BFF Crowdfunding, aka BFF World Community, fails to offer possession or government info on its web site.
The truth is as I write this, BFF Crowdfunding’s homepage is nothing greater than an affiliate login type:
BFF Crowdfunding operates from the area “bffcrowdfunding.com”, privately registered on June eleventh, 2023.
Additional analysis reveals BFF Crowdfunding’s “BFF World Community” FaceBook group. The group has one admin, Mike Taylor.
On his personal FaceBook web page Taylor, a resident of Texas, cites himself as proprietor and CEO of BFF World Community.
On YouTube Taylor pitches himself as a “foreign exchange dealer, on-line marketer, coach (and) mentor”.
Previous to launching BFF Crowdfunding round three months in the past, Taylor was selling one thing known as “Gobe Tradehouse” and GOBE Copycat”.
As you possibly can see from Taylor’s YouTube advertising movies above, the pitch was flip $100 into $9500.
SimilarWeb tracked simply ~3500 visits to Gobe Tradehouse’s web site over August 2023. Regardless of the scheme was it’s just about lifeless.
Going again even additional, Taylor was a promoter of Tradera (collapsed) and Forsage (money gifting Ponzi whose house owners have been indicted).
Learn on for a full evaluate of BFF Crowdfunding’s MLM alternative.
BFF Crowdfunding’s Merchandise
BFF Crowdfunding has no retailable services or products.
Associates are solely capable of market BFF Crowdfunding affiliate membership itself.
Bundled with BFF Crowdfunding is an “affiliate marketing online course” and “credit score restore coaching course”.
BFF Crowdfunding’s Compensation Plan
BFF Crowdfunding associates make investments funds right into a cycler. That is achieved on the promise of a 400% ROI.
There are three funding tiers inside BFF Crowdfunding; $125, $250 and $500.
BFF Crowdfunding pays out the marketed 400% ROI via a 2×3 matrix cycler.
A 2×3 matrix locations an affiliate on the prime of a matrix with two positions straight underneath them:
These two positions type the primary stage of the matrix. The second stage of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
Degree three of the matrix is generated in the identical method and homes eight positions.
When a BFF Crowdfunding affiliate invests $125, $250 or $500, they’re positioned on the prime of a 2×3 matrix.
Positions within the matrix are crammed when current and newly recruited BFF Crowdfunding associates additionally buy cycler positions.
The marketed 400% ROI is paid out because the eight positions on the backside of every 2×3 matrix is crammed:
- the $125 funding tier pays $62.50 per third stage of the matrix crammed
- the $250 funding tier pays $125 per third stage of the matrix crammed
- the $500 funding tier pays $250 per third stage of the matrix crammed, and generates a brand new $500 funding tier cycler place
The thought is to both buy-in or cycle as much as the $500 funding tier, on which a brand new place is at all times awarded upon filling an current $500 tier matrix.
Referral Commissions
BFF Crowdfunding associates obtain a referral fee when personally recruited associates make investments.
- recruit a $125 funding tier affiliate and obtain $50
- recruit a $250 funding tier affiliate and obtain $100
- recruit a $200 funding tier affiliate and obtain $200
Becoming a member of BFF Crowdfunding
BFF Crowdfunding affiliate membership is tied to an preliminary $125, $250 or $500 funding.
BFF Conclusion
Whereas Gobe Tradehouse was a followup to Mike Taylor’s time in Tradera, BFF Crowdfunding is a continuation of Taylor’s scamming in Forsage.
As per a BFF Crowdfunding advertising video hosted by Taylor on September thirtieth;
At BFF we present you the way to take a small funding and quadruple it in a small timeframe.
There’s not a lot between Forsage and BFF Crowdfunding, aside from Forsage utilizing smaller matrices, having solely two tiers and working completely in cryptocurrency.
Whereas BFF Crowdfunding nonetheless seems to be on its first incarnation, be aware that Forsage was rebooted at least six occasions over two years.
Along with proprietor Lado Okhotnikov being indicted for working a $300 million Ponzi scheme, the SEC additionally filed civil fraud costs.
SimilarWeb tracked ~18,000 visits to BFF Crowdfunding’s web site throughout August 2023. Of that site visitors, 79% is attributed to US guests.
In abstract, former Forsage promoter Mike Taylor is working his personal Forsage clone. And he’s doing so from inside the US and is primarily concentrating on US residents.
Placing apart whether or not the SEC and DOJ go after Taylor as they did Okhotnikov, from a due-diligence perspective it’s necessary to know that in Ponzi cyclers it’s the admin who at all times steals essentially the most cash.
This happens via preloaded admin positions (keep in mind, on the $500 tier these positions cycle first and indefinitely), in addition to an admin minimize every time a daily affiliate cycles.
At BFF Crowdfunding’s $125 tier Taylor’s admin price is $12.50 per cycle. On the $the $250 tier Taylor’s price is $25. It’s assumed he takes a $50 minimize on the $500 price nonetheless the precise quantity isn’t clarified.
To ensure that Taylor and early BFF Crowdfunding buyers to make off like bandits, the vast majority of BFF Crowdfunding buyers must lose cash.
That is fundamental Ponzi math.
BFF Crowdfunding’s inevitable collapse will happen when recruitment slows down. Being a Ponzi cycler, it will manifest by means of matrices inside the cycler stalling (failing to replenish).
As soon as sufficient BFF Crowdfunding matrices stall, an irreversible collapse is triggered.
Whereas I can’t converse as to if the SEC and DOJ will go after Taylor as they did Okhotnikov, a learn via of BehindMLM’s Forsage protection offers you a good suggestion of what the Ponzi cycler end-game seems like.