UKFarm Review: Stolen identity “click a button” Ponzi
UKFarm fails to provide ownership or executive information on its website.
UKFarm’s website domain (“ukfarm.vip”), was privately registered on June 2nd, 2024.
In an attempt to appear legitimate, UKFarm cites a clothing store and the “Red Tractor Assurance Scheme” as regulatory authorities:
This is false on both counts.
UKFarm has already attracted the attention of financial regulators. The Central Bank of Russia issued a UKFarm pyramid fraud warning on June 14th, 2024.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
UKFarm’s Products
UKFarm has no retailable products or services.
Affiliates are only able to market UKFarm affiliate membership itself.
UKFarm’s Compensation Plan
UKFarm affiliates invest tether (USDT). This is done on the promise of advertised returns:
- Level 1 – invest 9 USDT and receive 1.8 USDT a day
- Level 2 – invest 50 USDT and receive 11 USDT a day
- Level 3 – invest 150 USDT and receive 33 USDT a day
- Level 4 – invest 460 USDT and receive 110 USDT a day
UKFarm pays referral commissions on invested USDT down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 12%
- level 2 – 3%
- level 3 – 1%
Joining UKFarm
UKFarm affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 9 USDT investment.
UKFarm Conclusion
MK-Life is yet another “click a button” app Ponzi scheme.
MK-Life misappropriates the branding of Farm Together, a video game released in 2018.
Needless to say UKFarm has nothing to do with Farm Together.
UKFarm doesn’t bother coming up with a ruse. This makes it a typical “task-based” Ponzi scheme.
The assigned task in UKFarm is “orders”. This sees UKFarm affiliate investors log in daily to “click a button”.
Clicking the button daily qualifies UKFarm investors to receive daily returns.
Beyond that clicking a button inside UKFarm does nothing, there is no external revenue. All UKFarm does is recycle newly invested funds to pay earlier investors.
Examples of already collapsed “click a button” app Ponzis using the same stolen identity ruse are Ecard Bot, Computer USDT and Tesla Supercharger.
Since 2021 BehindMLM has documented hundreds of “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.
“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).
The same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.