Beware of Eaconomy – Review

Eaconomy was evaluated for the first time on BehindMLM in May 2019.

The initial launch of Eaconomy failed in less than a year.

The brand was inactive until April 2021, when it was restored by owner Hassan Mahmoud (right).

Following the revival of Eaconomy, the MLM company was established through Beyond Wealth.

In a nutshell, you had a variety of trading and cryptocurrency options. The US economy simply sent indications.

Beyond Wealth’s “Achilles” automated trading bot was used to perpetrate securities fraud outside of the United States.

In no country is Eaconomy or Beyond Wealth registered to provide securities.

The business model has changed since covering Eaconomy’s rebirth in April 2021.

We return to Eaconomy today for an update on their MLM offer.

Hassan Mahmoud, the company’s founder, is still in charge.

In our original Eaconomy review, we discussed Mahmoud’s MLM background.

Products of the Economy
Eaconomy offers two types of monthly subscription memberships:

Elite – $149, then $99 a month
Elite Pro – $235 up front, then $149 each month
The automated trading bot, called “Aithena,” is the key distinction between the two options.

Aithena is exclusively accessible through Elite Pro. Elite Pro is rumored to be unavailable in the United States.

Subscriptions to Eaconomy also provide access to the following services:

Forex trading education is provided by ECA.
Manual signals – Eminus
Manara is an artificial intelligence forex trading scanner.
Hercules is described as “the ultimate DCA technique that harnesses A.I.”
A CoinZoom wallet is an intriguing change from Eaconomy’s April 2021 release. Beyond Wealth’s in-house “Beyond Wallet” has been replaced.

I’m not sure what the narrative is.

The Compensation Plan of Eaconomy
The compensation model at Eaconomy is based on the selling of monthly memberships to retail consumers and recruited affiliates.

Commissions are linked to ranks, which are twelve in Eaconomy’s pay plan:

Apprentice – sell and maintain three subscriptions (divided 2/1 or 1/2), generating 297 GV during a four-week period.
Influencer 500 – maintain three personally sold memberships, produce 1980 GV in a four-week rolling period, and have a total downline of twenty recruited affiliates (divided 10/10).
Influencer 900 – maintain three personally sold memberships, produce 3960 GV in a four-week rolling period, and have a total downline of forty recruited affiliates (divided 20/20).
Influencer 1500 – maintain three individually sold memberships, produce 7920 GV over a four-week rolling period, and have a total downline of eighty affiliates (40/40 split).
Prodigy 3K – retain three personally sold memberships, produce 14,850 GV over a four-week rolling period, and have a total downline of 150 affiliates (divided 75/75).
Prodigy 5K – sell and maintain four memberships, produce 39,600 GV over a four-week rolling period, and have a total downline of 400 affiliates (divided 200/200).
Icon 9 – sell and maintain six memberships, produce 74,250 GV over a four-week rolling period, and have a total downline of 750 affiliates (divided 375/375).
Icon 15 – sell and maintain seven memberships, create 99,000 GV in a four-week rolling period, and have a total downline of 1,000 affiliates (divided 500/500).
Icon 25 – sell and maintain eight memberships, earn 198,000 GV in a four-week rolling period, and have a total downline of two thousand affiliates (divided 1000/1000).
Icon 50 – sell and maintain nine memberships, produce 396,000 GV during a four-week rolling period, and have a total downline of 4,000 affiliates (split 2000/2000).
Mogul 75 – sell and maintain 10 memberships, create 594,000 GV over a four-week rolling period, and have a total downline of 6,000 affiliates (divided 3000/3000).
Mogul 100 – sell and maintain eleven memberships, create 891,000 GV over a four-week rolling period, and have a total downline of 9,000 affiliates (divided 4500/4500).
The term “Group Volume” refers to sales volume that is linked to subscription fee payments.

The rank “split” requirements are binary team groupings.

For example, Icon 9 necessitates a 375/375 split. This means there are 375 associates on one side of the binary and 375 on the other.

