Review of We Got Friends: A Closer Look at a Supposed MLM Scam. (Update 2024)
We Got Friends-Prospective customers for online businesses have recently become more familiar with the name We Got Friends. This company has frequently been referred to as a Ponzi scam or MLM fraud. This We Got Friends evaluation seeks to inform prospective investors about the company’s strategies, products, and compensation plan.
On its website, this company omits to list ownership or executive information. We Got Friends LLC has a corporate address in Carson City, Nevada.
Eazy Bit Start LLC owns the property at this address. To “protect yourself from liability,” Eazy Biz Start offers services for LLC formation. David Dubbs and Val Smyth serve as the hosts of the We Got Friends promotional videos. The two seem to be in charge of the business.
Smyth originally came to BehindMLM’s attention in 2015 while serving as a co-admin of Total Takeover. Total Takeover was a hiring tactic that didn’t last very long. Total Takeover failed a few months after it launched.
Later in the year, Smyth made a comeback with The Elite Networker, another opportunity focused on recruiting. Smyth introduced Mentoring Millionaires in 2016, a hybrid pyramid giving scheme.
Smyth’s most recent appearance on BehindMLM came in August 2019 on the Legends VIP Network. A pyramid scheme named Legends VIP Network used to stream content that was illegally obtained. I’ve put together that Legends VIP Network disintegrated sometime in 2022.
In Bellamora, David Dubbs (right) became well-known. Bellamora went out of business in 2011, which led Dubbs to carry on as a marketer who specialized in lead creation. The Conversion Pros, of whom Dubbs is the Chief Marketing Officer, is mostly used for this.
The Conversion Pros supplied leads for MLM frauds, and its owner Ron Pope eventually joined the team that launched the CashFX Group Ponzi scheme in 2019.
Pope’s position inside the CashFX Group has never been made public. He is often regarded as a co-founder of the business and even as a silent owner and executive.
The CashFX Group’s Ponzi division failed in November 2021. Early in 2022, the pyramid component of the fraud persisted, but by the middle of the year, it too had crumbled.
Dubbs provided marketing training for CashFX Group Ponzi recruiters through The Conversion Pros.
It was thought that this ended in January 2022. Turns out Dubbs was still coaching CashFX Group Ponzi scammers into mid-2022, the videos have just been deleted.
Uncertainty exists over Dubbs’ involvement with CashFX Group as an investor. It’s quite possible given his close proximity to Ron Pope.
Instead of making it appear as though We Got Friends is based in Nevada, Val Smyth and David Dubbs work out of Nashville, Tennessee, and Canada, respectively.
Find out more about the MLM opportunity offered by We Got Friends by reading on.
What they have to offer
No retailable goods or services are offered by We Got Friends. Only the We Got Friends affiliate membership itself may be promoted by affiliates. 100 leads are accessible to affiliate members of We Got Friends each month.
From a marketing webinar hosted by We Got Friends in February 2023, the following is Val Smyth’s description of the leads:
We Got Friends affiliates are also provided access to a “Digital Hacks Video Training Library”, as well as discount savings apps.
The ability of We Got Friends affiliates to sell leads to retail clients has nothing to do with the MLM opportunity.
Compensation Plan
Affiliates of We Got Friends are charged $20 on top of $69.95 every month. The commissions and bonuses associated with hiring are paid using these fees.
- Level 1 (personally recruited affiliates) – $30
- Level 2 and 3 – $5
Residual Commissions
We Got Friends uses a binary compensation mechanism to pay residual commissions.
An affiliate is positioned at the head of a binary team that is divided into two sides (left and right) by a binary remuneration structure:
The binary team’s first level has two slots. By dividing these initial two slots into two more positions each (4 positions total), the binary team’s second level is created.
The binary team is formed in stages, with each stage containing twice as many slots as the preceding stage. Direct and indirect affiliate recruitment is used to fill positions on the binary team. The depth to which a binary team can grow is unbounded.
We Got Friends affiliates receive 25% of the sales volume produced on the side of their weaker binary team at the conclusion of each weekly pay period.
Volume is matched against the stronger binary team side after being paid out on, and it is then flushed.
Any remaining volume on the stronger binary team side carries over into the following pay period.
Matching Bonus
We Got Friends offers a matching bonus on residual commissions accrued by affiliates who were personally recruited. The percentage of the matching bonus is not made public.
Pool for Global Loyalty Bonuses
The Global Loyalty Bonus Pool receives an undisclosed portion of the company’s total fee volume from We Got Friends. The “top performers” of We Got Friends split the Global Loyalty Bonus Pool. This need must be related to both direct and indirect recruitment.
What it Takes to Join We Got Friends
We Got Friends affiliate membership costs $20 upfront + $69.95 per month to join.
We Got Friends Conclusion
While the pirated streaming side of Legends VIP Network collapsed last year, the company’s website is still up.
On the said website you’ll find Legends VIP Network has been repurposed to shill, among other things, “biz opp leads”.
It changed in the latter half of 2022. We Got Friends is a continuation of this shill, selling The Conversion Pros leads through We Got Friends if you read between the lines.
We Got Friends is a $20 and subsequently $69.95 per month pyramid scheme, which is the issue.
Retail customers can buy leads, but as already said, this has nothing to do with the MLM opportunity. The components of the MLM opportunity We Got Leads are as follows:
Pay $20 and $69.95 per month; incentivize others to do the same;
This MLM business is a traditional pyramid scheme, just like every other MLM opportunity that Val Smyth has promoted over the years. Along for the ride is David Brooks as the CashFX Group Ponzi collapses.
We Got Friends may have been advertised as “We Got Friends Nitroline” in the past.
Nitroline is the name of an automated marketing platform that was probably adapted from The Conversion Pros. Like other MLM pyramid scams, recruiting commissions will stop once affiliate recruitment stops.
Those at the bottom of the We Got Friends pyramid will soon quit paying their $69.95 a month unless new victims are discovered.
Due to this, individuals who are paid above them will soon stop receiving their $69.95 monthly salary.
We Got Friends disintegrated after a sufficient number of affiliates ceased paying their monthly fees owing to a lack of recruitment.
Math makes it clear that most people who take part in a pyramid scheme lose money.
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