World Business Builders Pyramid or advertising network?

[kiwichick]

World Business Builders - $15.30 ($10 membership fee and $5.30 admin fee) for advertising your business or blog via their world business builders network and as an 'added bonus' of receiving thousands over and over again, chart suggests you'll turn your membership portion of $10 into approx $40k if you 'cycle' for all 11 levels.... Founders and pushers are Emma Wasfi and Kirsty Sleep from Australia, they run 2 facebook private pages/groups called "world business builders" and "world business builders-women" ....... they are now running a 'pre-launch' competition to get new members and using the Australia Koala Fund as reason for new members to join...then they will 'gift' the Koala fund a membership....Shameless to use the suffering of their own country to promote their scam.. they are getting members to buy multiple positions in their "straight line" "crowd funding" system

worldbusinessbuilders.com and their 2 facebook groups, instagram page, and youtube channel with all their weekly zoom meetings......

YouTube (https://www.youtube.com/watch?v=-FrSSAf8LG0)


bit lengthy...but at 18.55mins the founder Emma Wasfi explains the 'receiving' and the 'momentum' from other members joining...........
YouTube (https://www.youtube.com/watch?v=c2PwBuD9E8M)

FYI, seems strangely similar to Banners Broker....with the advertising acting as smoke and mirrors........thoughts everyone???? does anyone recognise those running this?

[EagleOne]

World Business Builders - $15.30 ($10 membership fee and $5.30 admin fee) for advertising your business or blog via their world business builders network and as an 'added bonus' of receiving thousands over and over again, chart suggests you'll turn your membership portion of $10 into approx $40k if you 'cycle' for all 11 levels.... Founders and pushers are Emma Wasfi and Kirsty Sleep from Australia, they run 2 facebook private pages/groups called "world business builders" and "world business builders-women" ....... they are now running a 'pre-launch' competition to get new members and using the Australia Koala Fund as reason for new members to join...then they will 'gift' the Koala fund a membership....Shameless to use the suffering of their own country to promote their scam.. they are getting members to buy multiple positions in their "straight line" "crowd funding" system

worldbusinessbuilders.com and their 2 facebook groups, instagram page, and youtube channel with all their weekly zoom meetings......

YouTube (https://www.youtube.com/watch?v=-FrSSAf8LG0)


bit lengthy...but at 18.55mins the founder Emma Wasfi explains the 'receiving' and the 'momentum' from other members joining...........
YouTube (https://www.youtube.com/watch?v=c2PwBuD9E8M)

FYI, seems strangely similar to Banners Broker....with the advertising acting as smoke and mirrors........thoughts everyone???? does anyone recognise those running this?

This is nothing more than an illegal cash gifting scheme masquerading as a crowd-funding program. This screams SCAM. Hopefully enough people will report this to the authorities and they will get it shut down. Check to see if the company is registered with the Australian Authorities as a business enitty. If not registered as a business entity they are illegal. Since they are offering an investment, then check to see if they are licensed to offer a securities offering in Australia. Again if not registered they are operating illegally. You will need this information when filing your complaint with the authorities.

Emma is lucky if she can walk, talk and chew gum at the same time. Have not heard of her before, but if anyone relies on her explanation of how this works and believes anything she says deserves to lose their money.

You can also report it here: Report a scam | Scamwatch (https://www.scamwatch.gov.au/report-a-scam)

Thanks for bringing this to our attention.

[kiwichick]

Hi EagleOne, great to chat again.... been a few years since BB.... anyways Emma Wasfi has registered WBB with the ASIC
https://abr.business.gov.au/ABN/View?abn=60277486886&fbclid=IwAR18XDU9QNzohr1HarDoqo9LqCGLWEvB7wiMQntsg HS9jaQcKloTZ0Vqyyg

so it's a registered company...not sure how to tell if she's licensed to offer securities?? Do you know??

Also, I just discovered that on their 'world business builders' private facebook group with just over 4k members Emma Wasfi was promoting ONECOIN on the same page back in 2017...... think we have ourselves a serial scammer in Australia...... she appeared on realscam re:onecoin too.....

I've reported her to Aussie Government's ACCC (australia competition and consumer commission) Scamwatch agency..... what else can we do from the net??

I messaged her today and obviously rattled her because she posted a warning on her site for all members to ignore me if I message them coz I'm talking about things I'm not educated about.... and urged them to report me to facebook...... at least she put my name out there for people to contact me if they want to discuss her scam .... lol

[EagleOne]

Yes it has been a long time since BB days and welcome back.

Check with: ASIC Home | ASIC - Australian Securities and Investments Commission (https://www.asic.gov.au/) to see if they are licensed to sell securities. My guess is they are not. They think by registering their business that make them totally legal. It means nothing of the sort. It is cheap to license a business, and of course they always tout that they are registered.

See if you can get a few more to post to rattle her cage. You know it is a scam when they tell their members to ignore you as you don't know what you are talking about. Ponzi playbook page 2. Next step will be to try and discredit you. When that happens you know you are having an impact on recruiting. Otherwise she wouldn't pay you any attention.

[kiwichick]

Your experience is showing EagleOne.... Emma and WBB warned others to ignore me, and said that their "loyal" members had brought me to her attention....then her and some of the admins mock me a bit in the comments .... hahahaha, I messaged them to say how happy it made me to know that they are worried enough about me to post a warning message to their members....lol lol and lots more lols........
Finding Emma Wasfi's link to Onecoin on the same page she's using for her WBB.....has been like hitting the jackpot.....and more people are questioning rather than just 'trusting' and 'believing' her... so I have hope......
so happy I'm having an impact on her scam but really want to make sure that this is investigated...in your experience how likely is it that they'll act off my report, or will the police?

[Washable Jones]

There are two aspects to this that potential victims members need to consider

1) "cash gifting" is just another name for pyramid schemes, which are illegal

2) They are illegal because they simply don't work for the majority of participants. They are mathematically guaranteed to fail before the vast majority of members make back their initial deposit, much less profit

IOW, they are fraudulent