Onewiex Review: A Fake investment and Fraud

 A Comprehensive Analysis of Onewiex: A Potential Quwiex Reboot Linked to MLM Ponzi Schemes

This Onewiex Review looks at this platform as it raises concerns due to its lack of transparent ownership and executive information on its official website.

In an effort to appear credible, Onewiex showcases certificates from shell companies based in Canada, Dubai, and Hong Kong.

However, the rampant creation of shell companies with falsified details renders these certificates meaningless for genuine due diligence regarding MLM operations.

Notably, Onewiex claims to be led by CEO “Oliver Wilson,” whose real identity is concealed by the use of a pseudonym.

The figure behind this persona is identified as Mikhail Eidelson, a Russian national from St. Petersburg in his fifties.

Notably, Eidelson went to the extent of deleting his social media profiles before assuming the role of Oliver Wilson, a move that indicates an attempt to obscure his true identity from Onewiex investors.

onewiex logo

Contrary to its claims of being based in Canada, Onewiex’s marketing videos employ stock footage of Canada while featuring rented office spaces.

It’s intriguing to observe that everyone in these videos speaks with an Eastern European accent, which suggests a lack of authenticity in its representation.

A significant aspect is the management of Onewiex’s Facebook account from Ukraine.

Furthermore, a recent event held by Onewiex in Dubai showcased a predominantly Asian audience, pointing to the company’s targeted marketing efforts in the Asian market.

This focus is reinforced by the higher viewership of Onewiex’s Korean-dubbed marketing videos compared to videos in other languages.

Interestingly, Onewiex’s web traffic contradicts its marketing endeavors.

Data from SimilarWeb reveals that the top sources of traffic to Onewiex’s website are the Netherlands (20%), Saudi Arabia (17%), Croatia (17%), the US (15%), and France (12%).

This discrepancy might be explained by Onewiex’s relatively recent launch in late 2022 and the subsequent decline of recruitment activities in Asia.

Upon examining the amalgamation of information, it becomes apparent that Onewiex is associated with Russian scammers operating from Russia, Ukraine, and Dubai.

This is in line with the history of Ponzi schemes perpetuated by Boris CEOs in Russia and Ukraine, while Dubai has gained notoriety as a hub for MLM criminal activities.

A general rule emerges from this analysis: if someone in Dubai presents an MLM opportunity, it’s likely a scam; similarly, MLM companies affiliated with Dubai are also suspect.

This principle applies to Onewiex, as the investigation will reveal.

onewiex Marketing conference

Evaluation of Onewiex’s Offerings.

Onewiex fails to provide any tangible retail products or services. Instead, its affiliates can solely promote Onewiex’s affiliate membership.

Onewiex’s Compensation Plan

Participants invest in cryptocurrency and USD equivalents within Onewiex’s scheme.

These investments promise returns based on the following structures:

– USD Assets: Invest $50 to $1,000,000 for daily returns of 0.8% to 3% over 52 days.
– Crypto Assets: Invest 0.005 to 100 BTC for daily returns of 2.2% to 2.8% over 100 days.
– Venture Assets: Invest 500 to $500,000 for daily returns of 3% to 3.4% over 200 to 360 days.

The MLM aspect of Onewiex primarily rewards affiliates for recruiting new investors.

Onewiex’s Affiliate Ranks

The compensation plan encompasses twelve affiliate ranks, each with specific qualification criteria.

These ranks, including their criteria, are as follows:

– Partner: Sign up and invest.
– Chief Partner: Maintain investment and generate $2000 in downline investment.
– Promoter: Maintain investment and generate $15,000 in downline investment.
– Senior Promoter: Maintain investment and generate $50,000 in downline investment.
– Executive Promoter: Maintain investment and generate $300,000 in downline investment.
– Supervisor: Maintain investment and generate $750,000 in downline investment.
– Senior Supervisor: Maintain investment and generate $2,000,000 in downline investment.
– Executive Supervisor: Maintain investment and generate $5,000,000 in downline investment.
– Chief Supervisor: Maintain investment and generate $15,000,000 in downline investment.
– Ambassador: Maintain investment and generate $30,000,000 in downline investment.
– Blue Diamond Ambassador: Maintain investment and generate $100,000,000 in downline investment.
– Black Diamond Ambassador: Maintain investment and generate $500,000,000 in downline investment.

 

Referral Commissions and Their Structure.

Onewiex offers a coded referral commission, with rates ranging from 6% to 40%, based on the affiliate’s rank.

When a new affiliate is recruited, the commission rate of the recruiting affiliate applies.

This structure extends up to 40% on the recruited affiliate’s investment, with higher-ranked affiliates receiving their commission, while the remaining percentage goes to upline higher-ranking affiliates.

Joining Onewiex and Final Verdict
Becoming an Onewiex affiliate is free, but to fully participate in the income opportunity, a minimum investment of $50 is required.

Onewiex’s striking resemblance to Quwiex, coupled with the dubious nature of its affiliations, raises concerns about its legitimacy.

The conclusion drawn is that Onewiex could be a potential reboot of Quwiex, both bearing similarities in names, connections to Russia, and utilization of Boris CEO figures for promotion.

Given the history of Quwiex’s eventual collapse, Onewiex’s passive investment scheme may likewise lead to a similar fate.

It’s essential to recognize that the inherent structure of Ponzi schemes guarantees that as recruitment diminishes, the revenue stream dries up, leading to inevitable collapse and resulting in financial losses for the majority of participants.


Editor at FraudWatchAi

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