Paul Chalmers has taken the helm of My Wealth Club, a forex trading platform that bears striking similarities to NextGen Academy, which collapsed earlier this year. The connection raises fresh questions about whether this is simply the latest iteration of a scheme that's already been repackaged multiple times.

My Wealth Club operates from mywealthclub.com, a domain registered back in 2015. The private registration was updated on September 14th, 2023—around the time Chalmers and his business partners appear to have taken control. Chalmers lists himself as CEO on both the company's website and his LinkedIn profile, where he claims the role started in October 2023.

What Chalmers doesn't mention on LinkedIn is that he was the former Managing Director of NextGen Academy.

The pitch is straightforward: pay between $150 and $1000 for membership, then fork over an additional $83 to $150 monthly. Members supposedly get access to $100k worth of forex trading tools, expert analysts, and daily trading opportunities. The highest tier membership promises "downline reporting" and what looks like MLM recruitment access.

NextGen Academy was itself the latest reboot of a scheme run by brothers Rehan and Rizwan Gohar. This is actually the fifth version. The original pyramid scheme launched as BizzTrek in 2019, followed by BizzTrade that same year, then BizzTrade Pro in 2022, then NextGen Academy in 2022. Nested inside NextGen Academy was My Car Club, a brief marketing funnel that launched in early 2023.

My Wealth Club pulled something revealing here: the website's source code pulls assets directly from My Car Club. That technical detail suggests deeper ties to the previous operation than a simple rebranding.

The company claims to be based in Dubai, though it provides no corporate address. That location matters. BehindMLM ranks Dubai as the MLM crime capital of the world. Their guideline is blunt: if someone in Dubai pitches you an MLM opportunity, they're running a scam. If an MLM company operates from Dubai or claims ties there, it's a scam. The Gohar brothers themselves, originally from the UK, are believed to be hiding in Dubai now.

Chalmers may have also left the UK, though the evidence is incomplete. Another possibility is that My Wealth Club and Chalmers remain UK-based and Dubai is just a smokescreen.

The marketing materials add another layer. Backgrounds used in My Wealth Club promotional videos appear to be repainted versions of backdrops from the Gohar brothers' previous scams. It's the kind of detail that suggests recycling rather than rebuilding.

My Wealth Club accepts cryptocurrency for fee payments—a method that makes tracing money difficult and creates distance from traditional banking oversight. This tracks with how previous iterations operated.

The pattern is clear: when one scheme collapses, the same players rebrand, recycle the marketing materials, and solicit fresh victims with the same promises dressed up with new names. My Wealth Club looks less like a new venture and more like the Gohar operation simply changing its clothes again.

🤖 Quick Answer

Who is Paul Chalmers and what is his role at My Wealth Club?
Paul Chalmers serves as CEO of My Wealth Club, a forex trading platform operating from mywealthclub.com. He assumed this position in October 2023, following the September 2023 update of the domain's private registration. Chalmers previously held the position of Managing Director at NextGen Academy.

What is the connection between My Wealth Club and NextGen Academy?
My Wealth Club exhibits striking structural similarities to NextGen Academy, which collapsed earlier in 2023. The platforms share comparable operational models and business approaches. Paul Chalmers' transition from Managing Director at the defunct NextGen Academy to CEO of My Wealth Club suggests potential continuity between the two entities.

When was the My Wealth Club domain registered?
The domain mywealthclub.com was registered in 2015 under

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