Wealth Alliance Review: $55 pyramid scheme
There is no information on the Supreme Wealth Alliance website indicating who owns or runs the business.
The company does however state that it is based in “the sovereign nation of Belize, Central America”. Belize is of course widely recognised as a tax-haven for offshore business activity.
Despite the Supreme Wealth Alliance website containing no information on who is running things, the company’s domain (“supremewealthalliance.com”) is using the DNS servers of the domain “millionairex1.com”.
Millionaire X1 is one of three schemes (Millionaire X2 and Millionaire X7 are the other two), run by James Lee Valentine under the Millionaire X brand (which in turn appears to be part of Valentine’s Empowered Millionaire” parent scheme).
Additionally, both the Supreme Wealth Alliance and Millionaire X7 websites both share the same favicon (with Supreme Wealth Alliance’s source code requesting an image from the Millionaire X7 domain):
On his personal website, Valentine (photo right) refers to himself as “the man of power” and an “empowering author extraordinaire”. Valentine also claims that participation in his Millionaire X scheme will allow members to “learn the wealth mastery secrets of millionaires… and earn 700% ROI“.
Looking a bit further into Valentine’s training technique, I came across this… “interesting” marketing video on Youtube.
Uploaded by Valentine himself, it’s essentially four minutes of Valentine shouting at the viewer (highlights include weird 80s cult indoctrination style aesthetics and the “wise old man” fable!).
Moving on…
Despite Valentine’s obvious connection to Supreme Wealth Alliance, the company’s domain is currently registered to a “Franco Chaves”, who provides an address in the Philippines.
Chaves seems to have primarily targeted the Philippines in the past with various schemes and owns and runs “Chavesnet Enterprises”.
Having worked with Valentine on past ventures, it appears Chaves has some sort of executive management role within Super Wealth Alliance, however for reasons unknown the specifics of this are not divulged on the company’s website.
Read on for a full review of the Supreme Wealth Alliance MLM business opportunity.
The Supreme Wealth Alliance Product Line
Supreme Wealth Alliance has no retailable products or services. Instead, members are only able to sell membership to the company itself, which they are then paid commissions for doing so.
Membership to Supreme Wealth Alliance includes access to the “Supreme Wealth Library”, which is a series of ‘ebooks, videos, audios, scripts, graphics, templates, icons, fonts, and many more’.
Access to additional resources are also included with Supreme Wealth Alliance membership, covering topics such as
- beauty and health enhancement
- “winning against various problems”
- “learn how to do and accomplish great stuff”
- wealth building strategies
- “tons of software, scripts, plugins and templates”
The Supreme Wealth Alliance Compensation Plan
Dubbed the “Perfect Pay Plan System” or “PS3”, the Supreme Wealth Alliance compensaton plan revolves around the recruitment of new members, paying out affiliates using two compensation structures.
Matrix Commissions
Matrix commissions are offered to Supreme Wealth Alliance affiliates using a 2×2 matrix compensation structure.
A 2×2 matrix places an affiliate at the top of the structure, with two legs branching out from under them (level 1). In turn, these two legs branch out into another two legs (level 2).
An affiliate is paid when this matrix is full (6 member positions in total), with matrix positions fillable either via direct recruitment or the recruitment efforts of an affiliate’s up and/or downlines.
Once a matrix is full this is called a “cycle” and Supreme Wealth Alliance affiliates are paid $70 and re-entered into another matrix, with the process then repeating itself.
Note that if an affiliate personally recruits 10 new members into the scheme, their $70 payout per matrix cycle increases to $90.
Recruitment Commissions
Recruitment commissions in Supreme Wealth Alliance are paid using a 3-up style compensation plan. What this means is that 3 of an affiliate’s “qualifying sales” are passed to their upline, and in turn any new members they recruit also must pass up their three qualifying sales too (residual income).
In Supreme Wealth Alliance, qualifying sales are the commissions generated by the sale of an affiliate’s 2nd, 3rd and 7th membership sale. These commissions are paid out at $20 per new member recruited, with all other numbered commissions being paid to the affiliate recruiting.
