F2S Fund offers no credible data on its web site about who owns or runs the corporate.
F2S Fund does present an inventory of executives supposedly working the corporate, nevertheless these are a mix of inventory pictures and actors.
Two actors seem each on F2S Fund’s web site and of their advertising movies; “Nick Wooden” and “Michael Le”.
Wooden is the extra outstanding of the 2, showing in additional movies.
F2S Fund presents Wooden as its Chief Coordinator.
In actuality Wooden doesn’t exist outdoors of F2S Fund’s advertising. He’s an actor taking pictures movies in entrance of a inexperienced display screen.
Wooden’s final look on F2S Fund’s official YouTube channel was three months in the past.
Replace seventh June 2021 – BehindMLM reader AntiMLM has achieved some digging and located a bunch of Nick Wooden’s work on-line, predating F2S Fund.
AntiMLM’s analysis will be discovered beneath within the feedback (#19). /finish replace
Alexa at the moment ranks Bangladesh as the one notable supply of visitors to F2S Fund’s web site (39%).
As all the time, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
F2S Fund’s Compensation Plan
F2S Fund associates make investments $150 on the promise of a $55,680 ROI.
The precise payout construction isn’t disclosed however from the data offered we study a couple of issues.
First all F2S Fund associates are required to recruit two associates to qualify for funds.
This implies F2S Fund is monitoring ROI funds by way of a company-wide 2xx matrix (limitless depth).
Subsequent we will see that ROI funds are instantly tied to associates positioned into the matrix, both by way of direct or oblique recruitment:
Once more, precise funds aren’t disclosed however given we all know the full ROI paid out is $55,680, we will see that cross S1 to S13 40,000 recruits are required to generate the total ROI payout.
It’s unlikely that matrix funds are linear, nevertheless this involves $1.39 per place stuffed.
Becoming a member of F2S Fund
F2S Fund affiliate membership is tied to a $150 buy-in.
$120 of that is used to pay present F2S Fund associates, the remaining $30 is retained as an admin charge.
Conclusion
F2S Fund combines components of a Ponzi and pyramid scheme, run by nameless scammers.
F2S Fund satisfies Ponzi standards by the use of new $150 investments being the one verifiable income coming into the corporate.
I did see the same old baloney about cryptocurrency buying and selling on F2S Fund’s web site, nevertheless no proof is offered so these claims ought to be discarded.
The pyramid factor is glad by the use of fixed recruitment required to generate aforementioned $150 investments.
With out recruitment there are not any new $150 investments coming into the system, resulting in F2S Fund’s collapse.
In an try and justify its Ponzi scheme, F2S Fund refers to funding fraud as “crowdfunding”. This can be a frequent approach utilized by scams.
What separates authentic crowdfunding from MLM scams is that donations in authentic crowdfunding aren’t made with strings connected.
In MLM schemes masquerading as crowdfunding, funds are made for the bought goal of qualifying to obtain funds from subsequently recruited members.
Typically an additional step of including some rubbish to funds is added (ebooks, advertising instruments, a token bodily product and so on.), nevertheless this doesn’t appear to be the case in F2S Fund.
As is typical of F2S Fund, it’s the proprietor(s) who will obtain the most important quantity of invested funds. This occurs two-fold, by way of a compulsory $30 admin charge and a number of admin positions positioned on prime of the company-wide matrix.
Early prime recruiters will squabble over what’s left, in the end leaving the vast majority of F2S Fund associates with a loss.
F2S Fund’s use of bitcoin additional ensures that restoration after its inevitable collapse will probably be subsequent to unimaginable.
Replace twenty fourth November 2021 – F2S Fund has collapsed.
Withdrawals have been disabled and the corporate’s web site has been pulled offline.