The Prosperity Community Review: BitDollarz Ponzi points
Prosperity Community initially began life in 2014 as “Dollars Want Me”.
The company was then renamed and relaunched as The Prosperity Community about ten months ago.
On the Prosperity Community website, Matthew E. Alleyne is identified as Founder of the company.
The Prosperity Community itself claims to be ‘owned by Dwmas Ltd from Cyprus, a company within the self-help education industry‘.
According to his LinkedIn profile, Matthew Alleyne (right) is based out of Oslo in Norway. This is likely where The Prosperity Community is actually being run out of.
Prior to The Prosperity Community, Alleyne was selling local furniture store franchises. Through Alleyne Consulting, he then reinvented himself as a business and success coach.
Alleyne Consulting is a 360 degree consulting firm!
The world of business is evolving and Matthew has an essential global network of business contacts to assist your company with all services you need to be profitable and successful. (alleynemrfix.com)
The Prosperity Community appears to be Alleyne’s first MLM venture.
Read on for a full review of The Prosperity Community MLM opportunity.
The Prosperity Community Product Line
The Prosperity Community has no retailable products or services, with affiliates only able to market The Prosperity Community affiliate membership itself.
Bundled with The Prosperity Community affiliate membership is access to the “Dollars Want Me” platform.
This includes a Dollars Want Me book, an audiobook, a “7 day action guide”, access to a “mastermind group” and “much much more”.
The Prosperity Community affiliates are also given access to ShopEazi, a cash back offers platform.
The Prosperity Community Compensation Plan
The Prosperity Community sees affiliates invest in “Funder” packages. Commissions are paid when affiliates recruit others who do the same.
The Prosperity Community also operate an internal points-based investment scheme, which affiliates are able to invest and earn a ROI through.
The Prosperity Community affiliates are paid to recruit new affiliates via a unilevel compensation structure.
A unilevel compensation structure places a The Prosperity Community affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 2 and so on and so forth down a theoretical infinite number of levels.
The Prosperity Community cap payable unilevel levels at seven, with affiliates paid a percentage of fees paid by newly recruited affiliates as follows:
- level 1 (personally recruited affiliates) – 10%
- levels 2 and 3 – 10%
- levels 4 to 7 – 5%
Each The Prosperity Community affiliate package pays a weekly passive ROI.
How much of a ROI is paid out is determined by how much a The Prosperity Community affiliate spends on their affiliate membership:
- Funder ($495) – $13.50 a week
- Funder Plus ($995) – $28.50 a week
- Funder Pro ($2995) – $88.50 a week
BitDollarz is an internal points-based investment scheme operated by The Prosperity Community.
The Prosperity Community affiliates receive BitDollarz when they sign up and are also able to invest funds directly into BitDollarz points.
How much BitDollarz new The Prosperity Community affiliates receive is not disclosed on The Prosperity Community website.
BitDollarz are invested in and withdrawn based on the current value, set by The Prosperity Community.
The Prosperity Community do not disclose the current value of BitDollarz on their website. The Prosperity Community marketing material does however state ‘the value of BitDollarz increases as more (The Prosperity Community) memberships are sold‘.
Referral commissions are available on funds invested into BitDollarz by recruited affiliates. These commissions are paid out via the same unilevel compensation structure used to pay recruitment commissions.
30% of all commissions The Prosperity Community pay out must be reinvested into BitDollarz.
Joining The Prosperity Community
Affiliate membership with the Prosperity Community is tied to the purchase of one of three affiliate packages:
- Funder – $495
- Funder Plus – $995
- Funder Pro – $2995
The primary difference between the above packages is income potential through The Prosperity Community compensation plan.
The Prosperity Community claim their BitDollarz are “most likely to be the new Bitcoin”.
The reality is BitDollarz are a points-based virtual currency that holds no value outside of The Prosperity Community MLM opportunity.
What’s worse is the only identifiable value for BitDollarz is investment into The Prosperity Community itself.
The value of BitDollarz increases as more (The Prosperity Community) memberships are sold.
This of course makes any BitDollarz withdrawals newly invested funds used to pay off existing investors, which qualifies The Prosperity Community as a Ponzi scheme.
The rest of The Prosperity Community compensation plan is a combination of pyramid recruitment and weekly Ponzi ROIs.
The Prosperity Community affiliates are paid to recruit new affiliates, with commissions paid out of fees new affiliates pay to join. BitDollarz referral commissions also serve as a marketing tool to encourage new affiliate investment.
The weekly ROIs paid out again have no verifiable external source of revenue, other than affiliate membership fees and BitDollarz investment.
Which means once again newly invested funds are being used to pay off existing investors.
As with all Ponzi schemes, once new affiliate recruitment dies down so too will new funds entering the scheme. This will eventually see The Prosperity Community unable to meet it’s weekly ROI obligations.
BitDollarz withdrawal requests will be denied, as withdrawal requests on points that only ever increase in value are in no way sustainable.
Unfortunately by that stage The Prosperity Community management and early adopters will have withdrawn the lion’s share of invested funds, meaning everybody else (the majority of affiliates) loses out.