Control Finance Review: Crypto Trading 1.5% daily Ponzi scheme
Control Finance provide no information on their website about who owns or runs the business.
UK Companies House incorporation documents are provided on the Control Finance website, showing an incorporation date of September 8th, 2016.
The Control Finance corporate address provided belongs to Bruntwood, who sell virtual office space. As such it appears Control Finance exists in the UK in name only.
The sole Director of the company is Benjamin Reynolds, who is also the listed owner of the Control Finance website domain (registered September 6th, 2016).
Control Finance marketing videos on the company website feature a speaker with a distinct Eastern European accent. In the videos the speaker reads marketing copy present on the Control Finance website.
The man doesn’t identify himself but probably isn’t Benjamin Reynolds (Fivver gig?).
It’s pretty obvious Control Finance has no physical operations in the UK, as well as Benjamin Reynolds likely also not existing.
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.
Control Finance Products
Control Finance has no retailable products or services, with affiliates only able to market Control Finance affiliate membership itself.
The Control Finance Compensation Plan
Control Finance affiliates invest funds on the promise of a perpetual 1% to 1.4% daily ROI:
- Beginner (invest $10 to $299) and receive 1% a day
- Intermediate (invest $300 to $999) and receive 1.1% a day
- Advanced (invest $1000 to $4499) and receive 1.25% a day
- Master (invest $4500 to $9999) and receive 1.4% a day
- Master+ (invest $10,000 or more) and receive 1.5% a day
Control Finance pay referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Control Finance cap payable unilevel levels at seven.
Commissions are paid out as a percentage of funds invested across these five levels as follows:
- Beginner – 5% on level 1 (personally recruited affiliates), 5% on level 2, 3% on level 3, 1% on levels 4 to 6 and 0.5% on level 7
- Intermediate – 10% on level 1, 5% on level 2, 3% on level 3, 1% on levels 4 to 6 and 0.5% on level 7
- Advanced – 15% on level 1, 5% on level 2, 3% on level 3, 1% on levels 4 to 6 and 0.5% on level 7
- Master – 20% on level 1, 5% on level 2, 3% on level 3, 1% on levels 4 to 6 and 0.5% on level 7
- Master+ – 25% on level 1, 5% on level 2, 3% on level 3, 1% on levels 4 to 6 and 0.5% on level 7
Joining Control Finance
Control Finance affiliates who don’t invest can only earn referral commissions.
Full participation in the Control Finance income opportunities requires a minimum investment of $10.
Your first red flag with Control Finance is the UK incorporation.
UK incorporation cost less than £20 GBP and verification of supplied details is non-existent.
And even if we take the Companies House incorporation at face value, Control Finance is obviously an investment opportunity.
UK corporations can’t legally offer investment opportunities without Financial Conduct Authority registration.
A search of the FCA’s list of registered companies for Control Finance or any derivatives turns up nothing.
Your second red flag is Benjamin Reynolds. Generic Anglo-Saxon name with no information provided and only contactable through a virtual office address.
Your third red flag is how Control Finance claims it funds its daily ROI payouts.
Our clients have the opportunity to gain profit from trading various cryptocurrency pairs through the activities of our experts on well-known exchanges such as Poloniex, BTC-e, Bitfinex, Bitstamp, and others.
Naturally proof of any cryptocurrency trading taking place isn’t provided.
And even then, the cryptocurrency trading business model fails the Ponzi logic test.
If Ben Reynolds and his European buddies were able to generate a minimum 1.5% daily ROI, why would they be soliciting investment from randoms over the internet?
This leaves the only verifiable source of source entering Control Finance being affiliate investment. The use of which to pay a perpetual daily ROI makes Control Finance a Ponzi scheme.
Marketing videos on a bogus Benjamin Reynolds YouTube account went up two months ago. At 1.5% a day it’ll take about 67 days for reserve funds to be exhausted. Less once referral commissions are factored in, and slightly longer on the assumption not every Control Finance affiliate will invest $10,000 or more.
Regardless of when it happens, all Ponzi schemes eventually collapse.
Control Finance is not an exception, with Ponzi math guaranteeing the majority of investors will lose money when it does.
Update 19th June 2019 – The CFTC has filed charges against Control Finance and Benjamin Reynolds.
Update 25th March 2021 – The CFTC has secured a $517 million dollar judgment against Boris CEO Benjamin Reynolds.
Update #2 25th March 2021 – Control Finance CEO Benjamin Reynolds has been outed as Estonian resident Karl-Joonatan Mets.