Customer subscription volume must account for 55% of GV on either side of the binary team.

There is no formal differentiation between retail and wholesale customers.

Eaconomy also imposes a 50% GV ceiling based on unilevel team tracking as a qualifying constraint.

In the above example, a new unilevel leg is produced for each affiliate recruited.

A single unilevel leg cannot account for more than 50% of rank qualification GV.

Bonus for a Quick Start
When a retail client or recruited affiliate signs up for a subscription, Eaconomy affiliates receive a $50 commission.

Recurring Commissions
The residual commissions at Eaconomy are connected to rank and paid weekly:

qualify at Apprentice and earn $25 a week qualify at Influencer 500 and earn $125 a week qualify at Influencer 900 and earn $225 a week qualify at Influencer 1500 and earn $375 a week qualify at Prodigy 3K and earn $750 a week qualify at Prodigy 5K and earn $1250 a week qualify at Icon 9 and earn $2250 a week qualify at Icon 15 and earn $3750 a week qualify at Icon 25 and earn $6250
Bonus for Rank Achievement
Affiliates that qualify at Icon 9 or above receive the following one-time Rank Achievement Bonuses:

qualify at Icon 9 and earn $6000 qualify at Icon 15 and receive $12,000 qualify at Icon 25 and receive $25,000 qualify at Icon 50 and receive $50,000 qualify at Mogul 75 and receive $75,000
Eaconomy affiliate membership is $29, followed by $15 each month.

A membership to Elite or Elite Pro looks to be optional.

Conclusion on Economics
The legality of Eaconomy as an MLM opportunity is determined by whether active retail subscriptions outnumber affiliate memberships.

Given that Eaconomy has previously failed and the product is roughly the same this time around, this seems unlikely.

According to Eaconomy’s remuneration model, 55% of binary volume on both sides must be retail traffic, however this is not specifically stated.

I’m skeptical because of this slide from Hassan Mahmoud’s November 2021 Eaconomy presentation.

Because retail consumers cannot recommend or create a downline, this is an affiliate recruiting tree.

If Eaconomy affiliates are advised to expand their businesses in this manner, they should not be eligible for commissions.

They wouldn’t, at least not if the 55% rule applied to retail customer subscription volume.

I assume “customer” under Eaconomy’s remuneration model refers to either retail customers or recruited affiliate memberships, pending clear confirmation.

Trading outcomes are one thing that Eaconomy does not provide. It appears that subscription commissions are the primary selling point, with subscription services following in second.

Eaconomy has been around for quite some time. Isn’t it in the best interests of customers to disclose audited trading outcomes, both manual and automated?

This takes us to the subject of securities fraud. Without a doubt, Eaconomy is engaging in securities fraud.

Eaconomy is a US corporation, and Mahmoud lives in the US. It makes no difference in terms of securities legislation in the United States that customers outside of the United States are being targeted.

Outside of the United States, Eaconomy is committing securities fraud in every nation where Elite Pro subscriptions are marketed.

The website of Eaconomy does not appear to have any geographical constraints.

In terms of MLM due diligence, this is a huge red sign.

By law, any MLM organization that promotes automatic trading must give you with audited financial records and disclosures.

Finally, minimizing Beyond Wealth appears suss.

Much was made of the revival of Eaconomy through Beyond Wealth earlier this year.

In September, Beyond Wealth owner Jeremy Reynolds sold the firm to My Daily Choice.

Beyond Wealth may have been pulled from Eaconomy’s marketing as a result of this.

Even yet, if My Daily Choice is now driving Eaconomy’s securities fraud, it must be revealed.

The same goes for every other seller. Again, I’m skeptical because the services on offer are nearly identically worded. And even if the name has changed, the service remains the same.

To summarize, Eaconomy exhibits too many red flags to be taken seriously as an MLM possibility.

You’d think that after one run-in with US regulators, compliance would be at the center of Eaconomy’s offering.

However, Eaconomy has compliance concerns that must be addressed, but for some reason have not been and continue to be neglected.

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