CFG does not provide ownership or executive information on its website
On April 23, 2023, CFG privately registered the domain name “CFGShare.com” for its website.
However, We are sent to a Chinese domain if we click the “customer service” link on CFGShare’s website.
This indicates that whoever is in charge of CFGSharemost certainly has connections to China. Typically, this refers to Hong Kong, Singapore, or the mainland of China.
It’s noteworthy that CFGShare uses Russian.
The above image shows that Russian speakers are the target market for it.
Always consider joining an MLM firm and/or giving any money to it very carefully if it is not completely transparent about who owns or runs it.
Why you should avoid CFG?
CFG is a rumored fraud that advertises large returns on investment for football games. The site has been accused of being a Ponzi scam, although there is no proof to back up these assertions.
Investors lost access to their money when the CFG platform abruptly shut down in January 2022. The platform’s owners are thought to have stolen the cash and taken off.
There are various warning signs that CFGShare is a fraud. These comprise:
- The platform’s website is opaque and badly constructed.
- Regarding the platform’s owners and operators, nothing is known.
- The returns on investment offered by the platform are inflated.
- Online, there are a lot of grievances regarding the platform.
I highly advise avoiding investing in CFG if you are thinking about doing so. You run a significant chance of losing your money.
About MLM –
In the multi-level marketing (MLM) business model, independent distributors offer goods or services to customers in exchange for commissions from both their sales and the sales of distributors they recruit. MLM businesses are frequently condemned for operating as business models, which are prohibited in many jurisdictions.
Although most nations recognize MLM businesses as legitimate, they are frequently branded as pyramid scams. Investors are promised large profits with little to no risk in an investment scam, a dishonest investing approach.
But in a pyramid scam, finding new investors is the only way to gain money. As the number of investors falls, the scam ultimately fails, and the majority of investors lose their money.
There are a few warning signs that may point to an MLM business as an investment scam. These comprise:
- Promises of substantial returns with minimal to no risk.
- Recruiting is prioritized before sales.
- Lack of disclosure of the business’s revenue sources.
- The compulsion to purchase a lot of the goods.
- Negative testimonials from previous distributors.
Do research and understand the hazards associated if you’re thinking about joining an MLM business. Additionally, you ought to be careful of any business that advertises big returns with little to no risk.
What is a Ponzi Scheme?
A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.
The Goods of CFGShare
CFGShare does not provide any services or goods for retail.
Affiliates can only promote CFGShare affiliate membership in and of itself.
Plan of Compensation for CFGShare
On the promise of daily earnings, CFG affiliates invest in cryptocurrencies.
Daily returns can fluctuate, but they seem to peak at less than 10%.
Down three tiers of recruiting (unilevel), CFG provides referral fees on bitcoin invested:
- level 1 (affiliates directly hired) – 15%
- level 2 – 5%
- level 3 – 3%
Joining CFGShare
It costs nothing to join CFG Affiliate.
A minimum investment of $20 is needed to fully participate in the linked income opportunity.
CFG encourages investing in several cryptocurrencies.
CFGShare Findings
Another “click a button” software Ponzi scam is CFG.
Betting on football games is CFG’s “click a button” Ponzi scheme.
CFG implies that pushing a button entails wagering on the results of football games.
Not at all. CFG is only recycling invested money to pay returns.
BLQ Football, UB Football (which also targeted Russia), and MC Football are examples of “click a button” Ponzi schemes with the same idea that have already failed.
CFG is a member of a collection of “click a button” software Ponzi schemes that have been active since late 2021.
Together with CFG, I have so far identified 57 “click a button” app Ponzi-type schemes. The majority of them collapse after a few weeks to months.
Applications with a “click a button” Ponzi schemes vanish as their websites and mobile apps are disabled. The majority of investors lose money when this occurs, which typically occurs without warning (inevitable Fraudulent math).
The “click a button” app Scam Scourge is thought to be the work of the same set of Chinese con artists.
The following advice can somehow help you stay clear of investment fraud:
- Before investing in any site, do your homework.
- Platforms that promise unrealistic returns on investment should be avoided.
- Before you invest your money, make certain that you are aware of the hazards involved.
The Bottom Line
From the CFG review, we know that CFG MLM is a huge scam that is operated by a few intelligent groups of scammers. They are deceiving people all over the world by posing as an educational platform. In a nutshell, they are Ponzi scheme scams that can crumble at any time.
Therefore, before making any type of investment or joining any company, you must check every detail of the company. Thus, CFGShare is not a legal entity, and it operates through the website CFGShare.com.
