Forrise provides highly sketchy information on its website.
Forrise’s website domain (“forrise.com”) was registered in July 2019. The company began promoting itself on social media last December.
Despite only existing for around half a year, Forrise claims
the company dates back to 2009 when its Director General Adam Schultz started his career studying finances in Great Britain.
Adam Schultz features in Forrise marketing videos:
The actor playing Shultz has a distinctly eastern European accent, making him a prime Boris CEO candidate.
Forrise also provides an Panama incorporation certificate for Forrise INC. on their website. For due-diligence purposes however the certificate is meaningless.
At the time of publication Alexa cites the US as the primary source of traffic to Forrise’s website (76%).
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Forrise’s Products
Forrise has no retailbale products or services, with affiliates only able to market Forrise affiliate membership itself.
Forrise’s Compensation Plan
Forrise affiliates USD, bitcoin and/or ethereum on the promise of advertised returns.
USD
- Amateur – invest $50 to $699 and receive a 115% over 15 days
- Ambient – invest $700 to $4999 and receive a 142% over 30 days
- Advance – invest $5000 to $10,000 and receive 185% over 50 days
- ForTrade – invest $200 or more and receive 150% to 240% over 50 days
- Imperial – $200 to $9999 and receive 250% over 100 days
- Lounge – invest $10,000 to $49,999 and receive 360% over 120 days
- Superior – invest $50,000 to $1,000,000 and receive 520% over 130 days
- Luxury – invest $50 to $1,000,000 and receive 520% over 100 days
- Excellent – invest $1000 to $2,000,000 and receive 698% over 130 days
- Solid – invest $5000 to $5,000,000 and receive 1000% over 180 days
BTC
- Amateur – invest 0.004 to 0.06 BTC and receive a 115% over 15 days
- Ambient – invest 0.061 to 0.5 BTC and receive a 142% over 30 days
- Advance – invest 0.51 to 1 BTC and receive 185% over 50 days
- ForTrade – invest 0.02 BTC or more or more and receive 150% to 240% over 50 days
- Imperial – 0.02 to 0.9999 BTC and receive 250% over 100 days
- Lounge – invest 1 to 5 BTC and receive 360% over 120 days
- Superior – invest 5.1 to 100 BTC and receive 520% over 130 days
- Luxury – invest 0.004 to 85 BTC and receive 520% over 100 days
- Excellent – invest 0.085 to 170 BTC and receive 698% over 130 days
- Solid – invest 0.4 to 450 BTC and receive 1000% over 180 days
ETH
- Amateur – invest 0.25 to 3.49 ETH and receive a 115% over 15 days
- Ambient – invest 3.5 to 24.99 ETH and receive a 142% over 30 days
- Advance – invest 25 to 50 ETH and receive 185% over 50 days
- ForTrade – invest 1 ETH or more and receive 150% to 240% over 50 days
- Imperial – 1 to 49.99 ETH and receive 250% over 100 days
- Lounge – invest 50 to 249.99 ETH and receive 360% over 120 days
- Superior – invest 250 to 5000 ETH and receive 520% over 130 days
- Luxury – invest 0.25 to 5000 ETH and receive 520% over 100 days
- Excellent – invest 5 to 10,000 ETH and receive 698% over 130 days
- Solid – invest 25 to 25,000 ETH and receive 1000% over 180 days
Forrise Affiliate Ranks
There are fifteen affiliate ranks within Forrise’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Rank 1 – sign up and invest
- Rank 2 – invest at $300 and convince others to invest $5000
- Rank 3 – invest at least $750 and convince others to invest $20,000
- Rank 4 – invest at least $1500 and convince others to invest $50,000
- Rank 5 – invest at least $3000 and convince others to invest $100,000
- Rank 6 – invest at least $5000 and convince others to invest $200,000
- Rank 7 – invest at least $8000 and convince others to invest $500,000
- Rank 8 – invest at least $12,000 and convince others to invest $700,000
- Rank 9 – invest at least $15,000 and convince others to invest $1,000,000
- Rank 10 – invest at least $20,000 and convince others to invest $1,500,000
- Rank 11 – invest at least $35,000 and convince others to invest $4,000,000
- Rank 12 – invest at least $50,000 and convince others to invest $7,500,000
- Rank 13 – invest at least $70,000 and convince others to invest $15,000,000
- Rank 14 – invest at least $100,000 and convince others to invest $30,000,000
- Rank 15 – invest at least $150,000 and convince others to invest $50,000,000
Although only USD qualification is provided in Forrise’s compensation plan, it is assumed investment made in cryptocurrency also counts.
