Despite the SEC making it clear that MLM cryptocurrency opportunities are
not exempt from securities regulation
, some companies don’t appear to have gotten the memo.
One of those companies is Wealth Generators, who are currently gearing up to launch their “Crypto” mining contracts.
Randy Schrum is a Wealth Generators affiliate who markets the opportunity through his “Occupy Wealth” branding.
[7:50] We are Occupy Wealth. We are what we call “a movement”.
We break down the barriers for financial wealth. I’m the founder.
I’ve got to tell you now, I’ve been on this journey for the last several years and one of the things I’ve always looked at is, “How can I teach and share the wealth building strategies that I’ve discovered over the years and bring the best in class of people that can seamlessly open their laptops from anywhere in the world … and can produce wealth”.
They can produce
passive income.
Not just any type of income, but passive – meaning money that comes in whether they’re working or not.
That last sentence is key, because it pretty much defines Wealth Generators’ new Crypto mining contracts.
To cut to the chase, Schrum claims Crypto is based on a “proprietary algorithm”
Crypto uses a proprietary algorithm to determine the most profitable cryptocurrencies to mine at any given time.
Crypto’s algorithm diversifies what is being mined to reduce some of the risk associated with mining cryptocurrency.
The cryptrocurrencies that are currently being mined through the Crypto platform are ethereum, dash, monero and ethereum classic, but others may be added at any time.
Wealth Generators affiliates buy in for $149.99 and then $500 to $4999.99 per mining contract (another $99.99 is charged per mining contract invested in).
[15:36] It’s a minimum deposit of five hundred dollars. It’s 100% automated.
Once you get it set up, you don’t have to touch it.
In total, Wealth Generators offer three mining contract investment levels:
Generator – $500
Investor – $999
Executive – $2499.99
Premiere – $4999.99
Mining contracts pay out for 1200 days, with Schrum claiming Generator tier contracts pay out “about $1 to $2 a day”.
Executive contracts purportedly pay $6 to $8 a day and Premiere “anywhere from $12 to $24”.
Additional mining rigs can be obtained via a two level deep referral system, based on “crypto points”.
Wealth Generators themselves aren’t running the mining rigs, as Schrum reveals;
[8:38] As the founder and as the leader of this community, what we do is we risk, I risk my own money verifying what works.
I go out there and do the due-diligence. I go out there and do the research.
And one of the deals … (cuts out) … to you is a publicly traded company that has been in business for three years. A+ rated by the Better Business Bureau and most of all, they are publishing their results.
So you’re not going to see a company out there in this space that’s doing those three things.
And so you can see it, you can see it physical
🤖 Quick Answer
What is Wealth Generators' Crypto mining contract offering?Wealth Generators offers 1200-day altcoin mining contracts marketed as cryptocurrency opportunities. The company, promoted through affiliates like Randy Schrum's "Occupy Wealth" branding, positions itself as a wealth-building movement providing access to mining contracts and financial strategies.
Has the SEC addressed cryptocurrency MLM structures?
The SEC has explicitly stated that multilevel marketing (MLM) cryptocurrency opportunities are not exempt from securities regulations. Despite this regulatory clarity, some companies continue operating similar structures without apparent compliance modifications.
Who is Randy Schrum in relation to Wealth Generators?
Randy Schrum is an affiliate marketer for Wealth Generators who promotes the company's opportunities under his "Occupy Wealth" brand. He positions himself as a founder of this wealth-building movement and claims to share financial strategies and connect qualified participants.
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