Weexor Review: 2-2.5% daily ROI Ponzi scheme
There is no information on the Weexor website indicating who owns or runs the business.
The Weexor website domain (“weexor.com”) was registered on the 4th of June 2013, however the domain registration is set to private.
“Share certificates” issued by Weexor list a “Rodney J. Watson” as Chairman of the company:
However no further information is provided, with the certificates appearing to be printed off a computer-generated template.
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 Weexor Product Line
Weexor has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
Once an affiliate has joined Weexor they are then able to purchase positions in the compensation plan, with the expectation that the company will pay out a daily ROI.
Each position purchased is bundled with a series of advertising credits, which can be used to display advertising on the Weexor website.
The Weexor Compensation Plan
The Weexor compensation plan revolves around affiliates investing money with the company and encouraging recruited affiliates to do the same.
The company offers two “plans” for affiliates to invest in:
- Lite ($10-$100 per investment) – 2% daily ROI for 60 days
- Pro ($20-$1000 per investment) – 2.5% daily for 75 days
Referral commissions are offered on all investments made by recruited affiliates. How many levels of referral commissions an affiliate qualifies for is determined by which plan they have personally invested in.
- Lite affiliates earn 10% on investments made by their personal recruits (level 1)
- Pro affiliates earn 10% on investments made by their personal recruits (level 1) and 5% on investments made by recruits of their recruits (level 2)
Weexor affiliates earn reward points every time they earn a referral commission. Weexor state that reward points are ‘equal to (a) $1 voucher balance‘, with vouchers able to be used to ‘buy another package of our business units‘ (invest in new packages).
Reward points are generated at a rate of 2 points per direct referral commission generated (level 1) and 1 point for indirects (level 2).
As an incentive to encourage affiliates to recruit new investors, Weexor offer matrix commissions via a 2×2 matrix.
A 2×2 matrix places an affiliate at the top of the matrix with two positions directly under them. These two positions branch out into another two legs for a total of six positions down two levels.
Each of these positions represents a recruited affiliate, with Pro affiliates paid $25 each time their matrix fills up.
Note that an affiliates first matrix is “free” with their first Pro investment, however after an affiliate fills their matrix for the first time Weexor charge $10 for matrix re-entry.
Affiliate membership to Weexor is free, however affiliates must invest with the company if they wish to generate commissions.
Under the guise of selling advertising credits to participants, Weexor operate a basic affiliate-funded Ponzi scheme.
Affiliates join the company, invest money on the expectation of a guaranteed ROI and then receive a daily ROI paid out of new investments.
This is openly admitted in the Weexor refund policy, which states:
All payment are NON-REFUNDABLE and FINAL.
The system also automatically shares the revenue from your purchase to all members, and commissions are paid to your sponsor. So, we cannot afford to offer refunds.
There also seems to be some communication problems from the company in regards to what they do and don’t guarantee affiliates. The Weexor “earning disclaimer” states:
As with any business endeavor, there is an inherent risk of loss of capital and therefore we cannot guarantee anyone that they will earn money.
Yet quite openly the Weexor website markets the opposite, clearly guaranteeing their affiliates “profit-sharing”:
Despite the obvious nature of Weexor’s business model however, the company insist in their FAQ that they are not a Ponzi scheme:
Are you doing illegal business like a HYIP, Money Game, and Ponzi Scheme?
No. 100% our business is a legal. Weexor is a advertising company, we just sell advertisment product.
Take a peek at the Weexor website source code however and the admin is all too willing to give away the true nature of the business:
As with all Ponzi schemes, once new investment dries up so too will Weexor’s daily “guaranteed” returns.