Referral Commissions
Forrise pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Forrise caps payable unilevel team levels at twenty-five.
Referral commissions are paid out as a percentage of funds invested across these twenty-five levels as follows:
- Rank 1 affiliates earn 6% on level 1 (personally recruited affiliates), 2% on level 2 and 1% on levels 3 and 4
- Rank 2 affiliates earn 6% on level 1, 2% on levels 2 and 3 and 1% on levels 4 and 5
- Rank 3 affiliates earn 6% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 and 5 and 0.5% on level 6
- Rank 4 affiliates earn 7% on level 1, 3% on level 2, 2% on levels 3 and 4, 1% on level 5 and 0.5% on levels 6 and 7
- Rank 5 affiliates earn 7% on level 1, 4% on level 2, 2% on levels 3 and 4, 1% on level 5 and 0.5% on levels 6 to 8
- Rank 6 affiliates earn 7% on level 1, 4% on level 2, 2% on levels 3 and 4, 1% on level 5 and 0.5% on levels 6 to 9
- Rank 7 affiliates earn 8% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 7 and 0.5% on levels 8 to 10
- Rank 8 affiliates earn 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8 and 0.5% on levels 9 to 11
- Rank 9 affiliates earn 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8 and 0.5% on levels 9 to 12
- Rank 10 affiliates earn 9% on level 1, 5% on level 2, 4% on level 3, 2% on level 4, 1% on levels 5 to 10 and 0.5% on levels 11 to 14
- Rank 11 affiliates earn 9% on level 1, 5% on level 2, 4% on level 3, 2% on level 4, 1% on levels 5 to 11 and 0.5% on levels 12 to 16
- Rank 12 affiliates earn 9% on level 1, 5% on level 2, 4% on level 3, 3% on level 4, 2% on level 5, 1% on levels 6 to 14 and 0.5% on levels 15 to 18
- Rank 13 affiliates earn 10% on level 1, 6% on level 2, 5% on level 3, 3% on level 4, 2% on level 5, 1% on levels 6 to 15 and 0.5% on levels 16 to 20
- Rank 14 affiliates earn 10% on level 1, 6% on level 2, 5% on level 3, 4% on level 4, 3% on level 5, 2% on level 6, 1% on levels 7 to 16 and 0.5% on levels 17 to 22
- Rank 15 affiliates earn 10% on level 1, 7% on level 2, 6% on level 3, 5% on level 4, 4% on level 5, 3% on level 6, 2% on level 7, 1% on levels 8 to 17 and 0.5% on levels 18 to 25
Rank Achievement Bonus
Forrise rewards affiliates with one-time bonuses for qualifying at Rank 2 and higher.
- qualify at Rank 2 and receive $50
- qualify at Rank 3 and receive $200
- qualify at Rank 4 and receive $500
- qualify at Rank 5 and receive $1000
- qualify at Rank 6 and receive $1500
- qualify at Rank 7 and receive $2000
- qualify at Rank 8 and receive $3000
- qualify at Rank 9 and receive $5000
- qualify at Rank 10 and receive $7500
- qualify at Rank 11 and receive $20,000
- qualify at Rank 12 and receive $40,000
- qualify at Rank 13 and receive $75,000
- qualify at Rank 14 and receive $150,000
- qualify at Rank 15 and receive $300,000
Joining Forrise
Forrise affiliate membership is tied to a minimum $50, 0.004 BTC or 0.25 ETH investment.
Conclusion
Forrise claims to generate external revenue through… well, here’s their official explanation;
Forrise Limited accepts funds from its customers and creates consolidated financial flows of investment funds, carefully analyzing all aspects that may affect the conclusion of a particular exchange transaction.
I believe the words they’re looking for are “exchange arbitrage”.
In any event no proof of external revenue is provided. Nor is there any evidence Forrise is using external revenue to pay affiliate returns.
Furthermore Forrise’s business model fails the Ponzi logic test.
If Forrise’s actual owners were capable of generating 5% a day as advertised, what do they need your money for?
The only verifiable source of revenue entering Forrise is new investment.
Using new investment to pay existing investors makes Forrise a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Forrise of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 11th August 2020 – Forrise collapsed earlier today.
Instead of admitting it was a Ponzi scheme that ran out of money, Forrise’s admins are blaming a DDOS attack.