Fondo Angel Review: App Ponzi targeting Peru
Fondo Angel (Angel Fund), provides no information about who owns or runs the company on its website.
Fondo Angel’s website domain (“fondoangel.co”), was privately registered on May 23rd, 2022.
Fondo Angel specifically targets Peru through us of the Peruvian SOL.
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.
Fondo Angel’s Products
Fondo Angel has no retailable products or services.
Affiliates are only able to market Fondo Angel affiliate membership itself.
Fondo Angel’s Compensation Plan
Fondo Angel affiliates invest 50 SOL or more on the promise of advertised returns:
- Fondo Clase A – receive 109% back after 3 days
- Fondo Clase B – receive 121% back after 7 days
- Fondo Clase C – receive 145% back after 15 days
- Fondo Clase D – receive 175% back after 25 days
- Fondo Clase E – receive 190% back after 30 days
- Fondo Clase H – receive 220% back after 40 days
Note that Fondo Angel charges a 10% withdrawal fee.
Fondo Angel pays referral commissions on invested SOL down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
- level 3 – 1%
Joining Fondo Angel
Fondo Angel affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 50 SOL investment.
Note that in addition to SOL, Fondo Angel also solicits investment in tether (USDT) equivalents.
Fondo Angel Conclusion
Fondo Angel’s Ponzi scheme targets Peru through an app.
I’m not yet sure if this is a variation of the Chinese “click a button” Ponzis going around, or whether it’s just a one-off. I guess we’ll have to wait and see.
In any event, Fondo Angel affiliates sign up by handing over mobile credentials on Fondo Angel’s website.
They then download an app, invest and hope there’s enough money left to steal when it’s time to withdraw.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Fondo Angel of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 24th July 2022 – Fondo Angel has collapsed.
As at the time of this update, the Ponzi scheme’s website is no longer accessible.