Moore Fund Review: $15-$99,999 bogus property investment
There is no information on the Moore Fund website indicating who owns or runs the business.
Provided on the Moore Fund website is a certificate of incorporation for “Moore Property Investment Co Limited”. The certificate was issued by the Companies House in the UK back 1993.
A UK Certificate of Incorporation costs £15.
Whether or not Moore Property Investment Co Limited has anything to do with Moore Fund is unclear. What is clear however is that Moore Fund was only launched recently.
The Moore Fund website domain was registered on the 29th of September 2014. Listed as the domain owner is a “Rob Moore”, with an address in Lancashire in the UK also provided.
A YouTube channel named “Rob Moore” was registered on January 11th 2015 to promote Moore Fund, but other than that Rob Moore, as represented in the Moore Fund domain registration, doesn’t appear to exist.
Alexa traffic estimates show an uptick of activity in January 2015, which syncs with affiliate promotion of the company.
This all indicates that Moore Fund was only launched recently.
Casting further doubt on the authenticity of the company is the fact that Alexa lists the top five countries providing visitors to the Moore Fund website are Saudi Arabia, Ukraine, Russia, India and Pakistan.
India in particular stands out, as a UK company registration is a favorite among scammers of Indian origin.
What is clear is that there’s little to no activity surrounding Moore Fund taking place in the UK. As such, it would appear Moore Fund exists in the UK in name only.
Reading between the lines, I’d suggest Moore Property Investment Co Limited might be a real company but that Moore Fund has nothing to do with it.
There is no provided correlation between property investment and the Moore Fund MLM business opportunity, ditto how Moore Property Investment Co might fit into the Moore Fund business model.
Whoever is actually running it has likely just “borrowed” the company’s registration certificate, registered a domain using the “Moore” name and operate independently.
As always, if a 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.
The Moore Fund Product Line
Moore Fund has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
The Moore Fund Compensation Plan
The Moore Fund compensation plan revolves around affiliates investing between $15 to $99,999 in “investment plans”. Advertised ROIs on the Moore Fund website range between 190% and 1195%.
How much of a ROI is paid out depends on how much a Moore Fund affiliate invests and which plan they opt to invest in:
- Beginner ($15-$50,000) – 190% ROI over 60 days
- Pro ($15-$50,000) – 903% ROI over 365 days
- Premier ($1000-$50,000) – 1049% ROI over 365 days
- Elite ($5000-$99,999) – 1195% ROI over 365 days
Referral commissions are offered on investments made by personally recruited affiliates, payable down three levels of recruitment:
- Beginner to Premier level investments – 10% on level 1, 3% on level 2 and 1% on level 3
- Elite level investments – 15% on level 1, 6% on level 2 and 1% on level 3
Joining Moore Fund
Affiliate membership with Moore Fund is free, however affiliates must invest between $15 to $99,999 to participate in the company’s compensation plan.
As such, the defacto minimum affiliate cost to join Moore Fund is $15. Additional initial investment will add to this cost.
Conclusion
Under the guise of functions as some sort of property investment firm, Moore Fund simply take new affiliate investment and use it to pay off existing investors.
Nothing is being sold or marketed to anyone (not even affiliates), with Moore Fund operating a simply Ponzi investment scheme.
Affiliates invest between $15-$99,999 on the promise of advertised ROIs of up to 1195%.
As long as new investors continue to jump on board and invest, Moore Fund will be able to pay its advertised ROIs.
Once new investment dries up, as it inevitably does in any Ponzi scheme, Moore Fund will struggle to keep up with its ever-growing ROI liabilities.
A review of Moore Fund’s withdrawal policy suggests they expect this to happen roughly two months from the date of launch:
Can I cancel my investment or withdraw principal anytime?
Yes, Anytime. You just have to contact the support department and ask for cancelling your investment.
There is a 50% withdrawal fee in case of requesting withdraw within 15 days of investment. 25% fee within 30 days of investment and no 10% withdrawal fee within 60 days of withdrawal.
No fee for principal investment withdraw if you ask it after 60 days of investment.
The idea is to keep funds trapped in the system for at least two months, after which actual withdraws will be requested by affiliates.
Two scenarios will play out at that point. Either the anonymous owner(s) of Moore Fund will just up and run with everyone’s money, or they’ll honor some initial withdrawal requests in the hope this will attract new investors.
They’ll probably then give it a few weeks and if new investment funds don’t pick up, do a runner.
At that point, anyone with funds still trapped in the system (likely to be the majority of investors if withdrawals are stalled or kept pending), loses out.
