Crypto Wealth Fund Review: Invest $500,000 and make 17% a week?
There is no information on the Crypto Wealth Fund website indicating who owns or runs the business.
The Crypto Wealth Fund website (“cryptowealthfund.com”) was privately registered on November 2nd, 2016.
The official Crypto Wealth Fund Facebook group lists one admin, Ahmad Shiekh.
The Ahmad Shiekh account appears to be fake, having only started posting (mostly copied content) from November 3rd, 2016 (the day after the Crypto Wealth Fund website domain was registered).
Prior to November 3rd the only content on the account is a cover photo change in 2016. This lack of content is typical of purchased Facebook accounts.
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 Crypto Wealth Fund Product Line
Crypto Wealth Fund has no retailable products or services, with affiliates only able to market Crypto Wealth Fund affiliate membership itself.
The Crypto Wealth Fund Compensation Plan
Crypto Wealth Fund affiliates invest $10 to $500,000 on the promise of a weekly or daily ROI.
How much of a ROI is paid out is determined by which Crypto Wealth Fund plan an affiliate invests in:
- Standard Plan – invest $10 to $50,000 and receive a 4% daily ROI for 45 days (128%)
- Premium Plan – invest $50 to $500,000 and receive a 5% daily ROI for 30 days (110%)
- Deluxe Plan – invest $100 to $500,000 and receive a 7% daily ROI for 24 days (126%)
- Fortune Plan – invest $200 to $500,000 and receive a 17% weekly ROI for 365 days (886%)
Referral commissions are available on funds invested by recruited affiliates, paid out down three levels of recruitment (unilevel):
- 10% on level 1 (personally recruited affiliates)
- 3% on level 2 and
- 2% on level 3
Joining Crypto Wealth Fund
Crypto Wealth Fund affiliate membership is free, however affiliates must invest between $10 to $500,000 to participate in the full income opportunity.
Crypto Wealth affiliates who don’t invest only earn a 10% level 1 referral commission.
Crypto Wealth Fund claim their ROI payments are sourced from cryptocurrency mining:
CWF is a Dubai based mining and wealth managment [sic] company , whose members receive income from their investments from 4% to 7% Daily (depending on the plan chosen) in a short period of time.
Naturally there’s no proof of any mining taking place provided, with the only verifiable source of revenue entering the company being affiliate investment.
Crypto Wealth Fund’s claims also don’t pass the Ponzi sniff test.
If the anonymous admin(s) running Crypto Wealth Fund were able to consistently generate a daily ROI of up to 7% (that’s 49% a week), even a small capital amount would soon make them rich.
The reality is that all Crypto Wealth Fund are doing is recycling newly invested funds to pay off existing investors, making it a Ponzi scheme.
Once affiliate recruitment dies down so too will new funds entering the scheme. Once what’s invested runs out, Crypto Wealth Fund collapses and the majority of affiliates lose money.