Finiko Review: 1% a day CFR Ponzi points scheme
Fininko’s website provides no information about who owns or runs the company.
In fact as I write this, Finiko’s website is nothing more than an affiliate login page.
Of note is Finiko’s website defaulting to Russian, suggesting that whoever is running the company is likely from Russia or a neighboring country.
At the time of publication Alexa cites Russia as the top source of traffic to Finiko’s website (70%).
Marketing videos on Finiko’s official YouTube channel are also in Russian.
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.
Finiko’s Products
Finiko has no retailable products or services, with affiliates only able to market Finiko affiliate membership itself.
Finiko’s Compensation Plan
Finiko affiliates invest in $1030 CTI positions on the promise of a 1% daily ROI for 100 days.
A 5% referral commission is paid on funds invested by personally recruited affiliates.
Finiko Affiliate Ranks
There are ten ranks within Finiko’s compensation plan. Along with their respective qualification criteria, they are as follows:
- 1 Star – invest in and maintain one CTI position and generate 10,000 CTI in downline investment volume
- 2 Star – maintain one CTI investment position and generate 30,000 CTI in downline investment volume (only 70% of level 2 volume is counted)
- 3 Star – invest in and maintain two CTI positions and generate 50,000 CTI in downline investment volume (only 50% of level 3 volume is counted)
- 4 Star – invest in and maintain three CTI positions and generate 70,000 CTI in downline investment volume (only 30% of level 4 volume is counted)
- 5 Star – invest in and maintain five CTI positions and generate 100,000 CTI in downline investment volume (only 20% of level 5 volume is counted)
- 6 Star – invest in and maintain seven CTI positions, personally recruit and maintain one 2 Star and generate 200,000 CTI in downline investment volume (only 15% of level 6 volume is counted)
- 7 Star – invest in and maintain eight CTI positions, personally recruit and maintain one 3 Star and generate 300,000 CTI in downline investment volume (only 10% of level 7 volume is counted)
- 8 Star – invest in and maintain ten CTI positions, personally recruit and maintain two 3 Stars and one 4 Star and generate 400,000 CTI in downline investment volume (only 10% of level 8 volume is counted)
- 9 Star – invest in and maintain fifteen CTI positions, personally recruit and maintain two 4 Stars and one 5 Star and generate 600,000 CTI in downline investment volume (only 5% of level 9 volume is counted)
- 10 Star – invest in and maintain twenty CTI positions, personally recruit and maintain two 5 Stars and one 6 Star and generate 1,000,000 in downline investment volume (only 3% of level 10 volume is counted)
Capped volume percentages counted from certain levels refer to unilevel team level volume (see “residual commissions” below).
Note that from level 11 of the unilevel team, only 1% of generated volume is counted towards required downline investment volume.
Also note that 30 CFR of each CTI position invested in is a charged admin fee. This 30 CFR volume does not count towards rank qualification criteria.
Residual Commissions
Finiko pays residual 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.
Finiko caps residual commissions at ten unilevel team levels.
Residual commissions are paid out as a percentage of returns paid to affiliates across these ten levels based on rank:
- 1 Stars earn 3% on level 1 (personally recruited affiliates)
- 2 Stars earn 3% on levels 1 and 2
- 3 Stars earn 3% on levels 1 to 3
- 4 Stars earn 3% on levels 1 to 4
- 5 Stars earn 3% on levels 1 to 5
- 6 Stars earn 3% on levels 1 to 6
- 7 Stars earn 3% on levels 1 to 7
- 8 Stars earn 3% on levels 1 to 8
- 9 Stars earn 3% on levels 1 to 9
- 10 Stars earn 3% on levels 1 to 9 and 3.5% on level 10
Rank Achievement Bonus
Finiko rewards affiliates who qualify at 5 Star and higher with the following Rank Achievement Bonuses:
- qualify at 5 Star and receive 500 CFR
- qualify at 6 Star and receive 1000 CFR
- qualify at 7 Star and receive 2000 CFR
- qualify at 8 Star and receive 5000 CFR plus an increased 2% daily ROI rate
- qualify at 9 Star and receive a “car or monetary equivalent) and an increased 2.5% daily ROI rate
- qualify at 10 Star and receive an increased 3% daily ROI rate
Joining Finiko
Finiko affiliate membership is tied to a minimum $1030 investment in bitcoin.
