What Is We Share Abundance?
There has been a surge of Ponzi schemes online taking advantage of desperate people during these tough economic times. These MLM programs are designed to siphon money from the victims that invest. Their only intention is to line the pockets of the people behind them.
Most of them claim they can reward you with a passive salary and make you rich overnight, and all you have to do is invest a bit of money.
I’m fed up of these scams and the purpose of my site is to expose as many of them as possible. In today’s review, we’ll be doing just that with a program called We Share Abundance.
The fact that you’ve taken a moment to scrutinize this product before signing up should be applauded. You’ve done yourself a huge favour. Your due diligence will save you from potentially wasting your time and money.
A good bit of research always goes a long way in the fight against online scams. Creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed I’d like to let you know that I’m not linked to We Share Abundance in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to show you why this program is a lousy Ponzi scheme…
We Share Abundance Product Review
- Name of Product: We Share Abundance
- Owner: Rosa and Graham Frame
- Type of Product: Ponzi Scheme MLM
- Cost of Product: Invest at Least $2.50, but $125 investment is needed for full participation
- Who Is This Product Best For? NOBODY!
We Share Abundance Product Summary
We Share Abundance is a program that claims can give you a 50% ROI. The truth is it’s nothing more than a Ponzi scheme which doesn’t even try too hard to disguise itself.
The founder has been linked to several previous Ponzi schemes. Furthermore, there’s zero evidence that the program is building profits for members from investments or trading.
Product Rating: 1/100
Would I Recommend This Product? Definitely Not!
We Share Abundance Explained
We Share Abundance is a multi-level marketing opportunity that focuses on investments and finances. The program claims that it can guarantee you a 50% ROI if you invest in it. Therefore, the premise of this product is that it trades or invests on your (and other members) behalf.
The business was created by Rosa and Graham Frame. If you’ve heard of them before then it’s probably from their previous presentations for various businesses such as All-In-One Profits or Success Lifestyles. Both of them are either a cash gifting scheme or Ponzi scheme!
Furthermore, Graham and Rosa were using another program called Empower Network to funnel their victims to a different scam named SimpleFastCash.
A few years ago, Graham created a system called Classified That Pay, which turned out to be a $5 pyramid scheme. As you can tell, these two have been busy!
We Share Abundance Product Range
Similar to the earlier programs, you will not find any retails products or services inside We Share Abundance. The only way to access their income opportunity is by paying for the membership, which is bundled into various investment packages.
Does We Share Abundance Work?
Unfortunately, We Share Abundance is a plain old Ponzi scheme. The assumption is that you’ll be paid daily returns if you invest, however, it’s simply a ploy to encourage you to pump as much money as you can into the scheme.
The matrix structure of their compensation plan incentivizes unsuspecting members into believing that they’ll be rewarded more money if they recruit more members.
The program uses its own form of tokens called WESA tokens to track investments. Graham and Rosa can create these tokens whenever they wish at zero cost to them. These tokens are worthless outside of the program and cannot be traded on any market.
During the early stages of the program, you could easily withdraw your money once the investment had run its course, but the program has updated its policy to stop people from doing that. The program can only afford to payout on the basis that there’s still money coming into the business (from new memberships).
However, this is not the case once withdrawals are greater than the number of investments. This would mean that the business is in a deficit. This kind of business model is the main reason why the program is a Ponzi scheme.
There’s no evidence that the business is trading or investing to build profits for its members. Furthermore, there’s no other income stream except for the money coming in from new member’s investments.
How To Profit With We Share Abundance
The only method to profit with We Share Abundance is by recruiting more members.
Getting Started with We Share Abundance
You need to invest at least $2.50 to access the membership, however, you will not get full access into the program.
You’ll need to invest at least $125 to utilize the full compensation plan.
You’ll be given $25 worth of WESA tokens within 48 hours of investing $125.
