Sports activities betting themed crypto Ponzi

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BF Soccer gives no details about who owns or runs the corporate on their web site.

BF Soccer’s web site area “3bf.com”, was first registered in 2004. The registration was final up to date on December nineteenth, 2021.

Courtesy of the Wayback Machine, we study BF Soccer’s area was on the market in November 2021:

This means the present homeowners bought the area a month later in December.

We study from the area sale discover that BF Footballs’ area was bought on a Chinese language market.

Supporting whoever is behind BF Soccer being fluent in Chinese language is the corporate’s web site language additionally being set to Chinese language.

BF Soccer represents it’s energetic within the Philippines, US and Malaysia.

Of those markets the Philippines seems to be probably the most outstanding. To that finish the Philippine SEC issued a securities fraud warning in opposition to BF Soccer on January twenty first, 2022.

At time of publication BF Soccer’s web site remains to be accessible. Sometimes after we see the Philippine SEC difficulty warnings in opposition to Philippine firms, they disappear fairly shortly.

This additional helps whoever is behind BF Soccer in all probability being in a Chinese language-speaking nation.

As at all times, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.

BF Soccer’s Merchandise

BF Soccer has no retailable services or products.

Associates are solely capable of market BF Soccer affiliate membership itself.

BF Soccer’s Compensation Plan

BF Soccer associates make investments funds on the promise of a 2% to three% every day ROI.

Referral commissions on invested funds are paid down three ranges of recruitment (unilevel):

  • degree 1 (personally recruited associates) – 10%
  • degree 2 – 5%
  • degree 3 – 3%

Becoming a member of BF Soccer

BF Soccer affiliate membership prices should not disclosed. Ditto any funding restrictions (min/max quantities and many others.).

BF Soccer solicits funding through financial institution card and cryptocurrency (tether). Urged invesment quantities vary from $300 to $50,000.

BF Soccer Conclusion

BF Soccer symbolize returns are paid through bets made on soccer video games. That is finished via an app.

What BF Soccer don’t present is a monitor report, via audited monetary reviews.

We all know from the SEC’s fraud warning that BF Soccer and their associates run round mendacity about regulatory registrations:

Brokers and representatives of BF FOOTBALL declare that not solely is it a registered company, however it has an SEC license within the Philippines and that it’s a authorized funding venture acknowledged by the Philippine authorities.

Within the absence of exterior income era, it follows BF Soccer can be mendacity about that.

Because it stands the one verifiable income coming into BF Soccer is new funding – made in cryptocurrency.

Utilizing new funding to pay returns makes BF Soccer a Ponzi scheme.

As with all MLM Ponzi schemes, as soon as recruitment dries up so too will new funding.

This may starve  BF Soccer of ROI income, ultimately prompting a collapse.

The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.

Restoration from a crypto Ponzi is subsequent to inconceivable with out regulatory intervention. Giving your cash to Chinese language scammers via an app reduces these already slim odds even additional.