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Is Forrise A Scam? Another High Yield Investment Program (HYIP) disguised as an MLM?
Welcome to My Forrise Review!
Heard of a High Yield Investment Program (HYIP)?
Well, it’s a type of Ponzi scheme that promises an unsustainably high return on investment by paying previous investors with the money invested by new investors.
These are indeed investment scams and there are quite a lot of MLM companies that promise an investment opportunity where you could make your ROI tenfold.
Forrise Review Summary
Founders: Adam Schultz
Product Type: Multi-Level Marketing
Price: $50 Or 0.004 BTC or 0.25 ETH Worth Of Cryptocurrencies For The Investment
Quick Summary: Forrise is another multi-level marketing company that involves investments, tradings, and the utilization of cryptocurrencies. Unfortunately, there are no retail products or services offered. Its business model is even doubtful and it has no proof that it's generating income.
But according to them, all of their external reviews are generated through funds from their customers to create consolidated financial flows of investment funds.
Well, there's absolutely a lot of red flags and that’s why it’s probably even tagged as a High Yield Investment Program (HYIP) which is a type of Ponzi scheme!
Overall Rating: 1/10
It might sound lucrative and interesting but it led to the birth of deceptions, from Pyramid Scheme to Ponzi schemes and that’s why it’s important to investigate on an investment platform and check if it’s legit or not because a lot are disguising and hiding in a facade of a multi-level marketing company where it’s easier to fool people.
Having said that, we will now be discussing Forrise, a program coined as an HYIP.
I’ll breakdown important details for you so that you can make the right decision so sit back, relax, and read the entire Forrise review.
What Is Forrise About?
Forrise is a multi-level marketing (MLM) company in the investment and crypto niche. They incorporate it with online trading. However, there are no trades done here and even if they do carry out trades, they are not authorized to do so.
Forrise was founded in 2009 as it claims that the company dates back to 2009 when its Director General Adam Schultz started his career studying finances in Great Britain. However, Forrise’s website domain “forrise.com” was first registered in July 2019 and the company first started promoting on social media in December of 2019.
So which information is true? They just don’t coincide with the data you see on their website. How did it begin in 2009 when the company only existed since July of 2019? Now, this premise already states a red flag!
The mentioned director-general, Adam Schultz, was the man behind Forrise and he serves as the CEO but upon checking more details about him, I couldn’t find pertinent information about him online.
We have only heard about Schultz in their marketing videos but for his experience, his name is only linked to Forrise and we can’t see any digital traces about him anywhere. Well, here’s another red flag I must say!
The company is said to be based and registered to operate in the Republic of Panama and just recently, they have made a development plan until 2022 with various offices set in London, Milan, Hong Kong, Beijing, Mumbai, and Singapore.
But as mentioned, though it was claimed to have started in 2009, data would prevail that the website’s domain registration dates the company back to 2019 and has only started to promote itself on social media channels the same year.
So, how will they achieve it because facts would still say they’re relatively new in the industry.
Forrise Product Line
As mentioned above, Forrise doesn’t have retailable products or services rendered. But what you’re really offered is to buy into their membership, which will make you eligible to join into their income opportunity as an affiliate.
As we know, MLM companies, especially those who are targeting the US market, need to adhere to FTC rules and as they say, one should have retail sales rather than affiliates to be exempted in the list of being a Pyramid scheme.
How To Make Money With Forrise?
Basically, you’ll earn in this opportunity through ROIs and referral commissions. Here’s a run-through on how you’ll earn money in Forrise income opportunity:
- ROI or Return on Commission - Investments made are promised to earn your ROI over 15 days. You earn a 1% profit daily between those days. Investing in amounts from $700 to $4999 earns you 1.4% of daily profits over 30 days. The next rage goes from $5000 to $10,000 nets you 1.7% daily profit over 50 days.
Your ROI can be in any currency you want.
- Referral Commissions - You’ll earn a referral commission following a unilevel compensation structure. Your members are placed under you and their recruits are placed on another level below that. The structure is up to 25 levels deep.
- Rank Bonus - Being an MLM, Forrise as well have ranks and it rewards affiliates with one-time bonuses for qualifying at Rank 2 and higher.
To learn more about Forrise’s compensation plan, you can watch the video below:
Is Forrise A Scam?
With all the red flags, at this point, we have enough reason to conclude that Forrise is indeed a high-yield investment program (HYIP) which is a type of PONZI SCHEME which is definitely fraudulent.
Thus, the verdict is, it’s a scam!
It works almost the same as the previous cryptocurrency we’ve reviewed, such as: AlysDax and Cloud Token.
Joining in Forrise, there’s a corresponding minimum investment to officially join as an affiliate and these come with the following currencies (USD and other cryptocurrencies) and you can invest in one currency or combine two or more:
- USD 50
- 0.004 BTC
- 0.25 ETH
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Nothing about Forrise is worth liking. With all the red flags, there’s nothing good about this program and to what if offers.
It’s A Ponzi Scheme!
It’s indeed a High Yield Investment Program (HYIP) which is a type of Ponzi scheme! There’s no proof that the company is carrying out investments or trading to generate profits for their members.
So affiliates are probably being paid out using the new affiliates’ investments because there are no retail products, so the sole source of funding is from the investments. And if you’re in the lowest tier, you’ll probably never get your money back. Plus the fact that investments will cost you a lot of money.
Don’t come to a point where you’ll lose all your money. Skip this platform! Don’t get fooled by this scam!
We’ve identified a couple of red flags and one major reason why I would not recommend you to this program is because of its owner. As I said, I couldn’t find pertinent information about Adam Schultz.
We have only heard about him in marketing videos but for his experience. Thus, we can’t trust such a man with no stable background because an owner’s/ founder’s standing is important in any company because not only they spearhead it, they as well represent the company. If an owner is questionable, so is the company gonna be.
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Who Is It For?
This business opportunity is not for anyone.
If you want to make money, remember that it would take time. It won’t happen overnight, especially if you’re expecting a huge amount. Whether you invest your cash on a legit stock market or with the help of your bank, you’ll have to wait for years for it to grow.
You can invest your money and start your own business but then again, it will take time and effort. The truth is, there’s no easy way to earn cash so don’t expect Forrise to do what they say because it won’t happen.
In conclusion, we can say that most information reveals that Forrise is a scam. It is a High Yield Investment Program (HYIP), a Ponzi scheme that you should not trust.
There are just too many red flags as mentioned above and if I were you, I wouldn’t waste my precious time over this program, let alone a dollar.
It may come with a promise of a tenfold ROI but it’s all gonna be worthless if they can’t back up their claim. They can’t prove that because there is no proof that profits are generated by anything else other than the investments from other people.
Instead of making money, as promised, you’ll lose money in this program. It’s unstable, unethical, and like other scams or low-quality programs, it might shut down anytime.
Don’t be fooled and deceived with all these empty promises. Stay away from this program.
There are many opportunities online but only a handful are legit, and it pays to be vigilant all the time.
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I hope my Forrise review has enlightened you and if you have questions or comments, please feel free to drop it down below.