Joining Supreme Wealth Alliance
Membership to Supreme Wealth Alliance is a one-time fee of $55.
Conclusion
Taken from the Supreme Wealth Alliance website:
Within the next five years, Supreme Wealth Alliance Corporation will be the largest Online Membership Site.
Unfortunately when coupled with an MLM compensation plan, in attempting to achieve their goal, Supreme Wealth Alliance boils down to nothing more than a recruitment driven pyramid scheme.
All commissions are dependent upon the continued recruitment of new members and there is no revenue coming into the company, other than the membership fees being paid by new members.
Supreme Wealth Alliance even go so far as to break down exactly how 100% of the commissions paid to affiliates are sourced from membership fees:
The entry price of the P3S is broken down as follows:
– US$30 goes to the 2 x 2 Dynamic Follow Matrix
– US$20 goes to the Infinity 3-Up Pass Up
– USD5 goes to Admin Fee (pay processor charge alone is already more than USD4)
This dependency on constant recruitment is further emphasised by the fact that you can’t even access any information on the Supreme Wealth Alliance website without an affiliate referral:
When you have an MLM company generating 100% of its commissions via membership fees and affiliates solely paid out commissions from these membership fees (and the acquisition of new members), that is the textbook definition of a pyramid scheme.
If new members aren’t recruited both the matrices and the 3-up components of Supreme Wealth Alliance’s compensation collapse.
With membership to the company being a one-time payment this means that the member liability is lessened as opposed to a monthly membership fee, however it doesn’t change the fact that once the recruiting dries up (inevitable in pyramid schemes), whoever joins last will fail to recoup the money spent on their membership.
Belize is also where alleged murder suspect John McAfee is holed up. 🙂
Wikipedia says it’s a well known hub of activity for drug and human trafficking too.
I imagine money laundering isn’t too far behind…
That video really bowled me over! Bizarre.
Jeff here, one of the Pioneering leaders of the program being reviewed above. I was brought here by a fellow member, I just want to answer on the part wherein this review says that it is the textbook definition of a Pyramid Scheme, and the drought of the income is inevitable but what i can say about it is….
The definition of Pyramid Scheme has been one the greatest debate that is always been being brought up every time ever since the earliest stages of MLM. That was around 10 years ago, probably 20 years who knows, I dont know, im just in here for 3 years only (MLM)
I will not lecture you guys on MLM Facts, imma give you a transparent answer coming from ME.
It just so happened that I got into the game, “Learn the Rules of the game, and just Play better than anyone else”, I’m in the game, and before i actually played in the battlefield, I’ve made my research. And im not gonna lie to you, I also studied about the “textbook definition of Ponzis and Pyramid Schemes”, but one thing i’ve learned is, “Saturation” is impossible.
SWA is a global business and your gonna talk about me that it is inevitable that SWA will ran out of customers? Do you really think that there will be a time, that there are no available customers “LEFT” for this opportunity?
Im in the game, so i dont tolerate negative facts that will slow me down, I’m not gonna tell myself “what if I ran out of customers?” It’s like telling yourself, “What if the world ends?”. So be careful on what you feed your mind. What I feed my mind are the “Inevitable POSSIBILITIES that this opportunity can give me”
Stop this endless debate, learn to embrace the Future, Multi Level Marketing is a System, it doesnt mean that there are companies that turns it into a SCHEME or a SCAM, it doesnt mean that MLM System is a SCAM. If you got scammed with this System, the COMPANY Scammed, you. Not the System.
Please learn the Difference.
@Jeffrey
No it hasn’t. In MLM if you have to recruit to earn, with those recruited having to recruit to earn you’re in a pyramid scheme.
This isn’t up for debate, it’s fact.
MLM isn’t a “game”. It’s about selling genuine products to retail customers.
Mathematically this is obvious. Oh and you don’t have “customers”, you have “recruited affiliates who must recruit to earn any money”.
Negative facts are still facts. If you choose to ignore them that doesn’t make them any less so.
Study harder then. The fallacy of there being an infinite number of people in the world for you to recruit is precisely why pyramid schemes are unsustainable.
