WeShare Crowdfunding (stylized as “We$hare Crowdfunding”) identify James C. Hill as their Founder.
Under the pseudonym “J.C.”, Hill was named a “principal” of OneX by the SEC in 2012.
Last year Hill (right) launched Gold Crowdfunding, which WeShare Crowdfunding appears to be always a reboot of (the Gold Crowdfunding website domain redirects to WeShare Crowdfunding).
Cash gifting schemes require a constant method of getting new participants entering in at the bottom of the scheme, the failure which likely caused Gold Crowdfunding to collapse.
Trying to salvage that which was left of Gold Crowdfunding, Hill seemingly have rebranded the chance WeShare Crowdfunding and relaunched.
Continue reading for the full overview of the WeShare Crowdfunding MLM business opportunity.
The WeShare CrowdFunding Product Line
WeShare Crowdfunding has no retailable products, with affiliates only able to market affiliate membership to the business itself.
The WeShare Crowdfunding Compensation Plan
The WeShare Crowdfunding compensation plan sees affiliates subscribe and then gift funds to other participants.
This activity is tracked seven levels deep, although I'm uncertain if it is a matrix or unilevel compensation layout.
The point is a WeShare Crowdfunding affiliate starts by gifting $200 to existing participants (James Hill gets a $40 cut).
After recruiting a number of new participants, an affiliate then pays another $320 to their upline.
I've seen five new investors quoted, but I'm uncertain if which was mandatory or perhaps an indicator (WeShare Crowdfunding do not provide a copy of their compensation plan on the website).
Consequently, new investors earned by their recruits are also passing up gifting payments from those they've recruited.
Conclusion
A disclaimer on the footer of the WeShare Crowdfunding website reads.
Under the guise of funding bogus projects within an “international community”, WeShare Crowdfunding continues where Gold Crowdfunding left off.
Despite the fancy term, “Donation Distribution Formula” is simply another term for cash gifting.
You subscribe and send a gifting payment to people who joined when you, which in turn qualifies you to receive exactly the same from those recruited after you https://scamrisk.com/weshare-crowdfunding/.
As with Gold Crowdfunding, WeShare Crowdfunding will collapse when recruitment of new gifting recruits slows down.
Gold Crowdfunding collapsed within a year and what with reboots rarely lasting as long as their predecessors, one can expect WeShare Crowdfunding to collapse sooner rather than later.
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