The primary iteration of 202020Fund was arrange on the area “202020fund.com”. It lasted a number of weeks earlier than collapsing.
I do know this as a result of I’d queued 202020Fund up for assessment in Q3 2023. When it got here up, 202020Fund’s unique web site was gone.
Just a few months later 202020Fund resurfaced on a brand new web site area, “202020fund.internet”.
- 202020Fund’s unique .COM area was privately registered on August fifth, 2023
- 202020Fund’s reboot .NET area was privately registered on October seventh, 2023
Regardless of solely present for a number of months, on its web site 202020Fund falsely claims to have “over 10 years of expertise within the monetary world”.
202020Fund fails to offer possession or govt info on its web site.
In an try to seem authentic, 202020Fund gives shell firm particulars for “20 20 20 Funding Restricted”.
20 20 20 Funding Restricted was registered within the UK on September tenth, 2023.
An MLM firm working or claiming to function out of the UK is a pink flag.
UK incorporation is filth 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.
Because of this the UK is a popular jurisdiction for scammers trying to incorporate, function and promote fraudulent corporations.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
As of November 2023, SimilarWeb tracked simply ~1400 month-to-month visits to 202020Fund’s web site.
202020Fund’s web site site visitors primarily originates from Suriname (33%), the UK (31%), Trinidad and Tobago (14%) and Canada (13%).
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
202020Fund’s Merchandise
202020Fund has no retailable services or products.
Associates are solely capable of market 202020Fund affiliate membership itself.
202020Fund’s Compensation Plan
202020Fund associates make investments USD equivalents in cryptocurrency.
That is finished on the promise of marketed returns:
- Saver’s Fund – make investments $20 to $1999 and obtain 1% a day for 20 days
- Grower’s Fund – make investments $2000 to $24,999 and obtain 1.1% a day for 20 days
- Entrepreneur’s Fund – make investments $25,000 to $99,999 and obtain 1.2% a day for 20 days
- Enterprise Fund – make investments $100,000 to $1,000,000 and obtain 1.3% a day for 20 days
202020Fund pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel group, with each personally recruited affiliate positioned instantly underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.
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.
202020Fund caps payable unilevel group ranges at twenty.
Referral commissions are paid as a proportion of funds invested throughout these twenty ranges as follows:
- stage 1 (personally recruited associates) – 5%
- ranges 2 to five – 1%
- ranges 6 to 10 – 0.5%
- ranges 11 to twenty – 0.25%
Becoming a member of 202020Fund
202020Fund affilaite membership is free.
Full participation within the hooked up revenue alternative requires a minimal $20 funding.
202020Fund solicits funding in varied cryptocurrencies.
202020Fund Conclusion
202020Fund represents it generates exterior income by way of AI buying and selling:
No proof of 202020Fund paying withdrawals with exterior income of any type is supplied.
On the regulatory entrance, 202020Fund gives UK shell firm particulars. The FCA outright banned MLM cryptocurrency funding schemes in October 2023.
Which means if 202020Fund’s UK shell firm is taken at face worth, the corporate is working illegally.
Along with working illegally within the UK, 202020Fund additionally fails to offer proof it has registered with monetary regulators.
Securities fraud is prohibited within the UK and each nation with a regulated monetary market.
Because it stands, the one verifiable income getting into 202020Fund is new funding.
Utilizing new funding to pay withdrawals would make 202020Fund a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve 202020Fund of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of contributors lose cash.