7 Day Wealth Reviews
Is 7DayWealth.com Legit or a Scam?
If you’ve just come across 7daywealth.com, you might feel a bit confused about exactly what product or program they’re selling.
This is because in order to actually receive any information about the program itself, you must sign up for the program’s three week free trial. If you’re hesitant to give all your information to a company that seemingly refuses to tell you what they do, that’s understandable.
They claim to be an “automated online investment club,” but what exactly does this mean? A traditional investment club is just a group of people willing to pool their money to invest. An online club like 7 Day Wealth is different.
7 Day Wealth offers three subscription levels. You can join at $10, $22.95, or $45.95 monthly and then they’ll invest your money for you based on their automated investment matrix, and, according to them, you just need to sit back and collect your earnings.
You are also encouraged to recruit other members to join the investment club, and each member that joins has a portion of their initial investment (and potentially their monthly contributions, though this is unclear) paid out to members further up in the investment club.
So is 7daywealth a Scam?
The fact that they are unwilling to give you any information until you sign up for their program is a huge problem. They try to pass this off as not wanting their “secret” revealed, but any legitimate business would at least be willing to tell you up front what type of business they’re involved in.
In addition, any investment scheme that claims that all you have to do is invest a little bit of money and then simply sit back and watch it grow with no risk of losses should raise suspicion.
After doing a bit of research I can confidently tell you that 7 Day Wealth is not only a scam but is almost certainly operating illegally, and here’s why. If they claim to be a Multi-Level Marketing program, then they would clearly be an illegal pyramid scheme because they don’t have any actual product or service that they’re selling.
If they are actually investing your money (which I highly doubt) then they must be registered with the SEC as an investment adviser or broker and they certainly are not. Although 7 Day Wealth do not claim to guarantee any return, they do guarantee zero losses which no legitimate adviser could.
If the people behind 7DayWealth are not actually investing your money and are simply paying you profits from the payments of people who’ve joined after you, then this is nothing but a poorly disguised ponzi scheme which will inevitably collapse.
In any such scheme most people are bound to lose most if not all of their investment. If you do somehow miraculously manage to make a substantial amount of money from 7 Day Wealth then you will have a hard time explaining where it came from to the tax authorities.
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November 5th, 2010 at 11:40 am
Not that this has stopped as of nov. unnoticed, what’s next? Has anyone gotten their money.
September 21st, 2010 at 11:56 am
I have already doubled the investment amount in 7DayWealth and gotten my money out of the investment club, 7DayWealth is legitimate, and I have a feeling you wont post my comment here.