Ueconomy Review: $52,495 to $100,000+ cash gifting
Ueconomy provide no information on their website about who owns or runs the business.
The Ueconomy website domain (“ueconomy.com”) was privately registered on March 12th, 2017.
Further research reveals Ueconomy affiliates naming Peter Wolfing as owner of the company. Perusal of Wolfing’s social media profiles reveals Ueconomy marketing.
It seems Wolfing’s original name for the company was “E-Economy” back in April:
Peter Wolfing first appeared on BehindMLM’s radar back in 2012, as the admin of Turbo Cycler ($200-$1000 matrix-based Ponzi scheme).
Other MLM underbelly schemes launched by Wolfing over the years include Turbo Cycler (cash gifting), Ultimate Cycler (Ponzi cycler), Business Toolbox (chain-recruitment), Infinity 100 (cash gifting), National Wealth Center (cash gifting) and Pay Me Forward (cash gifting).
Despite being launched in 2013 and long-since collapsed, in 2016 Ultimate Cycler Ultimate was revived by Nigerian scammers. Wolfing redesigned the Ultimate Cycler website to cater to Nigerian affiliates and rode the wave.
Alexa traffic estimates for the Ultimate Cycler website reveal recruitment stalled early March, likely prompting a collapse. This is likely why Wolfing is launching yet another MLM underbelly scheme.
Read on for a full review of the Ueconomy MLM opportunity.
Ueconomy has no retailable products or services, with affiliates only able to market Ueconomy affiliate membership itself.
Ueconomy affiliate membership provides access to U-Marketplace, an e-commerce platform, as well as internet marketing tools and training.
The Ueconomy Compensation Plan
Ueconomy affiliates gift funds to each other via two-tiers of gifting. Recruitment commissions are also paid out of monthly affiliate fees.
Each Ueconomy affiliate must pay a $49.95 a month fee. This fee is used to pay recruitment commissions via a unilevel compensation structure.
A unilevel compensation structure places an 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 3 and so on and so forth down a theoretical infinite number of levels.
Ueconomy cap payable unilevel levels at twelve, with commissions paid out per level as follows:
- level 1 (personally recruited affiliates) – $7 per affiliate recruited
- levels 2 and 3 – $3 per affiliate recruited
- level 4 – $5 per affiliate recruited
- level 5 – $2 per affiliate recruited
- level 6 – $6 per affiliate recruited
- level 7 – $7 per affiliate recruited
- level 8 – $2 per affiliate recruited
- level 9 – $3 per affiliate recruited
- level 10 – $2 per affiliate recruited
- levels 11 and 12 – $1 per affiliate recruited
U-Marketplace commissions are split into four tiers: $25, $100, $250 and $500.
When personally recruited affiliates pay U-Marketplace fees, funds are gifted to the affiliate who recruited them via a 1-up compensation structure.
A 1-up compensation structure generates a commission on any fees the first affiliate recruited pays.
The second affiliate recruited is passed up to the first upline affiliate (the affiliate who recruited the affiliate who recruited the affiliate paying the fees).
In turn, recruited affiliates must also pass up their second recruited affiliates.
It is also possible that higher tier payments will be passed up if a Ueconomy affiliate is not qualified to receive payments at that particular payment tier.
To qualify at a tier a Ueconomy affiliate must first buy in themselves. Buying in at higher tiers reverse qualifies an affiliate at cheaper tiers below.
100% of funds paid at each tier are gifted as commissions, minus a 5% “processing fee”.
U-Academy commissions operate using the same 1-up compensation structure as U-Marketplace commissions, the only exception being an increase in the amounts gifted at each tier.
U-Academy gifting tiers are $1500, $3000, $6000, $12,000, $25,000 and $50,000.
Unlike the U-Economy tier, there is no 5% processing fee on U-Academy gifting payments. Instead a “licensing fee” is tacked onto each payment tier:
- $1500 plus a $149 licensing fee
- $3000 plus a $275 licensing fee
- $6000 plus a $495 licensing fee
- $12,000 plus a $795 licensing fee
- $25,000 tier has no licensing fee
- $50,000 plus a $1995 licensing fee
Ueconomy affiliate membership is $49.95 a month plus however many gifting tiers an affiliate wishes to receive payments on.
Buying in on all available tiers costs $52,495 upfront or $102,084 individually.
With his Ultimate Cycler scamming in Nigeria winding down, Peter Wolfing is obviously looking to keep the cash gifting train going.
That requires a new brand, and so we have Ueconomy.
The notion that anyone would pay $102,084 for Wolfing’s library of internet marketing material plus access to an e-commerce platform is absurd enough on its own.
The ruse however completely falls apart when you read the Ueconomy fine-print:
The products and software will be released during the Prelaunch phase which starts June 7th, 2017.
Yet today, I can drop over $100,000 on products that aren’t even available?
Whether they exist or not, Ueconomy’s products are of course just pseudo-compliance for cash gifting. This holds true regardless of whether if the products and services were available today.
It is the cash gifting opportunity that is in fact being marketed, as evidenced by a lack of retail offering and payments between Ueconomy affiliates.
However its set up (and even with Wolfing skimming fees off the top), affiliates paying affiliates in MLM is cash gifting.
In this sense Ueconomy is no different to the plethora of gifting schemes Wolfing has launched prior.
As with all of them, once affiliate recruitment dies down so too will new gifting payments. This will see new Ueconomy affiliates unable to recoup their gifting payments.
At any given time this is the largest group of affiliates, translating into widespread losses when Ueconomy inevitably collapses.