EZWealth By Design made me money

[dawgdayz]

I've been paid recently with EZ Wealth by Design and I just don't understand how it can be a scam and still pay people. Almost all the scams I've ever heard of or been a victim of, disappeared with the money and nobody had any legal recourse. Can somebody explain what is going on?

[PianoJan]

Did you watch the video? http://www.wttw.com/main.taf?p=1,17,1,4

Also, have you read the legal definition of a pyramid?

[dawgdayz]

Corporate America is a pyramid as far as I know. Yes, I seen the video clip, but money is still being paid out so that is why I'm so confused. How do you define a pyramid yourself? Maybe I'm just missing something that everyone else is seeing.

[PianoJan]

OK.............I'll bite.............

This was posted in the Money Maker Group Forum:

Multilevel marketing plans, also known as "network" or "matrix" marketing, are a way of selling goods or services through distributors. These plans typically promise that if you sign up as a distributor, you will receive commissions -- for both your sales of the plan's goods or services and those of other people you recruit to join the distributors. Multilevel marketing plans usually promise to pay commissions through two or more levels of recruits, known as the distributor's "downline."

If a plan offers to pay commissions for recruiting new distributors, watch out! Most states outlaw this practice, which is known as "pyramiding." State laws against pyramiding say that a multilevel marketing plan should only pay commissions for retail sales of goods or services, not for recruiting new distributors.

55.1(1) For the purposes of this section, "scheme of pyramid selling" means a multi-level marketing plan whereby

a) a participant in the plan gives consideration for the right to receive compensation by reason of the recruitment into the plan of another participant in the plan who gives consideration for the same right;

b) a participant in the plan gives consideration, as a condition of participating in the plan, for a specified amount of the product, other than a specified amount of the product that is bought at the seller's cost price for the purpose only of facilitating sales;

c) a person knowingly supplies the product to a participant in the plan in an amount that is commercially unreasonable; or

d) a participant in the plan who is supplied with the product

i) does not have a buy-back guarantee that is exercisable on reasonable commercial terms or a right to return the product in saleable condition on reasonable commercial terms, or

ii) is not informed of the existence of the guarantee or right and the manner in which it can be exercised.


a) on conviction on indictment, to a fine in the discretion of the court or to imprisonment for a term not exceeding five years or to both; or

b) on summary conviction, to a fine not exceeding two hundred thousand dollars or to imprisonment for a term not exceeding one year or to both.

Overview of Sections 55 and 55.1
Sections 55 and 55.1 contain measures directed against deceptive practices common to multi-level marketing plans and to schemes of pyramid selling, including:

a) representations relating to compensation without adequate disclosure of income received by typical participants;

b) recruitment bonuses (head-hunting );

c) required purchases as a condition of participation in a plan;

d) inventory loading ; and

e) inadequate or non-disclosed product return policy.

State of NC:

Is Your Program a Pyramid?

The vast majority of states utilize an indirect approach by defining a "pyramid", "chain distributor scheme" or "endless-chain scheme" and proscribing such programs. Regardless of the name used by the statutes, their intent is to prohibit plans or programs that reward participants, either directly or indirectly, on the basis of recruitment or enrollment of other participants rather than compensating them for sales of products or services to end consumers. For example, North Carolina defines a "pyramid" as:

[a]ny program utilizing a pyramid or chain process by which a participant gives a valuable consideration for the opportunity to receive compensation or things of value in return for inducing other persons to become participants in the program
N. C. St. 14-291.2(b)

[Webwatch]

Thanks for that Pianojan.
Ironic how this definition appeared in one of the biggest Ponzi/Pyramid promoting forums on the internet (bet it wasn't posted by the Admin).

Welcome to Matrixwatch dawgdayz as mentioned above look for an end product or service that can be bought or used without the need to recruit others or continue your involvement in the scheme.
Lots of Ponzi founder's will use the corporate America comparison to justify their scheme and in nearly all cases they fail to pass the 70% test http://www.falseprofits.com/Seventypercent.html

I would also be interested to learn if EZ is actually paying out real money or is now using the "buying more positions" excuse that nearly all use in the later stages of collapse.

When I say paying I mean of course real money that can be withdrawn to your own bank account.

[dawgdayz]

My recent pay was withdrawn to my EZPayFast account and then transferred to my bank account. For me it has been real money that I have used to pay off all debt that I owed.

[Webwatch]

Thanks dawgdayz-when you say all the debt you owe are we talking $100's or $1000's.
Its not really any of my business so dont answer if you dont want to.
You must have built up quite a downline in this, how are they doing.
How early did you get in (also none of my business but worth an ask).

[mercinary]

Dawgdayz:

Indeed, early investors get paid in these schemes. The troubling thing is that the vast majority of people will not get paid, and those people are the ones who just paid off your debts. You can take this opportunity to thank all of those who will come here as victims of this scam.

-Merc

[dawgdayz]

Thanks dawgdayz-when you say all the debt you owe are we talking $100's or $1000's.
Its not really any of my business so dont answer if you dont want to.
You must have built up quite a downline in this, how are they doing.
How early did you get in (also none of my business but worth an ask).