Additional investment positions cost $1030 in bitcoin each.
Conclusion
Finiko is your classic MLM Ponzi points scheme.
From what I’ve been able to ascertain, promotion of Finiko in Russia took off from the “finiko.ru” domain last August or so.
Having exhausted the Russian Ponzi market around February 2020, the company is now pushing the scheme outside of Russia.
Finiko is accompanied by the usual promises of trading.
The Finiko is mainly a group of professional traders that actively and efficiently trading in different markets i.e. indixes [sic], stocks, crypto currency and forex.
Trading in these markets is their main source of income which consistently earning more than 10% daily profits.
This model fails the Ponzi logic test for obvious reasons. If Finiko’s Russian admins were capable of generating consistent 10% daily profits, they wouldn’t need your money.
Not withstanding there is no proof of Finiko using trading or any other source of external revenue to pay advertised returns.
The only verifiable source of revenue entering Finiko is new investment, the use of which to pay advertised returns makes Finiko a Ponzi scheme.
Finiko’s Ponzi vehicle of choice are cefron points (CFR). CFR holds no value outside of Finiko making it worthless.
Gullible investors transfer bitcoin to Finiko. Based on a $1:1 CFR conversion, Finiko provides affiliates with a CFR balance in their backoffice.
1000 CFR are required to invest in 1 CFR position, plus a 30 CFR admin fee.
Finiko pays commissions and returns in CFR, which the company generates on demand at little to no cost.
Taking a look at the bigger picture, Finiko accepts bitcoin from its investors. CFR is converted into bitcoin through the internal exchange when affiliates want to cash out.
Finiko will honor withdrawal requests as long as the company’s anonymous admins feel there’s enough new bitcoin coming in.
When affiliate recruitment inevitably slows down, as it did in Russia, Finiko will simply stop paying out and collapse.
If they don’t go down the “thanks for your money bye” route, Finiko’s admins could also opt for dumping CFR on a dodgy exchange and exiting that way.
Either way, the majority of Finiko affiliate investors will be left bagholding worthless CFR points they can’t do anything with.
Realistically given Finiko has been promoted in Russia since mid last year, new investors are paying previous Russian bagholders. When the time comes for non-Russian investors signing up now to cash out, сожалею о вашей потере.
Update 4th April 2021 – Finiko’s CFR Ponzi points scheme has collapsed.
The company has launched FNK tokens, paving the way for its inevitable collapse.
Please delete my former mail: I wrote 09/19 instead of 27/09/18
Dear
Thanks for your investigation.
You wrote in your important conclusion:
This is not at all “…or so”: The creation is in 09/18 as everybody, especially you as a specialist, can see easily on “whois.com”.
Why this lie about the creation of the date from the domain name?
Such an important false info in a conclusion mislead easily your readers.
Or not?
Strange you did this, please rectify.
Further I wonder if you have information about the hundreds of offices Fidiko seems to have in Rusia, China and India and now very soon in Germany. I hope to get your answers soon.
Jo
(Ozedit: phone removed)
Yeah so uh, turns out dates are finicky things.
IIRC the August date was based on promotion of Finiko, not the domain creation date. I didn’t mean to imply the .RU domain was registered in August, I could have worded that better.
I think I pulled the August date from Russian promotion of Finiko I came across. Anyway doesn’t matter, I included “or so” because it’s often hard to pin down exactly when scammers start promoting.
Here’s Finiko being promoted as far back as July 2019 – youtube.com/watch?v=5hBaeocIqJI
I know it has nothing to do with Finiko being a Ponzi scheme.
Ah wait, I know where I got August from – the .RU domain’s Alexa traffic chart.
Finiko might have been promoted to Russians prior to August 2019 but it only gained traction that month. I didn’t look up the .RU reg because it didn’t matter.
Anyways I’ve edited the sentence in question to remove confusion. Thanks for the feedback.
