F2S Fund Review: $150 in, $55,680 out BTC Ponzi scheme
F2S Fund provides no credible information on its website about who owns or runs the company.
F2S Fund does provide a list of executives supposedly running the company, however these are a combination of stock photos and actors.
Two actors appear both on F2S Fund’s website and in their marketing videos; “Nick Wood” and “Michael Le”.
Wood is the more prominent of the two, appearing in more videos.
F2S Fund presents Wood as its Chief Coordinator.
In reality Wood doesn’t exist outside of F2S Fund’s marketing. He’s an actor shooting videos in front of a green screen.
Wood’s last appearance on F2S Fund’s official YouTube channel was three months ago.
Update 7th June 2021 – BehindMLM reader AntiMLM has done some digging and found a bunch of Nick Wood’s work online, predating F2S Fund.
AntiMLM’s research can be found below in the comments (#19). /end update
Alexa currently ranks Bangladesh as the only notable source of traffic to F2S Fund’s website (39%).
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.
F2S Fund’s Compensation Plan
F2S Fund affiliates invest $150 on the promise of a $55,680 ROI.
The exact payout structure isn’t disclosed but from the information provided we learn a few things.
First all F2S Fund affiliates are required to recruit two affiliates to qualify for payments.
This suggests F2S Fund is tracking ROI payments via a company-wide 2xx matrix (unlimited depth).
Next we can see that ROI payments are directly tied to affiliates placed into the matrix, either via direct or indirect recruitment:
Again, exact payments aren’t disclosed but given we know the total ROI paid out is $55,680, we can see that cross S1 to S13 40,000 recruits are required to generate the full ROI payout.
It’s unlikely that matrix payments are linear, however this comes to $1.39 per position filled.
Joining F2S Fund
F2S Fund affiliate membership is tied to a $150 buy-in.
$120 of this is used to pay existing F2S Fund affiliates, the remaining $30 is retained as an admin fee.
Conclusion
F2S Fund combines elements of a Ponzi and pyramid scheme, run by anonymous scammers.
F2S Fund satisfies Ponzi criteria by way of new $150 investments being the only verifiable source of revenue entering the company.
I did see the usual baloney about cryptocurrency trading on F2S Fund’s website, however no evidence is provided so these claims should be discarded.
The pyramid element is satisfied by way of constant recruitment required to generate aforementioned $150 investments.
Without recruitment there are no new $150 investments entering the system, leading to F2S Fund’s collapse.
In an attempt to justify its Ponzi scheme, F2S Fund refers to investment fraud as “crowdfunding”. This is a common technique used by scams.
What separates legitimate crowdfunding from MLM scams is that donations in legitimate crowdfunding aren’t made with strings attached.
In MLM schemes masquerading as crowdfunding, payments are made for the sold purpose of qualifying to receive payments from subsequently recruited participants.
Sometimes an extra step of adding some garbage to payments is added (ebooks, marketing tools, a token physical product etc.), however this doesn’t seem to be the case in F2S Fund.
As is typical of F2S Fund, it is the owner(s) who will receive the largest amount of invested funds. This happens two-fold, via a mandatory $30 admin fee and multiple admin positions placed on top of the company-wide matrix.
Early top recruiters will squabble over what’s left, ultimately leaving the majority of F2S Fund affiliates with a loss.
F2S Fund’s use of bitcoin further guarantees that recovery after its inevitable collapse will be next to impossible.
Update 24th November 2021 – F2S Fund has collapsed.
Withdrawals have been disabled and the company’s website has been pulled offline.
“Sara” from the promo videos appears to be British video presenter & producer Steph Elmore:
vimeo.com/316581918
youtube.com/watch?v=iKKOmaV619U
See the mole on the jaw.
20 years claimed experience as a TV presenter, now reading Ponzi scripts on Fiverr.
Ouch.
Ponzi – gutter cleaning, coincidence?
facebook.com/clearvisioninverness/posts/1852183644964558
Hi, my name is Steph… @ Clear Vision Highland Ltd., @Barnet Wills, @Steph Elmore British Video Presenter & Producer
Hi, I’m Sarah… @ F2F Fund
Good idea to act under nickname, when promoting Ponzi!
But she forgot to change her favorite office backdrop and suit (black jacket #2). So easy to identify her…
Poor lady.
BTW, a minor adjustment of logo needed. It does not respect neither a perspective of the background wall, nor the foreground glass partition. The logo is evidently plastered over the video in post production.
