WesFamer Crypto fails to provide ownership or executive information on their website.

WesFamer Crypto’s website domain (“wesfamer-crypto.net”), was first registered in June 2022. The private registration was last updated on June 1st, 2024.

In an attempt to appear legitimate, WesFamer Crypto claims it’s “a private company incorporated in Australia”.

A search on the Australian government’s website reveals no company bearing the name WesFamer Crypto exists.

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.

WesFamer Crypto’s Products

WesFamer Crypto has no retailable products or services.

Affiliates are only able to market WesFamer Crypto affiliate membership itself.

WesFamer Crypto’s Compensation Plan

WesFamer Crypto affiliates invest funds on the promise of advertised returns:

  • Wes Blue – invest $100 to $1000 and receive 3.5% in 24 hours
  • Wes Crystal – invest $1000 to $6000 and receive 6% in 20 hours
  • Wes Graph – invest $6000 to $30,000 and receive 9.95% in 18 hours
  • Wes Golden – invest $30,000 to $50,000 and receive 15.05% in 36 hours
  • Wes Bronzy – invest $15,000 to $50,000 and receive 12.5% in 7 days
  • Wes Silver – invest $50,000 to $500,000 and receive 14.98% in 7 days

WesFamer Crypto pays referral commissions on invested funds 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.

WesFamer Crypto caps payable unilevel team levels at four.

Referral commissions are paid as a percentage of funds invested across these four levels.

Specific referral commission rates are determined by how much a WesFamer Crypto affiliate has invested:

  • Wes Blue tier affiliates receive 5% on level 1 (personally recruited affiliates), 5% on level 2, 3% on level 3 and 1.5% on level 4
  • Wes Crystal tier affiliates receive 6% on level 1, 5% on level 2, 3% on level 3 and 1.5% on level 4
  • Wes Graph and Wes Golden tier affiliates receive 7% on level 1, 5% on level 2, 3% on level 3 and 1.5% on level 4
  • Wes Bronzy tier affiliates receive 10% on level 1, 5% on level 2, 3% on level 3 and 1.5% on level 4
  • Wes Silver tier affiliates receive 15% on level 1, 5% on level 2, 3% on level 3 and 1.5% on level 4

Joining WesFamer Crypto

WesFamer Crypto affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $100 investment.

WesFamer Crypto solicits investment in USD (Perfect Money) and various cryptocurrencies.

WesFamer Crypto Conclusion

Although it’s not a 1:1 misappropriation, WesFamer Crypto is very close to WesFarmers (note the “r”), a large Australian conglomerate. I believe this is behind WesFamer Crypto pretending to be based out of Australia.

WesFamer Crypto represents it generates external revenue via automated bot trading.

No evidence of WesFamer Crypto generating external revenue of any kind is provided.

Furthermore, WesFamer Crypto’s business model fails the Ponzi logic test.

If WesFamer Crypto already has a trading bot generating 9.95% every 18 hours, what do they need your money for? And why is WesFamer Crypto offering you access at no cost?

As it stands the only verifiable source of revenue entering WesFamer Crypto is new investment.

Using new investment to pay ROI withdrawals would make WesFamer Crypto a Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve WesFamer Crypto of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.