There is tons of information on about who is the CEO and head trader as well. Why do u say they are no information about who is running it?
Because, as stated in the review, Finiko provides no information about who owns or runs the company on their website.
Some dipshit tried to link a spam site and now you’ve rocked up. Neither of you have bothered to just say who runs Finiko.
Potential investors and the public shouldn’t have to go hunting for basic corporate information. The onus is on Finiko to provide that information on their website.
An MLM company not providing basic corporate information on their website is a major red flag. Not withstanding Finiko being a blatant Ponzi scheme.
There are many videos on who runs Finiko
Here is just one video from the CEO and his head trader who shows trading evidence:
youtube.com/watch?v=UQCwqxT0NN0&t=0s
That certainly demonstrates a good way of telling whether or not a company selling securities is legitimate or not.
With the legitimate ones, information about who owns or runs them is never given on the company’s own website. Such facts are only revealed in interminable Youtube talking head videos, usually put up by other people, not the company itself.
In particular, people like this, someone who goes by the name “Crypto Analyzer” (so he clearly knows what he’s talking about), and who peddles a whole variety of Ponzi and pyramid schemes, all of which he wants you to join as his downline.
He’s got an impressive portfolio to choose from, most of which have already earned warnings against them from regulatory bodies in a variety of countries, and some of which have already collapsed.
I see some guy with a Russian accent who introduces himself as unintelligible. And html spreadsheets as proof of trading?
Bitch please. There is no substitute for registering a securities offering and providing legally required audited financial reports.
In all the Finiko promotional material, he’s identified as Kirill Doronin (which also happens to be the name of an ice hockey player).
If it’s the same guy, he must have radically changed his appearance, including shaving his head and getting lots of tattoos on his arms, within the last few years.
But from only a very quick glance at a few pictures, I suppose it’s not entirely impossible it’s the same person.
Or maybe he called himself that name so someone else would dominate Google searches. You can’t prove that’s NOT his name!
By the way, if you want to know more about me, my name is Brad Pitt. Prove me wrong.
You missed the best – Finiko’s “terms of use”.
thefiniko.com/documents/terms_of_use_v2.pdf
Point 4:
Also – it’s not a “investment”. It’s a game! 🙂
Can you redo your investigation? Seems you just copied it from somewhere else, as from your first sentence your statements are incorrect “Fininko’s website provides no information about who owns or runs the company.” DO PEOPLE BELIEVE THE STUFF YOU POST?
With just a normal search in Google if you don’t know how to google, go to a web browser and type google.com then go to the search block and type “who owns Finiko” and guess what you will find the answer… Leaders of the company:
Doronin Kirill CEO of Finiko company and famous Kazan entrepreneur.
Sabirov Edvard co-founder of Finiko company, and head of the company’s trading department, 11 years of trading experience.
Sabirov Marat co-founder of Finiko company and head of the company’s cryptocurrency and cash back service department.
Zygmuntovich Zygmunt co-founder of Finiko company and head of the company. All leaders live in Kazan and are open to dialogue.
WE BELIEVE IN FACTS AND NOT IN POOR PEOPLE THINKING “TO MAKE MONEY” IS ALWAYS A SCAM.
If you want to join (Ozedit: recruitment spam removed)
The review states Finiko’s website provides no information on who owns or runs the company.
Having to go to Google and get this information from a third-party source doesn’t change this fact. Herp derp.
Oh and dismissing the fact Finiko is a Ponzi scheme as “poor people thinking”? That’s cute.
Ponzi scheme indeed.. 3 more months to 3 years… Woohooooo!!!
Finiko’s website domain was only registered in Feb 2020. Try harder scammers.
I know it’s hard to projet, but according to your point of view, how long do you think this company will be running correctly letting you withdraw your bitcoins?
Same as any other Ponzi scheme, until new investment runs dry.
Disregard Bitcoin chaser’s noise. He’s just another ponzi profiter that dumped his previous favourite MTI after Crypto Analyzer called off their weekly date night.
Woman scorned and all that.
My friend has just heard about finiko and thinks it’s the greatest new thing.
Would you advise people against investing in this? He has chance to open an office and recruit people.
Read the review.