My comment (see bellow) under F2F Youtube video was deleted within couple of minutes. Make your own conclusion!
Seems “Nick Wood” is Nicholas Wood who may be more than just a hired actor for F2S Fund.
He provides video services, yes:
getclientswithvideo.co.uk/
youtube.com/c/NickWood66/featured
Okay, so maybe F2S Fund just hired him for his video services and he’s not part of the ponzi as such?
Except he openly admits to being the CEO of F2S Fund on his pretty extensive and established LinkedIn profile:
imgur.com/a/ca1t6kp
Hmm.
@Huey: A scammer playing an actor playing the CEO of a Ponzi scheme? That could be a wizard wheeze.
*knock knock* “Excuse me sir, we understand you are the CEO of F2S Fund, would you mind accompanying us down to the station?”
“Oh, I’m afraid I did appear in some videos for F2S, but I was just a hired actor. Look, here’s my website and YouTube channel. I’m really very sorry about what happened to all those people but all I did was appear in an advert.”
“I see sir. But it’s not actually impossible that someone with a few YouTube videos could also run a Ponzi scheme, so perhaps we could take a look at your bank records and maybe the receipt for that Maserati?”
“I say sergeant, isn’t that an unaccompanied woman over there looking a bit uppity?”
*pheeeeeep* “Oi! Stop in the name of institutional misogyny!”
But Nick Wood uses Bitcoin to “help others” in keeping with the “philanthropic” mission of the F2S Fund ponzi:
imgur.com/a/6mAYhxP
And here he is in a video on his YouTube channel talking about a “phenomenal philanthropy fund, the F2S Fund, where people can trade in bitcoin…one-time payment of $120”:
imgur.com/a/ugG0VVc
11:45:
youtube.com/watch?v=ofmBDO2-JFI
I’m starting to think Nick Wood is the brains (or lack thereof) behind the F2S Fund ponzi.
Another possible angle… he was used in another Nondescript ponzi, and realized there’s money to be made, and could use the acting as a plausible deniability front.
So either this is some really elaborate ruse. Or Nick Wood is some guy who runs a video service, and decided he can one up the Boris CEO mob.
Except he’s playing Boris himself.
This… is a new angle. I don’t know what to make of it yet.
My first thought at seeing the image of “Nick Wood” was that he really needs some make-up, and professional models or actors would know that.
That blotchy complexion is either because he’s not a Boris CEO, or as Oz says, it’s a really elaborate ruse–the old double-inverse dodge. Still a scam either way, of course.
Oz, I think there’s missing word in this sentence:
…should be “I did see the usual…” etc.?
Yah, thanks for catching that.
The fund is a scam. I saw this when I went to their website. Unfortunately, the people who are excited members, are doing all the work getting new members, while the fund itself, just off the phony administration fee have pocketed 6 million dollars, if 200,000 people signed up.
There is no administration going on, the fund does not have an office.
There address uses Capital Office Ltd as their address, so anyone could call that company and ask what is up.
This page is strange: f2sfund.com/founder-members
Their “team” doesnt really consists of stock photo’s but just stolen photos.
Albert Webb is a non existing person.
The picture they use is from Sébastien Roy – lexology.com/2196/author/S_bastien_Roy/
Harry Parker is a non existing person.
The picture they use is from James R. Reid –
mondaq.com/canada/securities/297918/new-guidance-to-codify-underwriting-due-diligence-best-practices
mondaq.com/Author/591140/Davies-Ward-Phillips-Vineberg-James-R-Reid?article_id=297918
Just a reminder that basic UK incorporation details are 99.9% bogus. Anytime you see an MLM company brandying about a basic UK incorporation assume it’s a scam.
So I have been looking into this ‘company’ because a person I know approached me and asked me to join under them. As always, I am doing my due diligence.
I can see that two of the ‘corporate coordinators’ are pictures stolen from other people.
I can see ‘Sara’ is really Steph.
As for that office address, it is a mail-forwarding company. My ex, shady dude indeed, used to use that ‘address’ as his Ltd Company address.
And yes, phone number is a number in Germany not the UK.
And YES, the website grammar smacks of someone who is not British not has a good command of the English language. WHY?
Now I can see Nick Woods doing a lot of posts on FB and YT about the F2S fund. I can see Michael Le (who incidentally I found TedTalk Videos and it does appear he is actually a guy named Michael Le).
I can see on the F2S fund FB page, lots of zoom talks by people that appear to be people who are who they say they are. Now from what I can tell some of them may have been paid to just do like a ‘training’ session, such as Felecia Hatcher. But there are others, like Lucy Gilchrist who has a large online presence and is in management at Pepsi UK, who appear to be part of the F2S group as core founders.