When I started I was thousands in debt and looking at no way out. I sincerely believe in the dream of no member left behind. I didn't have very big downline either, but I did start the minute it launched - literally sat at my PC and refreshed the page until the join link appeared. My immediate downline made money, and his downline is due to be paid on the WBD10 level that's filling now.

Believe me Merc, I am grateful to have come this far, but I want every single member to be where I am right now and I do hold out the greatest faith that all will work out as planned. I have been burned plenty over the years myself so I do know how it feels to have dreams washed down the drain. I'm not going to judge since EZ is still paying out money as it comes in. I'm going to hang in there and keep trying.

[mercinary]

Believe me Merc, I am grateful to have come this far, but I want every single member to be where I am right now and I do hold out the greatest faith that all will work out as planned.

Your faith is misplaced. For over 3 years Matrixwatch has been proving that the matrix model doesn't work. It never will, as it is mathematically impossible for all members to get paid. If every single person in the entire world signed up, somewhere between 75-95% of all customers will NOT get paid off. We have mathematical models to prove it (see our downloads section).

-Merc

[mercinary]

Note: I split this thread off from this thread (http://www.matrixwatch.org/forums/showthread.php?t=4199) because it seemed appropriate to have its own discussion.

-Merc

[dawgdayz]

I haven't had time to go all over this site yet, but I will take a look at the downloads part next.

[concerned]

When I started I was thousands in debt and looking at no way out. I sincerely believe in the dream of no member left behind.

I am glad you believe in the dream, because that is all it is, A DREAM. There are dreams that have no reality, and this is one of those.

I didn't have very big downline either, but I did start the minute it launched - literally sat at my PC and refreshed the page until the join link appeared.

Oh, so you are a speculator. You knew that if you didn't start imediately, you would be one of the people in your dream that WOULD NOT make a profit.

Believe me Merc, I am grateful to have come this far,

I bet you are grateful. Do you think the people that lost their life savings to people like you are grateful? Do you think they will get the money you got?

but I want every single member to be where I am right now and I do hold out the greatest faith that all will work out as planned.

You must have been told that the "company" has a money tree planted in the back, and it grows hundred dollar bills every day, otherwise, how can you even think that everyone will get paid? You can EVERYONE make a profit?

I have been burned plenty over the years myself so I do know how it feels to have dreams washed down the drain. I'm not going to judge since EZ is still paying out money as it comes in. I'm going to hang in there and keep trying.

Thats great. The more you keep trying, the more people will get burned. For every position that cycles, I am sure there are 10 that won't. Congratulations on shattering the lives of so many because of your greed.

[mercinary]

Dawgdayz:

Although Concerned's above post may come off as aggressive, his comments are reflective of his feelings generated by all the time he has spent helping thousands of matrix victims. Realize that while matrix scheme speculators are openly welcome at M.W., there are a lot of people who will see your actions as detrimental to society (regardless of what your real intent was/is). With that said, I have to agree with much of concerned's main points.

-Merc

[sunshining]

Dawgdayz:

Concerned and Merc have stated valid points. It is hard to deal with the realization that your dream is based on smoke and mirrors.

[Webwatch]

When I started I was thousands in debt and looking at no way out. I sincerely believe in the dream of no member left behind. I didn't have very big downline either, but I did start the minute it launched - literally sat at my PC and refreshed the page until the join link appeared. My immediate downline made money, and his downline is due to be paid on the WBD10 level that's filling now.

Believe me Merc, I am grateful to have come this far, but I want every single member to be where I am right now and I do hold out the greatest faith that all will work out as planned. I have been burned plenty over the years myself so I do know how it feels to have dreams washed down the drain. I'm not going to judge since EZ is still paying out money as it comes in. I'm going to hang in there and keep trying.
Thanks for the info dawgdayz,
As you probably know already the trick with these schemes is to get in early, coupled with some intensive downline building, site promotions and a sprinkling of luck brings you to a position of receiving an income from EZWBD.

Its going to be near impossible for me to convince you that these schemes are a bad thing especially if your sitting on a debt free future thanks to those who have joined under you.
The beauty of the internet is that these schemes enable you to recruit from a large captive audience of get rich quick wannabees and there are many out there who haven't got a clue about these schemes and are just itching to invest in someone elses hopes and dreams convinced they are going to acheive the same amount of success.

I'm not an expert on the mathematics of these schemes but work on the principle that 10% will have some success and 90% wont.
Over time (Usually12 months+ for the better con artists) these schemes will begin to collapse and leave many with a bad taste in their mouths and the feeling that they have been ripped off, which of course they have.

Most of these schemes will use this get in early/pre-launch method to make you believe you are one of the first, in this case it seems you have been one of the lucky ones and have prospered albeit at the expense of others who didn't get in quite early enough.
Another trick is for the founders of these schemes to perpetuate the feeling of getting in early even though the top levels have already been filled.

If you choose to continue in this scheme thats up to you but please dont boast about how good it is when many are suffering a financial loss as it's now stalling which in turn will lead to its eventual collapse.

Now would be a good time to stop trying to pull anyone else into a scheme that is now failing but if you still choose to continue, at least you can't say you weren't warned.