202020Fund Review: Already-collapsed Ponzi Faces Scrutiny
The 202020Fund was founded with a vision of supporting the tech and space industries with the support of investors and traders. However, the platform has faced scrutiny.
The initial version of this was hosted on “202020fund.com” but collapsed within a few weeks.
This revelation occurred during a Q3 2023 review when the discoverer observed the disappearance of 202020Fund’s initial website. Subsequently, the fund resurfaced on a new domain, “202020fund.net.
The original .COM domain, registered privately on August 5th, 2023, was succeeded by the privately registered .NET domain on October 7th, 2023.
Despite proclaiming “over 10 years of experience in the financial world” on its website, 202020Fund’s tenure was notably short-lived, and crucially, it lacks disclosed ownership or executive details.
Before joining or investing in an MLM company, carefully consider their transparency regarding ownership. If details about the leadership are unclear, it’s wise to think twice before getting involved or contributing funds.
Table of Contents
Products
The 202020Fund lacks sellable products or services. Affiliates can only promote the membership, with no additional offerings.
Compensation Plan
It’s affiliates invest in cryptocurrency with USD equivalents, enticed by promised returns:
- Saver’s Fund: Invest $20 to $1999, get 1% daily for 20 days.
- Grower’s Fund: Invest $2000 to $24,999, receive 1.1% daily for 20 days.
- Entrepreneur’s Fund: Invest $25,000 to $99,999, enjoy 1.2% daily for 20 days.
- Enterprise Fund: Invest $100,000 to $1,000,000, earn 1.3% daily for 20 days.
Additionally, 202020Fund provides referral commissions using a unilevel compensation structure. In this structure, affiliates are positioned at the top, and every personally recruited affiliate is placed directly under them on level 1.
When level 1 affiliates bring in new members, they join level 2 on the original affiliate’s unilevel team. This pattern continues, extending theoretically to an infinite number of levels.
The 202020Fund limits payable unilevel team levels to twenty. Referral commissions, based on the funds invested, are distributed across these levels:
Level 1 (affiliates personally recruited): 5%
Levels 2 to 5: 1%
Levels 6 to 10: 0.5%
Levels 11 to 20: 0.25%
Joining 202020Fund
Join it for free affiliate membership. Unlock income opportunities with a minimum $20 investment. Explore diverse cryptocurrency investment options.
What is the experience of people who have invested in 202020fund
People who invested in it shared their experiences in a YouTube video. The Chief Marketing Officer (CMO) claims a 5K account with a monthly goal of 25%. However, this alone doesn’t give a clear picture of investors’ overall satisfaction.
Scamdoc assigned a moderate trust score of 59% to 202020Fund.net.com, indicating potential negative reviews or concerns. According to BehindMLM, the site, identified as a collapsed Ponzi scheme, has undergone a reboot. This suggests investors might have faced losses due to the scheme’s collapse.
Conclusion
It claims to generate external revenue through AI trading. However, there’s no proof of 202020Fund fulfilling withdrawals using any external income.
On the regulatory side, 202020Fund discloses details of a UK shell company. Notably, the FCA banned MLM cryptocurrency investment schemes in October 2023. This suggests that if we take 202020Fund’s UK shell company at face value, it’s operating unlawfully.
Beyond operating illegally in the UK, it lacks evidence of registration with financial regulators. Engaging in securities fraud is against the law in the UK and any country with regulated financial markets.
Presently, the sole identifiable source of revenue for 202020Fund comes from new investments. If these funds are used to meet withdrawal demands, it fits the definition of a Ponzi scheme.
Similar to other MLM Ponzi setups, when the recruitment of affiliates slows down, so does the influx of new investments. This scenario leads to a lack of ROI revenue, inevitably triggering a collapse.
The mechanics of Ponzi schemes ensure that when they crumble, a majority of participants suffer financial losses.