 |
| supreme wealth alliance scam or not |
A company founded by MR. FRANCO RENATO A. CHAVES that launched just August this year. Supreme Wealth Alliance mainly uses Facebook for promotion but a lot of advertisement post are also found on Sulit.com.ph. Their product is a membership access to their online library full of eBooks.
In the Philippines, Supreme wealth alliance is affiliated to Chavesnet Enterprises also owned by MR. FRANCO RENATO A. CHAVES but Supreme wealth alliance itself is registered in Belize in this address:
5th floor of Marina Towers, Newtown Barracks, Belize City, Belize, Central America.
Below are their scanned legal documents from Belize:
Compensation plan
The company's pay plan is a combination of two compensation plan called 2x2 Matrix and Infinity pass up.
To know about how 2x2 matrix work watch this video
For infinity pass up watch this
They did this system to cover each others weaknesses as the weakness of pay plan 1 is the strength of pay plan 2 and vice versa. See the table below:
2x2
Matrix
|
Infinity
pass up
|
Major strength
|
Major strength
|
-earn
more than double quickly with just six people under you
|
-earn
up to infinity where commission rate is still the same even up to infinite
levels
|
-your
direct referrals always follow you into your current active matrix or overall
network
|
-earn
already from your first direct referral
|
-the
“spill over “ feature allows strong referrers to help weaker marketers
|
-the
commission from each pass up to you is equal to 100% of the pay plans entry
fee
|
Major weaknesses
|
Major weaknesses
|
-as
your network goes larger and deeper
into infinity, your earning potential gets smaller and smaller
|
-some
of your first few referrals are passed up to your referrer
|
-you
only earn when you fill up six people under you
|
-there
is no “spill over” feature so strong referrers cannot help weaker marketers
|
Some areas that need clarification
This is a very lucrative MLM business online and there are very few like this in the Philippines. However, It is not all that good and some issues needs to be clarified.
The first issue I see that needs clarification is about the legality of the company. I believe that MR. FRANCO RENATO A. CHAVES is a Filipino, and Supreme wealth alliance is operating mostly in the Philippines.
See the regional interest of Google trends below:
Questions now arises. What is the real relationship of Chavesnet Enterprises to Supreme Wealth Alliance?
Why is Supreme Wealth Alliance needs to be registered in Belize when the owner is Filipino and it is mainly operating in the Philippines?
In addition, if you scroll back and take a close look at their scanned legal papers from Belize, why is the name of the founder and CEO of Supreme Wealth Alliance FRANCO RENATO A. CHAVES is no where to be found?
Only the name of Oscar B, Sabido appears which I believe to be a notary public attorney in Belize based on the scanned documents.
Another Issue that concerned me is about consumer rights and protection. If this business has no physical office in the Philippines, where will consumers go to for their complaints? Also, Supreme Wealth Alliance is registered in another country, will Philippine law still have jurisdiction over Supreme Wealth Alliance in case of any fraud lawsuit?
Lastly, a company that recruits and sells eBook about how to be good at recruiting others to make money smells fishy to me.
Disclaimer
The article above is my own personal view and opinions.
A product of my due diligence, critical thinking and common sense. I am also not a professional in any field,
I am just an ordinary person expressing my thoughts.
If you wish to share, suggest, agree or disagree with me your valuable comments below is highly appreciated.
Is Supreme Wealth Alliance scam or not?
Update 1/12/2014
Since SWA is online based I just thought this is a good post to find someone who already have experience in internet marketing that could relate well to the new post I made. Internet marketing is not my strong point I would appreciate if someone could give a personal experience on it.. thanks
here it is: Google Sniper scam or not?
Update 1/23/2014
One of the websites associated with SWA is harboring a Trojan horse virus. Fortunately for me my anti virus detected and block it. Be careful guys. here's a screenshot,
 |
| swa scam |
