BF Football’s website provides no information regarding who owns or controls the firm.
The internet domain “3bf.com” for BF Football was initially registered in 2004. On December 19th, 2021, the registration was last updated.
According to the Wayback Machine, BF Football’s domain was for sale in November 2021.
This implies that the present proprietors bought the name in December a month later.
The domain sale notice informs us that BF Footballs’ domain was purchased on a Chinese marketplace.
The company’s website language is likewise set to Chinese, indicating that BF Football is fluent in Chinese.
It is represented by BF Football, which is active in the Philippines, the United States, and Malaysia.
The Philippines looks to be the most significant of these markets. To that purpose, on January 21st, 2022, the Philippine SEC issued a securities fraud notice against BF Football.
The BF Football website was still available at the time of publishing. Typically, when the Philippine SEC issues warnings against Philippine corporations, they vanish swiftly.
This lends credence to the fact that whoever is behind BF Football is most likely from a Chinese-speaking country.
As always, if an MLM firm is not honest about who runs or controls it, consider twice before joining and/or turning over any money.
Products by BF Football
There are no retailable items or services offered by BF Football.
Affiliates can only promote BF Football affiliate membership.
The Compensation Plan for BF Football
Affiliates of BF Football invest funds with the expectation of a daily ROI of 2% to 3%.
Referral commissions on invested monies are paid down three levels (uni-level) of recruitment:
10% for level 1 (personally recruited affiliates);
level 2 – 5%;
level 3 – 3%;
level 4 – 3%;
level 5 – 3%;
Joining BF Football
The fee of BF Football affiliate membership is not disclosed. The same goes for any investment constraints (minimum/maximum sums, etc.).
BF Football accepts bank cards and cryptocurrency investments (tether).
Investment amounts suggested vary from $300 to $50,000.
BF Football represents returns on bets placed on football games.
BF Football does not give a track record, as evidenced by audited financial records.
According to the SEC’s fraud alert, BF Football and their affiliates lie about regulatory registrations:
BF FOOTBALL agents and representatives say that the company is a registered corporation and has an SEC license in the Philippines, and is a lawful investment project recognized by the Philippine government.
In the lack of external money generating, it follows that BF Football is also deceiving.
As of now, the only verified source of money entering BF Football is fresh bitcoin investment.
BF Football is a Ponzi scam since it uses new money to pay out returns.
As with other MLM Ponzi schemes, once recruiting is exhausted, so will fresh investment.
This will deprive BF Football of ROI income, eventually ending its demise.
The mathematics behind Ponzi schemes ensures that the vast majority of participants lose money when they fail.
Without regulatory involvement, recovering from a crypto Ponzi scheme is nearly difficult. Giving your money to Chinese fraudsters using an app significantly diminishes your already limited chances.