BizNet College Review: Bob Wood reboots Nexxus University

Mar.02, 2025 in MLM Reviews

BizNet College operates in the cryptocurrency MLM niche.

Bob Wood (aka Robert Wood) is cited as CEO on BizNet College’s website.

Wood (right) first appeared on BehindMLM’s radar as the President of CloudZow in 2012. In 2013 Wood reappeared as Chief Technical Officer of Zazzed.

In 2015 Wood transitioned to cryptocurrency as CEO of Global Currency Reserve.

Global Currency Reserve, or GCR, was an MLM crypto mining scheme built around its GCR shitcoin.

GCR was going by GCR Marketing when it collapsed in January 2016. Nexxus University was announced as a stand-alone MLM opportunity shortly thereafter.

Nexxus University was an MLM pyramid scheme tied to the sale of unaccredited cryptocurrency courses. Nexxus University affiliate membership also provided access to Nexxus Coin, another shitcoin that went nowhere.

While Nexxus University’s website is still up, the MLM opportunity collapsed years ago. This brings us to BizNet College.

BizNet College marketing documents suggest it’s a reboot of Nexxus University.

BizNet College’s website domain (“biznet.college”), was registered on May 30th, 2023. The private registration was last updated on May 26th, 2024.

BizNet College doesn’t provide a corporate address on its website, however from its Policies and Procedures;

The laws of Texas shall govern all other matters relating to or arising from the Agreement.

Notwithstanding the foregoing, and the arbitration provision in this Agreement, residents of the State of Louisiana shall be entitled to bring an action against BIZNET in their home forum and pursuant to Louisiana law.

Read on for a full review of BizNet College’s MLM opportunity.

BizNet College’s Products

BizNet College markets various cryptocurrency courses:

Enlightenment Court – $10 a month for “an introductory court providing a basic overview”
History of Money Course – $20 a month to “learn about money vs. currency, stolen wealth [and] financial bondage”
All Court Bundle – $40 a month to add “the bitcoin solution” and “understanding cryptocurrency”
All Courses Plus CCS Certification Exam – $80 a month to add “certified cryptocurrency specialist exam and certification”

BizNet College’s Compensation Plan

BizNet College affiliates sign up and pay ongoing monthly membership fees.

$50 Enrollment Package and then $10 a month
$100 Enrollment Package and then $20 a month
$130 Premium Enrollment Package and then $40 a month
$180 Premium Enrollment Package and then $80 a month

BizNet’s compensation plan pays out on recruitment of affiliates who do the same.

Recruitment Commissions

BizNet College pays recruitment commissions via a 3×5 matrix.

A 3×5 matrix places an affiliate at the top of a matrix with three positions directly under them:

These three positions make up up the first level of the matrix. The second level of the matrix is generated by splitting these positions into another three positions each (nine positions).

Levels three to five of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.

Positions in the matrix are filled via direct and indirect recruitment of BizNet College affiliates.

Recruitment commissions are paid per position filled as follows:

level 1 (3 positions to fill) – $25 per affiliate recruited
level 2 (9 positions to fill) – $10 per affiliate recruited
level 3 (27 positions to fill) – $5 per affiliate recruited
level 4 (81 positions to fill) – $5 per affiliate recruited
level 5 (243 positions to fill) – $5 per affiliate recruited

Residual Recruitment Commissions

BizNet College pays residual recruitment commissions via a 3×7 matrix.

A 3×7 matrix expands on a 3×5 matrix by adding two additional levels (see “Recruitment Commissions” above for matrix structure explanation).

Each BizNet College affiliate membership tier corresponds with its own matrix tier. These tiers are unlocked based on how much a BizNet College affiliate pays in fees each month.

$50 Enrollment Package and then $10 a month = 10% on level 1, 20% on level 2, 5% on levels 3 to 6 and 10% on level 7
$100 Enrollment Package and then $20 a month = 5% on levels 1 to 6 and 10% on level 7
$130 Premium Enrollment Package and then $40 a month = 5% on levels 1 to 6 and 10% on level 7
$180 Premium Enrollment Package and then $80 a month = 5% on levels 1 to 6 and 10% on level 7

Matching Bonus

BizNet College pays a Matching Bonus on recruitment commissions paid to downline affiliates via what appears to be an odd 15×5 matrix structure (new levels multiplied by three instead of fifteen).

This matrix is filled only by personally recruited affiliates paying $20 a month or higher:

level 1 – recruit three affiliates to unlock and receive a 10% match
level 2 – recruit six affiliates to unlock and receive a 15% match
level 3 – recruit nine affiliates to unlock and receive a 20% match
level 4 – recruit twelve affiliates to unlock and receive a 25% match
level 5 – recruit fifteen affiliates to unlock and receive a 30% match

Partner Program

BizNet College affiliates who generate a downline of five thousand fee-paying affiliates (max 1700 from any one recruitment leg), qualify as a “Field Advisory Board Member”.

