FinFine Review  – Ponzi Scheme – MLM Scam

Website & Company Information

The web domain of the company was privately registered on the 30th of June 2020 and was later updated on 2020–08–06. The company provides no information on its website about who owns or runs the company.

According to the site, the company is operating from Singapore as FINFINE DIGITAL HEDGE FUND. The official page of FinFine is managed by one user in Vietnam.

At the time of publication, Alexa ranks Vietnam as the primary source of the traffic to FinFine’s website with a whopping 68% share. It is most likely that the real owners of the company have registered a shell company in Singapore and are operating from Vietnam.

Now before we move on to the next section, always remember if a company is not transparent about its corporate structure, then you should be very careful giving your hard-earned money to them.

FinFine’s Products

The company has no retailable products or services, with affiliates only able to market FinFine affiliate membership itself.

FinFine’s Compensation Plan

The affiliates of the company invest anywhere between $500 to $50,000 on the promise of a 200% to 300% ROI, paid out at 0.5% a day.

Note: Earning 500% of what you’ve invested requires you to reinvest in order to continue earning.

Referral Commissions

FinFine affiliates receive 8% of funds invested by personally recruited affiliates.

Residual Commissions

The company also has a residual commission system backed by a binary compensation structure.

Affiliates are paid 8% to 10% of funds invested on their weaker binary team side, capped based on how much they have invested.

  • $100 membership fee (no ROI) — 8% residual commission rate capped at $100 a day
  • $500 investment — 8% residual commission rate capped at $500 a day
  • $1000 investment — 8% residual commission rate capped at $1000 a day
  • $2000 investment — 8% residual commission rate capped at $2000 a day
  • $3000 investment — 8% residual commission rate capped at $3000 a day
  • $5000 investment — 10% residual commission rate capped at $4000 a day
  • $10,000 investment — 10% residual commission rate capped at $6000 a day
  • $25,000 investment — 10% residual commission rate capped at $8000 a day
  • $50,000 investment — 10% residual commission rate capped at 10,000 a day

FinFine affiliate must recruit two investing affiliates in order to qualify for residual commissions.

Matching Bonus

A matching bonus is also paid down three levels of recruitment (unilevel)

  • level 1 (direct recruit) — 10% match (have a personal investment of $2000 or more)
  • level 2–5% match (have a personal investment of $3000 or more)
  • level 3–5% match (have a personal investment of $5000 or more)

Leadership Awards

FinFine rewards affiliates for generating downline investment as follows:

  • Bronze (generate $20,000 in weaker binary team investment) — $200
  • 1 Star (generate $50,000 in weaker binary team investment) — get an iPad Pro 2020 model
  • 2 Stars (generate $100,000 in weaker binary team investment) — get an iPhone 12
  • 3 Stars (generate $200,000 in weaker binary team investment) — get a Hublot Classic Fusion watch
  • 4 Stars (generate $300,000 in weaker binary team investment) — get a 1-karat diamond ring
  • 5 Stars (generate $500,000 in weaker binary team investment) — $25,000
  • 6 Stars (generate $800,000 in weaker binary team investment) — get a Rolex Sky-Dweller watch
  • 7 Stars (generate $1,000,000 in weaker binary team investment) — $30,000
  • 8 Stars (generate $2,000,000 in weaker binary team investment) — get a Porsche Macan
  • 9 Stars (generate $3,000,000 in weaker binary team investment) — get a Porsche 911
  • All-Stars (generate $5,000,000 in weaker binary team investment) — get a Bentley Continental GT

Investor Bonus Pool — $50,000

A total of 3% of company-wide investment is allotted into a bonus pool. Any affiliate investing 50,000 or more gets a weekly share from that pool.

Joining FinFine

Joining Basic FinFine affiliate membership costs around $100. However, full participation in the attached income opportunity requires a minimum investment of $500, and it goes as high as $500,000.

The company solicits investment in bitcoin, ethereum, tether, finfine tokens and binance coin.

Conclusion

Finfine claims of generating external revenue through its FinFineBot trading bot. We couldn’t find any evidence of trading. Nor is there any evidence of FinFine using external revenue of any kind to pay advertised returns.

FFT TOKEN

The FFT token marketed in the company’s presentation holds no real value outside the company’s ecosystem. Finfine can generate as much as FFT tokens they want without incurring any cost (apart from erc20 token dev cost). The company can literally print tokens worth million dollars out of thin air, and in our words, these tokens are just ‘’shitcoins’’. Most of these MLMs that have their own tokens first focus on creating hype or a bubble that generates demand, and then they dump their bags on thousands of innocent investors.

The company will meet withdrawal requests as long as new funds are invested, failing which prompt withdrawal delays and you know the usual excuses.