OPM Wealth Review: Using credit to join a pyramid scheme
OPM Wealth disclose nothing about the opportunity on their website.
The entire site is basically a capture page, pitching visitors on the usual promises of riches.
In OPM Wealth’s case, they’re pitching “12 weeks to six figures annually”.
This isn’t going to be a standard review because there’s not really much to OPM Wealth.
There’s no retail side to the business, 100% of commissions are tied to recruitment. Part of the deal appears to be credit and loan fraud, and payments within OPM Wealth are made in bitcoin.
In a nutshell you sign up for OPM Wealth membership:
- Hermes ($2000)
- Apollo ($5000)
- Athena ($8500)
- Poseidon ($14500)
- Zeus ($27500)
You have to buy in each tier to earn off it. Commissions are paid when you recruit other affiliates who also buy in.
Commissions are two levels deep (unilevel), paying 60% on level 1 and 10% on level 2.
One of the main marketing focuses of OPM Wealth is the use of “other people’s money” to sign up.
That means getting a loan, which of course OPM Wealth’s “coaches” are standing by to help you with.
In a nutshell you’ll pay someone to fix your credit score, then use that score to obtain a loan to fund your OPM Wealth membership.
Of course you’re not going to tell whoever you obtain the loan from that you want the money to join a pyramid scheme, and so the idea is OPM Wealth affiliates obtain loans via deception.
But hey, when pyramid schemes themselves are illegal, what’s a little credit fraud on the side.
Heading up OPM Wealth is Stefan Dessalines (right).
Dessalines is unlikely to be working alone (Jeremy Miner?), but none of that’s disclosed on OPM Wealth’s website.
Dessalines appears in OPM Wealth’s marketing videos, so he’s pretty much the public face of the company.
I had a look into his background and didn’t find anything remarkable. Dessalines seems to have been trying to make it as a digital marketer for some time.
The precursor to OPM Wealth appears to be a May 29th video titled “OPM Video How It Works”.
Update 9th March 2021 – I’d previously linked to the “OPM Video How It Works” video referenced above.
As of March 8th, 2021, the video has been pulled from YouTube. /end update
In the video Dessalines attempts to convince the viewer he knows something about the “3 categories of business”; dating/sex, weight loss and money.
Obviously that didn’t pan out, and so we have the pyramid scheme OPM Wealth.
I guess Dessalines is trying to make a name for himself as the next Michael Force or Matt Lloyd.
And that’s an important take-away, because OPM Wealth is basically Digital Altitude and MOBE with bitcoin.
It’s the same promise of riches, “let our coaches close for you” marketing, get a loan to join pitch.
The same pitch that saw thousands collectively lose hundreds of millions in MOBE and Digital Altitude.
You know how this ends. OPM Wealth will chug along until recruitment tanks.
If the FTC gets involved, by then the usual suspects will have made their money and moved onto the next scam.
Stefan Dessalines and whoever he’s working with will take the fall and follow in Force’s and Lloyd’s footsteps as the next digital marketing pariahs.
You, the victim, won’t see any of your money. Or if you’re lucky in five or six years you might get a small percentage of it back.
It’s far easier to just not sign up for garbage like OPM Wealth in the first place.
Don’t just take my word for it though.
Find someone who lost money in Digital Altitude and MOBE and get their opinion. You’ll be surprised at the similarities.
Good morning,
I have read your review and would like to know what brought you to these conclusions? Are you a member of OPM and Plutus? I am, and have done very well so far. They have a large team of people that really seem to deliver.
I was also part of DA and do admit, they really took my money with what seemed like, no desire to deliver me anything.
With OPM, they have started driving traffic for me and I see new leads every day. I am able to download my list and use it anywhere, I also am able to see everytime they speak to someone for me.
They have a crypto trading live training that to me has been worth the high ticket too, I am learning how to trade for myself.
Also, I had one member that didn’t have the money to join. He is using their free joining method where he can make sales without paying up front, so the writing is incorrect there.
Please respond as I would like to hear your thoughts.
Thanks,
Jack Camp
Yep, Justin Verrengia is pimping this one…
OPM Wealth’s business model.
Making money in a pyramid scheme doesn’t justify scamming. Neither do you have to be in a pyramid scheme to identify one.
Of course you were, because OPM Wealth is a DA/MOBE clone. It’s going to attract the same type of scammers (and hopefully FTC attention, this time around before it’s far too late).
That’s nice. Doesn’t change the fact OPM Wealth is a pyramid scheme in which the majority of participants are guaranteed to lose money.
