Weltsys Review: Francis Silva launches third Ponzi scheme?
Weltsys provides no information on its website about who owns or runs the company.
Weltsys claims to be a Hong Kong based company but provides no evidence of incorporation.
Even then, Hong Kong incorporation would likely only have been used to register a shell company.
What I can confirm is Weltsys is tied to the Forcount. If you visit Forcount’s website, the following is displayed on the homepage footer:
Further research reveals Weltsys marketing confirming it’s a reboot of Forcount:
Forcount was a Ponzi scheme run by Francis Silva. BehindMLM reviewed Forcount, itself a reboot of the Cointherum Ponzi scheme, in May 2018.
More fleshed out than Cointherum’s “bitcoin doubler”, Forcount appears to have lasted up until a few months ago.
Alexa traffic estimates for Forcount’s website show a decline beginning around the start of October.
Comparatively, traffic to Weltsys’ website picked up in late November:
Read on for a full review of Weltsys’ MLM opportunity.
Weltsys’ Products
Weltsys market a range of investment plans as detailed in the compensation section of this review.
Affiliates are separated from retail customers by way of a monthly fee.
Weltsys’ Mindexcoin Compensation Plan
Weltsys affiliates invest in Mindexcoin (MIC), or alternatively with bitcoin or ethereum.
Investments are made on the promise of advertised returns, as detailed below.
Mindexcoin Investment
Weltsys affiliates invest in Mindexcoin on the promise of an advertised 1.2% daily ROI.
There are numerous MIC investment packages to choose from, ranging in price from 50,000 MIC to 10,000,000 MIC.
As I write this the public trading value of MIC is .05 of a cent. Whether Weltsys tack on any fees in not disclosed.
Upon reaching 200% maturity, reinvestment is required. Weltsys charges a 4% fee for reinvestment amounts.
Weltsys pays referral commissions on MIC investment down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
- level 3 – 2%
Weltsys pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day Weltsys tallies up new investment volume on both sides of the binary team.
Affiliates are paid a percentage of funds invested on their weaker binary team side, based on how much MIC they themselves have invested in.
- invest in 50,000 to 999,999 MIC and receive a 5% residual commission rate
- invest in 1,000,000 to 4,900,000 MIC and receive a 7.5% residual commission rate
- invest in 5,000,000 to 9,999,999 MIC and receive a 10% residual commission rate
- invest in 10,000,000 to 49,999,999 MIC and receive a 15% residual commission rate
- invest in 50,000,000 MIC or more and receive a 20% residual commission rate
Bitcoin Investment
Weltsys affiliates must have an active MIC investment in order to receive bitcoin returns.
Weltsys accepts investment in bitcoin starting at $100, on the promise of a 1% daily return capped at 200%.
Upon reaching 200%, reinvestment is required and charged a 4% fee.
Weltsys pays referral commissions on bitcoin investment down three levels of recruitment (unilevel):
- level 1 – 5%
- level 2 – 3%
- level 3 – 2%
Residual commissions are also paid using a unilevel compensation structure, capped at thirty levels:
- level 1 – 3%
- level 2 – 2%
- level 3 – 1%
- levels 4 and 5 (must be Sapphire or higher rank) – 0.5%
- levels 6 and 7 (must be Ruby or higher rank) – 0.5%
- levels 8 to 10 (must be Diamond or higher rank) – 0.5%
- levels 11 to 15 (must be Blue Diamond or higher rank) – 0.5%
- levels 16 to 30 (must be Stars Diamond rank) – 0.5%
Ethereum Investment
Weltsys affiliates must have an active MIC investment in order to receive ethereum returns.
Weltsys accepts investment in ethereum, starting at 0.5 ETH. Investment is made on the promise of a 1.2% daily ROI, capped at 200%.
Upon maturity, reinvestment is required and charged a 4% fee.
Weltsys pays referral commissions on ethereum investment down three levels of recruitment (unilevel):
- level 1 – 5%
- level 2 – 3%
- level 3 – 2%
Residual commissions are paid out via a binary compensation structure, as detailed in “Mindexcoin Investment” above.
