Workxon Review: 1% a day 200% ROI Ponzi scheme
Workxon provides no credible information on their website about who owns or runs the company.
Supposedly Workxon is headed up by “Philip Davis”, a generic old guy in a suit;
No information on Davis is provided. Nor does he have a digital footprint outside of Workxon’s limited marketing.
On its website and Twitter, Workxon represents it is based out of the US. On Facebook it’s London.
Alexa ranks Pakistan as the only notable source of traffic to Workxon’s website (47%).
That’s high enough to suggest that whoever is actually running Workxon is based out of or, at the very least, has ties to Pakistan.
In the footer of Workxon’s website we learn it’s being mirrored from “HasThemes”:
HasThemes appears to be an Indian web design company. India neighboring Pakistan ties into Workxon’s traffic rankings.
The broken English attributed to Philip Davis isn’t very convincing either.
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.
Workxon’s Products
Workxon has no retailable products or services.
Affiliates are only able to market Workxon affiliate membership itself.
Workxon’s Compensation Plan
Workxon affiliates invest $30 to $10,000 on the promise of a 200% ROI.
- Basic – invest $30 and receive $60
- Silver – invest $140 and receive $140
- Platinum – invest $100 and receive $200
- Ultra – invest $250 and receive $500
- Pro – invest $500 and receive $1000
- Premium – invest $1000 and receive $2000
- VIP 1 – invest $3000 and receive $6000
- VIP 2 – invest $5000 and receive $10,000
- VIP 3 – invest $7000 and receive $14,000
- VIP 4 – invest $10,000 and receive $20,000
Note that in order to reach 200%, a fixed return is paid daily for 200 days.
Referral Commissions
Workxon affiliates earn a referral commission on funds invested by personally recruited affiliates.
Referral commission rates are determined by how much a Workxon affiliate has invested:
- Basic and Silver tier affiliates receive a 6% referral commission rate
- Platinum tier affiliates receive a 7% referral commission rate
- Ultra tier affiliates receive an 8% referral commission rate
- Pro tier affiliates receive a 9% referral commission rate
- Premium to VIP 2 affiliates receive a 10% referral commission rate
- VIP 3 tier affiliates receive an 11% referral commission rate
- VIP 4 tier affiliates receive a 12% referral commission rate
Residual Commissions
Workxon pays residual 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.
Workxon caps payable unilevel team levels at ten.
Once again, residual commission rates are determined by how much a Workxon affiliate has invested:
- Basic tier affiliates earn 4% on level 1 (personally recruited affiliates
- Silver tier affiliates earn 4% on level 1 and 3.5% on level 2
- Platinum tier affiliates earn 4% on level 1, 3.5% on level 2 and 3% on level 3
- Ultra tier affiliates earn 4% on level 1, 3.5% on level 2, 3% on level 3 and 2.5% on level 4
- Pro tier affiliates earn 4% on level 1, 3.5% on level 2, 3% on level 3, 2.5% on level 4 and 2.25% on level 5
- Premium tier affiliates earn 4% on level 1, 3.5% on level 2, 3% on level 3, 2.5% on level 4, 2.25% on level 5 and 2% on level 6
- VIP 1 tier affiliates earn 4% on level 1, 3.5% on level 2, 3% on level 3, 2.5% on level 4, 2.25% on level 5, 2% on level 6 and 1.75% on level 7
- VIP 2 tier affiliates earn 4% on level 1, 3.5% on level 2, 3% on level 3, 2.5% on level 4, 2.25% on level 5, 2% on level 6, 1.75% on level 7 and 1.5% on level 8
- VIP 3 tier affiliates earn 4% on level 1, 3.5% on level 2, 3% on level 3, 2.5% on level 4, 2.25% on level 5, 2% on level 6, 1.75% on level 7, 1.5% on level 8 and 1.25% on level 9
- VIP 4 tier affiliates earn 4% on level 1, 3.5% on level 2, 3% on level 3, 2.5% on level 4, 2.25% on level 5, 2% on level 6, 1.75% on level 7, 1.5% on level 8, 1.25% on level 9 and 1% on level 10
Joining Workxon
Workxon affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $30 investment.
Conclusion
Workxon represents it generates external revenue via
designing new ads, executing various marketing campaigns and ensuring the impression views for various businesses on digital media.
Workxon also mention real-estate and “online trading” on their website, however these appear to be afterthoughts.
In any event, no evidence of Workxon generating external revenue of any kind is provided.
Not withstanding if the company’s anonymous owners were able to consistently generate a legitimate 1% a day, they’d have no need to solicit investment in the first place.
As it stands the only verifiable source of revenue entering Workxon is new investment.
Using new investment to pay affiliates a daily return makes Workxon a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Workxon of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Workxon claims to be at 904 Brickell Street Riverside, CA 92503 on their website.
There is no Brickell Street in Riverside, California.
Any Ponzi player who can get past the promise of “1% per day” plus a “corporate address” that does not exist is hopelessly addicted to losing money.
SD
can you trust workxon.
Yes, you can trust them to steal your money.
“Silver – invest $140 and receive $140”
Really??
According to their FarceBook page, Silver is: invest $70 to get $140.
I started work with workxon. But am not confident of it. Because the business which I start is not clear for me.
Can you give me an information about this company?
It’s a Ponzi scheme. You sign up, invest and lose money.
Read the review.
@Oz, you really need to clarify your comment there. Some people DO make money from these schemes.
When you characterize a ponzi as “you invest, lose money”, and yet people make money, they’ll use that as evidence of it not being a scam….. precisely the illusion which allows a ponzi to operate.
Anyone joining a Boris CEO Ponzi a few months in is guaranteed to lose money.
If people are too stupid to understand basic math, that’s on them.
Since you want to get technical, let me correct your statement. People do not “MAKE MONEY” in a Ponzi, they “STEAL MONEY” they receive.
To get “paid” they only get “paid” from the money others invest in the Ponzi. No money is being “MADE.”
They told me to invest 5million ugx and in 200daus it’s 10m.
Workxon is 100% legit and not a ponzi scheme. Ask questions please.
Sure thing. Given that Workxon is committing securities fraud and is absolutely a Ponzi scheme, on what basis are you claiming it isn’t?
Note: “I’m stealing money” doesn’t negate Workxon being a Ponzi scheme.
When you mention the works that worxon is engadged in , you omitt that it is working on exchange market. (Ozedit: snip, see below)
The first thing a Ponzi has to do is get you to believe some bullshit marketing ruse.
You claim Workxon is “working on exchange market”. Cool. So where’s the evidence this generates revenue to pay returns with?
Such evidence would be registration with financial regulator and legally required audited reports.
They don’t exist. Because I know and you know Workxon is a simple Ponzi scheme.
This scheme made us lose our money, I wish I had seen this before I sunk my hard earned money.