Beware of Wombia – Review

On its website, Wombia makes no mention of the company’s owners or executives.

On July 16, 2021, Wombia’s website domain (“wombia.com”) was privately registered.

Wombia produces a UK incorporation certificate for Wombia Multinational Company Limited to seem authentic.

An MLM firm that is based in the UK or that makes that claim should raise red flags.

The UK offers incredibly inexpensive and essentially unrestricted incorporation. Additionally, the FCA, the UK’s leading financial regulator, does not actively combat securities fraud associated with MLM.

As a result, scammers seeking to establish, run and publicize fictitious businesses frequently choose the UK as their preferred country.

Incorporation in the UK or registration with the FCA has no significance for MLM due diligence.

Additionally, Wombia offers a certificate of incorporation from Nigeria for Wombia Integrated Resources LTD.

Basic incorporation anyplace has no value in terms of due diligence.

The promotional films for Wombia use a robot voice. This is characteristic of non-native English speakers who manage schemes.

Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.

Products from Wombia

Wombia doesn’t provide any goods or services for sale.

The Wombia affiliate membership itself is the only thing that affiliates may promote.

Compensation Plan for Wombia

Affiliates of Wombia make cryptocurrency investments in anticipation of the promised returns:

Start-Up: Invest $25–$99,999 to get 1.5 percent interest for 150 days (225 percent return on investment); 75% of the initial investment must be reinvested.

Trader: Invest between $10,000 and $24,999 to obtain 2% interest for 130 days (260% ROI), however only 50% of the money must be reinvested.

Professional: Invest between $25,000 and $49,999 to gain 2.5 percent daily interest for 120 days (a 300 percent return on investment).

Evolution: If you invest $50,000 or more, you’ll get 3 percent daily interest for 100 days (300 percent ROI)

Take note that Wombia charges a 10% fee for each withdrawal.

Wombat’s MLM division offers commissions on the hiring of affiliate investors.

Advisory Commissions

Wombia pays a 2 to 10% commission on all cryptocurrency investments made by personally selected affiliates.

acquire fifty affiliates to reach the requirement for the 2% referral commission rate

and acquire 100 affiliates to be eligible for a 5% referral commission rate.

acquire 200 affiliates to be eligible for a 10% referral commission rate.

Recurring Commissions

Wombia uses a binary compensation scheme to pay residual commissions.

An affiliate is positioned at the head of a binary team that is divided into two sides (left and right) by a binary remuneration structure:

The binary team’s initial level has two slots. These initial two places are divided into another two positions each to create the second level of the binary team (4 positions).

The binary team is formed in stages, with each stage containing twice as many slots as the preceding stage.

Direct and indirect affiliate recruiting is used to fill positions on the binary team. The depth to which a binary team can expand is unbounded.

Each day’s fresh investment volume on both sides of the binary team is totaled by Wombia after the day.

Affiliates receive 10% of profits made on the side of their weaker binary team, up to a certain amount according to their investment:

Affiliates in the Start-Up category are limited to $2500 in daily residual commissions.

Affiliates on the trader tier are limited to $5000 in daily residual commissions.

Affiliates in the professional category are limited to $7500 in daily residual commissions.

Affiliates in the Evolution tier are limited to $10,000 in daily residual commissions.

Bonuses for achieving Ranks

Wombia offers the following one-time Rank Achievement Bonuses to affiliates:

Agent, to be eligible for a $1,000 incentive, you must achieve $30,000 in investment volume across both of your binary teams.

Rank 2: To get a $2000 prize and a Rolex watch, your binary team must create $60,000 in investment volume on both sides.

To reach rank 3 and be eligible for a $3000 prize, an iPhone 13 Pro, and “franchise advantages,” you must create $90,000 in investment volume on both sides of your binary team.

Rank 4: Reach a combined investment volume of $125,000 on both of your binary teams to be eligible for a $4500 bonus, an Apple Watch, and a laptop.

Earn $175,000 in investment volume on both sides of your binary team to place in position five and earn a bonus of $6,000 plus a “7 days/8 nights trip to Europe.”

To get a $10,000 prize, a “sports automobile,” and a $2500 monthly “fixed wage,” you must create $300,000 in investment volume on both sides of your binary team to place in the sixth position.

It costs nothing to become a Wombia associate member. The linked income opportunity requires a minimum commitment of $25 to be fully participated in.

Investment in Tron, litecoin, dogecoin, bitcoin cash, and other cryptocurrencies is sought after by Wombia.

Wombia Summary

An example MLM crypto Ponzi marketing scheme is presented by Wombia:

Wombia is an investment firm that provides its clients with excellent returns while working to capitalize on the volatility of cryptocurrencies.

There is no proof of generating income from other sources.

Wombia also fails the logic of the Ponzi test. What does Wombia need your money for if they already have a team that is generating “excellent returns”?

Right now, new investment is the sole provable source of income entering Wombia.

Wombia is a Ponzi scam because it pays affiliate withdrawals with new investments.

Like all Ponzi schemes, the fresh investment will stop when recruiting does.

This will deprive Wombia of ROI income, leading to its eventual collapse.

The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.

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