How much is paid on weaker binary team side volume is determined by how much ethereum a Weltsys affiliate has invested:
- invest 0.5 to 10 ETH and receive a 5% residual commission rate
- invest 11 to 50 ETH and receive a 7.5% residual commission rate
- invest 51 to 100 ETH and receive a 10% residual commission rate
- invest 101 to 200 ETH and receive a 12.5% residual commission rate
- invest 201 to 500 ETH and receive a 15% residual commission rate
- invest 501 or more ETH and receive a 20% residual commission rate
If a Weltsys affiliate personally recruits fifteen investing affiliates, they receive a 10% bonus on all ethereum returns and commissions.
Rank Achievement Bonus
Weltsys reward affiliates with the following Rank Achievement Bonuses:
- qualify as a Sapphire (75 points) and receive $200
- qualify as a Ruby (250 points) and receive $700
- qualify as an Emerald (750 points) and receive $2000
- qualify as a Diamond (2000 points) and receive $5000
- qualify as a Blue Diamond (4000 points) and receive $10,000
- qualify as a Moon Diamond (8000 points) and receive $20,000
- qualify as a World Diamond (15,000 points) and receive $40,000
- qualify as a Star Diamond (35,000 points) and receive $100,000
Points are acquired via personal and downline investment:
- 1 point per 50,000 MIC personally invested in
- 1 point per $100 invested in bitcoin (personal and downline)
- 2 points per 1 ETH invested in (personal and downline)
Withdrawal Fees
Also of note are the withdrawal fees Weltsys charges, based on how long an affiliate wants to wait to get paid:
- get paid the same day = 35% fee
- get paid within 24 hours = 20% fee
- get paid within 3 days = 15% fee
- get paid within 5 days = 7% fee
- get paid within 10 days = 5% fee
- get paid within 15 days = 3% fee
Joining Weltsys
Weltsys charge a $25 monthly affiliate fee, payable in MIC.
Conclusion
Weltsys marks Francis Silva’s second attempt to get Mindexcoin going.
Mindexcoin is the highlight in the Weltsys services!
With great potential in the field of buying and selling, MIC has the most complete ecosystem in the market. The MIC project has its own blockchain, a crypto wallet – MindexWallet – and a payment method – MindexPay.
Throughout Forcount’s life Mindexcoin continued to decline in value, and it’s likely nothing will change during Weltsys.
At present a few thousand in Mindexcoin is traded daily, and the public value is .05 of a cent (that’s a fraction and not to be confused with 0.05 cents).
Quite obviously Silva is sitting on a mountain of MIC, and so that’s the backbone of Weltsys.
In a nutshell, literally worthless MIC is dumped onto gullible investors. This is mandatory, with bitcoin/ethereum investment being optional.
Returns are paid in worthless MIC, leaving Weltsys affiliates to sell a shitcoin nobody outside of Francis Silva’s scams is interested in.
On the money side of things Weltsys is no more legitimate than Forcount was. Lofty promises of trading etc. but no evidence that external revenue is being used to pay affiliates with.
Not withstanding that if Forcount wasn’t a Ponzi scheme, it had no reason to collapse. Ditto Weltsys when it too inevitably collapses.
Forcount lasted just under a year and a half. Reboot schemes don’t last as long as their predecessors so expect Weltsys to collapse sooner.
I wonder why this CRIMINAL called FRANCIS SILVER is able to continue scam after Scam and the Autorities are watching him stealing from everyone around the world why?
The best company in the world, I put 100usd and earn 20k in 9 month proved, the best investment I ever made, and this guy Francis Silva a great human being, he is supporting financially 8 christian´s Churches by him self.
Also Mindexcoin is the best opportunity for investment that you can made because now with 1000usd you can buy 1 million of mindexcoin and in a rental service that has Weltsys you made in a year 5 times what you put for example you put 1million and you get 5million, if the coin only reach 1usd you will made 5million dollars isn´t a great deal?
Of course, every person that i meat in the great conventions because weltsys and forcount pay everything for you to come.
I was in Dubai paid from Forcount ausum really the opportunity of my life, look for it go for it, incredible, magnificent, you must invest if you had the chance.