That’s nice. Doesn’t change the fact OPM Wealth is a pyramid scheme in which the majority of participants are guaranteed to lose money.
Scamming others and getting them to pay your entrance fee in lieu of commissions is materially no different to you paying the fee yourself.
It also doesn’t change the fact OPM Wealth is a pyramid scheme in which the majority of participants are guaranteed to lose money.
My, you really hit all the scripted marketing points. Anything else?
Jeremy Miner had the behind the scenes sales teams for Digital Altitude and Tecademics.
He tries to come across as a legitimate sales trainer, but these schemes are his bread and butter.
Wiping people clean of $25,000 – $65,000 is quite a skill. He’s a master. He also works very closely with Justin Verrengia. Or vice versa. Another master of manipulation.
Tom the furry hat fraud is pimping this one now. How sad people never learn. None of these schemes are any different from the rest.
Latest headline from pimp shyster Justin Verrengia and up and coming schemer Cory Reynolds
How can we get the FTC and SEC on these criminals?
You can’t use the free joining method to make money.
If you don’t buy at least the Hermes ($2000), you don’t get pass the 3rd step. And since this scheme is a “pay to play”, if you don’t buy you don’t make commissions on what the sales team sells, they will all be passups to your sponsor.
Can’t really comment too much on this but have just watched the first 3 videos. What struck me was the similarity to MOBE and that’s more than enough reason not too join.
I saw plenty of people manipulated, coerced or whatever you want to call it into overreaching themselfs finanicially and consequently ending up in serious debt.
There’s a new schemer to OPM named Clay Montgomery. He is the classic case of old guy who can’t get laid in the USA because he scammed so many people so he found a woman in the Philippines (Ruby Joy Aporbo) to pay his bills for awhile as he set up his next big hit.
So today he launches – AutomatedSystemsRock.com
With pictures of a 5,000 sq ft mansion
Bragging about how great it is.
Testimonials from Justin Verrengia and Mack Mills.
Gee. Where can I sign up?
Well I was looking at getting into OPM! So are you going by what other companies did that were rip offs?
… What do you have to offer please?
This review is based on OPM Wealth’s business model and comp plan.
OPM Wealth’s business model in and of itself is fraudulent (pyramid scheme). Other companies are only mentioned to compare.
As always, just the facts.
Tony Mariano. Please kiss your $25,000 goodbye if you join. It may be “Other People’s Money” , but, ultimately, you’ll be left holding the bag.
Who’s your thief? I mean … who’s your sponsor? Justin Verrengia? Mack Mills? Alex Zubarev? James D’Alesandro? Clay Montgomery? Chuck Marshall?
Thanks Bro you nailed it.
These mlm guys are total hacks.
Thank you for steering me clear of this. I just backed out on my own after getting very close to joining. I emailed them and told them it seemed like a Ponzi scheme thinly veiled by excellent self improvement and financial education training videos….
I told them if they could convincingly demonstrate to me it was not a Ponzi scheme I might reconsider joining. Here’s the reply I got from them:
That’s all you need to hear to confirm OPM Wealth is a pyramid scheme.
A legitimate business won’t have any trouble explaining to you exactly why they aren’t a pyramid scheme.
Oh and pyramid schemes are very much illegal.
The videos alone they make you watch are a dead give away.
I threw up a few times during the second stage vid, then when I heard about the 48hr action taker bonus membership I lost all control!
I have to admit, they do make you feel like giving them thousands of dollars up until they start trying to shame u for not giving yourself the life u and your family deserve. I thought that sales tactic was only used by a used car salesman.
As much as I wish there was a program out there that helped people earn the money they need to support their families and their dreams, this isn’t it.
Looks like Adam Holland Marketing is signed up under the Furry Hat Guy to promote this scheme.
He’s amazing in YouTube marketing and a lot of people will be crushed financially with this one.
A lot of people will also be sued by the FTC if they are successful in recruiting victims into this pyramid scheme.
Adam Holland and Adam Holland Marketing cannot be trusted since their greed has made them go to the dark side of scamming.
I am also OPM wealth member, I lost over $35,000 or so, can’t remember exactly now. I took Zeus plan plus traffic charges.
After that transaction good bye to my personal money.
The so called using others money is just a front to be book up. I really thought thats how I will get my investment, but not happened.
I don’t know if some investor able to withdraw back their money? Please let me know if anyone able to get back their money, how and who to contact.
Thanks in advance all,
Henry
If you “lost $35,000” then you already know you can’t “withdraw back” your money. That’s not how scams work.
Your best bet is filing a complaint with the SEC and giving them as much information as possible.