WealthBot Review – Is This A Good Opportunity Or Big Scam?
WealthBot has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling WealthBot.
I have simply gathered for you all the facts in this WealthBot Review in order for you to make a proper decision about it.
So, is it true? Is WealthBot a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is WealthBot?
On the subject of WealthBot, we’ve got an MLM entity in which its official website offers hardly any information at all in regards to background data.
Try as I did, I was unable to find any info on WealthBot’s website in relation to who owns the company, where it’s based out of, when it was founded, etc.
There are two primary domains for WealthBot, and they included “wealthbot.info” and “wealthbot.online.”
Wealthbot.online was registered on November 25, 2016, but since it was done so privately, there’s no way of seeing who the owner of it is or where the registration physically took place.
As for wealthbot.info, this was registered on December 12, 2016 and was done so by Ronald Schulz. Address info for the domain belong to InMotion Hosting, and this is a company that specializes in web-hosting services for all kinds of companies.
Aside from hosting WealthBot’s website, there doesn’t seem to be any other connection between InMotion Hosting or Ronald Schulz.
Along with this, I also tracked down a marketing video for WealthBot that features another man named Jay Michaels. Michaels is the presenter of the video, but aside from this, there’s no other evident connection between hi, and WealthBot.
What Are The Products For WealthBot
WealthBot doesn’t have any goods or services that it’s selling, and as such, the company faces a complete lack of any retail sales activity.
Its affiliates have only the affiliate membership to offer to people they want to recruit, and this is a setup that’s usually only found with entities that exist within the MLM underbelly.
What Is The Compensation Plan For WealthBot?
Although it is free to join the WealthBot affiliate program, you’ll need to invest at least $100 worth of bitcoin in order to participate with the income opportunity.
Affiliates have two “plans” they can choose to invest in, and each one allows them to earn the offered ROI in a different manner.
First of all, the Safe 90 Plan enables affiliates to earn a compounded 30% ROI while initially invested funds are locked into the WealthBot system for a 90-day period.
As for the second plan, (Safe Liquidity Plan), affiliates earn a 5% ROI that’s paid to them every 30 days. The funds that they earn can then be compounded the month that follows at a rate of 5%, or the interest and the invested funds can be taken out after 30 days.
On top of the direct ROI payments, affiliates within WealthBot can also earn referral commissions.
This money is paid through a unilevel system, and it’s based off of invest funds from other affiliate within the company.
Level 1 affiliates of yours earn you 3%, affiliates in levels 2 and 3 allow you to earn 3%, and level 4 members pay you a rate of just 1%.
What’s worth keeping in mind here is the fact that referral commissions are only paid out once a month once ROI payments have first been sent out.
What’s Does It Cost To Join WealthBot?
Interested in joining WealthBot?
If so, the affiliate membership is free to start out with.
However, you’ll need to invest a minimum of $100 worth of bitcoin in order to actually have a chance to earn from the income opportunity.
Is WealthBot A Scam?
Have you heard from a friend that WealthBot is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about WealthBot – is it a scam or legit?
Good news – WealthBot is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
WealthBot Review Conclusion
The icing on the cake with WealthBot’s shady setup is how the company is saying it’s supposedly able to earn money for the ROI it has to offer.
According to WealthBot’s website, the funds for the ROI are generated by WealthBot’s presence in Amazon’s used textbook marketplace.
The only money that’s actually coming into WealthBot is money invested by affiliates, and these funds get recycled to pay other members for the ROI the they’re expecting.
In other words, WealthBot is a Ponzi scheme.
Like we’ve seen with all other Ponzi schemes before it, WealthBot will only succeed as long as people continue to join and dump money into the company. A decrease in this activity will result in there not being money available to pay affiliates, and at this point in time, the admin(s) for WealthBot will make a break for it before anyone is the wiser.
To make matters worse, more than 40% of all traffic for WealthBot’s “.info” domain comes from the United States.
Why is this a bad thing?
In the US, any company offering an ROI based off of invested money needs to be registered with the country’s SEC.
I looked through the SEC’s Edgar database for “WealthBot”, and after searching for this and various variations of it, I didn’t find any such listing for the company.
Translation — WealthBot is offering illegal securities to citizens of the United States.
When you combine these illegal securities with the Ponzi nature of WealthBot, you end up with an MLM entity that’s nothing but bad news. Most everyone who joins will likely end up losing out, and unless you’re a fan of throwing money down the drain, I advise staying as far away from this one as possible.
I sure hope that you have found my WealthBot review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my WealthBot review to have all the information for you.
If you decide to carry forward with WealthBot, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.