Watford Corp Review: Moderate effort Ponzi scheme
Watford Corp has one of the most god awful website designs I’ve ever seen.
The site disabled vertical scroll in favor of horizontal scroll, leaving the user with no idea what they’re scrolling into.
If I want to expand one of the scroll topics, a click is not enough. I have to sit there like a twat and hold down my mouse for what feels like an eternity.
Oh and of course back and forward button functionality is disabled (when I hit back I was redirected to a black screen).
Heading up Watford Group is supposedly Richard Watford.
Richard Watford however doesn’t exist outside of a bunch of press-releases uploaded in late November last year.
The photo representation of Watford (above) is a prime candidate for a stock photo or actor shoot. Watford appearing in at least one promo video suggest the latter.
Here’s an awkward clip of the actor playing Watford reading off a script:
In contrast to “Watford’s” clearly British accent in the clip above, whoever is actually behind Watford Corp doesn’t appear to be a native English speaker.
Here’s a verbatim example of the awkward language used in Richard Watford’s corporate bio (which is of course as generic as they come);
My name is Richard Watford. I am Watford LLC founder.
I managed to reach a success, but my long path was rather hard.
I finally managed to create a company, intended to help other people to avoid making mistakes by y trial and error, failure and victory.
Does Richard Watford, as represented by Watford Corp, actually exist? Probably not.
On their website Watford Corp claims to be “the largest holding company operating in the USA”.
Watford Corp’s website domain wasn’t privately registered until July 2019.
Here’s a list of some of largest holding companies in the US. Naturally Watford Corp isn’t among them.
Watford Corp also claims to have an office in Seattle’s Columbia Center (incorrectly referenced as “Columbia Tower”).
I highly doubt Watford Corp has any US presence. On the off chance they’ve put in minimal effort though, Regus offer virtual offices at Columbia Center.
In summary, pretty much everything presented on Watford Corp’s annoying as hell to navigate website is bogus.
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.
Watford Corp’s Products
Watford Corp has no retailable products or services, with affiliates only able to market Watford Corp affiliate membership itself.
Watford Corp’s Compensation Plan
Watford Corp affiliates invest funds on the promise of weekly returns.
Watford Corp fail to disclose investment plans on their website. The following is from a Watford Corp investor circa late January 2020.
- NMW Energy Plan – invest $120.37 or more and receive 5.98% a week
- Goldmine BMD Plan – invest $117.91 or more and receive 6.1% a week
- EDV Recycling Plan – invest $122.83 or more and receive 6.1% a week
- Marijuana Diet Plan – invest $119.05 or more and receive 6.04% a week
Watford Corp pays referral 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.
Watford Corp caps payable unilevel team levels at ten.
Referral commissions are paid out as a percentage of funds invested across these ten levels as follows:
- level 1 (personally recruited affiliates) – 8%
- level 2 – 5%
- levels 3 to 5 – 3%
- levels 6 to 8 – 2%
- levels 9 and 10 – 1%
Joining Watford Corp
Watford Corp affiliate membership appears to be free.
Full participation in the attached income opportunity requires a minimum ~$117 investment.
Watford Corp’s investment plans correspond to imaginary businesses they’ve created.
Take Marijuana Diet for example, which supposedly operates from “marijana-diet.com”.
For starters we can see the Marijuana Diet website defaults to French. Bit odd for an American company with a British actor CEO no?
Marijuana Diet’s website domain was first registered in 2018. It appears to have been parked until late 2019, wherein the current website was uploaded (Wayback Machine).
Despite only having a website up for a few months and an Alexa ranking of 5.7 million (completely dead), Marijuana Diet claims to have sold 47,413 products and generated almost a quarter of a million dollars in profit.
I didn’t waste my time looking into Watford Corp’s other bullshit companies because… well, they’re bullshit.
Beyond moderate effort to set up a terrible website and hire some fat guy from the UK, Watford Corp is your typical MLM Ponzi scheme.
Even if we indulge the “largest holding company in the US” narrative, Watford Corp’s passive investment opportunity constitutes a security.
Securities in the US are regulated by the SEC, and Watford Corp is of course not registered with the SEC.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve Watford Corp of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
Update 30th September 2020 – Watford Corp has collapsed.
The company’s anonymous admins have pulled what appears to be a fake regulatory shutdown exit-scam.