WorldWide SolutionZ Scam? Yes It Is In My Opinion!
Update: WorldWide SolutionZ was shutdown on January 15, 2015.
WorldWide SolutionZ is a new business opportunity based in South Africa. The mission statement for this business is: It is every child’s birthright to go to bed with a full stomach and together we will make it happen. This is a noble mission. Let’s take a look into the opportunity and see what we find.
WorldWide SolutionZ Scam Claims
…because life is too short to settle for “normal”
Achieve financial freedom within 4 years or less helping to feed our children!
WorldWide SolutionZ Scam Reality
Owner Marelize van Niekerk-Venter
The company was started in 1999 and was launched online March of 2013.
Here is a picture of the WorldWide Solutionz office.
WorldWide SolutionZ offers two programs to make money: The Kickstart Your Dream Program and The Life Jacket Program.
The Kickstart Your Dream Program
The WWSz KickStart is one GIANT matrix that just keeps growing and growing and growing and growing.
The cost is $25 one-time to upgrade to a paid member in the program.
Inside of this giant matrix, you have your own mini giant matrix that will also keep on growing and growing.
The KickStart is a 5 x 8 matrix. This means that there are 5 spots on your first level, and there are 8 levels included in the compensation plan.
After completing level 5 you are automatically reentered into the matrix for a reentry fee of $25.
Your spot – the head of your matrix – is actually in someone else’s 1st level. And it’s in someone else’s 2nd level. And it’s in someone else’s 3rd level. And 4th, and 5th and 6th and 7th and 8th.
Members must pay the registration fee in order to generate commission for you.
You can not withdraw any money or get benefits until you have upgraded by paying the $25 registration fee.
– Source Worldwidesolutionz.com
This program is a pure pyramid scheme. There are no retail products or services to sell. To gain any benefits you have to participate in the pyramid scheme.
Modem pyramid schemes generally do not blatantly base commissions on the outright payment of fees, but instead try to disguise these payments to appear as if they are based on the sale of goods or services. The most common means employed to achieve this goal is to require a certain level of monthly purchases to qualify for commissions. While the sale of goods and services nominally generates all commissions in a system primarily funded by such purchases, in fact, those commissions are funded by purchases made to obtain the right to participate in the scheme. Each individual who profits, therefore, does so primarily from the payments of others who are themselves making payments in order to obtain their own profit. – Source FTC Division of Marketing Practices James Kohm
All sales are final. There are no refunds.
The Life Jacket Program
The Life Jacket program is an Angel Support Program. This means that anyone who wants to participate can purchase Life Jackets to support WWSz’s humanitarian efforts, and create an income for themselves at the same time.
As soon as you pay the $25 Registration Fee for the Life Jacket program, you can begin purchasing Life Jackets – as many as you want to, whenever you want to. After day 270 of your membership there is a $10 fee every 90 days. (Current limits: $25k via external funding, no limit for repurchasing.)
Each Life Jacket costs $25 and has a life-span of 90 days. During that time, you will be paid 5% each week for 12 weeks. That’s $15 on each Life Jacket (60% return in 90 days).
When the 90 days is over, the original $25 pops back up in your account balance. Just purchase, relax, enjoy, rinse, and repeat.
Remember that the money you put in this program is locked in for 90 days. You will earn 5% every week for 12 weeks, and you can withdraw up to 70% if you choose.
Withdrawal requests in the Life Jacket program are subject to the 70/30 rule. 70% will go to your eWallet, and 30% will go into your repurchase amount.
You may withdraw up to $1,000 per day to each payment processor that you have used as an external funding source for purchasing Life Jackets.
We can pay the 5% because of our “secret sauce”. Our participation in these networks generates multiple income streams, including the cash to pay the 5% weekly earnings for the Life Jacket program.
– Source Worldwidesolutionz.com
Here is a conversation that Oz from BehindMLM had with Marelize about where the money comes from for the Life Jacket Program 5% per week return.
Question: “Dollar for dollar, where does my money go when I put it into Worldwide Solutionz and how does it turn into 160% in 12 weeks over and over again?” – Oz BehindMLM
Answer: “From the businesses and jobs we create, the products we sell and the services we provide. Based on Micro Franchising, Angel Support and Job Creation.
Opportunities which we currently create jobs and generate income from:
Business and Job Opportunities
Health, Safety and Security Services, Training and Products
Food Supplements – training and distribution starting April 2014” – Marelize WorldWide SolutionZ Owner
I do not believe Marelize even a little bit. Here is why. The 5% per week return equals 260% per year. This is an incredible rate of return for an investment. Here is a list of the the rate of return on assets for the top 10 Microlender companies in the world from Forbes.
These companies are unable to get even close to the level of return Marelize is offering with her company. There is only one conclusion I can make. Worldwide SolutionZ is running a Ponzi scheme to generate their 260% yearly return rate.
WorldWide SolutionZ Scam Conclusion
Under the cover of charity and helping people, WorldWide SolutionZ runs two types of scams side by side. A Ponzi investment scam and a pyramid scheme. I would recommend you avoid this scam.