The only debate that exists are pyramid scheme participants trying to convince the rest of the world that having to recruit people to make money is legit.
And pyramid schemes most certainly are not “the future” of MLM, otherwise the industry’s in a whole world of trouble.
Dude have you re-read your post? Try doing it a few times out loud and record yourself see if it makes any sense.
Maybe so.
However, “saturation” is not your only problem.
Pyramid schemes and/or endless chain recruiting schemes are illegal.
Your potential “market” is therefore reduced immediately.
You (and SWA) are then restricted to either get-rich-quickers and/or the gullible as your source of the new recruits without which neither of you will survive more than a few months.
Believe it or not, forums and blogs such as this don’t exist solely for the benefit of the Supreme Wealth Alliance and “Jeffrey Perez” of the world.
I’m in no doubt both you and SWA will be able to pull in some get-rich-quickers before SWA folds.
Smart and/or genuine MLMers, on the other hand, will avoid both Jeffrey Perez and SWA like the plague.
Bull****.
The market that you can reach is finite, and thus saturation is definitely possible. Internet have widened it a bit, but again, what YOU can reach is finite.
Given INFINITE TIME and INFINITE RESOURCES, then there is no saturation. You have neither.
I guess you guys here are all experts of MLM, then it’s not a debate of how SWA will end up. but for me having signed up with a company like SWA with the access of 2000+ downloadable useful ebooks is already a win-win case.
and I may not succeed with SWA alone but the knowledge I got from those ebooks will be more than its worth.
The ebooks are given away free with pyramid scheme membership, that should tell you exactly how much they are worth.
It is obvious that SWA is a quick-money gimmick with the signature of a Pyramid scheme.
The E-books, at least most of them anyway, are downloadable free if one is diligent enough to research through legitimate institutions who wrote and published those.
Anybody for get-rich-quick schemes, SWA is one way. Good Luck.
Apparently Filipinos are still hot over these matrix schemes. Some are still posting webpages and articles about it.
This reminds me of the 12dailypro scam a few years back. Everyone involved in that program couldn’t see it was an obvious ponzi either.
Oh my!!!!! Many of our Filipino Deaf got hooked on this SWA thing! They have already been recruiting their friends. This SWA is all over Facebook! How can I prevent them from getting scammed?
Ask them what they are doing to get paid and then have a think about the long-term. Should sort itself out, otherwise they’re lost causes.
Im into the business. And im happy to say that its worth the investment. I think that swa will not last forever. I will not last that long either. I can even stop anytime I want especially when it becomes illegal.
Other people may say i was scammed but I didnt feel i was or whatsoever. I am happy that the system helped me and others.
Pyramid schemes don’t become illegal…
Pyramid schemes are illegal. You mean when the law enforcement start rounding up people such as you.
I don’t care if SWA is a pyramid scheme as long as I and my downlines are getting paid…
I’m not worried too if it will not last long, I’ve already earned back my $55 investment along with all of my downlines. What we’re receiving right now is pure profit…who don’t want that?
You of course must mean your personally recruited downline, not the schmucks they’ve recruited.
After all, somebody has to be getting shafted at the bottom of a pyramid scheme or it doesn’t “work”.
Do you care if you get arrested for running a pyramid scheme though? Or as least participate in conspiracy to defraud?
But at least you’re being honest.
Probably Filipino participant though. Phillipines seem to be a hotbed for financial scams lately. TVI Express, and various matrix schemes… Wonder if Profitable Sunrise ever made its way there? Or Zeek?
I take risk in SWA scheme, its $55 USD , before that i think first to myself, will this $55 dollars will get me broke or poorer? I know its a gamble game, but it will not make me broke…
It’s a recruitment game. If you recruit 2 and they recruit 2 each, and so on and so forth. Gambling is about LUCK and partially about SKILLS.
Recruitment games are based on the “Bigger Fool Theory” = “I can join, because I’m pretty sure there’s plenty of big fools out there who will join after me”.
Sometimes they will be right and sometimes they will be wrong. The conclusion will always revolve around whether or not there actually is many bigger fools out there.
