Wish Money Review: Apostle launches MLM crypto Ponzi
Wish Money provides no information on its website about who owns or runs the business.
Wish Money’s website domain (“wishmoney.com”) was first registered in 2006.
The domain registration was last updated with private details on May 14th, 2019.
A search on the WayBack Machine confirms that as of late last year, the Wish Money domain was for sale.
This suggests that the current owner(s) took possession of the domain on or around May 2019.
Further research reveals Wish Money marketing material citing Jelson Becker as CEO of the company.
Outside of Wish Money, Becker (right) has a heavy affiliation with religion.
Becker’s ties to religion appear to be coordinated through Ativacao Profetica, a “school of prophetic activation” in Pernambuco, Brazil.
Our goal is to equip the Saintsand empower the Body of Christ through ON LINE Training and Periodic Meetings in Affiliated Churches to ourMission Mobilization Network.
On Ativacao Profetics’s website, Becker is referred to as a
simple brother and in love with the Kingdom of God.
He has been serving the Body of Christ for decades as an apostle or prophet missionary with an emphasis on signs and miracles … And more recently after 2009 he has served some local churches as a mentor and ministerial father.
I might be limited by language-barriers, but as far as I can tell Becker doesn’t have an MLM history prior to Wish Money.
Read on for a full review of Wish Money’s MLM opportunity.
Wish Money’s Products
Wish Money has no retailable products or services, with affiliates only able to market Wish Money affiliate membership itself.
Wish Money’s Compensation Plan
Wish Money affiliates invest funds on the promise of an advertised 300% to 400% return.
Note that 400% returns are subject to additional rank-based qualification criteria.
Returns are paid out daily in bitcoin at up to 2.1%, with affiliates able to invest in ten offered tiers:
- Founder 1 – $50
- Founder 2 – $100
- Founder 3 – $250
- Founder 4 – $525
- Founder 5 – $1050
- Founder 6 – $2100
- Founder 7 – $5200
- Founder 10 – $10,000
- Founder 25 – $25,000
- Founder 50 – $50,000
Wish Money Affiliate Ranks
There are ten affiliate ranks within Wish Money’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Mentor 1 – generate an accumulated 200 points in weaker binary team side volume
- Mentor 2 – generate an accumulated 800 points in weaker binary team side volume
- Mentor 3 – generate an accumulated 4000 points in weaker binary team side volume
- Mentor 4 – generate an accumulated 10,000 points in weaker binary team side volume
- Mentor 5 – generate an accumulated 40,000 points in weaker binary team side volume
- Mentor 6 – generate an accumulated 100,000 points in weaker binary team side volume and recruit and maintain at least two Mentor 3 ranked affiliates (one on both sides of the binary team)
- Mentor 7 – generate an accumulated 300,000 points in weaker binary team side volume and recruit and maintain at least two Mentor 4 ranked affiliates (one on both sides of the binary team)
- Mentor 8 – generate an accumulated 600,000 points in weaker binary team side volume and recruit and maintain at least two Mentor 5 ranked affiliates (one on both sides of the binary team)
- Mentor 9 – generate an accumulated 1,000,000 points in weaker binary team side volume and recruit and maintain at least two Mentor 6 ranked affiliates (one on both sides of the binary team)
- Mentor 10 – generate an accumulated 2,000,000 points in weaker binary team side volume and recruit and maintain at least two Mentor 7 ranked affiliates (one on both sides of the binary team)
Wish Money affiliates are paid 7% of funds invested by personally recruited affiliates.
Wish Money 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.
Residual commissions are paid as a percentage of points generated via investment across the the binary team.
For the purpose of rank qualification, each Wish Money investment tier corresponds with a set number of points:
- investment at the Founder 1 tier = 10 points
- invest at the Founder 2 tier = 20 points
- investment at the Founder 3 tier = 50 points
- investment at the Founder 4 tier = 105 points
- investment at the Founder 5 tier = 210 points
- investment at the Founder 6 tier = 420 points
- investment at the Founder 7 tier = 1040 points
- investment at the Founder 10 tier = 2000 points
- investment at the Founder 25 tier = 5000 points
- investment at the Founder 50 tier = 10,000 points
At the end of each day Wish Money tallies up new investment volume on both sides of the binary team.
Affiliates are paid 10% of funds invested on their weaker binary team side.
Once paid out, volume is matched on the stronger binary team side and flushed.
