Wantage One claims to be ‘operated by a Swedish Credit score Union‘.
Its operations are managed by Wantage One AB, a subsidiary of Wellmont Capital Group N.V.
Wellmont Capital is a part of Antony Norman’s present secure of shell firm schemes.
Norman first appeared on BehindMLM’s radar in 2014, as CEO of ViralAngels.
ViralAngels was a short-lived pyramid scheme with a securities fraud backend.
In January 2017 the Angel Enterprise Membership Ponzi emerged, and gave the impression to be a brand new iteration of the ViralAngels rip-off.
Norman didn’t publicly entrance Angel Enterprise Membership, however is believed to have been concerned via its Angel Fairness Worldwide (included across the time ViralAngels collapsed).
Angel Enterprise Membership because the Ponzi scheme we reviewed in 2017 was once more short-lived.
As we speak it nonetheless exists as a part of Angel Fairness Worldwide, however solely as a “non-public fairness neighborhood”.
As we speak Angel Enterprise Membership claims membership offers “free shares in our thrilling portfolio of corporations”.
Wantage One seems to be a kind of corporations. Different corporations tied to Wellmont Capital embody Bakuhatsu and the The Sprinkle Group.
Learn on for a full assessment of the Wantage One MLM alternative.
Wantage One’s Merchandise
Wantage One has no retailable services or products, with associates solely capable of market Wantage One affiliate membership itself.
Wantage One’s Compensation Plan
Wantage One associates make investments funds on the promise of 0.3% to 1.8% weekly returns.
- Affiliate – make investments $250 and obtain a 0.3% weekly return
- Staff Affiliate – make investments $500 and obtain a 0.7% weekly return
- Ruby – make investments $1000 and obtain a 0.9% weekly return
- Emerald – make investments $3000 and obtain a 1.1% weekly return
- Diamond – make investments $5000 and obtain a 1.5% weekly return
- Blue Diamond – make investments $10,000, $25,000 or $50,000 and obtain a 1.8% weekly return
Notice that Wantage One lock investments for fifteen months.
Returns are paid 60% in bitcoin and 40% in “liquid fairness tokens”.
Wantage One Affiliate Ranks
There are eleven affiliate ranks inside Wantage One’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – make investments $250 and recruit a minimum of two associates who’ve every invested (one positioned on each side of the binary staff)
- Staff Affiliate – make investments $500 and recruit a minimum of two Associates (rank), one positioned on each side of the binary staff
- Ruby – make investments $1000 and recruit a minimum of two Staff Associates, one positioned on each side of the binary staff
- Emerald – make investments $3000 and recruit a minimum of two Rubies, one positioned on each side of the binary staff
- Diamond – make investments $5000 and recruit a minimum of two Emeralds, one positioned on each side of the binary staff
- Blue Diamond – make investments $10,000, $25,000 or $50,000 and recruit a minimum of two Diamonds, one positioned on each side of the binary staff
- Crown Diamond – recruit a minimum of two Black Diamonds, one positioned on each side of the binary staff
- Ambassador – recruit a minimum of two Crown Diamonds, one positioned on each side of the binary staff
- Crown Ambassador – recruit a minimum of two Ambassadors, one positioned on each side of the binary staff
- World Ambassador – recruit a minimum of two Crown Ambassadors, one positioned on each side of the binary staff
Wantage One’s compensation plan ties earlier ranks to funding, nonetheless it’s not explicitly clear whether or not an affiliate can join $100 and progress with out funding (recruitment is obligatory).
Referral Commissions
Wantage One associates are paid a ten% referral fee on funds invested by personally recruited associates.
Residual Commissions
Wantage one pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, break up into two sides (left and proper):
The primary stage of the binary staff homes two positions. The second stage of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary staff are crammed through direct and oblique recruitment of associates. Notice there isn’t any restrict to how deep a binary staff can develop.
On the finish of every week Wantage One tallies up new funding quantity on each side of the binary staff.
Associates are paid a ten% residual fee on funds invested on their weaker binary staff facet.
