Prime Worldwide Membership operates within the cryptocurrency MLM area of interest.
The corporate doesn’t present a company tackle on its web site.
Supposedly heading up Prime Worldwide Membership is CEO Victor Janowitz.
Janowitz doesn’t have a digital footprint outdoors of Prime Worldwide Membership.
It is a crimson flag in and of itself, but in addition suggests Victor Janowitz is perhaps an alias.
In line with his Prime Worldwide company bio, Janowitz was
born in Poland and radicalized [sic] in Brazil and Autralia [sic].
Official Prime Worldwide Membership advertising movies are hosted by Charleston “Charles” Silvestre.
Silvestre seems to have gotten concerned in MLM by way of Noni Worldwide.
Previous to selling MLM cryptocurrency schemes, Silvestre was giving relationship recommendation on YouTube:
Silvestre is believed to have twin US and Brazilian citizenship. As per Silvestre’s Fb profile, he usually resides in Massachusetts.
Primarily based on his social media exercise, Silvestre is believed to at the moment be travelling by way of Espirito Santo, Brazil.
On August nineteenth a video was uploaded to Prime Worldwide Membership’s official YouTube channel that includes each Silvestre and Janowitz in the identical room.
Thus it seems Prime Worldwide Membership is being run out of Espirito Santo, Brazil.
Learn on for a full overview of Prime Worldwide Membership’s MLM alternative.
Prime Worldwide Membership’s Merchandise
Prime Worldwide Membership has no retailable services or products.
Associates are solely in a position to market Prime Worldwide Membership affiliate membership itself.
Prime Worldwide Membership’s Compensation Plan
Prime Worldwide Membership associates make investments funds on the promise of a 300% ROI, paid at 3.3% a day.
Prime Worldwide Membership solicits funding at particular quantities between $25 to $20,000:
- Pack 1 – $25
- Pack 2 – $100
- Pack 3 – $300
- Pack 4 – $500
- Pack 5 – $1000
- Pack 6 – $3000
- Pack 7 – $5000
- Pack 8 – $10,000
- Pack 9 – $20,000
Apparently anybody not glad with Prime Worldwide Membership’s funding tiers can demand to take a position extra:
How a lot an Prime Worldwide Membership affiliate invests dictates how a lot they will withdraw every day.
Withdrawals are capped on the highest Pack invested in. E.g. Pack 7 associates can withdraw as much as $5000 a day.
Minimal withdrawal limits between $20 to $500 additionally apply.
The MLM facet of Prime Worldwide Membership’s compensation plan pays on funding by recruited associates.
Residual Commissions (unilevel)
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, 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 workforce.
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.
Prime Worldwide Membership caps payable unilevel workforce ranges at 5.
Residual unilevel commissions are paid out as a share of funds invested throughout these 5 ranges as follows:
- stage 1 (personally recruited associates) – 5%
- stage 2 – 4%
- stage 3 – 3%
- stage 4 – 2%
- stage 5 – 1%
Residual Commissions (binary)
To qualify for residual binary commissions, a Prime Worldwide Membership affiliate should recruit two associates who’ve invested.
A binary compensation construction locations an affiliate on the high of a binary workforce, break up into two sides (left and proper):
The primary stage of the binary workforce homes two positions. The second stage of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary workforce are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary workforce are crammed through direct and oblique recruitment of associates. Notice there is no such thing as a restrict to how deep a binary workforce can develop.
Every Prime Worldwide Membership Pack funding corresponds with a set quantity of gross sales quantity (BV):
- Pack 1 – 5 BV
- Pack 2 – 20 BV
- Pack 3 – 26 BV
- Pack 4 – 100 BV
- Pack 5 – 200 BV
- Pack 6 – 600 BV
- Pack 7 – 1000 BV
- Pack 8 – 1000 BV
- Pack 9 – 1000 BV
On the finish of every day Prime Worldwide Membership tallies up new BV generated throughout the primary twelve ranges of the binary workforce.
Associates are paid 50% of BV generated on the weaker binary workforce facet.
Rank Achievement Bonus
Prime Worldwide Membership associates earn a Rank Achievement Bonus for producing accrued BV quantity on their weaker binary workforce facet.
- Gold (generate 30,000 BV) = $250
- Ruby (generate 50,000 BV) = $500
- Emerald (generate 100,000 BV) = $1000
- Sapphire (generate 200,000 BV) = “a visit value $3000”
- Diamond (generate 500,000 BV) = “obtain a watch value $5000”
- Ambassador (generate 1,000,000 BV) = obtain a automobile value $30,000″
- Emperor (generate 3,000,000 BV) = obtain a Ferrari value $250,000″
Becoming a member of Prime Worldwide Membership
Prime Worldwide Membership affiliate membership is tied to an preliminary $25 to $20,000 invesmtent.
Notice that though USD is quoted, all funds inside Prime Worldwide Membership are made in bitcoin.
Conclusion
Prime Worldwide Membership represents it generates exterior income through “day buying and selling”.
If Victor Janowitz and Charleston Silvestre had been truly producing 3.3% a day from day buying and selling, they wouldn’t offer it to you for as little as $25.
Not withstanding there is no such thing as a proof of Prime Worldwide Membership producing exterior income that it makes use of to pay withdrawals, through day buying and selling or in any other case.
Moreover Prime Worldwide Membership’s passive funding alternative constitutes a securities providing.
Prime Worldwide Membership offers no indication it has registered with monetary regulators within the US or Brazil.
Securities within the US are regulated by the SEC. A search of the SEC’s public Edgar database turns up nothing for Prime Worldwide Membership, Victor Janowitz or Charleston Silvestre.
Which means at a minimal, Prime Worldwide Membership is committing securities fraud.
The one cause an MLM firm commits securities fraud is as a result of it isn’t doing what it claims to be.
Because it stands the one verifiable income coming into Prime Worldwide Membership is new funding.
Utilizing new funding to pay associates a day by day 3.3% ROI makes Prime Worldwide Membership a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Prime Worldwide Membership of ROI income, finally prompting a collapse.
The mathematics behind MLM Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.