WEWE Global
We are investigating WEWE Global
for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.
PARTIES INVOLVED : WEWE Global
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : 28 Feb 2024
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, FakeDMCA, SecurityTrails
CASE NO : 0619/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 22 Nov 2024
Is This About You?
What We Are Investigating?
We are investigating WEWE Global for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury
We are investigating WEWE Global for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury
What are they trying to censor
Allegations, Red Flags, and Adverse News Against WEWE Global
WEWE Global, a company that presents itself as a technology-driven investment platform, has been the subject of a growing number of allegations and criticisms. These claims suggest that the company may be operating in a manner that deceives and exploits its clients, undermining its credibility and raising serious concerns about its legitimacy.
Claims of a Ponzi Scheme
One of the most significant red flags raised against WEWE Global is the growing suspicion that it operates as a Ponzi scheme. Several financial watchdogs and investigative reports, including those from Finance Scam and FinTelegram, have indicated that the company’s business model may involve paying returns to earlier investors using funds from new investors rather than generating legitimate profits. Ponzi schemes typically promise high returns with little to no risk, which mirrors the structure of WEWE Global’s offerings.
These claims, if proven true, would be devastating to WEWE Global’s reputation. A Ponzi scheme is illegal in most jurisdictions and is one of the most harmful types of financial fraud. Should these allegations be substantiated, it could result in the company facing regulatory investigations, criminal charges, and a massive loss of trust from current and potential investors.
Lack of Transparency and Regulatory Oversight
Numerous reports, including those from Offshore Alert and Intelligence Line, have pointed out the company’s significant lack of transparency regarding its ownership, management, and operational structure. There is little publicly available information on the key figures behind WEWE Global, which is a major concern for investors who expect accountability from any firm handling their money. Additionally, WEWE Global has not been registered or licensed by any recognized financial authority, which places it under suspicion of operating in violation of financial laws in several countries.
This lack of oversight and transparency is a major reputational risk. Investors, especially in financial services and investment sectors, rely on the assurance that a company is regulated and that its operations are transparent. The absence of regulatory licenses and the mystery surrounding WEWE Global’s leadership makes it difficult for investors to trust the firm, further fueling doubts about its legitimacy.
Unverifiable Investment Returns
A recurring theme in customer complaints and investigative reports is WEWE Global’s promises of high, often unrealistic, returns on investment. Trustpilot and various forums have seen numerous negative reviews from users who claim to have been misled by the company’s marketing. These users often state that they were promised rapid, high returns but were either unable to withdraw their funds or experienced significant delays in receiving payouts.
Unverifiable investment claims are a significant red flag, as legitimate investment opportunities are subject to regulatory scrutiny and typically provide clear, verifiable financial statements. The inability to deliver on promised returns not only violates consumer trust but also suggests the potential for fraudulent practices, further damaging the company’s credibility.
Excessive Recruitment Focus Over Real Business
Many reports, including those on FinTelegram, highlight the company’s strong focus on recruitment rather than on providing genuine investment opportunities. The company has been accused of operating more like a multi-level marketing (MLM) scheme than a legitimate investment platform, with a heavy emphasis on attracting new members rather than providing a sustainable business model or value. This approach is often associated with fraudulent or unsustainable business models, where the primary goal is to recruit more participants to sustain the appearance of profitability, rather than actual business growth.
MLM-based structures raise concerns because they often prioritize recruitment over actual product or service value, leading to a collapse when new members stop joining. Such a model can seriously damage the reputation of a company, as it becomes synonymous with exploitation and deceit.
Negative Media Coverage and Consumer Complaints
Across various platforms, from Trustpilot to Offshore Alert, negative testimonials and reports have painted a picture of a company engaged in deceptive practices. Complaints range from issues with account freezes to accusations of manipulation and misleading advertisements. The volume of negative feedback is a major concern for any company, especially one trying to build trust with potential investors.
Why WEWE Global Would Want These Stories Removed
Given the serious nature of these allegations—ranging from operating a Ponzi scheme to misleading investors with unrealistic returns—WEWE Global’s reputation is at significant risk. If these stories continue to spread and gain traction, they could lead to a dramatic decline in investor confidence, regulatory investigations, legal actions, and ultimately, the collapse of the company’s operations.
To protect its brand and maintain a functioning business model, WEWE Global would have a strong incentive to suppress or remove such damaging information. The company might resort to cyber crimes or illegal measures—such as hacking negative websites, pressuring review sites, or even manipulating online content—to prevent these stories from reaching a broader audience. This would be an attempt to control the narrative, erase evidence of wrongdoing, and protect the financial interests of those running the company.
In summary, the allegations against WEWE Global—ranging from Ponzi scheme-like operations to fraudulent marketing tactics and consumer dissatisfaction—pose a substantial threat to the company’s public image. In an effort to shield itself from these damaging stories, WEWE Global might resort to illegal measures to suppress negative press, further deepening its ethical and legal dilemmas.
