Opinion: Worldwide Solutionz is over, it’s not coming back.
That South Africa is a haven for Ponzi investment fraud, so long as the schemes run around calling themselves “Private Member Associations”, might sound ridiculous… but it’s exactly the narrative WorldWide Solutionz would have you believe.
Not surprisingly, and shortly after the two-year period at which most online Ponzi schemes show signs of collapse or being shutdown, Worldwide Solutionz ran into regulatory problems in late October of last year.
ROI payments to Worldwide Solutionz investors were suspended and have been ever since.
Not surprisingly, this has left those who invested thousands into the business furious, with a recent update from owner Marelize van Niekerk-Venter providing some insight as to where the company is currently at.
On January 15, 2015, we sent an update explaining that KYC and AML documentation is required of all members.
This was met with a variety of responses ranging from immediate cooperation by some, total disregard by many, and thousands of repeated emails from angry individuals refusing to comply.
We understand the emotions people experience in times like this. We understand the fear, the frustration, the anger, and the desire to lash out something doesn’t go as hoped.
We receive upwards of 500 emails per hour at times from people expecting to hear feedback and then demanding responses to inquiries asking about feedback.
The update van Niekerk-Venter refers to was the shutting down of the Worldwide Solutionz website a few weeks ago. The company claimed this was voluntary and urged its affiliates to send in their personal details for “compliance reasons”.
A message on the Worldwide Solutionz website currently informs visitors that
WWS is NOT being investigated nor has it been closed down by any government or other entity.
And here’s where things fail to add up.
Let’s begin by looking into the ROI payment problems Worldwide Solutionz has faced for nearly six months now.
As per van Niekerk-Venter’s update;
Since mid-2014 we have been advising the membership of the difficulties regarding money movement across borders.
We have been blocked by STP for some of our benefits due to people reporting us, (but) we still have a good relationship and work with them.
Our payment gateway had to stop operating due to all the bad press. E-Global has gone above and beyond to help us, but there is only so much they can do.
Bad press? Payment processors have to protect themselves legally, and certainly a global Ponzi scheme laundering money throughout the world would trigger any reputable processor’s internal fraud filters.
By the nature of their fraudulent business models, Ponzi schemes bring these problems down on themselves.
But of course it’s much easier to blame “bad press”.
So we know Worldwide Solutionz has had their payment processor services suspended. Fair enough. So why haven’t they done what other dying scams have done and signed with dubious processor channels in China?
If we could move bank accounts, it would make the money mangement (sic) process easier for sure. Unfortunately, that is not an option available to us at this time.
Oh right… Worldwide Solutionz bank accounts are apparently frozen to.
Which brings us back to the claim that “WWS is NOT being investigated”.
Does anyone really believe banks and payment processors are suspending Worldwide Solutionz’s accounts without conducting thorough due-diligence investigations of their own?
Elsewhere in van Niekerk-Venter’s update she claims:
As you all know, we always worked with the authorities, financial and others and was never told that we were on the wrong track until late last year when we immidiately (sic) started taking action as we got information and guidance.
Working the authorities? About what? And again, does anybody actually believe authorities got in contact with Worldwide Solutionz to inform them they were running a Ponzi scheme without first conducting an investigation?
To put it bluntly, Worldwide Solutionz proclamation that it “is not under investigation” is a bald-faced lie.
All signs point to an ongoing regulatory investigation (funds frozen, online operations shutdown, the seeking of additional information from the company about its investors), pending an eventual closure and civil/criminal penalties.
I’m just going to call it: Ponzi schemes don’t recover from this, Worldwide Solutionz is over.
I know it. You know it. Marelize van Niekerk-Venter knows it.
So why the stringing along of investors and providing of false hope the scheme might one-day restart?
Well, the prospect of jail will do that to people.
By her own admission, Marelize van Niekerk-Venter has been in contact with South African regulatory bodies since mid-2014. Yet today, over a half-year later, she won’t even acknowledge an investigation into Worldwide Solutionz.
If I might make a prediction, sometime over the next few weeks their newly hired lawyer is going to bail on them:
Advocate C. Viljoen has gone above and beyond to help and assist but the overwhelming masses of repeated mails cause delays.
He asked people from the start to please understand and help. Even so, his office is overrun with hundreds of repeat emails.
I’m guessing the only thing keeping Viljoen around at the moment is the large sum of money he’s either been paid or promised.
The purchasing of a resteraunt for one of van Neikerk-Venter’s sons, along with claims that what little actual charity Worldwide Solutionz was engaged in continues to run, albeit “starting to feel the pressure”, suggest she has personal funds stashed away somewhere.
As mentioned before, this process is extremely expensive, and more pressure means more costs and delays.
What, you thought Marelize was above stuffing her own Ponzi scheme with pre-loaded positions and withdrawing the lion’s share of funds?
At some point though, once South African regulators have gone over the identity documents provided to them by van Niekerk-Venter, they’ll conclude the data in no way explains the Ponzi scheme she has been running since 2012.
Following on from that, civil and/or criminal charges will be filed (this is one of the bigger MLM Ponzi scams of late, certainly one of the biggest in South Africa), and that’ll be that.
Unfortunately, van Niekerk-Venter appears to be hell-bent on keeping her angry investors in the dark until that happens:
As from now, response time on all emails, messages, etc will be 10 – 14 days. Duplicate emails within this timeframe will be charged fees depending on departments and skills needed and involved.
The fees will be deducted from the member’s WWSz accounts meaning account values will be affected in line with due fees, empty accounts will be charged by invoice or closed.