^^ I normally hit spam on comments like this without thinking, but this was too much of a laugh. Enjoy.
Weltsys has been around for just over a month. Try harder scammers.
Also I hope you reinvested 100% of that $20,000. $400,000,000 in another 9 months lololol.
I became apart of Forcount at the end of October then at some point if I remember correctly it became Weltsys in December.
This guy has a point in that maybe the business is unsustainable. And it is also true Mindex coin isnt worth anything.. for now.
But the directrade is pretty good you get paid 1% per day like 5 or 6 days per week for bitcoin investment. Your allowed to withdraw profits after 100 dollars of profit.
Before you could reinvest it after 100 days and keep getting 1% per day but when it became weltsys the reinvest is now 0.5%. I think it was a rebalance to keep business afloat.
I know this business can fail like any other but I trust this one because we have meeting every Teusday any the EBC building in McAllen Texas. So its face to face it not all online.
I don’t know why the writer of this article didn’t include the complete information.
You’re getting paid in a worthless shitcoin that’s never going to be worth anything. While Francis Silve and friends take your bitcoin and stash it.
How is that “pretty good” for you the investor?
Having meetings in Texas doesn’t change the fact that Weltsys is a third-generation Ponzi from a serial scammer.
Bet neither you or Weltsys are registered with the Texas State Securities Board either.
You maybe right it maybe a ponzu scam butter now the profits are real and you never know MIC like any other coin could explode.
And besides all you have to do to join is buy 100 worth of that worthless mindex and for get about it. Then you can participate in direct trade.
Not trying to argue with you but alot of people my workplace is involved. And none of them have any complaints other than the late withdrawals and we were promised get paid 1 percent per day every day not 5 or 6 days.
And I dont want to piss you off more but am also with another company that pays 3 percent per day every day with compound interest and I’ve already tripled my investment and removed my original invest a month ago
Real you say? Right, so I assume you can provide me with audited accounting proof of external ROI revenue then?
Cryptocurrency doesn’t just “explode”. 99% of the time it’s manipulation, the other 1% of the time it’s legitimate demand.
MIC is owned by a bunch of desperate Forcount bagholder investors. Nobody cares about the shitcoin outside of Weltsys so manipulation is out.
Demand wise there’s none again outside of Weltsys.
Do you want a cookie? Best of luck with the scamming.
Bro I just Showed you with my experience. And you are being obnoxious. Check it out (Ozedit: spam removed)
Right? Pointing out that you’re scamming people in a Ponzi scheme is totes obnoxious. How dare I!
It’s like dealing with a Trump troll on Twitter.. I acknowledge that these could be ponzi scams but I am just sharing my experience. If your ever in McAllen Tx look ys up at the EBC building in McAllen Texas.
And I am not ripping anyone off it’s my money my risk.
If you enjoy stealing people’s money through Ponzi schemes, more power to you. It is what it is.
I’m just pointing out that you are very much ripping people off by doing so.
Ponzi schemes are a zero sum game. Every dollar you steal is stolen from someone else. It also is what it is.
So what do you want me do?
Nothing. Couldn’t care less what you do or don’t do.
Just had a quick look at this garbage, washtrading on the notorious Digifinex exchange is all that gives it a pulse.
Silva operates thru Intergalaxy SA (Brazil)and snuck a PR into CoinTelegraph last March
That spiel, of course, was solely designed to shill Alfacoin, another ERC20 shitcoin that fell at the first hurdle when its team was shown to be completely fake.
@Ivan Party: 🙂
Do NOT throw your money at this scheme. I know people all over Atlanta that lost thousands of dollars on this ponzi scheme.
They tried to get me in and I was smart enough to see right through it. If some thing is too good to be true it’s not true.
Forcount went belly up because Silva was investing the money in Bitcoin. When bitcoin dropped in the fall because the stock market was doing so well, Forcount collapsed.
The FBI needs to get involved and arrest the people behind this scam. They mostly prey on the Latin community.
They must be out in Texas or somewhere else now because they ripped off everyone in Atlanta.
