Forcount Review: Ponzi Scheme started after Cointherum collapsed

Forcount is started right after Cointherum, a Ponzi Scheme started by Francis Silvia. Francis Silvia is seen marketing Forcount as well which makes these two companies connected and Forcount, a risky choice for investment.
Forcount Review: Ponzi Scheme started after Cointherum collapsed
4.2 (84%) 10 votes

Forcount’s website has no details of the owners of the company. The domain (forcount.com) that was registered on 7th July 2017 has been done privately, leaving no scope to find the name of the owner of the domain.

However, Francis Silva has been seen marketing Forcount affiliate program who the owner of Cointherum. It is believed that the Francis started Forcount after Cointherum collapsed as per ponzi scheme fate.

This strongly indicates that Francis Silvia is the mind behind both these companies. This makes Forcount even more susceptible to meet the similar fate as Cointherum.

The company has no products are services that can be retailed apart from the affiliate program that it offers. To join the affiliate program, one must invest at least 0.1 ETH or LTC. For joining the MLM program, the minimum investment is tied to 0.25 ETH or LTC.

There is a monthly fee attached to the investments as $25 and $50 depending on the investment made.

As I have always stated, if a company is not transparent, it cannot be trusted with our hard-earned money. So, I consider Forcount as a risky investment.

Forcount – The Compensation Plan

The affiliates are paid daily ROI ranging from 0.01% to 3% for an investment of 0.1 ETH or LTC or more. Apart from this, a referral commission of 5% is paid to those who invest 0.25 ETH or LTC. This referral commission increases to 10% if the investment is 20 ETH or LTC or more.

Forcount – The Residual Commission

Forcount uses binary compensation structure to pay residual commission to its affiliates. In a binary structure, an affiliate is placed on the top and the subsequent affiliates are placed on right and left side of the top affiliate, making a total of 2 affiliates on the level 1. Similarly, each affiliate on level 1 has two more affiliates as right and left side. So, there is a total of 4 affiliates on level 2 and so on.

At the end of each day, the volumes on both sides are taken into account and the weaker side is considered for the residual commission. The percentage of funds invested by the new affiliates on the weaker side is used to pay the commission to the affiliate. The commission depends on the invested value of the affiliate.

For investment in ETH

  • Plan 1: You must invest 0.25 ETH for receiving 5% residual commission rate
  • Plan 2: You must invest 0.5 – 1 ETH for receiving 8% residual commission rate
  • Plan 3: You must invest 2 ETH for receiving 9% residual commission rate
  • Plan 4: You must invest 5 ETH for receiving 10% residual commission rate
  • Plan 5: You must invest 10 ETH for receiving 11% residual commission rate
  • Plan 6: You must invest 10 to 30 ETH for receiving 12% residual commission rate
  • Plan 7: You must invest 50 ETH for receiving 13% residual commission rate
  • Plan 8: You must invest 100 ETH for receiving 15% residual commission rate

For investment made in LTC

  • Plan 1: You must invest 0.25 LTC for receiving 5% residual commission rate
  • Plan 2: You must invest 0.5 – 1 LTC for receiving 8% residual commission rate
  • Plan 3: You must invest 2 LTC for receiving 9% residual commission rate
  • Plan 4: You must invest 5 LTC for receiving 10% residual commission rate
  • Plan 5: You must invest 10 LTC for receiving 11% residual commission rate
  • Plan 6: You must invest 20 – 40 LTC for receiving 12% residual commission rate
  • Plan 7: You must invest 50 LTC for receiving 13% residual commission rate
  • Plan 8: You must invest 100 LTC for receiving 15% residual commission rate
  • Plan 9: You must invest 300 LTC for receiving 16% residual commission rate
  • Plan 10: You must invest 500 LTC for receiving 17% residual commission rate

Forcount – The Recruitment Commission

The company uses uni-level structure for paying recruitment commission to its affiliates as follow:

  • Plan 1: Affiliates paying $25 monthly fee earns $1 for each affiliate recruited.
  • Plan 2: Affiliates paying $50 monthly fee earns $2 for each affiliate recruited.

Forcount – Rank Achievement Bonus

There is the rank achievement bonus plans as follow:

  • Sapphire – One must encourage (ETH or LTC) investment across one’s binary team for receiving $200 bonus
  • Ruby – One must encourage 150 (ETH or LTC) investment across one’s binary team as well as recruit at least two Sapphires for receiving $500 bonus
  • Emerald – One must encourage 500 (ETH or LTC) investment across one’s binary team as well as recruit at least two Rubies for receiving Macbook Pro laptop
  • Diamond – One must encourage 2000 (ETH or LTC) investment across one’s binary team as well as recruit at least two Sapphires for receiving an all-expenses-paid trip to Greece
  • Golden Diamond – One must encourage 5000 (ETH or LTC) investment across one’s binary team as well as recruit at least two Diamonds for receiving an all-expenses trip to Dubai
  • Platinum Diamond – One must encourage 20,000 (ETH or LTC) investment across one’s binary team as well as recruit at least one Diamond for receiving a Rolex watch
  • Blue Diamond – One must encourage 50,000 (ETH or LTC) investment across one’s binary team as well as recruit at least one Platinum Diamond for receiving a Ferrari car or $200,000
  • Black Diamond – One must encourage 100,000 (ETH or LTC) investment across one’s binary team as well as recruit at least two Platinum Diamonds for receiving a mansion or $500,000

Forcount – Reviews from around the world

Jake: Nothing new. Waste of time and money.

Ruden: Another ponzi scam surfacing. If you are wise enough, you won’t invest in this coin.

The conclusion from the above Reviews

As you can see, people are aware of the way this platform is growing. It is no different from many other Ponzi schemes claiming to be a prominent and future paying investment.

The Verdict

The company first started with Ethereum investment and as the investment was drying, the company added Litecoin to continue its processes.

Forcount claims to be involved in cryptocurrency trading for generating ROI. However, there is no evidence to prove that claim.

The funds invested by new affiliates are used to pay the existing affiliates. This makes this entire program, a Ponzi Scheme.

As soon as the new recruitment would die, the ROI will stop as well. The admins will run away leaving the majority of affiliates in the loss. Hence, it would be wiser to stay away from Forcount.

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