Want Cash offers no info on its web site about who owns or runs the enterprise.
Want Cash’s web site area (“wishmoney.com”) was first registered in 2006.
The area registration was final up to date with personal particulars on Could 14th, 2019.
A search on the WayBack Machine confirms that as of late final 12 months, the Want Cash area was on the market.
This implies that the present proprietor(s) took possession of the area on or round Could 2019.
Additional analysis reveals Want Cash advertising materials citing Jelson Becker as CEO of the corporate.
Outdoors of Want Cash, Becker (proper) has a heavy affiliation with faith.
Becker’s ties to faith look like coordinated by means of Ativacao Profetica, a “college of prophetic activation” in Pernambuco, Brazil.
Our purpose is to equip the Saintsand empower the Physique of Christ by means of ON LINE Coaching and Periodic Conferences in Affiliated Church buildings to ourMission Mobilization Community.
On Ativacao Profetics’s web site, Becker is known as a
easy brother and in love with the Kingdom of God.
He has been serving the Physique of Christ for many years as an apostle or prophet missionary with an emphasis on indicators and miracles … And extra not too long ago after 2009 he has served some native church buildings as a mentor and ministerial father.
I is likely to be restricted by language-barriers, however so far as I can inform Becker doesn’t have an MLM historical past previous to Want Cash.
Learn on for a full evaluation of Want Cash’s MLM alternative.
Want Cash’s Merchandise
Want Cash has no retailable services or products, with associates solely capable of market Want Cash affiliate membership itself.
Want Cash’s Compensation Plan
Want Cash associates make investments funds on the promise of an marketed 300% to 400% return.
Observe that 400% returns are topic to extra rank-based qualification standards.
Returns are paid out day by day in bitcoin at as much as 2.1%, with associates capable of put money into ten supplied tiers:
- Founder 1 – $50
- Founder 2 – $100
- Founder 3 – $250
- Founder 4 – $525
- Founder 5 – $1050
- Founder 6 – $2100
- Founder 7 – $5200
- Founder 10 – $10,000
- Founder 25 – $25,000
- Founder 50 – $50,000
Want Cash Affiliate Ranks
There are ten affiliate ranks inside Want Cash’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Mentor 1 – generate an gathered 200 factors in weaker binary staff aspect quantity
- Mentor 2 – generate an gathered 800 factors in weaker binary staff aspect quantity
- Mentor 3 – generate an gathered 4000 factors in weaker binary staff aspect quantity
- Mentor 4 – generate an gathered 10,000 factors in weaker binary staff aspect quantity
- Mentor 5 – generate an gathered 40,000 factors in weaker binary staff aspect quantity
- Mentor 6 – generate an gathered 100,000 factors in weaker binary staff aspect quantity and recruit and keep a minimum of two Mentor 3 ranked associates (one on each side of the binary staff)
- Mentor 7 – generate an gathered 300,000 factors in weaker binary staff aspect quantity and recruit and keep a minimum of two Mentor 4 ranked associates (one on each side of the binary staff)
- Mentor 8 – generate an gathered 600,000 factors in weaker binary staff aspect quantity and recruit and keep a minimum of two Mentor 5 ranked associates (one on each side of the binary staff)
- Mentor 9 – generate an gathered 1,000,000 factors in weaker binary staff aspect quantity and recruit and keep a minimum of two Mentor 6 ranked associates (one on each side of the binary staff)
- Mentor 10 – generate an gathered 2,000,000 factors in weaker binary staff aspect quantity and recruit and keep a minimum of two Mentor 7 ranked associates (one on each side of the binary staff)
Recruitment Commissions
Want Cash associates are paid 7% of funds invested by personally recruited associates.
Residual Commissions
Want Cash pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary staff, cut up into two sides (left and proper):
The primary degree of the binary staff homes two positions. The second degree 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 degree housing twice as many positions because the earlier degree.
Positions within the binary staff are stuffed by way of direct and oblique recruitment of associates. Observe there isn’t any restrict to how deep a binary staff can develop.
Residual commissions are paid as a proportion of factors generated by way of funding throughout the the binary staff.
For the aim of rank qualification, every Want Cash funding tier corresponds with a set variety of factors:
- funding on the Founder 1 tier = 10 factors
- make investments on the Founder 2 tier = 20 factors
- funding on the Founder 3 tier = 50 factors
- funding on the Founder 4 tier = 105 factors
- funding on the Founder 5 tier = 210 factors
- funding on the Founder 6 tier = 420 factors
- funding on the Founder 7 tier = 1040 factors
- funding on the Founder 10 tier = 2000 factors
- funding on the Founder 25 tier = 5000 factors
- funding on the Founder 50 tier = 10,000 factors
On the finish of every day Want Cash tallies up new funding quantity on each side of the binary staff.
