Algotech was a Ponzi scheme that surfaced just a few months in the past.
The rip-off didn’t final lengthy earlier than it collapsed. At time of publication Algotech’s web site has been disabled.
Earlier than it was pulled, right here’s what the footer of Algotech’s web site regarded like:
Right here’s what the footer of WinWheel’s web site appears to be like like at the moment:
Presumably former Algotech associates are additionally selling WinWheel as a reboot of the corporate:
WinWheel supplies no details about who owns or runs the corporate on its web site.
WinWheel’s web site area (“winwheel.com”), was first registered in 2013.
The personal registration was final up to date on November tenth, 2021. That is the assumed date the present proprietor(s) took possession of the area.
As revealed in BehindMLM’s Algotech evaluation, the corporate was owned by Klas Magnus Nilsson.
Nilsson probably owns or at the least half owns the WinWheel reboot.
If Algotech’s Grasp Distributor Daniel Grenon continues to be on board, that’s being stored below wraps.
In Grenon’s place we now have Staffan Liback fronting WinWheel.
Liback is working with the Steinkeller brothers and Simon Le.
Liback, the Steinkeller brothers and Le are all infamous OneCoin Ponzi scammers.
A couple of months earlier than Ruja Ignatova disappeared, the Steinkeller brothers deserted their 2.5 million euro a month OneCoin place.
They left the place within the palms of Staffan Liback, who promptly tanked it (OneCoin collapsing in January 2018 didn’t assist).
Having fled to Dubai, the MLM rip-off capital of the world, the Steinkellers maintained a low profile for just a few years.
In mid 2019 they resurfaced with Planet Influence. At the moment Planet Influence isn’t any extra.
Staffan Liback’s departure was in stark distinction to the Steinkeller brothers. Liback slunk away and lay low in Thailand.
In 2019 Liback resurfaced alongside OneCoin cash launderer Frank Ricketts, to entrance the Cloud Horizon Ponzi scheme.
Liback is believed to have cashed out and ditched Cloud Horizon in late 2020.
In December 2020 Liback was selling OmegaPro, one other MLM Ponzi scheme. He was additionally an authentic Algotech promoter.
Simon Le, considered one of OneCoin’s high earners (he pillaged south-east Asia), additionally quietly slunk away to Vietnam after the Ponzi collapsed.
In early 2020 Le launched his personal OneCoin clone, OneLink.
OneLink lasted just a few months earlier than Le rebooted it as World Sponsorship Community.
Le has rebooted World Sponsorship Community three or 4 occasions now. It appears he’s lastly given up and is now seeking to funnel what’s left of his SEA following into WinWheel.
Overseeing Liback, the Steinkeller brothers and Le is Nigel Allan.
In a single WinWheel advertising and marketing video, Liback states;
At the moment I’ll introduce to you one of many absolute causes for us being on this name.
I do know that this gentleman … Mr. Nigel Allan, has been introducing Hook up with us.
With out him and his connection to it, we might not get this chance.
We’ll get into Join within the conclusion of this evaluation.
Nigel Allan served as President of OneCoin very early on.
Earlier than OneCoin Allan fronted the Good Carbon scheme. Allan both cashed out or was fired from OneCoin, it relies upon who you ask.
After OneCoin Allan positioned himself as Grasp Distributor for the Crypto888 Membership Ponzi scheme.
In our printed Crypto888 Membership evaluation, we suspected Allan was behind the rip-off.
After Crypto888 Membership collapsed in early 2016, later that very same 12 months he launched Energy On Community.
Energy On Community noticed Allan return to the “environmental” rip-off mannequin pre OneCoin, this time with cryptocurrency.
Energy On Community collapsed in mid 2017.
As all the time, if an MLM firm will not be brazenly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
WinWheel’s Merchandise
WinWheel has no retailable services or products.
Associates are solely capable of market WinWheel affiliate membership itself.
WinWheel’s Compensation Plan
WinWheel’s compensation plan is a complicated mess.
You’ve got three fundamental parts:
- funding and funding commissions
- an app you run to generate cryptocurrency returns
- bonuses based mostly on use of the app
I’ve executed my finest to breakdown these parts under.