Those who are saying Finiko is a ponzi scheme you guys are the reason you get bullshit talkers in this world if you can’t prove that you invested with them and did not get paid don’t come trash talking a company.
I am using Finiko and earning $90 a day where as in a few month I want to be able to get $250 a day and go on youtube and have a look see of how they trade for you on 4 different markets if the one markert is closes you get 0.8% instead of 1% sometimes you will even get 1.1% for me its $99 dollars.
Get your facts straight and proof that they are scammers before you publish bullshit like this.
Finiko is a Ponzi scheme because of its business model. You don’t need to invest in a Ponzi scheme to identify one.
Marketing videos are not a substitute for audited financial reports filed with regulators. They are also not evidence of external revenue being used to pay withdrawals.
Numbers on a screen != earnings. Sorry for your loss.
1% per day = 100 days before you cover your principal and get into “profit”. That is ONLY if you withdraw your winnings into your pocket.
Leave it in your account and it’s just numbers on a screen.
Sorry for your losses.
DarkWader1 says:
Is DarkWader1 really so clueless?
If they could actually get these type of returns, hedge funds, multinational banks, etc would give them billions.
Instead they take a few hundred $ from any random yokel/dreamer/rube who thinks that % is real?
Rhetorical question – right ?
You wouldn’t need to bother with any outside investors, big or small. If you could really consistently generate around 1% of profit a day, even with a very small starting sum you’d very soon be a billionaire in your own right, without needing to share any proceeds with anyone else.
For instance, say you started out with only 100,000 US dollars, or euros. After about two and half years you’d be a billionaire. After only four years, you’d have overtaken Jeff Bezos to become the richest person in the world.
Carry on after that, and you’d soon reach the point where you couldn’t make any more: you’d own the world’s entire money supply.
And if you don’t have the required 100,000 starting capital: if you took out a bank loan, even at the highest interest rates going you’d be able to repay that in full after less than three months.
well well finiko is profiting company. dont let anyone decieve, i make money daily, i am a living testimony guys.
Numbers in your backoffice != actual money.
Sorry for your loss.
You are either gullible or a paid promotor. I’ll assume Gullible rather and answer as such:
@Grace,please read your and other people’s comments in this review,then go read the same in reviews for places like Mirror Trading International and Finalmente below:
https://behindmlm.com/mlm-reviews/mirror-trading-international-review-forex-trading-daily-returns/
https://behindmlm.com/mlm-reviews/finalmente-global-review-bitcoin-lending-ponzi-scheme/
You will find that in the beginning everything runs great, everybody gets paid and anybody that disagrees doesnt know what they are talking about, or are working for another platform, or want to keep people poor.
Months or years later it suddenly explodes and everybody comes with a sad story of they didnt know it was a scam, or they looked so honest, or they paid and were so transparent.
It’s the exact same story everytime with these Ponzi schemes, you may be getting paid now, but that money is from new investors.
when that runs out or if Finiko decides they have enough profits they will exit and everybody with anything in will lose their money.
Please stop using “payments” are your proof – it’s not proof of fuckall.
Pre-school maths can show this and any other scheme like it cannot afford to run forever, and the profits are impossible.
Well ive putted in 15k$ here aswell, for me it was more a leap of faith hoping to find something good that really isnt a scam, which is really working in the longer run..
well so long so good, guess we’ll know in a few – three years for sure, should have dubbed of by that time being.
Anyway so i heard about this new Daisy AI bot and got hyped as fock and again hoped it was something to invest large in but again.. another leap of faith where my digging info leads me to uncertainty once again.. will it pay out at all? how long?
is it actually trading when they show off “Copy Trading?” or is it another investment advertise for suckers??
like cfx they show of the trades on EverFX plattforms, EverFX is the main sponsor to Sevilla FC, which confirms they work together with cfx, would they really hurt their name if it wasnt real trades?
Also OZ or anyone else with brain knows about some site providing intell on new serious promissing companies to invest in, trading bots or otherwise which seems to be good and trusted to put money in?
answears is much appriciated
Kindly regaards
Troy
MLM + securities fraud = Ponzi scheme.
