BizNet College Review: Bob Wood’s Attempt to Reboot Nexxus University
Introduction
BizNet College has surfaced as a cryptocurrency MLM education platform, spearheaded by Bob Wood (aka Robert Wood). With a history of failed MLM crypto ventures, Wood’s latest project strongly resembles his previous Nexxus University scheme, which was widely criticized as an MLM pyramid setup.
Marketed as a member-driven co-operative, BizNet College sells cryptocurrency courses while operating a recruitment-based compensation model. But is this a legitimate educational opportunity, or just another unsustainable MLM pyramid scheme? Let’s break it down.
Who is Behind BizNet College?
Bob Wood’s MLM track record raises immediate concerns:
- CloudZow (2012) – A failed cloud storage MLM.
- Zazzed (2013) – Short-lived MLM venture.
- Global Currency Reserve (2015) – An MLM crypto mining scam built around its now-worthless GCR token.
- Nexxus University (2016-2020s) – An MLM pyramid scheme offering crypto education courses, bundled with another failed cryptocurrency, Nexxus Coin.
With Nexxus University collapsing years ago, Wood’s BizNet College appears to be a rebranded version of the same flawed model.
Website Details:
- Domain: biznet.college (registered May 30, 2023, last updated May 26, 2024)
- Legal Ties: Operates under Texas law but allows legal disputes for Louisiana residents.
- Corporate Address: Not disclosed, raising transparency concerns.
BizNet College’s Products: Cryptocurrency Education Courses
BizNet College sells online courses covering cryptocurrency topics:
- Enlightenment Court – $10/month (basic introduction to crypto)
- History of Money Course – $20/month (fiat vs. crypto, financial topics)
- All Court Bundle – $40/month (expanded course with Bitcoin insights)
- All Courses + CCS Certification – $80/month (Certified Cryptocurrency Specialist certification)
🚨 Key Issue: These unaccredited courses provide no recognized certification or official endorsement, making them questionable in terms of real-world value.
BizNet College’s Compensation Plan: Classic MLM Pyramid Structure
Rather than paying commissions for course sales to retail customers, BizNet College compensates affiliates solely for recruiting new members.
Recruitment-Based Compensation (3×5 Matrix)
Affiliates earn commissions by filling positions in a 3×5 matrix structure:
- Level 1 (3 recruits): $25 per recruit
- Level 2 (9 recruits): $10 per recruit
- Level 3 (27 recruits): $5 per recruit
- Level 4 (81 recruits): $5 per recruit
- Level 5 (243 recruits): $5 per recruit
Since there’s no focus on real course sales, this is a blatant MLM pyramid scheme where earnings depend entirely on recruitment.
Residual Commissions (3×7 Matrix Expansion)
- Expands recruitment bonuses up to 7 levels deep.
- Payout percentages vary depending on membership level.
- Higher membership fees unlock deeper levels, reinforcing a pay-to-play structure.
Matching Bonus
- Bonuses range from 10% (level 1) to 30% (level 5).
- Unlocking levels requires recruiting more paying members.
Partner Program (Revenue Sharing Incentive)
Affiliates with 5,000+ recruited members receive a share of 10% of company-wide revenue.
🚨 Key Issue: No commissions come from actual course sales, meaning the entire revenue model collapses once recruitment slows.
BizNet College: A Rebranded Pyramid Scheme?
BizNet College follows the same unsustainable model as Nexxus University:
1️⃣ No real retail sales – only recruitment matters.
2️⃣ Overpriced, unaccredited courses with no legitimate credentials.
3️⃣ Bob Wood’s MLM history is filled with collapsed schemes.
4️⃣ Relies on continuous recruitment, making it a textbook pyramid scheme.
Just like Nexxus University, BizNet College’s structure guarantees an eventual collapse.
What Happens When BizNet College Collapses?
🚨 Pyramid schemes are mathematically unsustainable – they collapse when new recruits stop joining.
- Affiliates stop recruiting → Fewer new members paying fees.
- Commission payouts shrink → Members at the bottom stop paying.
- A chain reaction leads to mass dropouts.
- Without recruitment, BizNet College shuts down.
🔎 Evidence of Declining Interest:
- Website traffic dropped from under 1,000 visits in November 2024 to being too low to track by January 2025.
- Low visibility suggests BizNet College may already be failing.
Final Verdict: Should You Join BizNet College?
❌ No – BizNet College is a recruitment-driven MLM pyramid scheme.
- No real value in its crypto courses.
- Commission structure relies entirely on recruitment.
- Rebranded version of Bob Wood’s failed Nexxus University.
- Inevitable collapse once recruitment slows.
If you’re looking for legitimate crypto education, free and reputable resources exist from organizations like Coursera, MIT OpenCourseWare, and Investopedia. There is no reason to pay Bob Wood’s unaccredited platform for basic crypto knowledge.
FAQ: Common Questions About BizNet College
Is BizNet College a scam?
Yes, it operates as a recruitment-based MLM pyramid scheme disguised as an online education platform.
Does BizNet College offer real cryptocurrency education?
BizNet College sells courses, but they are unaccredited and lack real-world credibility.
How does BizNet College pay affiliates?
Affiliates earn only by recruiting new members—not from selling courses to real customers.
Has Bob Wood run MLM scams before?
Yes, he was behind Nexxus University and Global Currency Reserve, both of which failed.
Will BizNet College collapse?
Yes. Like all pyramid schemes, it will collapse once recruitment slows.
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