WinWheel Funding Commissions
WinWheel associates make investments 100 to 1000 USDT:
- Entry Pack – make investments 100 USDT
- Customary Pack – make investments 500 USDT and get a 500 USDT Join funding contract
- Knowledgeable Pack – make investments 1000 USDT and get a 1000 USDT Join funding
That is executed on the promise of a 400% ROI.
WinWheel pays out the return through a binary type straight line compensation construction.
When an affiliate is recruited into WinWheel, they’re positioned on the top of both the left or proper aspect of WinWheel’s company-wide family tree.
Right here’s the corporate’s official diagram:
Within the middle you’ve WinWheel’s company admin place. The primary affiliate place (“A”) is positioned on the best of those place.
The following place crammed, no matter whether or not recruitment is attributed to the company or affiliate place, is positioned on the best (“B”).
This continues for each affiliate recruited. WinWheel’s system locations them both on the finish of the left or proper line, whichever is behind a place.
The 400% ROI is funded through WIN Factors, generated when associates recruited into WinWheel make investments.
- recruitment of an Entry Pack affiliate generates 25 WIN Factors
- recruitment of a Customary Pack affiliate generates 250 WIN Factors
- recruitment of an Knowledgeable Pack affiliate generates 500 WIN Factors
What a WinWheel affiliate will get paid on is generated WIN Factors on their weaker straight-line aspect.
That’s both to the left or proper of their place, whichever aspect generates much less WIN Factors for the day.
WinWheel’s compensation documentation states the corporate pays out “as much as 10%” on generated WIN Level quantity.
This continues till a 400% ROI is realized, at which level reinvestment is required to proceed incomes.
Observe that how the 400% is calculated is decided by private recruitment efforts:
- recruit and keep two Customary or Knowledgeable tier associates and the 400% cap is made up of as much as 10% of group WIN Level quantity and 90% of non-public quantity
- recruit and keep 4 Customary or Knowledgeable tier associates and the 400% cap is made up of 15% of group WIN Level quantity and 85% of non-public quantity
- recruit and keep six Customary or Knowledgeable tier associates and the 400% cap is made up of 20% of group WIN Level quantity and 80% of non-public quantity
- recruit and keep ten Customary or Knowledgeable tier associates and the 400% cap is made up of 25% of group WIN Level quantity and 75% of non-public quantity
- recruit and keep fifteen Customary or Knowledgeable tier associates and the 400% cap is made up of 30% of group WIN Level quantity and 70% of non-public quantity
- recruit and keep twenty Customary or Knowledgeable tier associates and the 400% cap is made up of 40% of group WIN Level quantity and 60% of non-public quantity
In a nutshell, the extra a WinWheel affiliate recruits the extra their 400% is paid passively from the recruitment efforts of others.
WinWheel’s compensation documentation means that within the occasion a 400% ROI will not be realized inside 90 days, associates are compelled to reinvest anyway.
WIN Blockchain Funding Scheme
To qualify for the WIN Blockchain Funding scheme, a WinWheel affiliate should
- have invested at the least $2000 USDT into Entry, Customary and/or Knowledgeable Packs;
- recruited 5 associates who’ve additionally invested at the least $2000 USDT; and
- run Join app software program for at the least 6 hours a day.
Certified WIN Blockchain Funding scheme associates
- obtain an extra 10% of funds invested by personally recruited associates; and
- obtain 10% on returns obtained by degree 2 and degree 3 associates.
There are additionally 5 bonus swimming pools, funded by 30% of company-wide funding.
- LaunchPad Block – 5% of put aside funds, paid to all WIN Blockchain Funding Scheme certified associates
- JetPack Block – 20% of put aside funds, paid to high 50,000 WIN Blockchain Funding Scheme certified associates
- Rocket Block – 25% of put aside funds, paid to high 5000 WIN Blockchain Funding Scheme certified associates
- StarFighter Block – 25% of put aside funds, paid to high 500 WIN Blockchain Funding Scheme certified associates
- BlockchainJedi Block – 25% of put aside funds, paid to high 50 WIN Blockchain Funding Scheme certified associates
How does WinWheel rank associates within the firm?
I’m not even going to hassle explaining all that. The lengthy and the in need of it’s the extra you and your WinWheel group steal from others, the extra factors you get and the upper ranked you might be.
