Quick Summary of Wealth Distribution Society
Rating: 0.01 It is such a blatant scam that I could not even give it 1/10 of a point.
The Good: I realized that if I can sit safely in my own house, in front of my own laptop, I am already part of the 1 percent. There is no need for me to feel envy.
The Bad: This scam plays on your emotions in order to have you part with your cash ASAP.
The Bottom Line: Avoid this scam and spend your spare moments working with real charities that strive to create positive change, not increase chaos and negative emotions. If you're looking to make money for yourself, look no further than our top recommendation here.
Wealth Distribution Society Review
Doesn’t it make you mad that 1% of the world’s population controls 48% of the world’s wealth? Doesn’t it burn you that millions of people live in absolute poverty while big-name CEOs take family vacations in the Bahamas and go golfing?
Luckily, there is a non-profit organization that is helping to remedy this economic disparity. This non-profit is battling the corruption and greed of the evil 1%’ers and seeking to redistribute their wealth to the remaining 99%.
This non-profit is called the Wealth Distribution Society (WDS).
The humanitarian efforts of the WDS
How does the WDS intend to address widespread poverty and economic disparity across the world? This organization’s sales video initially leads you to believe that the economically disadvantaged will be legally stealing money from big banks and wealthy corporations. How it’s possible to legally steal is beyond me.
After a few minutes of 1%-er ranting, however, the announcer (who we eventually learn is named Harry) corrects himself, saying that you won’t really be stealing. Instead, you’ll be using an “automated tool to access the financial markets.” With this tool, you’ll be able to generate massive profits just like big-name corporations like Wal-Mart, Shell Oil, McDonalds and Google do.
The announcer then quips how the aforementioned companies generate billions of dollars yet don’t give any of that money back to “worthy citizens.” Instead, they squirrel away those billions into their own bank accounts. But now, all that is going to change.
I sense a Bolshevik Revolution on the horizon.
Truth, justice and the binary options way
“We at the Wealth Distribution Society are not looking to make money,” states Harry, the voice behind the video. “We’re only looking to stamp out injustice.”
“I guess you could call us a charity,” he adds.
Apparently, Harry was once a big-time banker himself. He partied, drank, and spent money like it was going out of style. But one day, while on vacation in Cambodia, Harry had an epiphany akin to that of Siddhartha. In short, he saw- no, he realized- the poverty of the world and was moved by it.
And all while just trying to find a place to eat with his girlfriend.
Harry started putting together the Wealth Distribution Society movement that very evening. In a nutshell, this involved taking a binary options auto-trader that he had at his disposal and make it available for use by the general public.
With this binary options software platform at your disposal, you can now make the same level of profits that the corporate fat cats make. You can finally stop worrying about money. And because the software is automated, you don’t need to know a thing about the markets. All you need to do is turn the software on and you’ll be waking up to piles of money every single day.
“We make no profit whatsoever”
Harry states several times that the WDS makes no profit from the distribution of the binary options software. Even more remarkably, the broker that WDS recommends is also working pro bono.
Call me a pessimist, but I had doubts that I would just be able to open a brokerage account and not be obligated to deposit my own money into it. Just as I was thinking this, Harry confirmed my suspicions.
Harry rationalizes the $250 deposit by saying that this is your money and you can withdraw it anytime you like. Technically, this statement is true- but most brokers add bonus money to your deposit. Many brokers do this automatically, without you even authorizing the “extra” money. Once you accept that bonus money, you’re locked into trading options many times over and cannot withdraw even your original deposit.
Incidentally, the “recommended brokerage” that Harry directs you to register with is BeeOptions. And BeeOptions is notorious for its bonus money offers. Furthermore, this brokerage states in very clear terms that, once you accept its bonus money, you are obligated to trade at least 30X your original amount (including your desposit) before you can make a withdrawal.
Is WDS a genuine charity?
My bigger concern is with WDS, which Harry has declared to be an actual charity. Perhaps Harry doesn’t realize this fact, but any charity’s existence can be checked via the Search for Charities tool on the IRS’ website. As far as I could tell, the Wealth Distribution Society does not exist as a 501(c)(3).
There is also the constant claim that the WDS makes no profit via its software tool. Understandably, the software tool is being given away for free. However, the call-to-action button that leads you to sign up with BeeOptions contains a curious bit of script:
<iframe src=”http://firstname.lastname@example.org&aff_sub5=baxters” id=”tracking-link-1433051423327″ style=”display:none”></iframe>
Why would there be affiliate codes present in a call-to-action, unless there were affiliate earning money from people signing up with the aforementioned binary broker?
As suspected, Clicksure offers an easy resolution to this dilemma:
Even on the WDS sales page itself, there is a link at the bottom that leads you to a set of scripted affiliate emails; these emails are all intended to hook prospective customers/traders.
My Wealth Distribution Society synopsis
The makers of the WDS movement or revolution or whatever don’t hesitate to stoop to new lows when trying to swindle you out of your money. Playing up that they are a charity and that they make no money from their “recommended broker” is almost laughable when you consider that everyone can see the affiliate link displayed at the bottom of their sales page.
And just about anyone can inspect (just right-click on your mouse, then click ‘inspect element’) a call-to-action button, where the affiliate and sub-affiliate codes are listed.
The WDS is just another binary options trading scam that tries to play on your emotions and make you lose money. Don’t succumb to this “revolution.”
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