Former OneCoin promoter Ken Labine has launched an MLM firm he’s calling NFPT.
Labine claims he’s been “working in the direction of” NFPT his “complete life”. Past the compensation plan although, NFPT specifics are deliberately imprecise.
Labine uploaded an NFPT presentation to YouTube on April fifteenth. Within the presentation Labine revealed NFPT is a pyramid scheme.
Affiliate positions inside NFPT are known as “franchise companies”.
Associates are being recruited into what’s assumed to be a ten×10 matrix (Labine incorrectly asserts a ten×10 matrix solely has 4 ranges for some cause).
Presently NFPT is free to hitch. Labine is encouraging recruitment by means of a collection of weekly prize attracts.
Past that, right here’s what we all know…
NFPT associates gained’t be promoting something:
NFPT recruitment advertising and marketing is primarily centered on synthetic shortage, with Canada and Nigeria showing to be the one two international locations lively:
Labine represents NFPT positions are at the moment nugatory, but when a million individuals be part of they are going to be value $77,777 every:
Recruitment of NFPT associates will one way or the other generate a $10 fee:
And with nothing marketed or bought to retail prospects, one way or the other recruiting individuals into NFPT goes to pay $51,852 a 12 months:
Now for those who’ve acquired half a mind you’re asking “how?” And that is the place Labine falls brief.
Labine claims he’ll solely spill the beans as soon as a million individuals have been recruited into NFPT.
Logic dictates that if nothing is being bought, then fee income has to return from NFPT associates. However that is at odds with Labine claiming there are “no charges”.
And so now we have an MLM alternative that doesn’t make any sense. Be a part of free of charge, recruit a ton of people that additionally be part of free of charge and make $51,852 yearly – the maths aint mathing.
What does make sense although is from a regulatory standpoint, NFPT falls wanting required advertising and marketing disclosures. Customers are required to be given this info as per the FTC Act.
Whereas Canada doesn’t have a direct FTC equal, I consider client safety is regulated by the Competitors Bureau.
Ken Labine is greatest identified within the MLM business for being a bunch BehindMLM lived rent-free in for years.
Whereas Labine deleted his BehindMLM movies after OneCoin collapsed, he by no means publicly addressed his position within the multi-billion greenback Ponzi scheme.
After OneCoin, Labine had a quick stint with DagCoin. He then started pushing dietary complement chews by means of APLGO.
The final APLGO associated put up on Labine’s private FaceBook account is dated January eleventh, 2022.
Throughout the COVID-19 pandemic, Labine additionally succumbed to “residing on social media” brainrot.
This culminated in Labine making an attempt to reinvent himself as a misinformation content material creator on YouTube.
Right here’s how that went…
Personally I’m not seeing NFPT getting anyplace shut to 1 million associates. I get the impression Labine is simply constructing an electronic mail listing by means of a weekly prize draw advertising and marketing incentive.
Pending any additional NFPT updates although, we’ll hold you posted.