You can actually improve your own chances by surrounding yourself with big fools, but make sure to have them UNDER you in the list rather than over you (don’t join a list, create your own list).
You are obviously on someone’s list? This time you can try to identify the straight upline several levels up. Next time you can try to add the whole list under yourself to improve your own chances, simply by recruiting the one closest to the top of the list you’re currently at the bottom of.
Most of my friends are into this and they already recruited a lot of people and earned 4x of their payment in just a matter of days.
Most people don’t do research about SWA. Also on their product page it says that their ebooks is worth thousands of dollars but I haven’t seen one person on the internet sold an ebook from SWA. The scheme is 100% pyramiding. No recruit means no income.
I remember a friend of mine who’s already in SWA making cash said that ebooks of SWA is much better than Vitamin C and other products of different networking companies. Surely SWA infected her way of thinking.
those who do not care earning atthe expense of others are what we call GREEDY people. Earning money should be RIGHTEOUS. Suppose others earned at your expense, would you want that to happen?
Always investigate first before joining any so-called business opportunities.
I feel bad for the people and close friends who became victim of scams like this. This type of scam is not new. It’s been going on for years.
Sometimes, people don’t learn from previous scams; they join every time some one offers them. If someone sells you something that contains a word “rich” “ROI” “millionaire” ” not a scam” just say no and be firm about it.
First of all I would like to thank this site/blog. One thing members of SWA have done well is bury articles like this below their own “SWA is a scam?” posts/blogs/videos/sites.
Their online marketing strategy is top notch. They post with what everyone is looking for information if SWA is a scam or not using keywords so that their posts come up.
I wont talk much about SWA itself cause this article actually did a good job of explaining the scheme by breaking it down to its base elements.
I have seen setups like this in the past. Back then they were selling actual physical objects (the value add). But we are in the online generation now where the lines of cyberlaw is still in its infancy thus are blurry.
That all I wanted to say … I know I will not be able to change the minds of the believers in SWA. But at least helping to bring articles like this up to the light of day.
Beware: SCAM AHEAD! 😛
Well, for me, $55 is not much for a whole lot of learning, plus it can be a way to help out others. 🙂
Once you earn, you can diversify your funds and put it into stocks, bonds and other investments.
The Filipino people deserve something to pull them up and jumpstart something. The class D & E don’t even have the means to maintain an MLM Business Unit alongside the horror of seeing his Busy Sponsor strengthening the Weak Side.
Get this, we have to realize that when we join an MLM group, we need to pay for Autoship/Maintenance, etc (like mine),and the bulk of the money goes to Incentives/payout & where? The capitalist, of course. BUT IT HAS TO BE DONE. That’s how business works.
Let me just say this: WE ALL HAVE OUR OWN BIASES. And apparently, each of us are biased to our own loved MLM Org, right? So Do good with yours. Let others Learn.
We all live and Learn. $55 is not much of a ca-ching to Learn something. Low Risk, High Yield. ey?
@Shrewd
Whatever excuses you have to make up to help you sleep at night…
Those at the bottom of the scheme when it collapses will still lose their money. That’s the only learning they get for $55.
No.
Almost all the companies and organizations are networking based. When the organization or company fails to provide or collapse everyone below is also affective.
Network to be seemed as pyramid or not, is depends on the person who joins the team. How he/she sees it and does the business.
@Commentator
I think you’ll find the vast majority of businesses in the world are product and service based.
No, it depends on the company. If they are selling affiliate memberships and paying commissions on said memberships, they are a pyramid scheme – regardless of what you do as an affiliate.
If you don’t SEE it as something illegal, it isn’t illegal?
That theory is flawed. The reality isn’t about how individuals SEE something or CONVINCE themselves about what something are. You can CONVINCE yourself that lions aren’t dangerous to humans, but a belief like that won’t help you much in reality.
On a long term basis, you can only affect your own situation if you’re able to see the realities, e.g. so you can find methods to protect yourself against the lions, rather than convincing yourself about how safe they are.
On a short term basis, you can mislead yourself about almost anything. It can work for a long time if you never have to face the realities, but the first time you meet a lion your whole belief system will fall apart.
