WahVision Review: 3 level Ponzi pyramid hybrid
There is no information on the WahVision (Work At Home Vision) website indicating who owns or runs the company.
The WahVision website domain (“wahvision.com”) was registered on the 24th of September 2012, however the domain registration is set to private.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The WahVision Product Line
WahVision has no retailable products or services. Instead, members pay a monthly membership fee and are then able to “purchase” various positions within the WahVision compensation plan.
Bundled with monthly membership are advertising credits and access to an e-book library, which the company claims ‘is going to be updated each month with more ebooks‘.
The WahVision Compensation Plan
The WahVision compensation plan primarily revolves around members paying monthly membership fees and purchasing positions in the WahVision compensation plan.
There are three main components to the WahVision compensation plan and they are as follows:
3×7 Matrix
Details on this are a little sketchy, but it appears to be a 3×7 matrix members are automatically entered into when they join the company.
Commissions appear to be paid out depending on how many positions are filled in a member’s matrix (either by direct recruitment of new members or indirect recruitment via an affiliate’s down or upline).
Revenue Sharing
This appears to be some sort of investment scheme, with members purchasing a “revenue share package” on the guarantee of WahVision paying out a 200% ROI over time (funded by new member investments).
A 10% referral commission is also paid out on any investments made by members an affiliate recruits into the scheme.
WAH Cycler Boards
Upon paying their monthly membership fees, WahVision members are given “3 new cycler positions each month”. The company doesn’t clarify the make up of the cyclers but typically once enough positions have been bought a position “cycles” and a commission is paid out.
Forced Reinvestment
Note that 50% of all commissions earned by WahVision affiliates must be re-invested back into the scheme via the purchase of positions in the compensation plan. The company claims this is to “ensure longevity and growth”.
Joining WahVision
Membership to WahVision is $10 a month, with participation in various aspects of the compensation plan costing extra.
Conclusion
WahVision describe their opportunity as
a vision created for all people who have a dream or vision to create an income from the comfort of their own home.
Unfortunately the simple fact of the matter is joining a company, investing money and earning commissions when new members invest and/or purchase positions in matrices is just the same old Ponzi scheme games that continue to plague the MLM industry.
Each level of the WahVision compensation plan is 100% affiliate funded and either dependent on the continuous recruitment of new affiliates, continuous re-investment of commissions by existing affiliates and/or new investments made by newly recruited and existing affiliates.
If either of the above scenarios stop then the compensation plan grinds to a halt. Meanwhile no products are sold to retail customers, meaning all WahVision are doing is shuffling affiliate money around to those who got involved in the Ponzi scheme earlier.
The 50% re-investment rule with prolong the collapse of the Ponzi scheme, but ultimately does not solve the problem of existing liabilities owed exceeding new money flowing into the scheme (a Ponzi scheme inevitability).
Approach with extreme caution.
This is basically Ad Surf Daily coupled with an “e-Library” pretending to be a product.
According to the payment processor receipts going out to members:
The admin behind WahVision is the same as that behind “Residual Daily Profits”.
Residual Daily Profits was a recruitment driven matrix pyramid scheme launched mid 2012, where members purchased positions in 5 matrices.
Or to break it down, here’s how Residual Daily Profits themselves described the opportunity:
Not surprisingly, Residual Daily Profits stalled and crashed after just a few short months.
There’s no information on the now redundant Residual Daily Profits website indicating who the admin is, but further research has linked the name “Dave Taylor” to being behind it.
Other names I’ve seen tied to the admin team are “Dustin Langley”, “Brian Moore” and “Derek Burt”. No idea if these are actual people or just psuedonyms.
Apparently when members demanded refunds from the payment processors they paid Residual Daily Profits with, they were refused because
Furthermore, RResidual Daily Profits even went so far as to send threatening emails to members who dared request refunds against the admin when they stopped paying out:
WahVision? Here we go again…
Yeah, sure you will.
The next time a HYIP ponzi operator voluntarily appears in court will be the first time.
What’s the world coming to when a fraudster can pretend to be eligible for protection from laws primarily designed to protect society itself from fraud ??
This scammer, Dustin Langley, is back with banneradsdaily.com
And not surprisingly, Paul Brezina (pjb681 on MMG forum) is promoting it!