FBC gives no info on its web site about who owns or runs the corporate.
FBC’s web site area (“fbc-limited.com”) was privately registered on November fifth, 2020.
Regardless of not present till just a few months in the past, on its web site FBC falsely claims it has been round since 2012.
In an try to look reputable, FBC gives a UK incorporation certificates for Finance & Enterprise Consulting Restricted.
UK incorporation is grime low cost and successfully unregulated. It’s a favored jurisdiction for scammers trying to incorporate dodgy firms.
For the aim of performing MLM due-diligence, UK incorporation is meaningless.
As at all times, if an MLM firm will not be brazenly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
FBC’s Merchandise
FBC has no retailable services or products, with associates solely in a position to market FBC affiliate membership itself.
FBC’s Compensation Plan
FBC associates make investments funds on the promise of an marketed return.
FBC solicits funding in USD, ethereum and bitcoin.
- make investments $50 to $500, 0.000926 to 0.009259 BTC or 0.027778 to 0.277778 ETH and obtain 0.5% a day
- make investments $500 to $2000, 0.009259 to 0.37037 BTC or 0.277778 to 1.111111 ETH and obtain 1% a day
- make investments $2000 to $5000, 0.037037 to 0.092593 BTC or 1.111111 to 2.777778 ETH and obtain 1.5% a day
- make investments $5000 to $10,000, 0.092593 to 0.185185 BTC or 2.777778 to five.555556 ETH and obtain 2% a day
- make investments $10,000 to $100,000,
Returns are paid each day for one year.
Observe that the place USD is quoted beneath, it’s assumed BTC and ETH equivalents are additionally relevant.
FBC Affiliate Ranks
There are seven affiliate ranks with FBC’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- New – enroll as an FBC affiliate
- Agent – make investments $1000 and persuade others to take a position $10,000
- Bronze Agent – make investments $3000 and persuade others to take a position $25,000
- Silver Agent – make investments $5000 and persuade others to take a position $50,000
- Gold Agent – make investments $10,000 and persuade others to take a position $100,000
- Platinum Agent – make investments $15,000 and persuade others to take a position $250,000
- Tremendous Agent – make investments $20,000 and persuade others to take a position $750,000
Referral Commissions
FBC pays referral commissions on invested funds by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned straight underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
FBC caps payable unilevel crew ranges at ten.
What number of ranges an FBC affiliate earns referral commissions on is set by rank:
- New ranked associates earn 5% on stage 1 (personally recruited associates)
- Agent ranked associates earn 6% on stage 1, 1% on ranges 2 and three and 0.5% on stage 4
- Bronze Agent ranked associates earn 7% on stage 1, 3% on stage 2, 2% on stage 3, 1% on stage 4 and 0.5% on stage 5
- Silver Agent ranked associates earn 8% on stage 1, 4% on stage 2, 3% on stage 3, 2% on stage 4 and 1% on ranges 5 and 6
- Gold Agent ranked associates earn 9% on stage 1, 5% on stage 2, 4% on stage 3, 3% on stage 4, 2% on stage 5, 1.5% on stage 6 and 1% on stage 7
- Platinum Agent ranked associates earn 10% on stage 1, 6% on stage 2, 5% on stage 3, 4% on stage 4, 3% on ranges 5 and 6, 2% on stage 7 and 1% on stage 8
- Tremendous Agent ranked associates earn 12% on stage 1, 7% on stage 2, 6% on stage 3, 5% on stage 4, 4% on ranges 5 and 6, 3.5% on stage 7, 3% on stage 8, 2% on stage 9 and 1% on stage 10
Rank Achievement Bonuses
FBC rewards associates for qualifying at Agent and better with the next one-time Rank Achievement Bonuses:
- qualify at Agent and obtain $300
- qualify at Bronze Agent and obtain $500
- qualify at Silver Agent and obtain $2000
- qualify at Gold Agent and obtain $5000
- qualify at Platinum Agent and obtain $10,000
- qualify at Tremendous Agent and obtain $15,000
Workplace Program
To qualify as a Supervisor FBC associates should
- personally make investments $10,000
- recruit fifteen associates who collectively make investments $30,000
- generate $50,000 in complete downline funding quantity
- fulfill an interview with FBC’s “improvement division”
As soon as certified Supervisor ranked associates obtain
- $2500 to arrange a neighborhood FBC workplace together with ongoing month-to-month hire assist
- a bonus 1% referral fee throughout the primary three ranges of your unilevel crew
- a bonus 1% throughout your whole unilevel crew
- a bonus 0.5% on funding generated by your arrange workplace
Becoming a member of FBC
FBC affiliate membership is free.
Conclusion
FBC supposedly stands for Finance and Enterprise Consulting, an aptly generic title for an equally generic Ponzi scheme.
FBC represents it generates exterior income by way of “a singular algorithm known as RJVX 12”.
No proof of RJVX 12 exists. Neither is there any proof of FBC utilizing exterior income of any type to pay withdrawal requests.
Because it stands the one verifiable income coming into FBC is new funding.
Utilizing new funding to pay associates a each day return makes FBC a Ponzi scheme.
Referral commissions paid on new funding provides an extra pyramid layer.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may see FBC unable to pay withdrawal requests, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.