Vitality Funds gives no details about who owns or runs the corporate on its web site.
Vitality Funds’ web site area (“energyfunds.org”) was first registered in 2008. The registration was final up to date with non-public particulars in November 2019.
By means of the Wayback Machine I used to be capable of verify that previous to November 2019, Vitality Funds’ present web site didn’t exist.
Which means November 2019 is when the area’s present homeowners took possession of it.
Regardless of not current up till 9 months in the past, Vitality Funds claims it was “established in 2003”.
In an extra try to look legit, Vitality Funds gives a pretend handle in Buffalo, New York on its web site.
As at all times, if an MLM firm is just not overtly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Vitality Funds’ Merchandise
Vitality Funds has no retailable services or products, with associates solely capable of market Vitality Funds affiliate membership itself.
Vitality Funds’ Compensation Plan
Vitality Funds associates make investments fiat and bitcoin on the promise of marketed returns.
- Primary – make investments $1500 to $4990 and obtain a 150% ROI over 10 days
- Professional – make investments $5000 to $99,900 and obtain a 250% ROI over 10 days
- Premium – make investments $100,000 to $850,000 and obtain a 400% ROI over 10 days
Referral commissions on invested funds are paid out down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 5%
- stage 2 – 3%
- stage 3 – 1%
Becoming a member of Vitality Funds
Vitality Funds affiliate membership is free.
Full participation within the hooked up earnings alternative nevertheless requires a minimal $1500 funding.
Conclusion
Vitality Funds claims to generate exterior income through binary choices.
ENERGY FUNDS is a regulated dealer with Federal Monetary Markets Service (FFMS) , Commodity Futures Buying and selling Fee (CFTC) and Cyprus Securities (CYSEC).
ENERGY FUNDS was established in 2003 buying and selling foreign exchange and actual property initially, until enlargement into Binary Choices.
No proof of Vitality Funds conducting binary choices buying and selling is supplied. Neither is there any proof of Vitality Funds utilizing another supply of exterior income to pay marketed returns.
As for Vitality Funds’ regulatory claims, FFMS (Russia) and CYSEC (Cyprus) are irrelevant for due-diligence. Each jurisdictions function with little to no regulation of MLM corporations.
What I can verify is Vitality Funds is just not registered with the CFTC. This shouldn’t be stunning, given just about each declare made on Vitality Funds web site is bogus.
That features this declare, taken from Vitality Funds’ web site phrases and circumstances:
ENERGY FUNDS is predicated in america and our Companies are topic to U.S. regulation.
Vitality Funds was arrange in late 2019 and is run by individuals unknown, from who is aware of the place. The one verifiable income coming into the corporate is new funding.
Utilizing new funding to pay associates returns as a lot as 400% over ten days makes Vitality Funds a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment runs dry so too will new funding.
This may starve Vitality Funds of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of contributors lose cash.