My friends that fell for this I warned them over and over, but they thought they would get rich over night. This Ponzi scheme is illegal in the US.
Hi I want to thank you for your article. My niece invested $1000 with them and when she wanted to remove the money they did not want to return the money to her.
The person who is running Silvas business in Miami, DC and New York is Juan Tacuri who is also on social media and on IG and he has no immigration papers. He is from Peru.
They ask people for money to invest and use it for their own luxuries. They are really not investing in any Bitcoin or Mindexcoin fund at all.
They also charge people raffle tickets to win TVs and a Car and use that money to pay for the Hotels they host their events at. Someone should contact the hotels they use to run their scheme.
I hope by now everyone knows FORCOUNT and WELTSYS are ponzi scams.
Once you lock your money in, that’s the end, you don’t gain nothing. A time will come you can’t even make withdrawals.
Its pyramid no one is getting pay since December 2019 I have been one year with forcount and then weltsys started no one it’s get paid.
I can’t get back my money what I invested.
I know many people including myself, I have invested around $1200.00 of my own money.
I started around June 2019 in Connecticut, we were promised 1.2 in direct trade, suddenly all the money has disappeared from our dashboards.
According to the higher ups you will get your money in 24 payments.
Mindexcoin has loss its value and we are being told it’s going up. And now the baby is Ethereum they are promising higher returns. The withdrawals are super complicated.
weltsys is a third generation punzi scheme run by fransis silva and affiliates, Ramon Pirez, juan takuri and Bimpe adepoju. from cointhereum to forcount and now weltsys.
weltsys has no affiation to Hongkong or a $500,000,000 capital base as claimed by fransis silva.Intergallexy owned by francis silver with its head quarters in brazil has nothing to do with cryptocurrence.
it is virtually impossible for anyone to have direct access to the head quarter building in brazil due to very tight security network shilding people from taking there phones even close to the building.
if he is not stopped he will keep stealing peoples money.
WELTSY CANT OPEN, BEEN TRYING TO LOG IN BUT THE SCREEN SAYS SYSTEM MAINTENANCE TO RESUME ON TEUSDAY 07/07/2020.
BUT TILL TODAY WEDSDAY 08/07/2020, 10:19 GMT IT STILL REMAIN CLOSED.
Weltsys is a Ponzi scheme and your money is gone. Sorry for your loss.
Weltsys is a scam and thieves they took $10,000 from me and my elderly mother and said we would have gained we had smart contracts that are frozen they never paid.
how can we do a class action lawsuit against Francis Silva?
I was thinking of filing a claim with the Department of Justice. Org for abusing elders and scamming them.
You don’t need a lawyer to approach the DOJ. You will need one to file a civil class-action (they are complicated).
dear WEEltsys at this time you shoul know that a demand is going to you ,,,,,,
your guy Francis Silva just ripp off a lot people and we are taking this to the US authorities, we need our money back.
I have lose money with weltsys as well i am trying to get any info how we can make this claim as group of individual that we trusted Francis Silva.
Make a claim with who? Sounds like a lawyer question.
All you need to do is file a complaint with FBI. You do it online.
if you don’t know how to do it Google how to file complaint with FBI.
I invested $8,000 with andres balles and juan tacuri amd never got anything back but lies and bs. And still see him on fb with new companies.
I invested in forcount amd than it got switched to weltsys. How can I get my money back?
You invested in a Ponzi scheme and your money is gone. Sorry for your loss.
I mentioned many time’s to my wife this isn’t going to end well!
And I was exactly right over $30K later and we fell into his Trap and that it all started with Forcount and went to Weltsys and then Silva was gone with everyone’s $$$. Just isn’t Right!
We too stupidly invested $15,800.00 and trusted a Real Estate individual that promised that we would double our investment back in November 2019.
It’s going to be two years this November and still haven’t seen not one cent. I hope these people burn in hell for taking peoples hard earned money.
It’s sad to know that people operate dishonestly and we are the assholes left behind holding the empty check book.
I guess stupid is as stupid does. I guess we’re the asshole for believing.
I invested my money on weltsys and also bought enthereums. Lost them all.