BF Soccer gives no details about who owns or runs the corporate on their web site.
BF Soccer’s web site area “3bf.com”, was first registered in 2004. The registration was final up to date on December nineteenth, 2021.
Courtesy of the Wayback Machine, we be taught BF Soccer’s area was on the market in November 2021:
This means the present house owners bought the area a month later in December.
We be taught from the area sale discover that BF Footballs’ area was bought on a Chinese language market.
Supporting whoever is behind BF Soccer being fluent in Chinese language is the corporate’s web site language additionally being set to Chinese language.
BF Soccer represents it’s lively within the Philippines, US and Malaysia.
Of those markets the Philippines seems to be probably the most distinguished. To that finish the Philippine SEC issued a securities fraud warning towards BF Soccer on January twenty first, 2022.
At time of publication BF Soccer’s web site remains to be accessible. Sometimes once we see the Philippine SEC situation warnings towards Philippine corporations, they disappear fairly shortly.
This additional helps whoever is behind BF Soccer most likely being in a Chinese language-speaking nation.
As all the time, if an MLM firm just isn’t overtly upfront about who’s working or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
BF Soccer’s Merchandise
BF Soccer has no retailable services or products.
Associates are solely capable of market BF Soccer affiliate membership itself.
BF Soccer’s Compensation Plan
BF Soccer associates make investments funds on the promise of a 2% to three% each day ROI.
Referral commissions on invested funds are paid down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 10%
- degree 2 – 5%
- degree 3 – 3%
Becoming a member of BF Soccer
BF Soccer affiliate membership prices usually are not disclosed. Ditto any funding restrictions (min/max quantities and so forth.).
BF Soccer solicits funding by way of financial institution card and cryptocurrency (tether). Instructed invesment quantities vary from $300 to $50,000.
BF Soccer Conclusion
BF Soccer signify returns are paid by way of bets made on soccer video games. That is carried out by way of an app.
What BF Soccer don’t present is a observe file, by way of audited monetary experiences.
We all know from the SEC’s fraud warning that BF Soccer and their associates run round mendacity about regulatory registrations:
Brokers and representatives of BF FOOTBALL declare that not solely is it a registered company, nevertheless it has an SEC license within the Philippines and that it’s a authorized funding undertaking acknowledged by the Philippine authorities.
Within the absence of exterior income technology, it follows BF Soccer can be mendacity about that.
Because it stands the one verifiable income coming into BF Soccer is new funding – made in cryptocurrency.
Utilizing new funding to pay returns makes BF Soccer a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as recruitment dries up so too will new funding.
This may starve BF Soccer of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of members lose cash.
Restoration from a crypto Ponzi is subsequent to unattainable with out regulatory intervention. Giving your cash to Chinese language scammers by way of an app reduces these already slim odds even additional.