Crypto MLM Scheme Watch Alert Indicates Weeconomy Reboots as Flexkom Investment Deal
A recent Beyond MLM review titled Weeconomy Review: Flexkom Rebooted with Crypto Investment Fraud, questions concerning Weeconmoy and its potential current rebooted form Flexkom, arose.
According to the article, Weeconomy originated as Flexkom, which is an alleged pyramid involving a pay to play system. In 2016, Flexkom collapsed and upon visiting the platform’s website, users are directed to
“MPM Group AG.”
After the platform shut down, Weeconomy was launched and headed by Cengiz Ehliz.
As the review explains, users are prompted to sign up and invest shares. They then collect a higher return and if they would like to collect more, they invest more. The platform also features an e-commerce shopping platform. Further, although there is a passive investment opportunity, there is no indication that it has been legitimized by financial regulators, anywhere. The review makes an interesting point that if these operations were legitimate, then Flexkom would not have collapsed.
The platform also added a crypto facet, and the review states that it
“provides literally no change to the business model, other than the platform payments in Weeconomy’s internal token.”
The review also indicates that the ICO also comes with the bare promise that those who invest in the coin stand to gain.