Zewang Review: a “helpful community” of Ponzi scammers
There is no information on the Zewang website indicating who owns or runs the business.
The Zewang website domain (“zewang.help”) was registered on the 19th of January 2016, with “Zewang Help” listed as the owner. A fake address in the US state of Alabama is also provided.
The email address used to register the Zewang domain was also used to register “qbajar.com”.
Q Bajar appears to be some sort of dormant business opportunity.
Bank details provided on the Q Bajar website are for the Vadapalani branch of Axis Bank. Vadapalani is a neighbourhood in the city of Chennai in Tamil Nadu, India.
The currency used on the Q Bajar website is also denoted as the Indian Rupee (INR). The Zewang website used a combination of INR and USD.
At the time of publication, Alexa estimate that India is the top source of traffic to the Zewang website (34%).
Given all of this, it is extremely likely that the admin(s) of Zewang are based out of India.
Based on launch updates on the Zewang Facebook page, the company is specifically targeting Africa and South East Asia. Local support numbers at the top of the Zewang website represent the Philippines, South Africa, Indonesia, Kenya, India, China and Vietnam.
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.
The Zewang Product Line
Zewang has no retailable products or services, with affiliates only able to market Zewang affiliate membership itself.
The Zewang Compensation Plan
The Zewang compensation plan sees affiliates invest $20 to $4000 on the promise of a daily ROI.
Specifically, Zewang offer affiliates investment in two advertised plans:
- 100% monthly – invest $20 to $800 and receive a 3.3% daily ROI
- 120% monthly – invest $810 to $4000 and receive a 4% daily ROI
Affiliates who sign up and invest within 24 hours are promised an extra 5% total ROI.
Zewang affiliates are also paid to recruit new affiliates 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 of their own, 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.
Zewang cap payable unilevel levels at ten, with commissions paid out based on an affiliate’s rank:
- Manager 10 – 5% on level 1
- Manager 100 – 5% on level 1 and 4% on level 2
- Manager 1000 – 5% on level 1, 4% on level 2 and 3% on level 3
- Manager 10,000 – 5% on level 1, 4% on level 2, 3% on level 3 and 2% on level 4
- Manager 100,000 – 5% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on level 5 and 0.05% on each level thereafter
Zewang do not specify affiliate rank qualification criteria on their website.
Affiliate membership with Zewang is free, however affiliates must invest $20 to participate in the offered MLM opportunity.
Financial fraud is front and center on the Zewang website, with the company claiming
ZEWANG is not a bank, ZEWANG does not collect your money, ZEWANG is not an online business, HYIP, investment or MLM program.
Under the guise of being “a community where people help each other”, Zewang simply shuffle newly invested funds around to pay off existing investors.
The growing rates are 3.3% Daily, it means that your money will be 100% after one month.
You can help one and will get help from others which will return you a 100% increase in 7 Days to 30 days maximum.
The mechanics of the scheme see affiliates provide Zewang with their personal banking information, which is then relayed to new investors.
New investors deposit funds to existing Zewang affiliates the company directs them to. Confirmation of payment thus qualifies a new affiliate to begin receiving payments from new and existing Zewang affiliates.
Payments between Zewang affiliates adds an additional cash gifting layer to the scheme.
Despite claims to the contrary, Zewang’s business model certifies it as an MLM investment program online business.
The admin(s) running the scheme, either out of India or elsewhere, have likely created a boatload of initial positions that ensured they received the majority of initially invested funds.
Subsequent investor ROIs are now hinged on a constant influx of new victims recruited into the scheme.
Like all Ponzi schemes, if recruitment dies down Zewang will collapse.
The reality behind promises of a helpful community is that Zewang cannot pay out more than is invested, so the >100% ROIs will eventually starve the system of funds in any event.
Mathematically this guarantees that the majority of Zewang investors will lose money.