Consumer Alert - Donations For Wealth

Consumer Alert

Donations for Wealth

Donations For Wealth describe themselves as:

"a 21st Century Donation system and Crowd Sharing Platform. It brings forth a new way of raising funds for various causes, whether it is for personal needs or a host of worthy causes, such as Paying off Debts, Groceries, Holiday, Weadding, Buying a car, churches, schools, non-profit organizations, etc."

They also say that they are the "No 1 World's best donation system" make some remarkable offers:

Turn R5 into 2 Million / Turn $ 0.40 into $150,000
Turn R10 into R100,000 / Turn $1 into $6920
Turn R100 into R40,000 / Turn $7 into $2700
Turn 500 into R135,000 / Turn $34 into $9160
Turn R500 into R20,000 / Turn $34 into $1358
Turn R50 into R5000 / Turn $3.40 into $340
Turn R200 into R4600  / Turn $14 into $312
Turn R500 into R21000  / Turn $34 into $1400

And then they claim that you can "Turn A once-off R10 to over R100,000".

Given that there are no products, that the only source of income seems to come from subsequent recruits, it's clear that Donations for Wealth is a Ponzi scheme. Or maybe a pyramid scheme. One of their Facebook posts was very simple about the business model:

"Lets work hard and Make money! Recruit Recruit Recruit!!"

The FAQ page on their web site (the domain for which was only registered on 12th February this year) includes the question "Can I sign people up myself?" and answers:

"Yes you can. In fact, you are encouraged to do that to make sure that the people you refer are placed under the correct Referrer, which is you."

One of their Facebook posts was very simple about the business model:

"Lets work hard and Make money! Recruit Recruit Recruit!!"

Whether it's a Ponzi scheme or a pyramid scheme doesn't really matter. Either way it's illegal.