Steve Gresham is a prominent figure in the ever-changing world of internet business activities. Gresham, a Georgia native, is the driving force behind Savings Highway Global, a company that has attracted the curiosity of many people. A quick glance at his Facebook profile reveals his ongoing commitment and leadership in this initiative.
Savings Highway Global’s website domain was registered in September 2020, indicating a short lifespan.
Savings Highway Global’s digital footprint is being investigated as of December 2023, with SimilarWeb reporting approximately 141,000 monthly visitors to its website. Notably, the vast majority of these visitors (94%) originated in the United States. In this introduction, we will look at Steve Gresham’s ongoing journey and the unique dynamics of Savings Highway Global.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Savings Highway Global is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Savings Highway Global, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Savings Highway Global does not provide items or services for direct retail.
Affiliates are only able to promote the Savings Highway Global affiliate membership.
Savings Highway Global affiliate membership provides access to discounts and “benefits” offered by third-party companies.
Savings Highway Global affiliates must pay membership fees, with three membership levels available:
- Gold costs $20 per month or $240 per year.
- Platinum costs $100 per month or $997 per year.
- Titanium costs $199 per month or $1997 annually.
Affiliates receive commissions when they successfully attract new affiliates to join under the same membership structure.
The affiliate ranks within the Savings Highway Global compensation scheme are divided into eleven levels, each with its own set of qualification criteria:
- Affiliate: Join the Savings Highway Global affiliate program and pay your membership fees on time.
- Consultant: Recruit two affiliates.
- Manager: Recruit three affiliates.
- Director: Recruit five affiliates.
- Executive: Recruit ten affiliates.
- Executive Trainer: Recruit twelve affiliates while maintaining a total downline of at least 500 affiliates.
- Senior Executive: Recruit fifteen affiliates and keep a total downline of at least 1,000 affiliates.
- Vice President: Recruit twenty affiliates and maintain a total downline of at least 2,500 affiliates.
- Senior Vice President: Recruit twenty-five affiliates and keep a downline of at least 5,000 affiliates.
- Ambassador: Recruit thirty affiliates and have a downline of at least ten thousand affiliates.
- Crowne Ambassador: Recruit 35 affiliates and keep a total downline of at least 25,000 affiliates.
It is vital to note that recruited affiliates must pay their membership fees on time in order to contribute to rank qualifying. Furthermore, for the Ambassador and Crowne Ambassador positions, no more than 50% of the required downline affiliates can be obtained through a single recruitment leg.
- The first level contains three places.
- The second level is created by dividing these three slots into threes each (9 positions).
- Levels three through twelve follow the same structure, with each level containing three times the amount of places as the preceding level.
Positions in the matrix are filled by direct and indirect recruiting of Savings Highway Global affiliates. Commissions are based on 5% of the membership fees paid by affiliates recruited into the matrix. The commission eligibility criteria are as follows:
It is important to note that residual monthly recruitment commissions begin in the second month of membership.
Savings Highway Global matches the residual monthly recruitment commissions received by personally recruited affiliates.
Directors receive a 5% match.
Executives and above receive a 10% match.
Affiliates ranked as Executive Trainer or higher earn a monthly Lifestyle Bonus:
- Executive Trainers get $200 per month.
- Senior executives receive $500 each month.
- Vice Presidents get $1000 per month.
- Senior Vice Presidents get $2000 per month.
- Ambassadors are given a Breitling watch at initial qualification and thereafter paid $5,000 each month.
- Crowne Ambassadors receive $10,000 per month.
Savings Highway Global shares commissions from third-party sellers. Affiliates earn commissions when they connect with vendors and make purchases. Specifics beyond an undetermined proportion paid through the ten-level unilevel team are not released.
Savings Highway Global affiliate membership is offered for monthly or annual billing.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Savings Highway Global tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Savings Highway Global reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Savings Highway Global, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Savings Highway Global enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Savings Highway Global reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Savings Highway Global.
You should always look out for consumer complaints. In the case of Savings Highway Global, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Savings Highway Global? You can share your complaint in the comment section or submit an anonymous tip.
The implementation of ranks, rank incentives, and residual initial recruitment commissions are significant distinctions. Nevertheless, the underlying framework continues to resemble a pyramid scheme, further complicated by factors related to regulatory compliance.
Pyramid schemes are those that lack retail consumers and rely solely on recruitment, according to the Federal Trade Commission (FTC). Moreover, the designation of Savings Highway Global’s membership tiers as “pay to play” introduces further apprehensions, a feature frequently linked to multi-level marketing pyramid schemes.
Potential FTC Act violations include the lack of a refund policy for consecutive memberships beginning with the second month and for annual memberships.
As is the case with all MLM pyramid schemes, commission revenue decreases when affiliate recruitment declines. Consequently, recently enrolled affiliates of Savings Highway Global discontinue their monthly fee payments, which causes a cessation of reimbursements for those in higher tiers. Each iteration of this pattern has resulted in the reestablishment of repercussions from the previous pyramid scheme.
Savings Highway Global is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Savings Highway Global can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Savings Highway Global?
All the evidence suggests that Savings Highway Global is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Is Savings Highway Global a scam?
Can I withdraw money from Savings Highway Global?
Where is Savings Highway Global Located?
How do I get my money back from Savings Highway Global?
Launch a website/app with a generic name
A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.
Pay influencers & social media pages to promote the scheme
By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.
Send thousands of emails and make cold calls to potential victims
It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.
Make victims feel safe through “small wins”
Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.
Convince victims into investing large sums of money
Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.
Disable withdrawals & take down the website/app
Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.
Repeat the cycle
After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.