We Share Abundance shifts to only paying out recruiters
We Share Abundance’s withdrawal issues continue, with the latest restriction seeing only those who recruit new investors able to withdraw.
We Share Abundance is a 50% a month Ponzi run by Graham Frame (right).
In addition to stealing money from investors, Frame also funnels WSA affiliate investors into Ash Mufareh’s OnPassive pyramid scheme.
BehindMLM first documented WSA withdrawal problems in late October. At the time Frame was seeking to make it more difficult for affiliates to withdraw funds, by making them jump through KYC hoops.
On November 16th Frame announced he was
planning to only allow qualified Power Of One members to withdraw.
He feels we should all be able to bring in at least ONE new referral each month who will stake at least $2.
Naturally this went down like a ton of bricks with WSA affiliates, who for the most part invested on the representation of passive returns.
Within twenty-four hours of making his initial announcement, Frame backflipped.
Just to let you know that I will not implement the Power Of One restriction on withdrawals.
It will not be a requirement BUT POO Qualified members will get preference in many ways and so start thinking positive about “How can I qualify” not negative about I can’t qualify!
Well, sort of.
Reading between the lines, Frame clearly intends to only pay those recruiting. Affiliates who recruit will be given withdrawal priority (i.e. allowed to withdraw at all), with everyone else de-prioritized (i.e. unable to withdraw).
It’s the same as restricting withdrawals, without saying as much.
We imagine the majority of WSA affiliates being unable to withdraw, even having met KYC hurdles, will prompt a flurry of complaints.
How Frame makes it even more difficult for affiliates to withdraw next remains to be seen.
Update 15th December 2020 – Graham Frame has announced new WSA affiliate investors are banned from withdrawing for six months.
Update 19th May 2021 – We Share Abundance has collapsed. Graham Frame has announced a Wesa Coin reboot.
Lol seriously? Even if Frame’s claim to be in Lincolnshire is bogus, I refuse to believe he doesn’t know that poo means excrement.
He could even have abbreved it to PO1 if he didn’t want to make a blatant pisstake of his victims.
Mr Frame is a Good person he’s trying to help people help charity he’s not puting no money in his pocket. A good person. Un like you.
(Ozedit: derails and abuse removed)
@Jimmy
Good people don’t run Ponzi schemes through which they steal people’s money.
You’re not helping anyone by stealing their money except yourself.
In the end, most of the participants of this scheme will share deficiency.
Blogger,let me correct you people that run Ponzi don’t steal money, they try their best to help people generate more funds through peer to peer matrix but where they have shortage of fund is when less people are been introduced to the system then it lead to shortage of fund and collapse of such platform, to me that’s not stealing.
Now we share abundance isn’t a Ponzi scheme and why do u focus on the platform?
what about the coin that are been verified in coinrainking?
Ponzi scammers steal money. There is nothing to correct.
Stealing people’s money through Ponzi schemes like WSA isn’t helping people.
Yes, yes it is.
What about them?
Legitimacy via association isn’t a thing. WSA is still a Ponzi scheme.
All my life I haven’t seen a Ponzi scheme that run successfully upto 6months, most one I have seen within 3 month it collapsed but even if we share abundance is Ponzi scheme as you calmed it is which is not.
I believe for a community to sustain for more than 6months that means the Strategies and plans they use to keep the community running is a nice one …
don’t condemn what you can’t do and appreciate what others are doing, Graham have helped many souls and chance lifes and his always online to give information to his people.
how many Ponzi scheme founder show up his/herself known to people?
Stop focusing on what you think rather focus on what have been done and what his ready to do.
stop condemning people’s work if you don’t have any news to blog on focus on covid-19.
1. Go read up on Bernie Madoff.
2. How long a Ponzi scheme runs for is irrelevant.
Your beliefs don’t matter.
Math is math. All Ponzi schemes are scams that leave the majority of investors out of pocket.
Again, Graham Frame stealing from people isn’t helping them. Stop making excuses for scammers.
Irrelevant to the fact WSA is a Ponzi scheme.
I keep telling “what has been done” and you keep ignoring it: WSA is a Ponzi scheme through which Graham Frame has stolen people’s money through.
Please, Can I see evidence of your own money that he have stolen?
Why are you blocking my comments,since you know GRAHAM stole your money let’s see evidence of it, don’t block my comments.
Anything offtopic is sent to the spam-bin.
Sure, have a read of our WSA review. WSA’s fraudulent business model is laid out in detail for you.
I haven’t been fucked over by Frame if that’s what you’re asking.
The good news is you don’t have to get fucked over by a Ponzi scammer to identify a Ponzi scheme.
Sorry for your loss.
This Graham Frame does not have a clue what he is doing.
He is also undercutting members trying to exchange their tokens on the waves exchange platform. pushed the price of the wesa token from $300 to $59 as of typing this.
Members who are renewing their stakes or even getting in for the first time are only paying in $20 for all 6 pools and he is still trying to pay out $150 per month.
and when you question what he is doing he says if you don’t like it leave.
I know of members who have $10k to $80k in their back office but can only withdraw $50 per month.
The company is a joke and if you have not had any money out of this program yet request a cancellation and refund.
Oh, he knows what he’s doing. He’s scamming the gullible into turning over their money on false promises of profit.
For a good example of “gullible,” read “Bella’s” comments, above.