Field Advisory Board Members receive a share in 10% of BizNet College’s monthly company-wide revenue.

Joining BizNet College

BizNet College affiliate membership costs $50 to $180:

$50 Enrollment Package and then $10 a month
$100 Enrollment Package and then $20 a month
$130 Premium Enrollment Package and then $40 a month
$180 Premium Enrollment Package and then $80 a month

From BizNet College’s website;

Enrollment Package includes Personal Dreamboard, Refer-A-Friend System, Dream Tracker, Personal Development, Wealth Builder, Leadership Treasure Chest, 3×7 Affiliate Team.

Premium Enrollment Package includes the Regular Enrollment Package plus a Comprehensive Library of Motivational and Leadership Audio Books and eBooks.

BizNet College Conclusion

On its website BizNet College markets itself as a “member-driven co-operative group dedicated to improving the way money and the world works!”

“Member-driven” is key here, as BizNet College is yet another retail absent pyramid scheme from Bob Wood.

While BizNet College affiliates can sell the company’s crypto education courses to retail customers, no commissions are generated as per BizNet College’s compensation plan.

BizNet College’s compensation plan only pays out on recruitment, making it a clear-cut MLM pyramid scheme.

On BizNet’s College’s crypto courses, Wood has been selling the courses or slight variations since at least 2016 through Nexxus University.

We’ve seen the model fail, primarily because paying for crypto courses written by who knows who didn’t make sense in 2016 – and doesn’t make sense in 2025.

Losing money through scams to scammers is pretty much all retail crypto is good for. And all that’s changed over the past ten years it the marketing ruse this happens through.

Crypto mining, crypto trading, NFTs, AI etc. Today retail crypto can be summed up as memecoin Ponzi factories openly committing financial fraud, under the ruse of unregistered gambling.

No need to pay hundreds of dollars or monthly fees, I’ve summed up all you need to know about retail crypto at no cost.

Also I wasn’t keen on Nexxus University using the term “university” when it wasn’t…

I’ve got nothing against people educating themselves on cryptocurrency, but an unaccredited “education course” provided by a company with the word “university” in its name is pretty misleading.

…and the same is true of BizNet College using the term “college”.

These are deliberately deceptive naming ploys. Nexxus University isn’t a university, and BizNet College isn’t a college.

As with all MLM pyramid schemes, once affiliate recruitment inevitably dries up so too will commissions.

This will see those at the bottom of the pyramid scheme stop paying monthly fees. This in turn will see those above them stop getting paid.

Unless new suckers are quickly found, eventually these affiliates also stop paying monthly fees.

When enough BizNet College affiliates stop paying monthly fees, an irreversible collapse is triggered.

BizNet College’s website traffic declined from less than a thousand monthly visits in November 2024, to traffic to low for SimilarWeb to track as of January 2025.

For any MLM company this isn’t sustainable, so there’s a good chance BizNet College has already collapsed.

Thanks for reading! Please consider supporting BehindMLM's commitment to independent MLM journalism and consumer awareness:

2 Comments on “BizNet College Review: Bob Wood reboots Nexxus University”

Danny de Hek

Mar 3rd, 2025 at 3:21 am (Q)

Bob wrote to me on LinkedIn telling me he wasn’t a scammer great big long PDF so I replied with The Great big long PDF as well

Hey Bob,

I’ve gone through your response, and while I appreciate you taking the time to address my concerns, your arguments don’t actually refute the major red flags surrounding BizNet College.

Instead, you’ve spent most of your response trying to discredit my research rather than providing solid proof that your platform is legitimate. So let’s break this down.

1. The “Guilt by Association” Argument Doesn’t Hold Up You say I’m unfairly linking Marshonda Henderson to BizNet College as if her past involvement in shady schemes is irrelevant.

But here’s the thing, Bob—Marshonda has a long history of promoting failed MLM and Ponzi-style scams, including Trade Technologies and CoopCrowd. Now, she’s promoting BizNet College.

That’s not just “guilt by association.” That’s a pattern.

If BizNet College were truly a legitimate financial education platform, why does it attract the same MLM promoters who have previously pushed failed and questionable schemes?

That’s a fair question, and your response completely dodges it.

2. The AI Argument is a Convenient Deflection

You claim I manipulated an AI bot to produce a negative response about Marshonda. That’s laughable.

