Crowd4x Review: Wealth4AllTeam attempt a forex Ponzi
There is no information on the Crowd4x website indicating who owns or runs the business.
The Crowd4x website domain was registered on the 10th of March 2014, however the domain registration is set to private.
Crowd4x marketing videos on YouTube reveal a “Victor Ronzulli” speaking on behalf of the company:
Ronzulli repeatedly refers to himself as “we” and explains why he “started Crowd4x”. For all intents and purposes, Ronzulli would appear to be the owner or an owner of Crowd4x.
Ronzulli is no stranger to the MLM industry, with research revealing his particitipation in a number of questionable schemes.
In June of 2014 Ronzulli was promoting EMSquared, which saw affiliates buy boxes of nutrition bars and get paid when they recruit others who do the same.
Around the same time Ronzulli was also promoting Brain Abundance, which he seems to have joined earlier in the year:
Brain Abundance saw affiliates market a brain pill, with a heavy focus on affiliate recruitment over retail sales.
In 2013 Ronzulli was heavily invested in marketing Rippln:
Rippln was initially set to launch as a full-blown pyramid scheme, however talks with compliance lawyers saw the recruitment side of the business gutted before launch.
2011 saw Ronzulli pushing AutoXTen:
AutoXTen was a recruitment-driven matrix scheme, that promised affiliates they could “legally” turn $10 into $199,240.
Details of Ronzulli’s involvement in MLM opportunities prior to AutoXTen are murky.
Looking at the information we do have though, there’s a noticeable gap between 2011 (AutoXTen) and 2013 (Rippln).
Both Ronzulli’s Facebook profile and Twitter have been scrubbed clean of any promotional activity during this period. So if you’re wondering what he was up to during this time, allow me to fill in the blanks.
Circa September 2012, a Skype chat log provides insight into what Ronzulli was up to during the missing years from his public timelines:
[22:11:47] Victor Ronzulli ~ Morpheus: Well, trust me, I know what you guys are going thru, I have been there, I lost over $97,000.00 in Zeek and have lost money before in other companies prior to that.
We are still here, we are trying to communicate as much as possible.
We are putting together another Awesome company, we are trying to see how to cash everyone fairly and also looking at the most infinetesimal posibility (sic) that we could salvage W4A,
Ronzulli was an investor in the $850 million dollar Ponzi scheme Zeek Rewards, and appears to have been one of the owners of Wealth4AllTeam.
Wealth4AllTeam? Ugh… where to begin.
Wealth4AllTeam first popped up on my radar in May 2012. It was a simple enough 10 day Ponzi ROI scheme and didn’t last long.
Wealth4AllTeam’s next incarnation called PrimusHub, which sought to encapsulate a number of dodgy schemes under the one umbrella. Primus Social was one of those schemes, which had affiliates earn commissions for recruiting fee-paying affiliates into the Primus Hub social network platform.
That lasted about a month before Ronzulli and his fellow Wealth4AllTeam owners went back to their Ponzi roots. This time around (December 2012), Wealth4AllTeam was accepting $10 to $10,000 investments from affiliates on the promise of an advertised 1.6% daily ROI.
By March 2013 that scheme had also collapsed.
A month later in April, Wealth4AllTeam officially announced they were suspending ROI payouts till late 2013.
The last known incarnation of Wealth4AllTeam was the launch of AdRevWorld.
How long AdRevWorld lasted I can’t say, but today the website is no more.
Enter Crowd4x, seemingly the latest opportunity in a long-line of schemes where only the owners and their friends have profited.
Read on for a full review of the Crowd4x MLM business opportunity.
The Crowd4x Product Line
Crowd4x has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
The Crowd4x Compensation Plan
The Crowd4x compensation plan revolves around affiliates signing up and then investing in $120 “training units”.
Crowd4x don’t guarantee a ROI percentage, but all investments are made with an implied guarantee of a 52 week >100% ROI.
Referral commissions are payable on recruited affiliate’s investments, paying out $10 to the affiliate who did the recruiting and $8 to their immediate upline (the affiliate who recruited them).
Membership Fee Commissions
Crowd4X charge affiliates a $10 a month participation fee.
These fees are used to fund membership fee commissions, paying out $4 a month per affiliate personally recruited and $3 for any affiliates they recruit.
Affiliate membership with Crowd4x is $30.
In order to receive commissions, at least one investment in a training unit is required ($120).
A monthly participation fee is also charged, but only when an affiliate has been paid $180. Once this amount has been paid out, the affiliate in question is then charged $10 each month going forward.
If it wasn’t for Victor Ronzulli’s checkered MLM past, one might almost be inclined to believe his cock and bull story about generating Crowd4x’s ROIs through forex trading.
As per the Crowd4X website:
We will calculate profits from trading on a weekly basis and credit to member back-office account. For each purchased made we will make a bonus payment to your account from our weekly trading profits.
Rest assure our traders and our system will still work hard to achieve a weekly profit based on the way we trade, however every week will not yield a profit due to the volatility of the market.
Under the guise of forex trading, all that’s happening is the recycling of newly invested funds among existing investors.
Should one bother to delve into the particulars of Crowd4x’s forex smoke and mirrors operations, I imagine you’ll either be told everything is proprietary or simply turned away.
Meanwhile that schtick about market volatility? All they’re saying there is that if new investment is low, so too will the weekly ROIs.
As with all Ponzi schemes, when newly invested funds start to dry up so too will the weekly ROIs paid out. When that happens, kaboom.
And when the inevitable happens, Crowd4x investors can look forward to this attitude from Ronzulli and his admin buddies:
Great message from Victor on skype, hopefully the moaners and whiners in this group will have more faith after reading this. If you don’t then truly you need to get a life, be grateful for what you have.
And I’m not sure what exactly it is about this particular group of people behind Wealth4All, but despite their schemes lasting barely a few months at best, they just keep coming back time and time again.
I am sorry if I can not answer all the BS that is going on here, and the thousands of private messages I get every hour, If I do that, then nothing else get done.
You know, we could have done just like 99% of other internet companies that shut the doors and dissapear and walk out with millions of dollars just to re-open somehwere else and do it again, but we did not! (Ozedit: um, that’s exactly what happened – over and over again now)
For those doubting me or Danny or any of the decisions that have been made or parsing thru every single word that has been said in the past trying to find a straw to grasp on so that you can prove your absurd points, are not only wasting your time but shortly will be proven wrong.
I hope those that are doing that man up and apologize for their actions.If you really wants things resolved fast, then let us work and stop demanding to talk with Danny or myself or anyone of the other executives every 5 minutes.
The more time we spend here answering the same mindless questions and acusations, the less time we spend doing what we need to do to get things resolved and working on our new project.
Who continues to fund Ronzulli and friend’s escapades I have no idea, but it’s probably time you educate yourselves on their past and stop throwing money away.