Harvest Finance fails to provide verifiable ownership or executive information on its website.

Harvest Finance’s website domain (“harvest-finance.io”), was privately in September 2023. The private registration was last updated on October 29th, 2024.

Harvest Finance is purportedly headed up by “Richard Green”:

Green doesn’t exist outside of Harvest Finance, making him a prime Boris CEO candidate.

The actor playing Green has a British accent. Most of Harvest Finance’s marketing featuring Green appears to be staged across south-east Asia. This suggests the actor playing Green is likely a British expat living in Asia.

Supporting this are curated Richard Green social media profiles created in 2024. Green’s video appearances also appear to be shot either from a mobile or laptop in front of a green screen.

As to who’s actually running Harvest Finance, typically Boris CEO MLM schemes are run by eastern European scammers (Russia, Ukraine and Belarus).

Another possibility when it comes to Boris CEO MLM schemes operating from Asia is Chinese scammers.

In an attempt to appear legitimate, Harvest Finance provides shell company certificates for the UK and Thailand.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

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.

Harvest Finance’s Products

Harvest Finance has no retailable products or services.

Affiliates are only able to market Harvest Finance affiliate membership itself.

Harvest Finance’s Compensation Plan

Harvest Finance affiliates invest tether (USDT) into “Harvest Finance Units” (HFU).

Harvest Finance offers four HFU investment plans:

  • Pharmaceutical 1 – invest 100 USDT or more and receive 12% a month capped at 200%
  • Medical Cannabis 1 – invest 100 USDT or more and receive 18% a month capped at 200%
  • Pharmaceutical 2 – invest 500 USDT or more and receive 15% a month capped at 300%
  • Medical Cannabis 2 – invest 500 USDT or more and receive 20% a month capped at 300%

Harvest Finance pays referral commissions on invested currency 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.

Harvest Finance caps payable unilevel team levels at seventeen.

Referral commissions are paid as a percentage of cryptocurrency invested across these seventeen levels based on how much an affiliate has invested:

  • invest 100 USDT and receive 8% on level 1 (personally recruited affiliates) and 4% on level 2
  • invest 500 USDT and receive 8% on level 1, 4% on level 2, 2% on level 3 and 1% on level 4
  • invest 1000 USDT and receive 8% on level 1, 4% on level 2, 2% on level 3 and 1% on levels 4 to 6
  • invest 2000 USDT and receive 8% on level 1, 4% on level 2, 2% on level 3 and 1% on levels 4 to 8
  • invest 4000 USDT and receive 8% on level 1, 4% on level 2, 2% on level 3, 1% on levels 4 to 8 and 0.5% on levels 9 and 10
  • invest 6000 USDT and receive 8% on level 1, 4% on level 2, 2% on level 3, 1% on levels 4 to 8 and 0.5% on levels 9 to 12
  • invest 8000 USDT and receive 8% on level 1, 4% on level 2, 2% on level 3, 1% on levels 4 to 8, 0.5% on levels 9 to 12 and 0.2% on levels 13 and 14
  • invest 10,000 USDT and receive 8% on level 1, 4% on level 2, 2% on level 3, 1% on levels 4 to 8, 0.5% on levels 9 to 12 and 0.2% on levels 13 to 17

Joining Harvest Finance

Harvest Finance affiliate membership is free.

Full participation in the attached income opportunity requires a minimum 100 USDT investment.

Harvest Finance Conclusion

Harvest Finance presents as your typical Boris CEO MLM crypto Ponzi.

Somewhat helpfully, Harvest Finance provides us with a template to determine whether or not it’s a scam:

The “key signs” Harvest Finance provides are what we are going to focus on;

Returns of >30% per month

There is of course no rule with respect to 30% and scams. Rather, Harvest Finance has chosen a number higher than their own offered 20% a month.

Whether a scam offers 10%, 20%, 30% or more a month isn’t what makes it a scam.

The company has been operating for less than a year

While a new company making exaggerated marketing claims is a red flag, again it’s not necessarily indicative of a scam.

Aggressive marketing, including on YouTube, Telegram, and from “experts” with no name or reputation

I don’t know about aggressive but Harvest Finance is active on YouTube and Telegram. And on Harvest Finance’s website you’ll find plenty of people nobody has heard of:

Suspiciously large advertising budgets – flashy promo activity without any proven business reputation or results

Harvest Finance has no proven business reputation or results, so any marketing on their behalf is a red flag.

No production facilities or confirmed business operations – you can’t see what your money is actually going into

Harvest Finance fails to provide consumers with audited financial reports filed with regulators. This is not only a legal requirement, without which Harvest Finance is operating illegally, but it also the only way for consumers to verify the company’s marketing claims.

Lack of financial reporting and transparency – no clarity on who manages the funds or how profits are generated

Again, Harvest Finance does not provide consumers with legally required audited financial reports filed with regulators.

There is no transparency or way for consumers to verify who manages invested funds or how profits are generated.

By its own admission, Harvest Finance has enough “key signs” for consumers to “spot a scam before it’s too late”.

Back to our more typical analysis, Harvest Finance claims to generate external revenue through the pharmaceutical industry…

…and medical cannabis:

These marketing claims within the context of Harvest Finance’s investment scheme fail the Ponzi logic test.

If Harvest Finance already has business operations generating up to 20% a month, what do they need your money for?

As it stands, the only verifiable source of revenue entering Harvest Finance is new investment.

Using new investment to pay ROI withdrawals would make Harvest Finance a Ponzi scheme. With nothing marketed or sold to retail investors, the MLM side of Harvest Finance operates as a pyramid scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve Harvest Finance of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.