We Share Abundance is utilizing KYC to withhold affiliate withdrawal requests.
Victims of the Ponzi scheme are additionally being funneled into Ash Mufareh’s OnPassive pyramid scheme.
We Share Abundance is a Ponzi scheme run by Graham Body (proper). WSA associates make investments on the promise of an marketed 50% month-to-month ROI.
WSA returns are paid out in WESA tokens. WESA tokens are generated on demand and don’t have any worth exterior of WSA itself.
A take a look at Alexa visitors estimates for WSA’s web site reveals a flatline starting just a few weeks again.
For an MLM Ponzi scheme, recruitment of recent buyers flatlining is a one-way road to break down.
To fend off an inevitable collapse, WSA launched KYC withdrawal necessities.
As per an e mail replace despatched out by Graham Body on October twenty second, right here’s how that’s going;
I do know that many members are getting pissed off as a result of we’re thus far behind in getting them KYC verified and so capable of make withdrawals.
Rely the truth that you might be unable to withdraw at current as a blessing in disguise as a result of your WESA Tokens are growing in worth as you’ll be able to see in your member space dashboard.
Body arbitrarily units the interior WESA token worth as he sees match. Associates are solely capable of money out by an inner trade.
Along with hiding behind KYC to decelerate withdrawals, WSA every day ROI funds have additionally gone lacking.
We’re conscious of different bugs within the system together with the discount of days in suspended accounts.
We now have nonetheless rectified the code eliminating the bug. As at all times we are going to make good any losses.
On the time of publication Alexa ranks the US as the most important supply of visitors to We Share Abundance’s web site (29%).
Neither WSA or Graham Body are registered with the SEC, which means with or with out KYC pseudo-compliance, the corporate operates illegally within the US.
In what is probably going an try and supply different income, Body has begun funneling WSA affiliate buyers into OnPassive.
Body claims that OnPassive and proprietor Ash Mufareh are “consistent with (WSA’s) personal mission and objectives”.
Being a Ponzi scheme, WSA’s solely mission and aim is to steal as a lot cash from as many individuals as doable.
Body is pitching OnPassive to WSA affiliate buyers as a $97 Founder Membership scheme.
As soon as signed up underneath Body, WSA associates are capable of declare their $97 OnPassive affiliate charge again.
After you have used the hyperlink supplied to you and paid the charge add your proof of fee right here and we are going to credit score your WSA US$ Pockets with nthe [sic] precise quantity you paid.
Body can’t generate USD out of skinny air to cowl OnPassive affiliate membership charge funds. That brings us again to the comfort of chosen WSA associates with the ability to withdraw.
OnPassive is a matrix script pyramid scheme Ash Mufareh (proper) began in 2018.
Below the guise of creating an AI advertising system…
OnPassive is a futuristic compliation [sic] of merchandise and servces [sic] that can present every little thing you want on-line, be it for enterprise or private use.
…Mufareh collects $97 OnPassive Founder Membership charge funds.
As soon as signed up, OnPassive associates are paid to recruit new associates.
BehindMLM revealed our OnPassive overview in January 2019. Happening roughly two and a half years post-launch, OnPassive nonetheless has no retailable services or products.
Previous to WSA and OnPassive, Each Graham Body and Ash Mufareh have an extended historical past of involvement in scams.
Replace thirteenth November 2020 – It appears even with KYC restrictions, individuals are nonetheless attempting to withdraw funds WSA represents exist of their backoffice.
This has made Graham Body large mad, as evidenced by an admin e mail despatched out on November tenth;
Notice that no additional withdrawal requests can be accepted dated after at the moment till all current tokens are cleared from the trade.
This motion has been necessitated by members breaking tips in frustration, promoting at very low costs.
The one method to clear tokens from the trade is to recruit new victims who purchase them.
If that was taking place Body wouldn’t be proscribing withdrawals. Quite than the inevitable race to the underside, Body has simply stopped the race altogether.
Replace 18th November 2020 – Graham Body has tightened the withdrawal screws even additional, signalling he solely intends to pay out recruiters.
Replace nineteenth Might 2021 – We Share Abundance has collapsed. Graham Body has introduced a Wesa Coin reboot.