Welcome to our 7 Rings of Wealth Review.
There is quite a lot of buzz online about a new company that has recently launched. Today we are taking a look at new opportunity called 7 Rings of Wealth and today we are asking the question is 7 Rings of Wealth legit or just another scam? Let's have a look and find out. Thanks for stopping by to read our 7 Rings of Wealth Review.
7 Rings of Wealth Review – The Company
7 Rings of Wealth gives no information about who runs or owns the business on their website.
On February 15th 2017, the 7 Rings of Wealth website domain (“7ringsofwealth.com”) was secretly registered.
A copy on the 7 Rings of Wealth website remarks “the Nation”;
Simply click on the Sign in button and begin today, to start earning Patronage Refunds in the 7 Rings of Wealth Crowdfunding venture for “The Nation”.
The footer of the site additionally cites “Collaborate USA, LLC”.
Collaborate USA has a site up over at “collaboratenation.com”, where it's explained what “the Nation” is;
We choose to govern as a league, a Collaborative Commonwealth, or an alliance of businesses (Members) and independent individuals. Here each individual Member has one vote and one voice, in sovereign and may decide without threat or alternative to coordinate with their rights and individual ideal scan the Collaborative Commonwealth stop.
That all Members of the Nation will be Members of Collaborate CoOp, a coordinated association.
By paying a one-time Share Fee of $240 (called a Share Member), those Members who deliberately choose to may buy ownership in Collaborate CoOp, and may also vote for a Board of Directors of Collaborate CoOp who would represent the Members in governance and contract.
The Board of Directors will rotate every year according to the Bylaws of the cooperative association.
Sovereign resident nuttery. Gotta like it.
It is not clear who is running this particular section of sovereign citizens, although 7 Rings of Wealth is referred as ‘the most recent innovation of the popular Collaborative CoOp Community that is known as “#The Nation.”
As usual, if an MLM company is not honest about who owns or runs it, think hard and long about handing and/or joining over any cash.
7 Rings of Wealth Products
7 Rings of Wealth has no retailable services or products, with affiliates ready to advertise 7 Rings of Wealth affiliate membership itself.
7 Rings of Wealth affiliate membership gives entry to sovereign citizen brainwashing presentations online seminars covering health, assets, leisure, training, family,income and crowd
Details about who composed the 7 Rings of Wealth online seminars are not provided.
The 7 Rings of Wealth Compensation Plan
7 Rings of Wealth affiliates gift cash to each other through a 2×7 matrix.
A 2×7 matrix puts an affiliate at the highest point of a matrix, with two positions precisely under them:
The first level of the matrix is formed by these two positions. The second level of the matrix is formed by separating these two positions into additional two positions each (4 positions).
Levels three to seven of the matrix are formed in the same way, with each new level having twice the number of positions as the previous level.
A 7 Rings of Wealth affiliate signs in and gifts $5 to the affiliate who enlisted them.
This payment likewise gives them a matrix position, through which they get two $5 payments from two affiliates enrolled into the first level of their matrix.
To unlock level 2 of the matrix, $5 of this is kept and the other $5 is gifted.
Level 2 of the matrix has four positions, $5 of which is collected from each affiliate placed into it.
In this way,at each matrix level, a 7 Rings of Wealth affiliate gifts greater and greater amounts of money as follows:
- level 1 – gift $5 to the affiliate who selected you and get $5 from two afterwards recruited affiliates
- level 2 – gift $5 and get $5 from four affiliates
- level 3 – gift $10 and get $10 from eight affiliates
- level 4 – gift $40 and get $40 from sixteen affiliates
- level 5 – gift $100 and get $100 from thirty-two affiliates
- level 6 – gift $500 and get $500 from sixty-four affiliates
- level 7 – gift $2500 and get $2500 from one hundred and twenty-eight affiliates
7 Rings of Wealth skim from level 4$160, from level 5 $300 and from level 6 $5500.
Joining 7 Rings of Wealth
$5 a month is the 7 Rings of Wealth affiliate membership, that is paid to the affiliate who recruited you.
Conclusion
In an MLM company if you are doing due diligence, run away if you see anything at all that simulate sovereign citizen whackery.
Unfortunately, we don't have that extravagance and must still take the time to resolve their nonsense.
Generally, when MLM and sovereign citizens cross paths, you get a hoax the owners think they are entitled to run, depending on a detachment from the “ebil gubmint”.
7 Rings of Wealth is the same, a typical example of financial fraud with the business model.
By referring to it as crowdfunding,7 Rings of Wealth try to mask cash gifting.
We are not seeking contributions with our crowdfunding project.
Rather, we are offering an incredible opportunity by developing your own micro-enterprise.
Not looking for contributions? That is a hilarious way of explaining paying $5 a month gifting payment.
However, on the 7 Rings of Wealth website, you will not find “gifting payments”. They mention to them as “patronage refunds”.
In the 7 Rings of Wealth Crowdfunding project for “The Nation”, to begin earning Patronage Refunds just click on the Sign in button and start today.
The truth is without gifting “contributions”, cash gifting scams like 7 Rings of Wealth collapse from recruited affiliates.
With 100% of the company's revenue derived from its affiliates nothing is sold or marketed to retail customers (by method of skimming gifting payments across levels 4 to 6 of the matrix).
Similar to all gifting schemes, once affiliate employment dies down, also will new funds gifted through the base of the 7 Rings of Wealth company-wide matrix.
This will see new affiliates unable to recover their monthly gifting payment, ultimately prompting a collapse.
$5 gifting fee monthly efficiently means each 7 Rings of Wealth affiliate has a month to trick two people, or else they start losing money.
To make money,in order for those running gifting scams mathematically, the larger of individuals they convince to join them have to lose it.
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