There is no other reason for an MLM company to choose to operate illegally.
Legitimacy via association isn’t a thing. There is also no substitute for registering with financial regulators and providing audited financial reports.
Any passive investment company that doesn’t do this is a scam, irrespective of whether its collapsed yet or been shut down.
Hi
A relative of mine invested money in this. OZ can you explain me how this works?
Lets say you invest 10.000 dollars into this, then it converts to Bitcon and then to CFR? (I don’t understand the business model at all).
Should I advise the relative to take out the money now, as long there is other ppl putting money in?
There is no “then it”. You invest $10,000 into Finiko, it’s stolen by people who invested before you.
You then steal from people who invest after you. This is how Ponzi schemes work, until they don’t.
Cmon guys, i think we dont need to do much talking here.
Just watch their webinars, it is so obvious this is a scam…
This method of investment is the same as when with bitcoin everyone said it was a scam, but (Ozedit: derails removed)
Bitcoin isn’t an MLM company advertising a 1% a day passive investment opportunity.
This is peak bottom of the barrel intelligence. And as tiring as it is I can’t expect anything less from the MLM crypto niche.
strange that you removed part of my comments but I do not let the system screw me up I make my own money and it all works by investing.
believe it or not I have achieved a lot with that I am living proof.
No it’s not strange. If you want to bullshit on about tHe EvIl BaNkS! etc. you can fuck right off.
What the banks are or aren’t has nothing to do with Finiko being a Ponzi scheme. Derails = bye.
Finally you’re not “making money” in Ponzi schemes like Finiko, you’re stealing from people. Own your thievery and garbage human being status.
Oz, do you think the recent rally in cryptocurrency prices could have kept Finiko alive longer than expected?
I estimated that some sort of exit scam would have happened already due to market saturation (shortage of potential victims)?
Ponzi go boom when new investment slows down or runs out.
Wasting time trying to speculate when this will happen without access to the backend is pointless.
Oz, What do you mean anonymous leader when it states who the CEO is? And they are proud of being ‘transparent’ with open AMA’s.
Yes a ponzi scheme is a scheme because it works. If everyone knew it, it wouldn’t be a ponzi lol. But don’t they show live ‘trades’ etc?
I thought maybe Finiko had updated their website. But no, you can visit it today and there’s still no company ownership information.
Until it doesn’t. See: every Ponzi scheme ever.
Live trades = meaningless and not a substitute for audited financial reports filed with regulators.
Try looking at the first sentence of the Terms of use:
thefiniko.com/documents/terms_of_use_v2.pdf
States that the company is Cyfron FNK LTD. But I’m honestly not sure how the company behind it matters? or is it just for passing if it’s backed by a legit company?
And yes Oz, it’s ponzi until it doesn’t – I’m sure if I put money in now with their Finiko Product line which you put in money and they give you double the money in 4 months; I will get that money but my question is where is that money coming from?
You’re saying that it’s the money of OTHER new investors. This for me raises a moral issue to even do it even if benefits me a little bit.
I’m just a bit confused because the friends who have recommended me this are good people and they work in finance (properly).
Is the scheme THAT good? Now I realize that the numbers they were showing on their own screen with insane amount of compound interest etc are all in the currency of CFR (means nothing.
I also want you to clarify what you mean by the ponzi scheme test: “they don’t need your money”.
Wouldn’t they still want people’s money to make the profit larger anyway and everyone gets a cut?
And? That’s a funny name for a company owner.
And that’s the end of that discussion. Stop making excuses for scams.
The words “Ponzi scheme test” don’t appear anywhere in this review or in the comments, up until your comment.
Why? At 1% a day compounded you could become the next Jeff Bezos in a relatively short amount of time.
Nobody in the finance world would be sharing that with anyone. Only in MLM Ponzi lala land.
The phrase was “Ponzi logic test,” and Oz stated it rather simply: if you can make big bucks in the market, you’ll keep your system secret and earn money with it.
Your notion of “everyone getting a cut” is 100 percent wrong. If you were to somehow come up with a sure-fire, can’t lose way to make 1% a day in the markets, the last thing you’d want to do is share it with anyone. Trading systems stop working when too many people jump on board.