- https://lumendatabase.org/notices/38399099https://lumendatabase.org/notices/38188990
- https://lumendatabase.org/notices/39772188https://lumendatabase.org/notices/39415275
- https://lumendatabase.org/notices/39274843https://lumendatabase.org/notices/39259104
- https://lumendatabase.org/notices/39091130https://lumendatabase.org/notices/38845164
- https://lumendatabase.org/notices/38810506
- https://lumendatabase.org/notices/38662580https://lumendatabase.org/notices/38540218
- https://lumendatabase.org/notices/27854307
- https://lumendatabase.org/notices/35332734
- https://lumendatabase.org/notices/36504760
- https://lumendatabase.org/notices/41373977
- https://lumendatabase.org/notices/41324832
- https://lumendatabase.org/notices/34626732
- Dec 29, 2023
- Dec 19, 2023
- Feb 28, 2024
- Feb 13, 2024
- Feb 07, 2024
- Feb 06, 2024
- Jan 30, 2024
- Jan 19, 2024
- Jan 17, 2024
- Jan 10, 2024
- Jan 09, 2024
- Jun 17, 2022
- Aug 05, 2023
- Oct 04, 2023
- May 07, 2024
- May 7, 2024
- Jun 24, 2023
- Feb 06, 2024
- Jun 17, 2022
- [REDACTED]
- Colby Barker
- Meryl Jackson
- [REDACTED]
- Devit Wilson
- Jimmy Mathew
- [REDACTED]
- [REDACTED]
- Richard Wilson
- Dan Christian
- Jimmy Mathew
- Demin Wilson
- Demin Wilson
- [REDACTED]
- [REDACTED]
- Finley Manning
- Jimmy Mathew
- Jimmy Mathew
- https://www.tumblr.com/weweglobal/737207690577739776/wewe-global-lyopay-ponzi-fraudwarning-from-nz
- https://behindmlm.com/companies/wewe-global-lyopay-ponzi-fraud-warning-from-nz/
- https://www.tumblr.com/morning9amnews/743561499203846144/wewe-global-expands-ponziwith-lyofi-and-lyopay
- https://www.tumblr.com/info-24/739771689888563200/wewe-global-lyopay-ponzi-fraudwarning-from-nz
- https://24newsblog.livejournal.com/265.htmlhttps://www.tumblr.com/wewe-global-reviews/737297751464869888/wewe-global-expandsponzi-with-lyofi-and-lyopay
- https://www.tumblr.com/weweglobal/737207690577739776/wewe-global-lyopay-ponzi-fraudwarning-from-nz
- https://www.tumblr.com/24newsblogs/739034440077131776/wewe-global-expands-ponzi-withlyofi-and-lyopay
- https://pressnews1.livejournal.com/458.htmlhttps://www.tumblr.com/24newspress/722190215663550464/suspected-ponzi-and-pyramidscheme-warning
- https://www.tumblr.com/24-newspress-posts/730248224937525248/wewe-global-reviewweweglobal-is-a-crypto-ponzi
- https://behindmlm.com/companies/wewe-global-lyopay-ponzi-fraud-warning-from-nz/
- https://scam-reporternews.blogspot.com/2022/11/wewe-global-lyopay-ponzi-fraudwarning.html
- https://newsdailyalarm.blogspot.com/2022/01/wewe-global-scam-website-legitimacy.html
- https://behindmlm.com/companies/wewe-global-lyopay-ponzi-fraud-warning-from-nz/
- https://www.fma.govt.nz/library/unregistered-businesses/wewe-global-and-lyopay/
- https://behindmlm.com/companies/wewe-global-expands-ponzi-with-lyofi-and-lyopay/
- https://permaculturaorganica.info/po2-imparare/extra/informatica/wewe-global-arte-affabulatoria-web/
- https://business.scoop.co.nz/2023/02/09/suspected-ponzi-and-pyramid-scheme-warning-wewe-global-and-lyopaycom/
- https://www.valforex.com/wewe-global-review-wewe-global-is-a-crypto-ponzi-scheme/
- https://publicistpaper.com/wewe-global-scam-website-legitimacy/
Evidence Box
We are investigating WEWE Global for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices.
Targeted Content and Red Flags
fma.govt.nz
Suspected Ponzi and pyramid scheme WEWE Global or The Blockchain Era promoting LYOPAY
- Adverse News
About the Author
The author is affiliated with Harvard University and serves as a researcher at both Lumen and FakeDMCA.com. In his personal capacity, he and his team have been actively investigating and reporting on organized crime related to fraudulent copyright takedown schemes. Additionally, his team provides advisory services to major law firms and is frequently consulted on matters pertaining to intellectual property law.
He can be reached at [email protected] directly.
Many thanks to FakeDMCA.com and Lumen for providing access to their database
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How This Was Done
The fake DMCA notices we found always use the ?back-dated article? technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ?true original? article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original
What Happens Next?
The fake DMCA notices we found always use the ?back-dated article? technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ?true original? article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original.
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Average Ratings
1.5
Based on 6 ratings
Andrew Rodriguez
Share
This company is terrible. They pressure you to invest and then disappear when you need help. I lost everything with Wewe Global, and I’ll never trust them again.
Ella Thompson
Share
Wewe Global is a complete fraud. They act like they’re legit, but they’re just stealing money from people. I learned the hard way, and now I’m warning others.
David Perez
Share
This company is a joke. They talk a lot about making you rich, but it’s all lies. I invested, and now I can’t even get my money back. Don’t trust Wewe Global at all.
Tara Hill
Share
I invested €5000 four years ago, but now I have less than €500. The platform changed names and forms multiple times—first LiraCoin, then WeWe, and now they’ve come up with a new scheme to continue taking people's money.
Quincy Bell
Share
I invested $2,500 two years ago and saw a return of $1,000, which at first seemed promising. However, since then, I’ve had nothing but frustration. I can’t log in to my account, and attempts to withdraw my funds have been unsuccessful due to the platform supposedly "changing" for an extended period now. I’ve reached out to their support email multiple times, but I’ve never received a response. It’s incredibly frustrating to be left in the dark with no updates or way to access my money.
Luke Baker
Share
I invested almost $30k, starting with $21k and reinvesting the passive income, but after they began changing platforms, I haven't received a single penny. Be cautious this is a major scam, and they keep changing names.