Today on BusinessForHome, I came across an alarming headline:
Eric Worre’s Debut: OmegaPro, the Dubai-based MLM Ponzi? As OmegaPro’s New Official Strategic Coach, OmegaPro, the Dubai-based MLM Ponzi? Oh dear.
Worre’s Network Marketing Pro wagon isn’t the first Dubai MLM Ponzi Worre has hooked his wagon to. Worre’s affiliation with OmegaPro came to my attention earlier this year after he appeared at one of their marketing events.
While seeing someone with a bad MLM reputation speak at a Ponzi marketing event is frustrating, it’s not something we would cover in a stand-alone piece. Get paid, accuse the audience of being duped, stand up, pose for photos (which they’re paying for), and depart. It occurs more frequently than you might expect. Worre’s latest action, on the other hand, goes far further. I’m sure OmegaPro has their own version, but we’ll go with the BFH version for now. “The world’s most viewed and most trusted human resource for sophisticated network marketing business training and support,” according to OmegaPro. Whether it’s marketing fluff or not, it only adds to the tragedy.
OmegaPro has signed a long-term strategic coaching agreement with none other than Then Eric Worre, as the Official Strategic Coach, will oversee premium grooming for the elite community. Eric Worre will now be more than just a one-time experience for the thriving community members as he slides into this wonderful role of teaching the public and top leaders like never before.
This potential vulnerability should raise red flags.
Every single week, almost 5 million people watch his training. Worre’s Network Marketing Pro group has grown to include over a million leaders from over 100 countries.
While it may rise up again, SimilarWeb noticed a 74% drop in visits from the United States to Network Marketing Pro’s website. The United States is the world’s most active regulator of Ponzi schemes, which takes us to OmegaPro’s business strategy. OmegaPro is a multilevel marketing (MLM) crypto Ponzi scheme conducted by scammers based in Dubai. OmegaPro has already been sanctioned by regulators in Nicaragua, the Democratic Republic of the Congo (several arrests), Spain (two fraud warnings), Mauritius, Argentina, Colombia, France (two fraud blacklist entries), Peru, Belgium, and Chile.
According to us, any MLM company that commits securities fraud is operating as a Ponzi scheme. Worse, Worre’s association of his Network Marketing Pro brand with fraud isn’t a one-time occurrence.
I checked Worre’s social media accounts to see if he’d accepted his new role as the face of MLM fraud in Dubai. Instead, I discovered:
Worre is pictured with GSPartners Ponzi executive Dirc Zahlmann, as well as top earners Andrew Eaton and Bruce Hughes. My mentor, Eric Worre, spoke at our Dubai event, which was fantastic.
To make up for owner Josip Heit’s absence from their Atlanta event in late April, GSPartners organized an event in Dubai in early May.
Another MLM crypto Ponzi fraud is GSPartners. Affiliates of GSPartners buy in tokens, passively earn more tokens through the program, and then seek to pay out previously invested money on the (increasingly complicated) backend.
According to SimilarWeb, the United States accounts for 57 percent of visits to GSPartners’ website. Heit was unable to attend GSPartners’ Atlanta event due to… well, you know. Worre was on Facebook today, in between the GSPartners event and the OmegaPro announcement, showing off new renovations to his Las Vegas property. Eric Worre ought to know better, and he does. He’s been around long enough to witness all of the major MLM Ponzi busts in the United States, including Zeek Rewards, TelexFree, OneCoin, and BitConnect.
Zeek Rewards exceeded $600 million in revenue. The rest were MLM Ponzi schemes for billions of dollars. OmegaPro claims to have 1.8 million investors in their press release. “Eric Worre is one of us.” The amount of money invested and the amount of money lost in the background are unknown.
Worre isn’t the only US MLM event regular who has been enticed by the promise of ill-gotten profits in Dubai. Following creator Jonathan Sifuentes’ regulatory issues in the US and Mexico, I recently covered Xifra Lifestyle’s transfer to Dubai.
The company rebranded as Decentra after Xifra Lifestyle and Sifuentes fled to Dubai. John C. Maxwell agreed to serve as the Ponzi scheme’s “official mentor” as part of the rebranding.
In his “The Power of Five for Network Marketing Book” advertisement, Maxwell says that he has spoken at over 100 direct sales and network marketing organizations.
He has mentored, coached, and trained the industry’s best leaders.
Maxwell, like Worre, should and does know better.
It isn’t uncommon for MLM Ponzi scams to seek legitimacy through affiliation. Sports teams, financial processors, organizations, and even governments have all been caught up in fraud. Now we have MLM insiders claiming to be “the world’s most watched and trusted network marketing resource,” publicly speaking about and endorsing blatant MLM Ponzi scams.
This behavior surely aids the Ponzi schemers and the likes of Worre’s and Maxwell’s hip pockets. What role does it play in the MLM industry?