WealthBot Review – Legit Or Scam?

WealthBot ReviewHas someone approached you lately about joining WealthBot?

This doesn’t surprise me – it’s been getting a lot of hype in the last couple of week, with people pitching it all the time.

First, let me make one thing clear – I am NOT in any way affiliated with WealthBot.

I simply wanted to gather all the details here for you in my WealthBot Review so you can make an informed decision.

Is WealthBot truly a scam?

Does it really work like the marketing materials say it will?

Read on to find out in my Review of WealthBot.

Let’s get going!

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What The Heck Is WealthBot?

On the WealthBot website, you won’t find any info in regards to who owns the company, who’s running things on a day-to-day basis, where WealthBot is based out of, etc.

There are two domain names for WealthBot, (wealthbot.info and wealthbot.online) and they were registered on December 12, 2016, and November 25, 2016 respectively.

The domain with the “.online” was registered privately, and as such, there’s no way to see who the owner is or where in the world it was registered.

As for the “.info” domain, I can easily see that the owner of this is Ronald Schulz. Along with this, I also found that contact and address information for the domain belongs to a company by the name of InMotion Hosting.

InMotion Hosting is a web-hosting business, and while it does host the two domains for WealthBot, there doesn’t seem to be any other connection between the two entities.

I managed to track down a marketing video for WealthBot that features someone by the name of Jay Michaels as the presenter of it. Unfortunately, I was not able to find concrete info that links either Michaels or Schulz to WealthBot and its day-to-day happenings.

WealthBot Scam

What Can You Tell Me About The WealthBot Products?

In regard to the product line side of things, there’s absolutely noting to talk about with WealthBot.

You won’t find a single thing being sold or marketed to retail customers, and this means that the company isn’t offering any goods or services in the slightest.

This means that affiliate for WealthBot having nothing more than the affiliate membership to offer to people, and this creates for complete absence of any retail activity.

A lack of retail sales is the very last thing you want to run across when looking at MLM opportunities to join, and this is usually a telling sign that you’re dealing with a scheme or scam of some sort.

What Can You Tell Me About The WealthBot Compensation Plan?

Moving over to the compensation plan, WealthBot affiliates are asked to invest a minimum of $100 worth of bitcoin into the company so that they may earn a monthly ROI.

There are two pain “plans” that WealthBot affiliates can choose from, and these include the following:

  1. With the Safe 90 Day Plan, affiliates can earn a 30% ROI that’s compounded every 30 days and funds that are invested are locked into the company for a total of 90 days.
  2. If affiliates choose to go with the Safe Liquidity Plan, they’ll earn a 5% ROI every 30 days. Funds that affiliates earn here can either be compounded at 5% for the following month on the interest that is earned, or the interest and any invested funds can be withdrawn after 30 days have passed.

Referral Commissions

Additionally, affiliates also have the ability to earn from referral commissions. Referral commissions come from money invested by other affiliates in your downline, and these commissions get paid out to members via a unilevel system.

WealthBot pays down to four levels of recruitment, with level 1 paying 3%, level 2 and 3 3%, and level 4 paying just 1%.

Referral commissions with WealthBot are paid out at the end of every month once the ROI for that month has been paid out to affiliates first.

Are There Membership Fees For WealthBot?

If you would like to join WealthBot, the membership for the affiliate program is free.

However, in order to actually participate in the attached income opportunity, you’ll need to hand over at least $100 worth of bitcoin.

Is WealthBot A Scam?

If you’ve come across a review that says WealthBot is a scam while researching, I wouldn’t be surprised.

A lot of marketers will tell you something is a scam just so they can sell you something else.

So, can you trust those other reviews?

What is the truth about WealthBot? Is it really a scam, or is it legit?

I would say no, not exactly. However, there are a few things in the business you should be aware of – read on to the conclusion to find out what they are.

Knowing what you’re getting into is the best way to be successful.

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What’s your Conclusion About WealthBot?

Just how is WealthBot supposedly generating so much money to pay its affiliates the advertised ROI?

According to WealthBot’s website, it’s able to do this by getting involved with the used textbook marketplace over on Amazon.

If that sounds like complete BS to you, that’s because it is.

There’s zero proof showing that any activity exists between WealthBot and Amazon’s used textbook market, and the only money that’s evidently making its way into the company is that of affiliate investments.

Invested funds from affiliates are used to pay the ROIs owed to other members, and this results in WealthBot being nothing more than a Ponzi scheme.

In addition to this, it’s also worth noting that more than 40% of all the traffic that the “.info” WealthBot domain sees comes from the United States.

Any company offering an ROI based off of money that’s invested is offering a form of security to citizens in the United States, and to do this, you need to be legally registered with the SEC.

If you do a search through the Edgar database for the SEC, you won’t find a single mention of “WealthBot” or anything along those lines.

In short, along with the illegal Ponzi activity, WealthBot is also offering illegal securities in the United States of America.

Add those two things together, and you get two big reasons for staying as far away from WealthBot as you possibly can.

I hope that you are able to use my research in my WealthBot Review to make a decision.

If you do decide to become an affiliate with WealthBot, make sure you take the time to learn how to market yourself.

My FREE training can help you.

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