Either way, because you need to recruit new members to make it work, it's nothing more than a slightly dressed up pyramid scheme. It should be shut down. I imagine that someone who's lost money will make a complaint soon enough and that will be the end of that.
As an accountant Wayne should be sophisticated enough to know what it is. As an MP he should be self-aware enough to stay the hell away from this crap.
It's a scam. I'm appalled that a Member of Parliament brought it to Bermuda.