Wealth4AllTeam Ponzi reboot collapses after 2 mths

Back in late December 2012 Wealth4AllTeam announced that they were rebooting the infamous 10 day ROI scheme. This scheme collapsed around August 2012, with Wealth4AllTeam launching a new opportunity under the “Primus Hub” brand.

Guaranteeing a 1.6% daily ROI sourced from “new deposits”, Wealth4AllTeam described the reboot as ‘a total passive investment only program‘ that accepted investments between $10 and $10,000 from its members.

Now, barely two months after the launch of Wealth4AllTeam 2.0, the company has once again shut its doors.

Citing “low membership” as the reason for the collapse, Wealth4AllTeam published a closure notice on their website mid last week:

Effective immediately, W4A Team Marketing Association will not be accepting any new members to the W4A Marketing Association.

Due to low membership, W4A MA made a decision to temporarily stop new member subscriptions so that our liability to the members stabilizes and to protect the W4A Members deposits and earnings.

Seemingly offering the promise of payouts in the future, it appears that due to “low membership” (a lack of new investor money), Wealth4AllTeam have found themselves unable to pay out ROIs owed to existing investors.

When this happens a Ponzi scheme is dead in the water.

Perhaps offering some insight into the financial workings of Wealth4AllTeam, the company continues,

While plans are being implemented, W4A MA has stopped all withdrawals until further notice to allow external investments to produce a return.

Once the external sources of income are stabilized, W4A MA will deposit the original funds plus the total earnings into the members IPO W4A account as stated and described on our website.

While waiting for W4A to reopen we encourage to check out other programs the company is participating in at present time.

Linked at the bottom of Wealth4AllTeam’s announcement is a page featuring Wealth4AllTeam referral links to a series of affiliate and MLM opportunities.

Armed with this information, it’s easy to put two and two together and realise that these opportunities are the “external sources” Wealth4AllTeam are referring to.

No doubt Wealth4AllTeam’s involvement in some of these opportunities hasn’t panned out the way they thought it would and now, faced with not having enough money to pay ongoing ROI liabilities owed to their own members, CEO Danny Cianciulli (photo right) and friends have decided to pull the plug.

Playing a straight Ponzi and simply redistributing new investor money to existing investors is dangerous enough. Investing the money in other questionable opportunities is just a disaster waiting to happen.

Curiously the second collapse of Wealth4AllTeam doesn’t appear to have affected operation of PrimusHub, whose website is still operational. I do note however that a more stripped down looking version of the site is now presented to visitors, urging them to ‘contact a current Primus Social Member for access‘.

With both Wealth4AllTeam launches having collapsed though and PrimusHub failing to launch the bulk of their promised services, I imagine it won’t be long before it too closes its doors.

Footnote: The closure announcement as published on the Wealth4AllTeam website can be viewed in its entirety below:

Effective immediately, W4A Team Marketing Association will not be accepting any new members to the W4A Marketing Association.

Due to low membership, W4A MA made a decision to temporarily stop new member subscriptions so that our liability to the members stabilizes and to protect the W4A Members deposits and earnings.

While plans are being implemented, W4A MA has stopped all withdrawals until further notice to allow external investments to produce a return.

Once the external sources of income are stabilized, W4A MA will deposit the original funds plus the total earnings into the members IPO W4A account as stated and described on our website. So for example, if you deposited $200.00, you will receive the maximum payout of $300.00.

Effective immediately, the W4A Team Marketing Association Website will be the source for all communication. We will update you via the website every week and appraise you with any updates available.

During this transition, the live calls will be temporarily stopped. Again, please refer to the W4A Team Marketing Association site for updates.

Do not, do not send a support tickets or emails or phone calls to any of the Executive TEAM during this transition as they will not be monitored or responded to.

We will divert and focus all our efforts into further developing and increasing our external sources of income and securing funding for all our current members and developing a sizeable funds base so that when we re-open, we can do so with solid funding and producing external forms of income that will assure a long term program for all !

Thank you for your undestanding in this matter

See you soon!

While waiting for W4A to reopen we encourage to check out other programs the company is participating in at present time. We do not gurantee any level of earnings participation is totally optional at your risk.

Please check with current W4A sponsor before signing up to see if they will be participating so we maintain line of sponsorship.