As per the Worldwide Solutionz website, the company appears to have shut down on or around January 15th:
Kindly note that WorldWide SolutionZ will no longer be conducting business, effective immediately. Please refer to the email sent to all members on January 15, 2015.
The email sent to affiliates offers up some more information, suggesting that the company has shut itself down in the face of a regulatory investigation:
Dear WorldWide SolutionZ Members,
As you all know by now, we have been struggling to get compliance taken care of with the Reserve Bank from early 2014 with very little progress.
We have now received instructions of the first phase of information needed from all members and while this process is being dealt with the website and business will be closed down as we are not allowed to trade while the business is under investigation and reconciliation is being done.
Some of you will see refunds added to your funding processor as we progress.
Please send us the following required by the Reserve Bank very urgently:
-Full names and last name and proof of identity
-Registration numbers and papers for businesses if you had a business registered with us
-Proof of residence, must be physical address and postal address
-Reason (relationship) for doing business with WorldWide SolutionZ
-Denomination of funds sent to WWSz for Registrations, Life Jackets and other transactions
-Total out of pocket funds added to WorldWide SolutionZ Life Jacket Account, proof of funding attached
-Proof of income used to fund WorldWide SolutionZ accounts (where did the money come from ie, salaries, savings, loans, etc)
-Confirmation that membership agreement was read, understood and accepted
-Confirmation that Private Membership Agreement and Articles of association was read, understood and accepted
-Confirmation that the member has not been offered and does not own shares in WorldWide SolutionZ at this point in time.
Please send the above mentioned requirements very urgently to help us speed up the process. Send to (email address removed).
Kindly note that effective immediately, WorldWide SolutionZ will no longer be conducting business.
The Skype groups and Social Media groups will be closed to further comments at this time. We will not be available for direct communication via skype, mail, phone, social media or any other means of communication.
Please direct all enquiries to (email address removed)
Love, Light and Graitude
Marelize
As someone who has followed a number of company shutdowns due to regulatory intervention, I have to say that the above doesn’t sound so much as an investigation as it does gathering victims’ details.
The last “confirmation” in particular sees WorldWide Solutionz effectively ask their affiliates to lie, presumably to regulators as that’s who the company will forward affiliate correspondence on to.
From the sounds of it the Reserve Bank has finished their investigation, WorldWide Solutionz has shut itself down
🤖 Quick Answer
Did regulators shut down Worldwide Solutionz?
Worldwide Solutionz ceased operations on January 15, 2015, following regulatory pressures from the Reserve Bank. The company had faced compliance difficulties since early 2014 with minimal progress. Management notified members via email that the website and business would close while handling the first phase of regulatory information requests from authorities.
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