Wealth 4 all shutting down :(

@camalich (1118)
Spain
September 12, 2012 4:12pm CST
Hello fellow MyLotters. I got an email today from the Wealth 4 all admin telling that they will be closing the program. Looks like the compensation is not compailand with the US Regulations so they decided to close down before it is taken down like it happened to ZR. In the email the promise that members will not lose their money... hopefully! It's not the first time they do this and last time they gave back all the money to the members. For months they have been working on an upgrade to the current business so now they have to put the work into high gear to get it out as soon as possible. Keep the fingers crossed and let's hope for the best ;)
1 person likes this
7 responses
@hareshbl (121)
• India
13 Sep 12
Hi Camalich, I am also on this program. I have invested some money already in this program. I have no idea of what will happen to my money now. But what I like about the Admin is they have been frank enough to let all the members know what they are doing and have promised no member will lose their money. Let us see how things develop and hope for the best.
1 person likes this
• Philippines
13 Sep 12
Exactly what I respect about W4A too. How long were you a member in W4A?
@hareshbl (121)
• India
13 Sep 12
I joined last month Jolie.
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@camalich (1118)
• Spain
13 Sep 12
I joined a few month ago. I think they will be legit and they will give back the money ;)
1 person likes this
@myl999 (2093)
• India
15 Sep 12
So another big blow for me getting this bad news after some of my other programs like ultrax,unstoppable,adailycash gone scam or closed for some reasons...and now I had high hopes to this one and started pifing to referrals and already sent $25 to one person who joined me...and now the scene is dark for me losing all money I invested I have not recovered a single pie yet from this...oh oh I do not know what to do there is no good programs left ...it is really a sad news...but I have not received any so called message though in gtforum someone said about this...
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@camalich (1118)
• Spain
15 Sep 12
Yes... I know how you feel... I've also benefactored some members into W4a and all of my other income programs are now on Stand By. I'm still confident that they will give us back the money and hopefully they will start their new program as soon as possible to start off there. Good luck ;)
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@suraj7nov (1737)
• India
15 Sep 12
why you didnot consider uinvest,it is paying since 2007
1 person likes this
@myl999 (2093)
• India
16 Sep 12
Hey do you think we earners just become active in one program at once... no it is not.. I am working with uin.... since long and earning monthly income but as I said I do not put all my investment at one place it is always devided into many .. and in the process when some one stops paying or closes the others save me..but I agree with you this one is going well...and I am thinking about increasing the proportion of investment here which may go to $2000 so I can earn a decent monthly income from this one only...but at the same time I am working on those free to earn streams which just require settings and once they begin giving returns it is for long time to come....Thanks for sharing... By the way any other site like univest...???????? if there please do share...
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@suraj7nov (1737)
• India
13 Sep 12
another good site falling down,very sad to hear that
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@camalich (1118)
• Spain
13 Sep 12
Yep... after seeing what happened to ZR I think they did see possible problems coming so they took action before the money is gone....
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@suraj7nov (1737)
• India
13 Sep 12
so what they are planning now,any update do let me know as well
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@magtibaygom (4864)
• Philippines
13 Sep 12
This is the very reason why I am cautioning friends and readers of my post that before they join an online company, they must first make sure that the company is founded on solid ground and it includes legitimacy. If a company you have joined gone bust, all your money, efforts, and time invested will go bust too.
@hareshbl (121)
• India
13 Sep 12
How can one make sure that a company one is joining is a good one and not likely to go bust. Initially a company may be good but after some time, it may just go bust with no advance information.
1 person likes this
@camalich (1118)
• Spain
13 Sep 12
Well, Wealth 4 all changed all it needed to change last year so it could be compailant with the US regulations. Unfortunately it seems the regulations change every now and then and what was legal a few month ago is not legal anymore. Last time, it was December 2011, they closed the business as well and paid back all the money they owed to the members. I hope this time they manage to pay back everything as well. So they are now working on getting the business compailant to those US Regulations again so let's hope for the best :) Of course they want to get all the old member back in and this would not work if they just take the money from the actual members and the just reopen :)
@blebchel (249)
• Philippines
13 Sep 12
a sad news. This is one of the programs i plan to invest my earnings.
1 person likes this
@camalich (1118)
• Spain
13 Sep 12
Yes, it really was a great program... You'll have to wait till they launch Genesis and then jump in ;)
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@txgrl21 (819)
• United States
16 Sep 12
Well that sucks, I didn't even get a chance to loose money lol. I was actually just looking into it and planning on reading more on it but I guess now I will invest my time elsewhere.
1 person likes this
@joliefille (3696)
• Philippines
13 Sep 12
Yes, I read about it yesterday afternoon. Hopefully their new comp plan, Project Genesis, will be even better. At least they're not going away without letting members know about it and that they have a backup plan in mind. I don't know how they will base the cashout on. I still would like to join their new program.
@camalich (1118)
• Spain
13 Sep 12
Sure thing... also Genesis offers multiple income streams so I think it will be great. I don't know how they are going to pay back the money but they will let us know soon ;)
1 person likes this
• Philippines
13 Sep 12
I can't wait!