AM Redbull F1 accepts FutureNet Ponzi sponsorship, ignores concerns
The latest attempt by an MLM scam to legitimize itself via association, will see FutureNet sponsor an F1 team for two years.
Aston Martin Red Bull don’t seem to mind that sponsorship funds they’ll be receiving are proceeds of a global Ponzi scheme.
Although the sponsorship is meaningless outside of providing FutureNet with social media photo-op fodder, Christian Horner, Team Principal of the Red Bull Racing Formula One team, stated
being sponsored by a cryptocurrency company is another “big step” for F1.
He added that digital currencies are one of the leading technologies currently under development, which is why Aston Martin Red Bull “is very excited about being part of this revolution.”
FutureNet began as a six-tier Ponzi cycler. The cycler is kept alive today via mandatory investment requirements imposed on FutureNet affiliates.
FutureAdNet, FutureNet’s adcredit Ponzi scheme, has collapsed twice already.
The latest changes to the scam have seen ROI payments slashed by up to 60%. FutureAdPro investors are now also forced to purchase FuturoCoin if they want to invest.
As I understand it these recent changes have not gone down well with the FutureNet affiliate-base.
Today FutureNet conducts most of its fraudulent business through FuturoCoin.
Initially used as internal Ponzi points, FutureNet managed to get FuturoCoin publicly listed in mid 2018.
After debuting at a pumped value of $17.60, FuturoCoin has since dumped to its current value of $4.88.
Outside of FutureNet FuturoCoin serves no purpose. Inside the Ponzi scheme FutureNet uses FuturoCoin to pay affiliates, offloading the majority of its ROI liabilities directly onto gullible new investors.
This takes place via exchange trading.
- FutureNet generates FuturoCoin at little to no cost;
- the company then accepts real money from investors for the generated coins;
- FutureNet affiliates use FuturoCoin to participate in the company’s various scams;
- FutureNet pays affiliates in FuturoCoin, again generated at little to no cost;
- the only way an affiliate can then recoup their investment is by offloading FuturoCoin through the public exchange trading.
This sees FutureNet retain initially invested funds, some of which are being used to pursue sponsorship deals such as that with Aston Martin Redbull F1.
At the time of publication FutureNet is not licensed to offer securities in any jurisdiction it operates in.
Off the top of my head any legitimate company getting into bed with a Ponzi scheme should be concerned about potential money laundering.
Being investigated by a regulator and the subsequent PR damage should also be taken into consideration.
Whereas the sponsorship will aid FutureNet with duping new investors, having their car emblazoned with FuturoCoin logos probably isn’t going to do Aston Martin Redbull F1 any favors.