Any new comments about this company?
I told my friend I thought it was a ponzi scheme. He said no, I was wrong. I kept looking so I could find more evidence. But what I am finding now has got me wondering if this is a scam or if I was wrong and it is legit.
I mean why would people like Lucy Gilchrist or even Felecia Hatcher have anything to do with this if it was a scam?
The business model isn’t a secret. Push him on how F2s Fund recycling invested funds to pay returns isn’t a Ponzi scheme.
Sounds like you might have to let your friend go until the inevitable collapse.
Legitimacy via association isn’t a thing. Using new investment to pay returns = Ponzi scheme = scam.
I don’t know who those people are but they’ve signed up to a Ponzi scheme the same reason anyone else does, to steal money from people who invest after them.
Ponzis try to appear legitimate all the time by associating with things and people that are truly legitimate. It’s all part of the scam.
Just because PayPal accepts bitcoin and Mark Cuban owns ethereum, doesn’t make bitcoin and ethereum ponzis legitimate.
I watched that Felecia Hatcher interview in its entirety and *not once* did she mention or recommend or promote F2S Fund. She spoke about philanthropy in general, and Nick Wood would try to spin her responses into “that’s what we’re doing with F2S Fund” bullshit.
As a scammer, he knows that most people (like you) will think, “Oh, how can this be a scam if Felecia Hatcher is a part of it?” – except she never said she’s part of it. I’m guessing she has no clue how her reputation is being manipulated by a con artist.
I almost feel badly for Felecia Hatcher because she’s risking her reputation by associating with a ponzi scammer. Then again she should have done her due diligence as well.
@Oz
Nick Wood seems to be your run of the mill shitstain “Get rich on the internet” marketer.
Dropshipping, Amazon, Youtube, Affiliate Marketing, Sales Videos, Weight Loss magical jewellery products.
youtube.com/c/NickWood66/videos
facebook.com/asknickwood/
youtube.com/channel/UCpk-P_XbhVKmGZYH3rMxkjQ/videos
youtube.com/channel/UCfdSYBItLqvwFglTX9C-7dQ/videos
Also the same reprobate commenting on CopyProTraders currently I suspect.
Most likely. Someone running crypto Ponzi schemes is going to be fine securities fraud.
The whole MLM crypto space is pretty much a collective of scamming shitstains.
Might be time to update his borisness in this review to straight-up real scumbag.
The video history for his moneymaking tricks is 3years back at least.
Done. Thanks for that.
Out of curiosity I went and looked up F2S Fund’s Alexa ranking. It’s tanking.
Unsurprising given his feeds barely had F2S and it’s onto the next schemes.
Must be more profitable to edit people’s videos for 200smackers or sell CPT on the sly to followers.
*over 40s only kthx.
This organization that calls itself a Philanthropic crowdfunding platform is 100% a Ponzi Scheme –
It is Bangladeshi owned; and they hired Nicholas Charles Wood as a CEO – “Nick Wood” doesn’t even know how F2S Fund works. This is a side gig for him – until the Authorities come knocking on his door.
Then you have the Bangladeshi owner Wakiduzzaman Dablu who is trying to cover up his tracks by removing his name but still running the program.
Found a few people in the US and in a man Japan to add their names on the registration and is asking them to Register the company in the US and Japan.
Go figure – Wakkiduzaman Dablu removes his name and pawns it off to people in the US and Japan. Yet, he remains the owner of F2S Fund and makes all the final decisions.
When the authorities come knocking on these people doors his name is no longer on the registration – but he left a paper trail.
suite.endole.co.uk/insight/company/13365048-f2s-global-ltd
Bitcoin is illegal in Bangladesh – The owner is from Bangladesh and is hiding it from Authorities – he can be arrested for at least 2 things Bitcoin and creating a Ponzi Scheme- The majority of the people in F2S Fund, are in Bangladeshi – What if F2S Fund was reported to the authorities in Bangladesh.
Things that make you go hmmmmm…
cryptonews.com/guides/countries-in-which-bitcoin-is-banned-or-legal.htm
bdnews24.com/bangladesh/2021/06/20/bangladesh-arrests-four-with-links-to-illegal-bitcoin-trading
My Money$1450 Dollar not Piad F2s fund Please can you paid my money thanks so much f2s fund.
Website gone, Ponzi go boom.
Sorry for your loss.