Alexa traffic estimates to the Moore Fund website indicate that interest in the scheme is already on the decline, one month out of launch.
I’d be very surprised if the scheme makes it to the three-month mark without collapsing first.
Moor Property’s head is “Paul Steven Moore”. No idea who is “Rob Moore”
Using who.is I got an email address under Raw DNS records RNAME goes to
JOYNALKD AT gmail.com
RNAME should have been a webmaster for the zone.
Searching for this address revealed same email address is also listed as RNAME BitExminer.com which goes to a Buffalo, NY domain.
Cannot find any other instance of this JOYNALKD
Something’s fishy about this one. But then, the fact that it’s listed on all the HYIP monitors would make it fishy. I’d say this one’s got a bit more spit and polish to it. Odd.
I think you made a typo as this date hasn’t happened yet.
@Joe
Oops, thanks for picking that up.
Wonder if this equals “rob more” and is a taunt.
PPBlog
Good ol rob moore, perfect name for a scam that will rob more from people.
Watch out Dr lieven another known serial scammer is pimping this and possibly could own it.
I cannot see this working out in the long run because I think there will be far to many people who would be far to suspicious to want to join with there over exaggerated and too good to be true return on investment claims.
I tested it out on a friend and said I saw a website who claimed if you invest $15 they would return $40,000 within a year and he just laughed and said “yes of course you will have that kind of return on that investment”.
Also I am sure there will be quite a lot of people having the same kind of reaction as he did.
I did a calculation on their website and they claim with a $50,000 investment will return over 140,000,000. Sorry but I cannot see it some how.
If you look at there accounts you will see they have only ever filed small company accounts and they claim they can pay you over $140,000,000. If so why have they only ever been a small company? If this was a bank making theses claims they would be investigated and with the high risk of being closed down.
Also the telephone number I called never answers and has an International ringtone to it when I called it from the UK where the company is meant to be based.
What amazes me is they have managed to have Paypal as a processor to fund and withdraw with. Can anyone explain how they managed that one as I thought they had very strict compliants in place and should have spotted this unlikely company claims?
these kinds of schemes, tie up with processors like paypal, by providing falsified information.
paypal must have millions of merchants using it’s services, it takes them time to notice suspicious transactions. by the time paypal may notice, such schemes have mostly failed due to lack of fresh investors, and the owners have run away with the money.
of course, if such a scheme runs for a longer period, it is highly possible paypal, will notice them, will block their accounts.
these schemes pop up, almost on a daily basis. there is only so much regulators or processors can keep up with!
If people report their paypal account, it’ll get closed down.
The other payment processors exist BECAUSE paypal doesn’t allow money games.
The Moore Fund discourages Paypal use by only raising the minimum deposit to 2300. Thus they attract more smaller deposits by other means as they use Paypal to affront legitimacy.
The game really doesn’t stop, does it? Life tells you at every turn: “Step ya game up, country nigga.”
Yes this moore fund is a scam.
Just to get the name of the guy owning the skrill account related to moore fund I have send him 1 USD. His name by surprise is an Indian name.
This company is run by an indian group of scamsters.
Well it looks like Moore Fund has run off with most of the investors money because they have been flagged up by HYIP monitoring companies as a scam. Well no shock horror just like I thought they would.
Another thought before investing into HYIP companies is to look at them with a realistic view point and do not become drawn in by their crazy world of mad investment return claims or better still, just play it safe and avoid investing in them altogether.
I will leave you all with this thought…. Arnold Schwarzenegger is worth $300 million and do you think a $50,000 investment in a company which has only filed small company accounts would bring you in one year a small fortune of $140 million, almost have of Arnold Schwarzenegger net worth?
I think you would agree with me with a big NO.
I’ve been trying to take out my money for months but every time I go into the site it states that there is a withdrawal maintenance will be back up shortly.
I have sent in 3 ‘tickets’. First one was to see about the so called maintenance, the second was to check on status and guess what???
No ticket# was given out to check back with it so I sent another ticket and guess what? NO ticket # to check status so I sent a 3rd one to tell them so.
Guess I won’t be getting any of my money back.
Have been trying to withdraw the principal amount 3 times, no luck.
Now,cannot even access the website, the Connection is Untrusted and site cannot be verified.
Wonder how many of us around the globe are in this situation.
The “usual suspect” HYIP ponzi forums have moved it to their “closed, inactive, and offline programs.” section, so, it’s safe to assume upward of 90% of participants are in the same boat as you
The Moore Fund site is using an invalid security certificate.
The certificate expired on 18/November /2015