BFO Change fails to supply possession or govt info on its web site.
BFO Change’s web site area (“bfo188.com”), was registered with bogus particulars on December twenty fourth, 2023.
In an try to seem reputable, BFO Change offers a Colorado shell firm certificates for BFO Change LLC:
As a result of ease with which scammers are in a position to incorporate shell corporations with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
BFO Change has already attracted the eye of economic regulators. The Philippine SEC issued a BFO Change securities fraud warning on June thirteenth, 2024.
If we take a look at the source-code of BFO Change’s web site we are able to see localization is about to Chinese language:
This means whoever is operating BFO Change has ties to China.
As at all times, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
BFO Change’s Merchandise
BFO Change has no retailable services or products.
BFO Change associates are solely in a position to market BFO Change affiliate membership itself.
BFO Change’s Compensation Plan
BFO Change associates make investments 1000 Philippine pesos (PHP) or extra, or the tether (USDT) equal.
That is finished on the promise of an marketed each day 4% ROI.
BFO Change associates can enhance the each day ROI price by recruiting affiliate traders:
- recruit three affiliate traders and obtain 4.5% a day
- recruit ten affiliate traders and obtain 5.5% a day
- recruit thirty affiliate traders and obtain 6% a day
- recruit 100 affiliate traders and obtain 7% a day
- recruit 5 hundred affiliate traders and obtain 8% a day
The MLM facet of BFO Change pays on the recruitment of affiliate traders.
Dealer Wage
The Dealer Wage is a each day fee straight tied to recruitment of BFO Change associates down three ranges of recruitment (unilevel):
- VIP1 – personally recruit 5 associates, have a downline of at the very least 25 associates throughout three ranges of recruitment and obtain 500 PHP a day
- VIP2 – personally recruit 10 associates, have a downline of at the very least 50 associates throughout three ranges of recruitment and obtain 1000 PHP a day
- VIP3 – personally recruit 30 associates, have a downline of at the very least 200 associates throughout three ranges of recruitment and obtain 2500 PHP a day
- VIP4 – personally recruit 50 associates, have a downline of at the very least 500 associates throughout three ranges of recruitment and obtain 5000 PHP a day
- VIP5 – personally recruit 80 associates, have a downline of at the very least 2000 associates throughout three ranges of recruitment and obtain 10,000 PHP a day
- VIP6 – personally recruit 200 associates, have a downline of at the very least 5000 associates throughout three ranges of recruitment and obtain 30,000 PHP a day
- VIP7 – personally recruit 500 associates, have a downline of at the very least 10,000 associates throughout three ranges of recruitment and obtain 80,000 PHP a day
- VIP8 – personally recruit 1000 associates, have a downline of at the very least 20,000 associates throughout three ranges of recruitment and obtain 150,000 PHP a day
Becoming a member of BFO Change
BFO Change affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal 1000 PHP funding.
BFO Change solicits funding in Philippine pesos and the cryptocurrency tether (USDT).
BFO Change Conclusion
BFO Change is one more “click on a button” app Ponzi scheme.
BFO Change’s “click on a button” Ponzi ruse is buying and selling.
The offered ruse is BFO Change associates log in and click on a button (the extra invested the extra the button must be clicked).
Clicking the required variety of buttons every day purportedly is tied to buying and selling. BFO Change represents it shares a share of generated buying and selling revenue with affiliate traders.
If that is unnecessary it’s as a result of it doesn’t. Randoms clicking a button in an app doesn’t magically generate buying and selling income.
In actuality clicking a button inside BFO Change does nothing. All BFO Change does is recycle newly invested funds to pay earlier traders.
BFO Change is a part of a gaggle of “click on a button” app Ponzis which have emerged since late 2021.
Examples of already collapsed “click on a button” app Ponzis utilizing the identical buying and selling ruse embrace Gxness, TRC Commerce and Suntons.
Since 2021 Behind has documented tons of of “click on a button” app Ponzis. Most of them final a couple of weeks to some months earlier than collapsing.
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving nearly all of traders with a loss (inevitable Ponzi math).
The identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.