Weenzee Review: WNZ Ponzi points investment fraud
Weenzee provides no information on their website about who owns or runs the business.
The Weenzee website domain (“weenzee.com”) was registered on August 15th, 2018.
Mareks Pavlovskis is the registered owner, through a virtual office address in London, the UK.
Other than appearing on Weenzee’s meaningless UK incorporation records, there is no external connection between Pavlovskis and Weenzee.
Whether Mareks Pavlovskis actually exists is unclear.
Perusal of Weenzee’s YouTube channel reveals the company initially marketed itself across Asia.
Today Wenzee’s top sources of website traffic are Brazil (27%), Iran (13%) and India (4%).
A video titled “Weenzee Grand Opening” on the company’s official YouTube channel, purportedly shows a ceremony held in Berlin, Germany.
This perhaps coincides with Weenzee using a German registrar to register their website domain name.
Weenzee’s “grand opening” video prominently features individuals with strong European accents.
From this one can surmise whoever is running Weenzee is likely based out of central or eastern Europe.
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.
Weenzee has no retailable products or services, with affiliates only able to market Weenzee affiliate membership itself.
The Weenzee Compensation Plan
Weenzee affiliates invest in WNZ points on the promise of an advertised return.
At the time of publication WNZ points are not publicly tradeable. The internal value of WNZ points are set by Weenzee’s owners.
Weenzee’s admins sell WNZ points to new investors at whatever the current internal value is.
Invested WNZ points are then parked with Weenzee for between 30 to 365 days.
- invest WNZ points for 30 days and receive a 0.73% daily ROI
- invest WNZ points for 60 days and receive a 0.88% daily ROI
- invest WNZ points for 90 days and receive a 0.91% daily ROI
- invest WNZ points for 180 days and receive a 0.95% daily ROI
- invest WNZ points for 365 days and receive a 0.99% daily ROI
Daily return percentages can be increased via rank progression:
- User (sign up and invest in WNZ points) – base return amounts above
- User+ (invest at least $100 and generate $300 or more from a total downline of 10 or more investors) – bonus 1% a day
- WeenA (personally invest at least $300 and generate $5000 from a total downline of 30 or more investors) – bonus 3% a day
- WeenB (personally invest at least $1000 and generate $10,000 from a total downline of 100 or more investors) – bonus 5% a day
- WeenC (personally invest at least $3000 and generate $100,000 from a total downline of 1000 or more investors) – bonus 7% a day
- Leader (personally invest at least $10,000 and generate $1,000,000 from a total downline of 3000 or more investors) – bonus 10% a day
- Leader Pro (personally invest at least $50,000 and generate $10,000,000 from a total downline of 5000 or more investors) – bonus 15% a day
- WeenZee (personally invest at least $500,000 and generate $100,000,000 from a total downline of 50,000 or more investors) – bonus 20% a day
Weenzee 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.
Residual commissions are paid as a percentage of funds invested down eight unilevel team levels.
How many levels a Weenzee affiliate earns referral commissions down is determined by rank:
- Users earn 3% on level 1 (personally recruited affiliates), 2% on level 2, and 1% on level 3
- User+ affiliates earn 3% on level 1, 2% on level 2 and 1% on levels 3 and 4
- WeenA affiliates earn 3% on level 1, 2% on level 2, 1% on levels 3 and 4 and 0.5% on level 5
- WeenB affiliates earn 5% on level 1, 3% on level 2, 1% on levels 3 and 4 and 0.5% on levels 5 and 6
- WeenC affiliates earn 5% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 and 5 and 0.5% on levels 6 and 7
- Leaders and higher earn 7% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 and 5 and 0.5% on levels 6 to 8
Weenzee affiliate membership is tied to an investment in WNZ points.
There doesn’t appear to be a minimum investment amount.
Weenzee is your typical Ponzi points MLM scheme.
The company claims to generate external revenue through “Weenzee AI”.
Weenzee AI exists only in a CGI marketing video. Weenzee provides no evidence of using external revenue to pay affiliates.
Furthermore Weenzee is not registered to offer securities in any jurisdiction is solicits investment in, meaning the company is operating illegally worldwide.
Weenzee’s admins generate WNZ points at little to no cost. There is no public trading so they set the value as they see fit.
Based on this made up value, Weenzee’s admins solicit real investment in exchange for worthless WNZ points.
Returns are paid in WNZ points, which again costs Weenzee admins little to nothing to generate.
At the end of the investment period (where you park your WNZ points), Weenzee affiliates cash out via the company’s internal exchange.
Initial withdrawals are seeded by Weenzee’s admins (using previously invested funds).
The goal in an MLM Ponzi points scheme however is to get new investors to directly fund existing investor’s withdrawal requests.
These funds are also used to pay referral commissions, which rewards Weenzee’s top investor recruiters.
Once Weenzee reaches or approached critical mass, the MLM Ponzi points exit-scam model will see them find some dodgy exchange to go public on.
This is from Weenzee’s FAQ:
ON WHICH EXCHANGES A COIN LISTING IS PLANNED?
We are already negotiating with the Asian and European stock exchanges on the listing of the WNZ unit.
The most up-to-date information will be posted with a list of connected exchanges on the page “Exchanges” (it is planned in 2019).
The internal hype surrounding this pumps WNZ’s initial public value, allowing the owners and top investors to cash even more out.
WNZ’s public value then promptly dumps, leaving the majority of Weenzee affiliate investors bagholding another worthless altcoin.
In order for Weenzee’s owners and early affiliates to steal money, the majority of Weenzee’s affiliate investors have to lose it.