We Share Abundance Compensation Plan
The program claims that you’ll be rewarded with the ROIs detailed below depending on your investment:
- Pool 1: Earn $0.10 per day with an investment of $2.50
- Pool 2: Earn $0.25 per day with an investment of $3.75
- Pool 3: Earn $0.50 per day with an investment of $6.25
- Pool 4: Earn $1 per day with an investment of $12.50
- Pool 5: Earn $2 per day with an investment of $25
- Pool 6: Earn $5 per day with an investment of $75
You’ll need to invest in the above pools in sequence and log in to your profile everyday to be eligible for the returns.
I couldn’t find any details about the limits around the term time of investments.
Referral Commissions
Members are rewarded with 10% of commissions from investments made by their direct recruits.
Matrix Commissions
All members that invest in We Share Abundance are randomly put in this matrix and are awarded a monthly commission.
The structure has a total of 6 matrices that work on the basis of the 6 investment tiers offered by the program.
The payout will depend on the number of tiers in the matrix. Each member is randomly positioned within a matrix level.
We are not given any details about the percentages that each member will earn on these tiers.
Recommended: Everything Needed To Create Your Full-Time Online Business From Scratch Can Be Found Right Here
We Share Abundance Exposed!
1). WSA Has Implemented KYC To Limit Withdrawals
To stop the business from failing because of investments deficits, the program is using KYC to slow down the withdrawal process. KYC (Know Your Customer) is a process where the member has to provide identification documents before their withdrawal is approved.
The member has to provide identity documents such as a passport, driver’s license or government-signed ID. You might even be asked to provide details from your credit/debit card such as the expiry date, a set of digits or the name on the card.
If you think that you’re at risk of losing your money then you have every reason to be worried. Your personal details are also exposed because of the KYC stipulations. It’s highly unlikely that you’ll be able to withdraw your money!
2). It’s a Funnel To Another Ponzi Scheme!
We Share Abundance has another trick up its sleeve. It’s funnelling members to a different Ponzi scheme known as OnPassive, a program linked to GoFounders. Both programs registered their domains in 2018, however, OnPassive‘s home page states that ‘Only Qualified Founders Are Accepted In Prelaunch via Invitation’.
When you visit GoFounders‘ prelaunch website, you’re made aware of Ash Mufareh, the CEO of the company. Ash is also the CEO and founder of GFI Fusion, a marketing company with close ties to Global Domains International.
3). Owners’ Have A History of Ponzi Schemes
I’m surprised that the owners, Graham and Rosa Frame have gotten away with running Ponzi schemes for so long. Every company that they’re associated with, whether it’s there’s or not, has turned out to be a Ponzi scheme!
They have a knack for funnelling people between different scams, this is very unethical but they don’t seem to care. If you see any other company that these two are involved with, it’s probably a Ponzi scheme.
Recommended: Tired Of Working In A Dead-End Job? Let’s Get Your Passion Project Off The Ground
Advantages of We Share Abundance?
Don’t waste your time. It’s a Ponzi scheme!
Is We Share Abundance a Scam or a Legit Business?
We Share Abundance is definitely a Ponzi scheme with nothing genuine about it and as a result, I cannot recommend this program.
- There’s zero evidence that profits are being generated from trades or investments, to sustain the company and reward members with the advertised ROIs.
- KYC stipulations have been imposed to make it more difficult for members to withdraw funds. You will need to provide proof of identification and credit card details. Your data could be at risk of being exposed to unscrupulous companies or poor data protection measures.
- The owners have a history of being involved with numerous Ponzi schemes prior to creating We Share Abundance. They specialize in funnelling members between different scams.
My advice is to steer clear of this program. It’s a Ponzi scheme!
How Do I Use The Internet to Make a Full-Time Salary?
I’m not a big fan of get-rich-quick schemes or Cryptocurrency MLM programs, let’s just say that I’ve been caught short a few times.
Instead, Affiliate Marketing is my leading recommendation for people that want to build a thriving full-time online business working from home.
Here are my reasons why…
- You can get started for Free.
- There’s no pressure to recruit family and friends, or anyone else for that matter.
- You can create a business from virtually any product including the ones that you already buy. You are not limited to low-income or inferior products.
Affiliate marketing can help you to…
Generate a 4-Figure Monthly Salary and become financially free from the limitations of a traditional day job. You can do this in less than 12 months!
If you want to find out how I did it, Click Here!
