On its website, BFIC Gold omits management and ownership details.
On January 8, 2024, the domain name “bficgold.io” for BFIC Gold was privately registered.
Several Indian and Pakistani citizens are connected to BFIC Gold, according to a review of the company’s official YouTube channel.
Among them is Mr. Zee.
Shivam Kashyap
Sahil Raj Prajapati
Mahesh Sharma
Omar Khan
SK Sagar
Asif Aslam
Jackson often promotes MLM cryptocurrency Ponzi schemes. Jackson participated in Sam Lee’s HyperTech Ponzi scams before BFIC Gold.
Innovation Factory, operated by Omar Khan, has started a number of multilevel marketing cryptocurrency Ponzi scams.
Early last year, Khan made his debut on Scams Radar via B-Love Network. After Innovation Factory failed as a Ponzi scam, B-Love Network became the second Innovation Factory Ponzi.
Following the demise of B-Love Network, Khan relaunched as Bulleto in July 2023.
Although Bulleto’s website remains operational, a post on its official Facebook page from February 24th suggests that Bulleto and BFIC Gold are merging.
There are no retailable goods or services offered by BFIC Gold.
Only the BFIC Gold affiliate membership itself may be promoted by affiliates.
Affiliates of BFIC Gold purchase BGOLD tokens from BFIC Gold for $2.50 apiece.
The “staking” style Ponzi scam used by BFIC Gold pitches a 300% return on investment.
BFIC Gold caps returns at 300% but does not indicate how often they are paid out. Keep in mind that this covers MLM incentives and commissions.
To keep making money once 300% has been distributed, BGOLD must be reinvested.
Through recruited affiliates, BFIC Gold’s multilevel marketing division pays on BGOLD investments.
The pay structure of BFIC Gold is divided into five tiers.
They are as follows, along with their corresponding qualifying requirements:
When a directly recruited affiliate invests 10 BGOLD or more, BFIC Gold affiliates get 1 BGOLD token.
Additionally, 4% of the invested BGOLD is distributed.
Every individually recruited affiliate is positioned right behind the top affiliate in a unilevel pay scheme (level 1):
New affiliates are added to level 2 of the original affiliate’s unilevel team if any level 1 affiliates hire them.
Level 2 affiliates get promoted to level 3, and so on, down an almost limitless number of levels, if they bring on new affiliates.
Payable unilevel team levels are capped to 10 by BFIC Gold.
Across these 10 tiers, residual commissions are paid as a percentage of BGOLD invested in the manner described below:
An affiliate at the top of a binary team, divided into left and right sides, is compensated according to a binary pay structure:
There are two places on the binary team’s initial level. These first two slots are divided into two more positions each, for a total of four positions, to create the binary team’s second level.
The binary team’s levels are created as needed, with each level holding twice as many spots as the one before it.
Affiliates are recruited both directly and indirectly to fill positions on the binary team. Keep in mind that a binary team may develop to any depth.
New BGOLD investment volume on both sides of the binary team is totaled by BFIC Gold at the conclusion of a pay period.
On the weaker binary team side, residual fees are paid as 6% of the volume of new BGOLD investments.
Volume is flushed after being paid out on and compared to the stronger binary team side. The stronger side retains any remaining volume.
The frequency of residual binary commission payments is not specified by BFIC Gold.
As a “Jackpot Reward,” BFIC Gold might get 1% of the downline BGOLD investment.
The Jackpot Reward may be activated “if an account with a huge staking amount gets placed under you,” according to BFIC Gold’s compensation literature.
Affiliates that qualify at Elite and above are rewarded by BFIC Gold with the following one-time Rank Achievement Bonuses:
Either BFIC Gold affiliate membership is free, Premium is $10 per month, or Premium Plus is $100 per month.
Those with a premium BFIC Gold affiliate membership may access:
The following are added by BFIC Gold Premium Plus affiliate membership:
The website boasts of disrupting the global financial environment and changing the face of money in the future. Scammers often utilize such inflated claims to entice unwary people.
Limited verifiable information about the business, its employees, or its actual location is available on the website. Reputable financial sites often provide clear details about how they operate.
The website provides a number of high-risk financial services, including cryptocurrency arbitrage and flash loans, but it does not clearly comply with regulations or sufficiently describe the hazards involved.
As is typical in cryptocurrency frauds, the website advertises CLHC, its native coin. Platforms that actively advertise their own coins might raise suspicions among investors.
Testimonials from people in other nations are included on the website, however they can be faked to give it a false impression of validity.
Without hard proof of present performance, the comprehensive strategy and aspirational goals for the future, such as branching out into other industries, may be a ploy to draw in investment.
Not much exists at BFIC Global. It’s basically the same scam, just with a new name and garbage token. This is Omar Khan’s fourth Ponzi scheme.
According to BFIC Gold’s marketing, Dubai’s royal family facilitates Omar Khan’s fraud.
Like BFIC, BLV, BBOND, and any other Innovation Factory Ponzi coins I may have overlooked, BGOLD is completely useless.
The effort to defraud Western investors this time around using Tami Jackson and the remnants of her HyperTech Ponzi downline is one possible distinction.
Khan must have reached the limit of those he can con in Bangladesh, India, and Pakistan.
Like other MLM Ponzi scams, fresh money will stop coming in as soon as affiliate recruiting stops.
As a result, BFIC Gold will ultimately fail since it will be unable to pay withdrawal demands.
Ponzi schemes’ mathematical foundation ensures that most participants lose money when they fail.
Given World Trade Coal very low trust score, there is a good chance that the website is a hoax. Use caution when accessing this website!
Our algorithm examined a wide range of variables when it automatically evaluated World Trade Coal, including ownership information, location, popularity, and other elements linked to reviews, phony goods, threats, and phishing. All of the information gathered is used to generate a trust score.
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