Mannequin Farming offers no info on its web site about who owns or runs the corporate.
Mannequin Farming’s web site domains (“modelfarming.com” and “modelfarming.life”), have been privately registered on November eighth, 2020.
In an try to seem legit, Mannequin Farming offers a UK incorporation certificates for “Mannequin Farming Restricted”.
An MLM firm working or claiming to function out of the UK is a pink flag.
UK incorporation is grime low cost and successfully unregulated. On prime of that the FCA, the UK’s prime monetary regulator, don’t actively regulate MLM associated securities fraud.
Consequently the UK is a well-liked jurisdiction for scammers trying to incorporate, function and promote fraudulent firms.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
On Fb Mannequin Farming represents it has integrated a shell firm in Kentucky:
As with the UK shell incorporation, with respect to MLM due-diligence fundamental incorporation within the US is meaningless.
Replace sixth Could 2022 – Since publication of this evaluate Mannequin Farming has employed a bunch of actors to play firm executives.
BehindMLM first famous this in overlaying Mannequin Farming’s securities fraud warning from Russia final month.
There are 9 executives featured on Mannequin Farming’s web site. None of them exist outdoors of the corporate’s advertising and marketing. /finish replace
On the time of publication Alexa ranks the US as the highest supply of site visitors to Mannequin Farming’s .COM web site (99.5%).
As at all times, if an MLM firm is just not overtly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
Mannequin Farming’s Merchandise
Mannequin Farming has no retailable services or products.
Associates are solely capable of market Mannequin Farming affiliate membership itself.
Mannequin Farming’s Compensation Plan
Mannequin Farming associates make investments funds on the promise of marketed returns:
- Seeding – make investments $100 to $9999 and obtain a 1.5% ROI for 150 days (225%)
- Irrigation – make investments $10,000 to $24,999 and obtain a 1.75% ROI for 150 days (262.5%)
- Fertilizing – make investments $25,000 to $49,999 and obtain a 2% ROI for 150 days (300%)
- Harvesting – make investments $50,000 to $100,000 and obtain a 2.5% ROI for 150 days (375%)
The MLM aspect of Mannequin Farming pays on recruitment of affiliate traders.
Referral Commissions
Mannequin Farming associates earn a proportion of funds invested by personally recruited associates.
Referral fee charges are decided by how a lot a Mannequin Farming affiliate has invested:
- Seeding and Irrigation tier associates earn a 7% referral fee price
- Fertilizing and Harvesting tier associates earn a ten% referral fee price
Residual Commissions
Mannequin Farming pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, cut up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are crammed by way of direct and oblique recruitment of associates. Word there isn’t a restrict to how deep a binary group can develop.
On the finish of every day Mannequin Farming tallies up new funding quantity on either side of the binary group.
Associates are paid 10% of funds invested on the weaker binary group aspect.
Word that residual commissions are capped every day based mostly on how a lot a Mannequin Farming affiliate has invested:
- Seeding tier associates can earn as much as $1000 a day in residual commissions
- Irrigation tier associates can earn as much as $2500 a day in residual commissions
- Fertilizing tier associates can earn as much as $5000 a day in residual commissions
- Harvesting tier associates can earn as much as $7500 a day in residual commissions
As soon as paid out on, weaker binary group aspect quantity is matched in opposition to the stronger aspect and flushed.
Any leftover quantity on the stronger aspect carries over.
Becoming a member of Mannequin Farming
Mannequin Farming affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal $100 funding.
Mannequin Farming solicits funding in USD (by way of Payeer and Excellent Cash), in addition to a number of cryptocurrencies.
Conclusion
Mannequin Farming signify they generate exterior income by way of “agriculture actions and different farming providers”.
No proof of this exercise is supplied. Neither is there any proof of Mannequin Farming producing exterior income by way of every other means.
In any occasion, with 99%+ of tourists to Mannequin Farming’s web site being from the US, it follows that the overwhelming majority of traders are additionally from the US.
There is no such thing as a dispute that Mannequin Farming is providing a passive funding alternative.
It is a securities providing, requiring Mannequin Farming to be registered with the SEC.
Primary incorporation in Kentucky or anyplace else within the US is just not an alternative to this.
The explanation that is necessary, other than being a authorized requirement, is as a result of it should see Mannequin Farming file audited monetary stories.
These stories are the one strategy to affirm Mannequin Farming is doing what it claims to be with respect to exterior income.
Because it stands the one verifiable income getting into Mannequin Farming is new funding.
Utilizing new funding to pay associates a every day return makes Mannequin Farming a Ponzi scheme.
The MLM aspect of the enterprise provides a pyramid layer to the scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Mannequin Farming of ROI income, ultimately prompting a collapse.
Can I lose cash?
No, your funds are saved in extremely encrypted system and processed with duty to supply revenue.
Regardless of Mannequin Farming’s false illustration above, the maths behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.
Replace 4th October 2022 – Mannequin Farming has collapsed.
As on the time of this replace each of Mannequin Farming’s web sites have been pulled offline.