Wombia provides no information on its website about who owns or runs the company.
Wombia’s website domain (“wombia.com”), was privately registered on July 16th, 2021.
In an attempt to appear legitimate, Wombia provides a UK incorporation certificate for Wombia Multinational Company Limited.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and
effectively unregulated
. On top of that the FCA, the UK’s top financial regulator,
do not actively regulate MLM related securities fraud
.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
Wombia also provides a Nigeria incorporation certificate for Wombia Integrated Resources LTD.
For the purpose of due-diligence, basic incorporation
anywhere
is meaningless.
Wombia’s marketing videos feature a robo-voice. This is typical of schemes run by non-native English speakers.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Wombia’s Products
Wombia has no retailable products or services.
Affiliates are only able to market Wombia affiliate membership itself.
Wombia’s Compensation Plan
Wombia affiliates invest cryptocurrency on the promise of advertised returns:
Start Up – invest $25 to $9999 and receive 1.5% for 150 days (225% ROI), 75% of invested amount must be reinvested
Trader – invest $10,000 to $24,999 and receive 2% for 130 days (260% ROI), 50% of invested amount must be reinvested
Professional – invest $25,000 to $49,999 and receive 2.5% a day for 120 days (300%) ROI), 25% of invested amount must be reinvested
Evolution – invest $50,000 or more and receive 3% a day for 100 days (300% ROI)
Note Wombia charges a 10% fee on all withdrawals.
The MLM side of Wombia pays commissions on recruitment of affiliate investors.
Referral Commissions
Wombia pays a 2% to 10% commission on crypto invested by personally recruited affiliates.
recruit fifty affiliates to qualify for a 2% referral commission rate
recruit one hundred affiliates to qualify for a 5% referral commission rate
recruit two hundred affiliates to qualify for a 10% referral commission rate
Residual Commissions
Wombia pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect re
🤖 Quick Answer
What ownership information does Wombia disclose on its website?Wombia provides no publicly available information regarding company ownership or management structure on its official website, raising transparency concerns for potential investors.
When was the Wombia.com domain registered?
The Wombia.com domain was registered with private registration settings on July 16th, 2021, limiting public access to registrant details.
What incorporation certificate does Wombia present?
Wombia presents a UK incorporation certificate for Wombia Multinational Company Limited to establish apparent legitimacy and regulatory compliance.
Why is UK incorporation considered a red flag for MLM companies?
UK incorporation is inexpensive, minimally regulated, and the FCA does not actively enforce MLM securities fraud cases, making the jurisdiction attractive to fraudulent operators.
How does UK regulatory status affect MLM due diligence assessments?
UK incorporation or
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