It would be technically wrong to call National Wealth Center a company. Tagging it a scheme would be better. After all, from the look of things, it is another money-grabbing trick from the notorious ponzi/ pyramid schemer, Peter Wolfing.
Peter Wolfing has a history with a lot of failed ponzi/pyramid schemes: Turbo Cycler, Hand of Heaven, and Pay me Forward amongst many others. National Wealth Center is a reinvention of the crashed Ponzi scheme, Infinity Downline. National Wealth Center has the same “back office structure, products, and income levels” as Infinity Downline.
National Wealth Center is a multi-level-marketing (mlm) “company” offering low-value online training on health, wealth, and success. It would be best described as a personal development mlm.
National Wealth Center is not a ponzi scheme because it has an mlm offering. Wolfing’s pedigree put aside, National Wealth Center is grounded on affiliate recruitment. An individual investor has to pass up two other individual investors to the investor that brought him or her in while still maintaining a healthy number of personally recruited affiliates.
The main idea behind National Wealth Center is that of recycling people and funds amongst the hierarchies of investors. Funds are funneled upwards to high ranking affiliates. Funds are also shuffled amongst investors to create an illusion of earnings.
Also, the ability to earn reasonably well is very limited. It is hard to convince people to part with money or to invest in an mlm company today. Failure stories about mlm companies abound and this has driven the level of skepticism sky high. Also, the sales and recruitment quotas for eligibility as a National Wealth Center investor is absurd.
As would be expected of ponzi schemes, National Wealth Center gives no disclosure of income. The only verifiable source of income it has is money gotten from newly recruited affiliates.
National Wealth Center promises high and guaranteed returns on investments. In the world of true investment, nothing is guaranteed. National Wealth Center’s promises do not reflect the volatile nature of true investments.
All of Wolfing’s Ponzi schemes have crashed. Most of them crashed because the funds pool generated from new affiliates dried off when affiliate recruitment stalled. National Wealth Center too would follow suit. When it does, Peter Wolfing and few early adopters would cash out leaving most investors with losses to count.