Money Exchanger provide no information on their website about who owns or runs the business.

The Money Exchanger website domain (“moneyexchanger.biz”) was registered on April 7th, 2017.

Obakeng Morake (right) is listed as the owner, through an incomplete address in South Africa.

In 2016 Morake was promoting the WeShare Crowdfunding gifting scheme.

Launched in mid 2015, by mid 2016 WeShare Crowdfunding had collapsed.

Read on for a full review of the Money Exchanger MLM opportunity.

Money Exchanger Products

Money Exchanger has no retailable products or services, with affiliates only able to market Money Exchanger affiliate membership itself.

The Money Exchanger Compensation Plan

Money Exchanger affiliates gift USD, South African Rand or Nigerian Naira to each other via a 2×5 matrix.

A 2×5 matrix places an affiliate at the top of a matrix, with two positions directly under them:

These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).

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

A Money Exchanger affiliate signs up and gifts USD, South African Rand or Nigerian Naira to an existing Money Exchanger affiliate.

This payment in turn qualifies the affiliate to receive gifting payments from two affiliates recruited into the first level of their matrix.

Levels two to five of the matrix operate in the same manner, each requiring a gifting payment made prior to receiving payments from other Money Exchanger affiliates.

The Money Exchanger compensation plan appears to consist of three matrix systems, each tied to a specific currency.

USD

  • level 1 – gift $10 to an existing Money Exchanger affiliate and receive $10 from two subsequently recruited affiliates
  • level 2 – gift $15 and receive $15 from four affiliates
  • level 3 – gift $40 and receive $40 from eight affiliates
  • level 4 – gift $80 and receive $80 from sixteen affiliates
  • level 5 – gift $150 and receive $150 from thirty-two affiliates

South African Rand

  • level 1 – gift R100 to an existing Money Exchanger affiliate and receive R100 from two subsequently recruited affiliates
  • level 2 – gift R150 and receive R150 from four affiliates
  • level 3 – gift R400 and receive R40 from eight affiliates
  • level 4 – gift R800 and receive R80 from sixteen affiliates
  • level 5 – gift R1500 and receive R150 from thirty-two affiliates

Nigerian Naira

  • level 1 – gift ₦3000 to an existing Money Exchanger affiliate and receive ₦3000 from two subsequently recruited affiliates
  • level 2 – gift ₦4500 and receive ₦4500 from four affiliates
  • level 3 – gift ₦13,000 and receive ₦13,000 from eight affiliates
  • level 4 – gift ₦26,000 and receive ₦26,000 from sixteen affiliates
  • level 5 – gift ₦48,000 and receive ₦48,000 from thirty-two affiliates

Joining Money Exchanger

Money Exchanger affiliate membership is free, however affiliates must gift at least $10 USD, R150 ZAR or ₦3000 NGN to participate in the attached income opportunity.

Conclusion

Having likely lost money in WeShare Crowdfunding and perhaps more recent matrix-based gifting schemes that have spread across Africa of late, Obakeng Morake has launched his very own gifting scam.

The reason is simple enough; the admins of such schemes are typically the only participants to make any real money.

This is due to preloaded positions, which guarantee the admin holds the first positions to unlock upper tiers of the matrix.

Through gifting passups at each matrix level the admin thus receives the lion’s share of deposited funds, ultimately leaving the majority of affiliates with a loss.

Money Exchanger will play out no differently. As soon as affiliate recruitment slows down, kaboom.