You can’t successfully build a life around flawed ideas, at least not if the ideas are important. And building a life around unimportant ideas doesn’t make much sense either. It only makes some sense in a cult where all the others believe in similar ideas, and where they are protected from the realities.
You will need to surround yourself with other cult members, and hope the realities will hit them rather than yourself. But that idea isn’t very rational in itself, it will eventually fail.
This is not the Matrix and you’re not Neo. How you “see” the world is irrelevant. Reality is just that: the cold hard truth.
Perhaps what you meant is the “mindset” that the individual approach the business… If they approach MLM with pyramid mindset, then it will be a pyramid scheme. However, if they approach MLM with marketing mindset, then they’ll market.
However, this presumes they are indeed dealing with MLM.
this swa is flooding my facebook newsfeed like hell. i just want to say thank you to the author for writing this. ill send the link to my fb for my friends to see. and yeah it is burried. i have to scroll down a lot!
frontrow, swa, whats next? haha. my poor friends.
Get rich quick idea and Greed are two main reasons why this Pyramiding scheme are so rampant and still existing around us. Money doesn’t grow overnight but it grows overtime back with discipline and proper planning.
It’s time to learned from the bitterness and the horror experiences of these Pyramiding Gimmicks. Investigate before investing your hard earned money. Choose not to be a victim.
Guys i got this info…
source: http://whois.domaintools.com/supremewealthalliance.com
The Pyramid Myth
Let me explain what a pyramid is:
In a pyramid, there is no product sold.
(Ozedit: I’m going to cut you off there, as your premise is false. Plenty of pyramid schemes have products.)
@allenatore
Looks like the information has been changed since the review was published. Scammers have a habit of doing that once exposed.
The truth is Supreme Wealth Alliance is on its 2nd year success online, no one has reported of not been paid or been scammed.
The truth is nobody reported being scammed by Bernie Madoff for more than ten f***ing years.
@allenatore
a recruitment driven pyramid scheme.
Please don’t try and link to spammy marketing sites here. Especially ones full of incorrect BS.
I have checked your link. There’s wrong type of audience here for that type of link. The author have probably CONVINCED himself about those ideas, but he will fail if he meet resistance.
His first idea:
“There’s no products in pyramids”. He has failed to check promotional pyramids, so his idea doesn’t reflect the realities. He’s misleading himself and his potential audience with that statement.
His second idea:
“Normal jobs in a company is truly a pyramid”. He ignores that people don’t need to PAY anyone to work for a company. They will not get rewarded for recruiting other people either. In a normal job, you’re paid for the value you’re generating, not for the recruitment of others.
His third idea:
“Several business men are endorsing network marketing”. So what? I don’t think any of them are endorsing the type of network marketing you’re talking about.
You can probably check Wikipedia or other sources for “promotional pyramid scheme”. In Europe, anti pyramid scheme rules can be found in the EU UCP Directive, Annex 1 point 14 (Annex 1 is also called the blacklist). It was implemented in the legislation in the different countries in 2007 or 2009.
https://webgate.ec.europa.eu/ucp/public/index.cfm?event=public.directive.show
I agree with this article! I also did my research and added some legal grounds as to why I think SWA is a scam.
You can read in full here: http://howard.uberdigests.info/2013/11/19/swa-is-a-scam/
Anyway, one of the reason why SWA is not legit is that it is not registered here as a corporation. So how can it conduct business here legally?
Warning,this is nothing but a pyramid scheme. In U.S.A and Canada and some European countries it is illegal.
If you are a member of this scheme or any other schemes you are considered a criminal and if you ever try to enter U.S.A or Canada you will be refused entry. Promoting this on Facebook will certainly put you in jeopordy. Something to think about
There is no such thing as promotional pyramids, the only one using that term are those Ponzi scheme masterminds.
The probability that you are part of the Ponzi machine of SWA is getting high base on your post.
Chavesnet is a fake company that we have manage to shutdown not once but twice from my previous company. If this is a legal corporation, it should show the owner, the office the tax information and the licenses. Fact is, those information are all missing and we have shut it down without any issue signalling that it is a pure scam.