Associates are paid 10% of funds invested on their weaker binary staff aspect.
As soon as paid out, quantity is matched on the stronger binary staff aspect and flushed.
Any leftover quantity on the stronger binary staff aspect is carried over into the next day.
Observe that from Founder 10 and better funding tiers cap payable residual commissions as follows:
- Founder 10 funding tier associates can earn as much as $8000 a day in residual commissions
- Founder 25 funding tier associates can earn as much as $17,500 a day in residual commissions
- Founder 50 funding tier associates can earn as much as $30,000 a day in residual commissions
Matching Bonus
Want Cash pays a Matching Bonus by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned immediately below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Want Cash caps payable unilevel staff ranges at ten.
The Matching Bonus is a 5% match on residual commissions earned throughout these ten unilevel staff ranges.
What number of ranges a Want Cash affiliate earns the Matching Bonus on is decided by rank:
- Mentor 1 ranked associates earn the Matching Bonus on one degree (personally recruited associates)
- Mentor 2 ranked associates earn the Matching Bonus on two ranges
- Mentor 3 ranked associates earn the Matching Bonus on three ranges
- Mentor 4 ranked associates earn the Matching Bonus on 4 ranges
- Mentor 5 ranked associates earn the Matching Bonus on 5 ranges
- Mentor 6 ranked associates earn the Matching Bonus on six ranges
- Mentor 7 ranked associates earn the Matching Bonus on seven ranges
- Mentor 8 ranked associates earn the Matching Bonus on eight ranges
- Mentor 9 ranked associates earn the Matching Bonus on 9 ranges
- Mentor 10 ranked associates earn the Matching Bonus on ten ranges
Rank Achievement Bonus
Want Cash rewards associates who qualify on the Mentor 6 and better ranks with the next Rank Achievement Bonuses:
- qualify at Mentor 6 and obtain a “watch”
- qualify at Mentor 7 and obtain an “worldwide journey”
- qualify at Mentor 8 and obtain a Toyota Corolla automotive
- qualify at Mentor 9 and obtain a Mercedes Benz luxurious automotive
- qualify at Mentor 10 and obtain a Lamborghini luxurious automotive
Becoming a member of Want Cash
Want Cash affiliate funding is tied to $50 to $50,000 preliminary funding.
As soon as a 300% or 400% return has been generated, reinvestment is required in an effort to proceed incomes.
Conclusion
Not content material with being only a “easy brother” for the church, Jelson Becker has evidently determined to take advantage of his non secular following… onerous.
Sometimes once we see pastors pop up within the MLM underbelly it’s by means of them herding congregations into one scheme or one other.
Right here we have now a pastor launching his very personal MLM crypto rip-off.
Want Cash’s presentation accommodates references to an “ecosystem” that encompasses WishMoney Coin, a voip app, on line casino, e-commerce platform and journey service.
So far as Want Cash’s MLM alternative goes, none of its ecosystem has something to do it besides WishMoney Coin (WSHM).
Which might be a great factor, seeing as the remainder of the ecosystem doesn’t exist but.
WSHM has no worth outdoors of Want Cash itself, and even then the interior WSHM worth just isn’t publicized.
In accordance with Want Cash’s enterprise presentation, public buying and selling wont begin till November 2019.
Till then Want Cash associates are paid to recruit new traders, on the promise of a 300% to 400% ROI.
Testomony to the actual fact WSHM isn’t value something is that returns are paid in bitcoin.
This is unnecessary, until Want Cash is soliciting funding in bitcoin. (simpler to recycle newly invested funds).
With no verifiable supply of exterior income, what ought to be apparent is that Want Cash are merely recycling newly invested funds to pay present associates a day by day return.
This makes Want Cash a Ponzi scheme.
Want Cash associates are additionally paid to recruit new affiliate traders, including a pyramid layer to the scheme.
On the time of publication Alexa cites Brazil as the most important supply of visitors to Want Cash’s web site (91%).
In accordance with Want Cash’s roadmap, there’s additionally plans to launch a number of elements of the enterprise within the US:
Because it stands Want Cash offers no proof it’s registered to supply securities in Brazil.
By means of a search of the SEC’s Edgar database, I can even verify neither Want Cash or Jelson Becker are registered to supply securities within the US.
Which means even when Want Cash’s ecosystem wasn’t a load of bullshit, the corporate continues to be working illegally in its main market (Brazil).
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will invested funds.
This may starve Want Cash of return income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.
I’m not going to faux I’m a bible professional or something, however isn’t one of many commandments “thou shalt not steal”?
How does Jelson Becker reconcile his position as a “prophet missionary” with wholesale stealing from anybody who invests in Want Cash?
Oh the lies we spin within the title of greed…