We are following up on forums and all public places, social media, Skype, text messages, emails and calls, etc. to evaluate the extent to which members have breached the Membership Agreement, E-Mail Agreements, Spam Policy Agreement or PMA rules.
Breaches are being dealt with. Several hundred accounts have already been closed and others will follow as deemed necessary to enforce the agreements.
Anybody who dares ask where their money is will likely have their Worldwide Solutionz account closed. And any investors requiring prompt answers to their inquiries, will have their investment accounts drained and their accounts and also closed once the invested balance reaches $0.
Come on Marelize, it’s time to stop hiding behind the children. Face your investors and come clean as to what’s happening.
To those who follow the MLM underbelly scene, what’s happening to Worldwide Solutionz is par for the course. But you’re leading a lot of otherwise naive people down your rabbit hole.
You alone are responsible for the creation of the Worldwide Solutionz Ponzi scheme. And you alone subsequently bear responsibility for all that follows.
And for those that had hoped South Africa has little resources or expertise to investigate Ponzi schemes… They investigated TVI Express well enough, chased all the promoters underground, and have forensic accounting teams going over the losses a couple years back (haven’t heard anything since).
I thought her telling the members they were going to have to pay for the investigation took a lot of Chutzpah.
After all since this launched she touted how “legal” WWS was and how the authorities were always looking over her shoulder, and pointed to the business registration certificate and the certificate of membership with MFA as proof they were legal.
So if you were so legal back then, what happened? Don’t bother answering as it is a rhetorical one because you weren’t ever legal and not one authority had looked at your organization until you got reported.
I knew this was going to be ugly when this collapsed as too many had quit their jobs making WWS their sole source of income. Others maxed out their credit cards, took out second mortgages to invest, or used their savings to join.
Of course I was vilified at MMG for raising basic questions that Marelize could have answered in two minutes if she was legal.
Then she had Willem come to answer my questions, which he really didn’t do as he only answered a couple of them with the same drivel she had put out before. The members didn’t take kindly to my not believing his answers.
When the latest update was posted at MMG, the member who posted it was taking a big risk of having the other members turning on him/her.
There are still who believe as you have pointed out Oz and they sadly will always believe WWS was real and doing good works. Of course that is not the reason why they joined, but it made them feel good.
As I said, this is really going to get ugly in the coming weeks and all the pain, suffering and hardships the members will experience that WWS will have caused to their members.
Marelize can try to shift the blame all she wants, but the reality is this is all her doing and her sons. I just pray the authorities find the stashed cash and return it to the true victims of WWS.
Can anyone think of a single “legal advocate” or lawyer, paralegal or even an advocates’ office who would stop doing the job for which they are being paid and allow themselves to be bogged down answering emails ???
look at the nerve of this person, threatening her affiliates, after Not Paying them in ages!!
does she realize a judge wont be happy reading all this, in court, when she’s tried and fried criminally?
Its looking ugly, makes no sense asking members for personal information when this is dead and not paying.
who in their right mind would send items that could lead to identity theft to South Africa where lots of organized crime is committed.
Also the sudden shut down of the website leads me to believe that this was ORDERED shut and ended and she is not coming clean on why she shut it down.
Here is the latest update from Marelize:
So basically in response to a regulatory investigation, Marelize has first sent in the identity documents of her investors.
Now she’s looking to bullshit regulators by getting said investors to sign offer documents, which will no doubt fail to accurately represent her $20 in, $40 out Ponzi scheme.
And what’s this crap about a “closed-circle” membership. Ponzi schemes need new funds flowing in to survive.
This clearly isn’t about WWZ restarting, it’s about Marelize keeping herself out of jail.
Oz:
While I agree with you this is about her trying to keep herself out of jail, what is going to be most telling to the authorities is all the people who did not send in the required documentation.
It clearly demonstrates this was about the 5% weekly promised payout not about “helping the children.” I think she only got close to 35% of the membership to send in the docs.
What is going to be most interesting is how many of the 35%, or whatever percentage it was, who did submit the documents will sign and submit these next set of documents.
While they may have been willing to send the first set, I don’t think they will all be willing to send in the next set of documents. My guess is this number will be less than 50%. Further demonstrating to the authorities this was not about “the children” but about the 5% weekly rate of return.
Marelize has released another update, but not going to post the entire update as most of it just more mumbo-jumbo, but this I did want to share:
Bottom line is if STP has frozen your account, you are in deep doo-doo. This notion WWSz is coming back is just stringing people along hoping she can keep as many as possible from the remaining believing members from going to the authorities.
All this nonsense about WWSz coming back is just utter BS. She just can’t face the reality this is over and be honest with her members.
So much for such an honest, loving and caring admin and an open, transparent and legal company.
it’s funny how she’s blaming STP for ‘coming into compliance’ with wwz scam instead of the scam ‘coming into compliance’ with the rest of the world which is too late now.
STP is just a processor, they are not running the scam. she just needs to scam a few more bucks before the end, as you said before Lynn, to pay for her atty.
Marelize is still playing WWSz is going to come back game, but things are not going well.
It seems the remaining members who sent in the first set of docs are not completing the second set of docs correctly, so she had to send out another Email reminding them of how to properly complete them.
At the rate this is going she will be lucky if 50% of those remaining do complete the documents correctly and submit them.
Of course when she has to admit that it’s over, it will be the members fault for not complying with all the document requests and submitting them on time.
We are now in “this is the pathetic stage” of this failed program. So much for honesty, integrity, and totally transparency she likes to claim she and WWSz have been about all along.
Hard to say how many die-hards are still onboard with her and believe her, but it is nowhere near the peak of this programs members.