Just in case you failed to realize that domain information can be faked easily. In fact a lot of domain are registered to “mr anonymous” being used by domain protection companies.
There is also a reason why it was on it’s second year despite that the system was opened around 1990’s it was shutdown, renamed thrice.
The sole reason the registered the domain and the company in Belize is that Belize forbids any inquiry about a questionable company registered on it’s land.
Perhaps you can guess why money launderers, criminals and swindlers live and register their company in Belize. If SWA keeps registering all their companies in Belize, that is a red flag to the world.
A point of notice to the SWA protection army. SWA’s ebooks are stolen ebooks with a forced watermark. The other ebooks they got are readily available as free.
I reviewed a few videos of SWA members serving as recruitment head in different areas.. the common thing they say when they are cornered are…
“I don’t care if this is a scam, the important thing is that I earn. I don’t feel sorry to those who got nothing and got tricked, I only care to what I get.”.. Legit companies don’t have this vision..
All i can say is….. All the people that’s has been recruited last will be the one that’s gonna cry… IF…
a.) The government will tolerate all the members that’s been recruiting. Participating in this SCAM and will only punished the MASTERMIND. But “IF” ever the 1st, 2nd, 3rd members and so on so forth are going to be included to be liable under any laws under our constitution… Then, they will cry also bitterly (I HOPED THE MONEY THEY EARNED ARE enough to pay for the damages…
b.) Friendship breaks/Families fall apart…. If you friend/ best friend recruited you in this and didn’t worked out and it will eventually making things harder to you.. I mean $50/P2,500 is not a SO SO money…
Families may argue to each other if they are branded as SCAMMERS for recruiting their relatives.. To Invest in this kind of DEALs.. Goodluck! I hope they will not end like the PEOPLE WHO RECRUIT IN AMAN FUTURES who makes ruckus in the southern Mindanao for killing the people who they recruit.. TSK! TSK! TSK!
There is a copy of certificate of incorporation of SWA in the Philippines in this link: supremewealthallianceswa.com/supreme-wealth-alliance-philippines-inc-certificate-incorporation/
Please tell us Oz if they are now legitimate to transact business in the Philippines. There are lot of Filipinos being victimized due to this Pyramid Scheme business opportunity. Do you have any idea how to stop it?
That depends, does the Philippines permit pyramid schemes? A business registration does not trump the company’s business model.
Probably best to get in touch with local authorities on that one.
Yes Oz. Pyramid cheme is illegal based on this statement taken from this Philippes SEC website:
http://www.sec.gov.ph/cmanual/CITIZENS%20MANUAL%20NO.%205.pdf
It says…If you’ve been caught out by a ‘get rich quick’ scheme that involves shares or investments, then contact the Securities and Exchange Commission.
If the scheme involves pyramiding, contact the Bureau of Trade Regulation and Consumer Protection Department of Trade and Industry.
This is an statement of a friend who would like to recruit me: “Here’s are officers of the PNP, Doctors, Lawyers, Teachers and others that are with SWA. And thousands of OFW all over the world”.
It has name on them in the scammed photo that was posted on my Facebook account. I wondered why these professional people are joining an illegitimate business.
Not uncommon, but doesn’t sound very proactive.
Guess when the schemes go bust only then do they move in.
Same reason non-professionals do, “show me the money!”
This is a how/why many Filipinos are in a shit hole. Many are either ignorant, stupid or simply have criminal blood running in their veins.
Once you signed up and pay then you become a victim, and once you receive payment, your a cheater!!! simple!
What I see in reading all these comments is that everyone is so concerned about scamming and giving advices on how not to get scammed but actually everyone has no right to judge everyone.
It’s not your loss though when someone becomes a victim or not.
All I can say is, please give everyone a chance to choose on what kind of business they want to join as long as they’re ready to face the consequences when it gets tough. PEACE!
Hey, you want to participate in recruitment-driven pyramid scheme scams, you’re gunna get judges. Welcome to the real world.
By all means go ahead and join a pyramid scheme, but don’t beat about the bush and pretend it’s anything but and that by participating and promoting it, you are a deadbeat scammer yourself.
Own your criminality son.