F2S Fund Review: $150 in, $55,680 out BTC Ponzi scheme

F2S Fund provides no credible information on its website about who owns or runs the company.F2S Fund does provide a list of executives supposedly running the company, however these are a combination of stock photos and actors.

Two actors appear both on F2S Funds website and in their marketing videos; “Nick Wood” and “Michael Le”.
Wood is the more prominent of the two, appearing in more videos.
F2S Fund presents Wood as its Chief Coordinator.

In reality Wood doesn’t exist outside of F2S Fund’s marketing. He’s an actor shooting videos in front of a green screen.
Wood’s last appearance on F2S Fund’s official YouTube channel was three months ago.
Alexa currently ranks Bangladesh as the only notable source of traffic to F2S Fund’s website (39%).
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.
F2S Fund’s Compensation Plan
F2S Fund affiliates invest $150 on the promise of a $55,680 ROI.
The exact payout structure isn’t disclosed but from the information provided we learn a few things.
First all F2S Fund affiliates are required to recruit two affiliates to qualify for payments.
This suggests F2S Fund is tracking ROI payments via a company-wide 2xx matrix (unlimited depth).
Next we can see that ROI payments are directly tied to affiliates placed into the matrix, either via direct or indirect recruitment:

Again, exact payments aren’t disclosed but given we know the total ROI paid out is $55,680, we can see that cross S1 to S13 40,000 recruits are required to generate the full ROI payout.
It’s unlikely that matrix payments are linear, however this comes to $1.39 per position filled.
Joining F2S Fund
F2S Fund affiliate membership is tied to a $150 buy-in.
$120 of this is used to pay existing F2S Fund affiliates, the remaining $30 is retained as an admin fee.
Conclusion
F2S Fund combines elements of a Ponzi and pyramid scheme, run by anonymous scammers.

F2S Fund satisfies Ponzi criteria by way of new $150 investments being the only verifiable source of revenue entering the company.
I did the usual baloney about cryptocurrency trading on F2S Fund’s website, however no evidence is provided so these claims should be discarded.
The pyramid element is satisfied by way of constant recruitment required to generate aforementioned $150 investments.
Without recruitment there are no new $150 investments entering the system, leading to F2S Fund’s collapse.
In an attempt to justify its Ponzi scheme, F2S Fund refers to investment fraud as “crowdfunding”. This is a common technique used by scams.
What separates legitimate crowdfunding from MLM scams is that donations in legitimate crowdfunding aren’t made with strings attached.
In MLM schemes masquerading as crowdfunding, payments are made for the sold purpose of qualifying to receive payments from subsequently recruited participants.
Sometimes an extra step of adding some garbage to payments is added (ebooks, marketing tools, a token physical product etc.), however this doesn’t seem to be the case in F2S Fund.
As is typical of F2S Fund, it is the owner(s) who will receive the largest amount of invested funds. This happens two-fold, via a mandatory $30 admin fee and multiple admin positions placed on top of the company-wide matrix.
Early top recruiters will squabble over what’s left, ultimately leaving the majority of F2S Fund affiliates with a loss.
F2S Fund’s use of bitcoin further guarantees that recovery after its inevitable collapse will be next to impossible.

F2S Fund provides no credible information on its website about who owns or runs the company.

F2S Fund does provide a list of executives supposedly running the company, however these are a combination of stock photos and actors.

Two actors appear both on F2S Fund’s website and in their marketing videos; “Nick Wood” and “Michael Le”.

Wood is the more prominent of the two, appearing in more videos.

F2S Fund presents Wood as its Chief Coordinator.

In reality Wood doesn’t exist outside of F2S Fund’s marketing. He’s an actor shooting videos in front of a green screen.

Wood’s last appearance on F2S Fund’s official YouTube channel was three months ago.

Alexa currently ranks Bangladesh as the only notable source of traffic to F2S Fund’s website (39%).

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.

F2S Fund’s Compensation Plan

F2S Fund affiliates invest $150 on the promise of a $55,680 ROI.