WinWheel associates obtain their bonus pool quantities as:
- 25% equally amongst each WIN Blockchain Funding scheme certified affiliate; and
- 75% pro-rata based mostly on WIN Motion Factors era.
Becoming a member of WinWheel
WinWheel affiliate membership is tied to a $100 to $1000 funding in USDT (tether).
Upon reaching a 400% ROI, reinvestment is required to proceed earnings.
WinWheel Conclusion
WinWheel is kind of probably probably the most convoluted crypto bro scheme I’ve come throughout but.
There are such a lot of hoops to leap via and so many layers of nonsense, all to cover the basic move of cash from new traders to those that’ve already invested.
Then there’s the scammers behind it, every with their lengthy historical past of Ponzi and pyramid schemes.
The only real fascinating part of WinWheel is its connection to Join.
WinWheel’s cryptocurrency part, together with its WIN Factors, runs via Join.
Maintain BTC, ETH, GREEN, GALA, and WIN in a single place! (Extra quickly!)
As you’ll be able to see, Join is just about a shitcoin manufacturing facility in its personal proper. Inexperienced is a few shitcoin the Steinkeller brothers are pusing.
WinWheel’s web site phrases and situations represents the corporate is built-in into Join.
These Phrases and Situations represent the Use Settlement and Phrases of Service between connectblockchain.web (known as “CONNECT”) and any particular person, affiliate, win Node, buyer, or entity (referred because the “Consumer”) using CONNECT, its manufacturers, software program, merchandise, options and companies.
The WIN Blockchain is used throughout the CONNECT Neighborhood to take care of a file of actions by its members and associates.
Outlined actions by an affiliate throughout the neighborhood’s Share program are awarded factors and rating throughout the neighborhood.
Prime rating members and associates could also be rewarded with WIN, the WIN Blockchain’s native reward, for his or her contribution to the CONNECT Neighborhood.
Virtually appears like they’re one and the identical firm.
So who’s working Join? Yeah, that’s not disclosed.
What we do get are two Join company addresses. One in Utah, shared with a bunch of regulation companies, and a PO Field in Wyoming.
Though its area registration was final up to date in 2019, visitors to Join’s web site was lifeless till just a few months in the past:
This coincides with WinWheel, Inexperienced and the opposite shitcoin launches.
Additional analysis reveals Stephen Michael Miller citing himself as President of Join on LinkedIn.
Miller seems in WinWheel/Join advertising and marketing movies and seems to be the face of the corporate.
As per his LinkedIn profile, Miller is predicated out of Utah within the US.
With respect to regulation, Alexa pegs 87% of Join’s web site visitors as originating from the US.
Winwheel seems to have up to now solely caught on in Kazakhstan, bringing in simply over half of its web site visitors (52%).
Neither Join, WinWheel, the Steinkeller brothers, Staffan Liback, Simon Le or Stephen Miller are registered with the SEC.
As high promoters of OneCoin, there’s additionally the chance the Steinkellers, Liback and Le are individuals of curiosity within the DOJ’s ongoing OneCoin felony investigation.
To summarize, WinWheel is a Ponzi scheme with ties to Join, an unknown blockchain firm representing it’s based mostly out of the US.
Each firms are run by and/or promoted by serial-scammers, with enterprise fashions showing to be deliberately convoluted in order to confuse individuals.
Cash doesn’t final eternally and they also’ve teamed as much as launch one more MLM crypto rip-off.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.
Look no additional than any Ponzi scheme the Steinkeller brothers, Liback or Le have promoted for proof of this.
Replace twelfth March 2022 – WinWheel seems to have already collapsed.
At time of publication WinWheel’s web site area has been deserted.
Join’s “Join Blockchain” branding has additionally been deserted. Join now goes by “Join United”.
Join United is working its personal funding scheme:
Buy BlockBot and begin incomes rewards by contributing energy, connectivity and processing energy to the blockchain.
Sit Again and Earn. BlockBot does all of the work. You simply sit again and watch the rewards are available in.
Join United isn’t registered with the SEC so this constitutes securities fraud.
Alexa presently ranks the US as the highest supply of visitors to Join United’s web site (74%).