Any leftover volume on the stronger binary team side is carried over into the following day.
Note that from Founder 10 and higher investment tiers cap payable residual commissions as follows:
- Founder 10 investment tier affiliates can earn up to $8000 a day in residual commissions
- Founder 25 investment tier affiliates can earn up to $17,500 a day in residual commissions
- Founder 50 investment tier affiliates can earn up to $30,000 a day in residual commissions
Wish Money pays a Matching Bonus 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.
Wish Money caps payable unilevel team levels at ten.
The Matching Bonus is a 5% match on residual commissions earned across these ten unilevel team levels.
How many levels a Wish Money affiliate earns the Matching Bonus on is determined by rank:
- Mentor 1 ranked affiliates earn the Matching Bonus on one level (personally recruited affiliates)
- Mentor 2 ranked affiliates earn the Matching Bonus on two levels
- Mentor 3 ranked affiliates earn the Matching Bonus on three levels
- Mentor 4 ranked affiliates earn the Matching Bonus on four levels
- Mentor 5 ranked affiliates earn the Matching Bonus on five levels
- Mentor 6 ranked affiliates earn the Matching Bonus on six levels
- Mentor 7 ranked affiliates earn the Matching Bonus on seven levels
- Mentor 8 ranked affiliates earn the Matching Bonus on eight levels
- Mentor 9 ranked affiliates earn the Matching Bonus on nine levels
- Mentor 10 ranked affiliates earn the Matching Bonus on ten levels
Rank Achievement Bonus
Wish Money rewards affiliates who qualify at the Mentor 6 and higher ranks with the following Rank Achievement Bonuses:
- qualify at Mentor 6 and receive a “watch”
- qualify at Mentor 7 and receive an “international trip”
- qualify at Mentor 8 and receive a Toyota Corolla car
- qualify at Mentor 9 and receive a Mercedes Benz luxury car
- qualify at Mentor 10 and receive a Lamborghini luxury car
Joining Wish Money
Wish Money affiliate investment is tied to $50 to $50,000 initial investment.
Once a 300% or 400% return has been generated, reinvestment is required in order to continue earning.
Not content with being just a “simple brother” for the church, Jelson Becker has evidently decided to milk his religious following… hard.
Typically when we see pastors pop up in the MLM underbelly it’s through them herding congregations into one scheme or another.
Here we have a pastor launching his very own MLM crypto scam.
Wish Money’s presentation contains references to an “ecosystem” that encompasses WishMoney Coin, a voip app, casino, e-commerce platform and travel service.
As far as Wish Money’s MLM opportunity goes, none of its ecosystem has anything to do it except WishMoney Coin (WSHM).
Which is probably a good thing, seeing as the rest of the ecosystem doesn’t exist yet.
WSHM has no value outside of Wish Money itself, and even then the internal WSHM value is not publicized.
According to Wish Money’s business presentation, public trading wont start until November 2019.
Until then Wish Money affiliates are paid to recruit new investors, on the promise of a 300% to 400% ROI.
Testament to the fact WSHM isn’t worth anything is that returns are paid in bitcoin.
This makes no sense, unless Wish Money is soliciting investment in bitcoin. (easier to recycle newly invested funds).
With no verifiable source of external revenue, what should be obvious is that Wish Money are simply recycling newly invested funds to pay existing affiliates a daily return.
This makes Wish Money a Ponzi scheme.
Wish Money affiliates are also paid to recruit new affiliate investors, adding a pyramid layer to the scheme.
At the time of publication Alexa cites Brazil as the largest source of traffic to Wish Money’s website (91%).
According to Wish Money’s roadmap, there’s also plans to launch several components of the business in the US:
As it stands Wish Money provides no evidence it is registered to offer securities in Brazil.
Through a search of the SEC’s Edgar database, I can also confirm neither Wish Money or Jelson Becker are registered to offer securities in the US.
This means that even if Wish Money’s ecosystem wasn’t a load of bullshit, the company is still operating illegally in its primary market (Brazil).
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will invested funds.
This will starve Wish Money of return revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
I’m not going to pretend I’m a bible expert or anything, but isn’t one of the commandments “thou shalt not steal”?
How does Jelson Becker reconcile his role as a “prophet missionary” with wholesale stealing from anyone who invests in Wish Money?
Oh the lies we spin in the name of greed…