In finance, they have a name for that: “Too many elbows on the table” (causing the table to tip over). You can’t have everyone making the same moves; for every seller there has to be a buyer, and vice-versa.
If you know the right moves, you need someone to make the opposite move so you win. That’s why successful money managers are loath to share their secrets.
These guys don’t have a system; they’re scammers. If they’re saying they want to “spread the wealth,” that’s just a cover story; a lie to suck in more victims. Don’t believe it.
So the way a company name sounds is your basis of wether it’s legitimate or not? Just trying to expand on your point here (not your adversary). ex) are you talking about there’s no tax or public records of Cyfron?
My fault mate, The phrase was, “This model fails the Ponzi logic test for obvious reasons. If Finiko’s Russian admins were capable of generating consistent 10% daily profits, they wouldn’t need your money.”
So Ponzi LOGIC test, not SCHEME test. Surprised you didn’t recognize where I’m trying to point here.
Did this article copy yours though? Seems pretty word to word but this one’s published in June: (Ozedit: stolen content link removed)
No I’m saying a shell company incorporated who knows where run by who knows who means nothing.
When I punch Cyfron into Google I get a bunch of Russian text. Russia + MLM investment company = scam.
And you’re still no closer to providing me the name of the Russian scammers behind Finiko.
I did and I addressed it.
Any time you see BehindMLM content uncredited elsewhere it’s plagiarized. I research and put together every review/article on BehindMLM from scratch.
There’s quite a few sites that copy the content here, images and all even.
Some don’t even bother to remove the BehindMLM branding or wording on text and images.
This detective is so dumb I just had a headache looking at such a terrible article. It’s thefiniko.com first of all, not finiko.ru.
Second, it is already April 20th and your “Update 4th April 2021 – Finiko’s CFR Ponzi points scheme has collapsed.” is not even valid. I just got my weekly 900$ from doing fuk all.
You mentioned so much useless stuff, I feel like crying. There is a limit to get a maximum of 5000$ a day from your investments, so it will only make you a maximum of 900,000$ a month if you maximized all the products.
Which make you hmmmm let me think not even 11,000,000$ a year…. This is will never make you Jeff Bezos, unless you math is fkd up.
But it will make you rich indeed. Now try to fckn build such a massive deposit to get so much money. Cheap ass like this guy would put 1000$ to expect a million $ in a month…. Nah, not gonna happen.
If you guys want to believe wanna be financial expert such as this individual, I feel bad for you wasted time reading this nonsense)))
Ah, I see Finiko has entered the “scraping the bottom of the barrel with investors who lack basic comprehension skills” phase.
Finiko started off as a Russian Ponzi scheme operating form the latter domain, as explained in the review.
When recruitment in Russia collapsed they onboarded dumbasses such yourself from elsewhere with the current domain.
For a time both domains worked, Finiko later disabled the Russian domain.
The Jeff Bezoz comparison (#26) was made with respect to Finiko’s owners. They don’t have to worry about arbitrary withdrawal limits put in place to restrict how much scammed investors can pull back.
Not as hard as you’ll cry when Finiko inevitably goes tits up with your money. Sorry for your loss.
It is funny how on their website on “contact us” page you can contact them via social media or telegram.
the middle button “we are in Toronto, partner office Canada” has no link to it lol.
Such a promising company does not have a head office? Oh no wait. It’s Covid so everyone works remotely through telegram hahahaha.
it’s really amazing for over a year they have been talking, finiko is a ponzi and breaks down.
now there is already an own broker, a token, there will be an exchaner and a credit card, all in June July, that is exactly a scam strategy.
Mathematically, however, it must have been broken for a long time, there are no 120,000 new fools that are needed to feed the system.
Trading accounts are with IC Market and Interactive Broker, they are large, reputable, well-known institutions.
Nah just the tokens. Finiko’s admins dump worthless DNK tokens on you and sorry for your loss.
But uh yeah, I’m sure your Ponzi will turn out totally different.
Once Ponzi admins start generating shit tokens out of thin air they stop paying out. It’s the well-documented shit token exit-scam that has played out time and time again.