The exact payout structure isn’t disclosed but from the information provided we learn a few things.

First all F2S Fund affiliates are required to recruit two affiliates to qualify for payments.

This suggests F2S Fund is tracking ROI payments via a company-wide 2xx matrix (unlimited depth).

Next we can see that ROI payments are directly tied to affiliates placed into the matrix, either via direct or indirect recruitment:

Again, exact payments aren’t disclosed but given we know the total ROI paid out is $55,680, we can see that cross S1 to S13 40,000 recruits are required to generate the full ROI payout.

It’s unlikely that matrix payments are linear, however this comes to $1.39 per position filled.

Joining F2S Fund

F2S Fund affiliate membership is tied to a $150 buy-in.

$120 of this is used to pay existing F2S Fund affiliates, the remaining $30 is retained as an admin fee.

Conclusion

F2S Fund combines elements of a Ponzi and pyramid scheme, run by anonymous scammers.

F2S Fund satisfies Ponzi criteria by way of new $150 investments being the only verifiable source of revenue entering the company.

I did the usual baloney about cryptocurrency trading on F2S Fund’s website, however no evidence is provided so these claims should be discarded.

The pyramid element is satisfied by way of constant recruitment required to generate aforementioned $150 investments.

Without recruitment there are no new $150 investments entering the system, leading to F2S Fund’s collapse.

In an attempt to justify its Ponzi scheme, F2S Fund refers to investment fraud as “crowdfunding”. This is a common technique used by scams.

What separates legitimate crowdfunding from MLM scams is that donations in legitimate crowdfunding aren’t made with strings attached.

In MLM schemes masquerading as crowdfunding, payments are made for the sold purpose of qualifying to receive payments from subsequently recruited participants.

Sometimes an extra step of adding some garbage to payments is added (ebooks, marketing tools, a token physical product etc.), however this doesn’t seem to be the case in F2S Fund.

As is typical of F2S Fund, it is the owner(s) who will receive the largest amount of invested funds. This happens two-fold, via a mandatory $30 admin fee and multiple admin positions placed on top of the company-wide matrix.

Early top recruiters will squabble over what’s left, ultimately leaving the majority of F2S Fund affiliates with a loss.

F2S Fund’s use of bitcoin further guarantees that recovery after its inevitable collapse will be next to impossible.

1 comment

  • This organization that calls itself a Philanthropic crowdfunding platform is 100% a Ponzi Scheme
    –
    It is Bangladeshi owned; and they hired Nicholas Charles Wood as a CEO – “Nick Wood” does not even know how F2S Fund works. This is a side gig for him – until the Authorities come knocking on his door.

    Then you have the Bangladeshi owner Wakiduzzaman Dablu who is trying to cover up his tracks by removing his name from the registration, but still in charge of the program. Found a few people in the US and a man in Japan to add their names on the registration and is asking them to Register the company in the US and Japan.
    Go figure – Wakkiduzaman Dablu removes his name and pawns it off to people in the US and Japan. Yet, he remains the owner of F2S Fund and makes all the final decisions.

    When the authorities come knocking on the new owners’ doors; Wakkiduzaman Dablu is no longer on the registration – but Wakkiduzaman Dablu left a paper trail that is just as good for the FBI’s investigation.

    suite.endole.co.uk/insight/company/13365048-f2s-global-ltd

    Bitcoin is illegal in Bangladesh – The owner is from Bangladesh and is hiding it from Authorities – he can be arrested for at least 2 things Bitcoin and creating a Ponzi Scheme- Most of the people who have joined F2S Fund, are in Bangladesh – What if F2S Fund was reported to the authorities in Bangladesh?

    Things that make you go hmmm…
    cryptonews.com/guides/countries-in-which-bitcoin-is-banned-or-legal.htm

    bdnews24.com/bangladesh/2021/06/20/bangladesh-arrests-four-with-links-to-illegal-bitcoin-trading

    ***If you have been a victim of the F2S Fund Ponzi Scheme, you can report it here:
    www.sapling.com/7770907/report-ponzi-scheme

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