Disclaimer: The content provided in this article is intended for informational and educational purposes only. It is crucial to seek professional advice and conduct thorough due diligence before making any financial decisions.
Fundsz is dedicated to assisting its members in multiplying their funds and expanding their wealth through the establishment of sustainable and recurring passive income streams.
As T. Harv Eker wisely notes, “You can only be financially free when your passive income exceeds your expenses.”
Fundsz operates as a private membership organization and utilizes a state-of-the-art decentralized platform. This platform empowers its members to participate in the profitability of billion-dollar industries globally through the practice of staking. Please be aware that involvement in financial ventures carries inherent risks, and individuals should exercise caution and prudence in their investment endeavors.
What is staking you may ask?
Staking is a method employed by cryptocurrency holders to generate passive income by actively utilizing their digital assets, commonly referred to as crypto. This process involves committing these assets for a specified duration, allowing holders to earn rewards or interest without the necessity of selling their cryptocurrency holdings during that period. Staking provides an avenue for crypto investors to harness their assets for potential financial gains while retaining ownership without the need for immediate liquidation.
In summary, Fundsz offers a straightforward process: entrust your funds to them, and they actively invest on your behalf, yielding an average of 3% weekly and 12% monthly returns. Notably, no recruitment is required, and your earnings, once withdrawn, are directly transferred to your crypto wallet every Friday.
It’s essential to clarify that Fundsz is not classified as a hedge fund, token, coin, security, or exchange. Governed by a decentralized structure, Fundsz operates as a private group accessible solely through invitation. The program operates on a 4×8 team network model, emphasizing that it is not structured as a pyramid scheme.
Moreover, participants have the opportunity to earn rewards for contributing to the global adoption of cryptocurrency.
What is the Fundsz Scam?
The backdrop of the case unveils a narrative starting in October 2020, where the defendants enticed participants by asserting that Fundsz consistently generated over 3% weekly returns through a distinctive algorithm for trading cryptocurrencies and precious metals.
Adding to the allure, the defendants boasted about seven years of unwaveringly consistent and accurate payments. Their promotional material also contended that a modest initial investment of $2,500 in Fundsz had the potential to burgeon into $1 million within a span of 48 months, all without necessitating additional deposits.
The Fundsz reviews, particularly those outlined by BehindMLM, raise significant concerns about the platform’s legitimacy. Key points of concern include:
- Lack of Transparency: The absence of information about owners or operators on the website is flagged as a red flag. Additionally, the registration of the domain in 2020 and subsequent update in 2022 adds to the mystery.
- Questionable Profiles: The review points out concerns regarding the authenticity of profiles associated with Fundsz. For instance, a stock photo represents Kim Diaz’s profile, implying potential falsification. Rene Larralde, identified as a moderator, has a history with Maxous, previously recognized as a membership-based pyramid scheme.
- JP Valcarce’s Role: The Chairman of the Board, JP Valcarce, is mentioned, and the review notes that both Rene Larralde and JP Valcarce are real individuals.
- Business Model Red Flags: Fundsz is criticized for lacking tangible products or services for retail, with affiliates primarily marketing memberships. The business model is likened to a Ponzi scheme, suggesting that the primary revenue source is affiliate investment, and a perpetual passive weekly ROI is promised.
- Legal Compliance: The platform’s operations in the US are highlighted as potentially illegal due to its lack of registration with the SEC.
- Evolution of Business Model: The review notes that Fundsz initially started as a gifting scheme with a charitable façade but shifted towards a cryptocurrency-focused model.
- Mixed Public Perception: Comments on the review range from labeling Fundsz as a scam to defending it. However, an overall skeptical sentiment prevails, with many pointing out similarities to a Ponzi scheme.
- Warning of Potential Collapse: The review concludes by suggesting that, like other Ponzi schemes, Fundsz may collapse once new investments decline, leading to substantial losses for participants.
It’s crucial for individuals to exercise caution and conduct thorough due diligence before getting involved in any investment platform, especially when red flags and concerns about legitimacy are raised.