CryptoFunds provide no information on their website about who owns or runs the business.
The CryptoFundz website domain (“crypofundz.com”) was registered on May 15th, 2017. “Ann E Coleman” is listed as the owner, with a residential address in the US state of North Carolina also provided.
There is no third-party information connecting Coleman with CryptoFundz.
The official CryptoFundz Facebook group has one admin, Atif Sohail (right).
Sohail appears to be running CryptoFundz, with Ann Coleman, as represented in the CryptoFundz domain registration, unlikely to exist.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
CryptoFundz has no retailable products or services, with affiliates only able to market CryptoFundz affiliate membership itself.
The CryptoFundz Compensation Plan
CryptoFundz affiliates invest funds on the promise of a daily ROI.
In total there are four plans CryptoFundz affiliates can invest in:
- Plan 1 – invest $10 to $99 and receive a 5% daily ROI for 30 days
- Plan 2 – invest $100 to $500 and receive a 4.86% daily ROI for 35 days
- Plan 3 – invest $501 to $10,000 and receive a 5% daily ROI for 40 days
- Plan 4 – invest $500 to $250,000 and receive a 3.5% daily ROI for 30 days
Referral commissions are available out on invested funds and paid out down four levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 15%
- levels 2 to 4 – 5%
CryptoFundz affiliate membership is tied to an investment of between $10 to $250,000.
The more an affiliate invests the higher their income potential via the CryptoFundz compensation plan.
The ruse behind CryptoFundz daily ROIs is cryptocurrency “investing and trading”;
We use Bitcoin investing and trading for the purpose of assisting our members with earning the maximum profits possible on the Bitcoin and Altcoin market.
Naturally there’s no proof of any cryptocurrency trading within CryptoFundz taking place.
Furthermore this claim fails the Ponzi logic test. If Atif Sohail was able to legitimately generate a daily ROI of up to 5% (1825% annually), why would he be wasting time soliciting investment funds from random people over the internet?
Without compounding, $1000 turns into $18,250 at 5% day. With compounding this figure is even higher.
With a history of participation in Ponzi schemes, it’s pretty obvious that all Sohail is doing is using newly invested funds to pay off existing investors.
This makes CryptoFundz a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dies down so too will new funds entering the system.
This will see CryptoFundz unable to meet its advertised daily ROIs, eventually prompting a collapse.
The minimum 30 day maturity period gives Sohail plenty of time to do a runner whilst still appearing to pay daily ROIs through the CryptoFundz backoffice.
Unfortunately by the time CryptoFundz affiliates realize the company has collapsed, it’ll already be too late.