Notice that how a lot a Wantage One affiliate has invested determines how a lot they will in earn in residual commissions every week:
- Associates earn as much as $500 in residual commissions every week
- Staff Associates earn as much as $1000 in residual commissions every week
- Rubies earn as much as $2500 in residual commissions every week
- Emeralds earn as much as $5000 in residual commissions every week
- Diamonds earn as much as $10,000 in residual commissions every week
- Blue Diamonds and better earn as much as $25,000 in residual commissions every week
As soon as residual commissions have been paid, Wantage One flushed paid out quantity from each side of the binary staff.
Any leftover quantity on the stronger binary staff facet is carried over into the next week.
Matching Bonus
Wantage One pays a Matching Bonus through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned immediately beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Wantage One caps the Matching Bonus at 5 unilevel staff ranges.
Ruby and better ranked associates earn the Matching Bonus on residual commissions earned throughout these 5 ranges as follows:
- Rubies earn a 5% match on stage 1 (personally recruited associates)
- Emeralds earn a 5% match on ranges 1 and a pair of
- Diamonds earn a 5% match on ranges 1 to three
- Blue Diamond earn a 5% match on ranges 1 to three and 10% on stage 4
- Black Diamonds and better earn a 5% match on ranges 1 to three, 10% on stage 4 and 15% on stage 5
World Diamond & Ambassador Swimming pools
Wantage One Diamond and Ambassador rank associates earn shares in corresponding Diamond and Ambassador Swimming pools.
Particular particulars about every pool, aside from shares earned are paid out twice a 12 months, should not supplied.
Notice that the Diamond Pool covers all Diamond ranks, as does the Ambassador Pool cowl all Ambassador ranks.
Becoming a member of Wantage One
Wantage One affiliate membership is tied to a $250 to $50,000 funding.
There may be additionally a $100 affiliate membership possibility, nonetheless this doesn’t seem to have something to do with the hooked up MLM alternative.
Notice that the extra a brand new affiliate invests, the upper their revenue potential through Wantage One’s compensation plan.
Conclusion
Wantage One claims to generate exterior income via the usage of AI buying and selling bots.
That is in line with all of Antony Norman’s Wellmont Capital scams, which could be traced again to Norman’s acquisition of IQ Chain.
At no level did IQ Chain or any of the subsequently launched Wellmont Capital scams present any proof of a bot getting used to generate exterior income.
Neither is there any proof of exterior income getting used to pay associates, which means Wantage One is working as a Ponzi scheme.
Hardly stunning when you think about Antony Norman has been launching fraudulent enterprise alternatives since a minimum of 2014.
In an try and woo buyers, Wantage One claims to have an underwriting assure by Blue Hills Capital.
Blue Hills Capital is a UK company that didn’t exist till Could 2019.
UK incorporation is grime low-cost and for essentially the most half unregulated. It’s a favored jurisdiction for scammers trying to incorporate dodgy corporations.
Secure to say Blue Hills Capital isn’t underwriting something and is simply one other Antony Norman shell firm.
As with the remainder of Norman’s Wellmont Capital Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
That’ll starve Wantage One in all ROI income, finally prompting a collapse.
Not that it actually issues, as a result of fifteen months is loads of time for Norman and buddies to do a runner together with your cash.
Weary of strict regulation within the west, Wantage One states it’s “not accessible” within the US or Canada.
As a substitute Norman is concentrating on European buyers, particularly in Austria and Italy.
On the time of publication Alexa cites Austria as offering 62% of visitors to Wantage One’s web site. Italy is second at 26%.
Neither Wantage One, Wellmont Capital, Antony Norman or any of his different shell corporations are registered to supply securities anyplace in Europe.
And that’s not the one layer of securities fraud Norman is engaged in via Wantage One.
In response to their advertising materials, Wantage One are illegally providing buyers shares in Wellmont Capital:
Antony Norman apparently “stunned” himself by illegally providing fictional shares in one among his scams via one other of his scams. Go determine.