My research wasn’t based on AI-generated content—it was based on publicly available information, including your own claims, Marshonda’s history, and BizNet College’s marketing.

Let’s be real—your AI argument is just a way to distract from the actual concerns I raised. If my findings were inaccurate, you’d have fact-based rebuttals instead of blaming AI.

3. Your Resume is Packed With Claims But Lacks Proof

You insist that I didn’t research your background—yet you provide zero third-party verification to back up your own claims.

You say you:

Worked at Microsoft from 1990 to 1995 as a Senior Technology Consultant.

Spoke at cryptocurrency conferences across the U.S.

Consulted for over 50 network marketing companies.

Helped investigate MLM crypto scams like OneCoin and worked with the SEC.

Bob, anyone can say these things. Where’s the proof?

• No employment records, verifiable references, or independent sources back up your Microsoft claim.

• No public talks, conference footage, or articles confirm your cryptocurrency expertise.

• Your involvement with Global Currency Reserve (GCR) is a big red flag. That was a failed MLM crypto scheme, and your role wasn’t just as a consultant—you built their system.

You want to be seen as an industry expert, but without verifiable evidence, these are just claims on a PDF.

4. BizNet College’s MLM Model is Clear, No Matter How You Spin It You say BizNet College isn’t MLM because commissions are paid on educational package sales, not
recruitment.

Bob, we both know this is MLM 101.

• People don’t join for the “education”—they join to make money.

• Your compensation structure encourages affiliates to bring in more people rather than focus on real education.

• This is exactly how classic MLMs disguise recruitment-based models as product-based businesses.

If BizNet College was just an education platform, why does it need an affiliate system at all?

5. The CCS Certification is Worthless

You openly admit that the Certified Cryptocurrency Specialist (CCS) certification isn’t accredited. So let’s be honest—it has no real value.

If a certification isn’t recognized in the industry, then it’s just a marketing gimmick designed to make your courses seem more legitimate than they really are.

You’re charging people for a certificate that doesn’t mean anything outside of BizNet College. That’s misleading, Bob.

6. The Scholarship Program is Suspiciously Vague

You claim the BizNet Scholarship Program is detailed in a “back-office document.”

Bob, if this was a real, transparent program, why isn’t it clearly outlined on the public website?

Without:

Clear eligibility criteria, A list of past recipients, Proof that these scholarships are actually being awarded, …it’s just another marketing tactic to build credibility without delivering real value.

7. The Anti-Government Narrative is a Classic Crypto MLM Playbook Move

You proudly admit that BizNet College promotes distrust in government financial systems and teaches people to take back control of their money.

Bob, this is straight out of the crypto MLM scam playbook.

• This is exactly how OneCoin, BitConnect, and countless other scams convinced people to invest.

• Scammers use anti-government rhetoric to create a false sense of urgency and distrust in traditional finance—pushing people toward unregulated, high-risk “opportunities.”

If BizNet College wasn’t MLM, why does it use the same fear-based marketing tactics that crypto Ponzi schemes use?

8. Digital Dreamboards and Storyboards – Just More Fluff

You claim the Storyboard platform is a social media tool you developed in 2020.

Bob, if this tool was actually useful or successful, there would be:

• Real adoption,

• External reviews,

• Evidence that people outside of BizNet College are using it.

Instead, it looks like another filler product to justify high fees.

Final Thoughts: You Didn’t Actually Address the Real Issues

Bob, your response doesn’t clear BizNet College of being an MLM scam. Instead, it:

Deflects blame (AI argument, guilt by association claim).

Provides no proof for your own credentials.

Fails to address how BizNet College’s structure mirrors classic MLM tactics.

Openly admits that the CCS certification is meaningless.

Dodges transparency on the scholarship program.

Uses crypto scam rhetoric about financial independence and anti-government narratives.

So here’s my challenge to you:

If BizNet College is truly not an MLM scam, then prove it.

1. are structured.

2. 3. affiliates.

4. and past winners.

5. Publish your full compensation plan publicly—let people see exactly how earnings speaking engagements, SEC work).

Provide third-party verification of your credentials (Microsoft, cryptocurrency

Show evidence of real student success stories—not just testimonials from

Make your scholarship program fully transparent with public selection criteria

Stop using classic crypto MLM rhetoric to market your platform.

Until then, BizNet College looks exactly like the MLM schemes you claim to have exposed.

And Bob, if you’re truly in this for financial education and not recruitment, why do the same MLM bottom-feeders keep flocking to your program?

Mar 3rd, 2025 at 8:41 am (Q)

Denying BizNet College is an MLM company is pretty stupid. That alone is a flat-out lie.

BizNet College Review: Bob Wood reboots Nexxus University

BizNet College’s Products