Beware! "BS Finance" is not a genuine business which means BSFinance is a scam, not a trustworthy one. Now, this statement may surprise you since you have seen it has provided the legal registration document and has also provided the payment proofs. Well, don't fall for that.
Through this BSFinance review, we are going to explain to you why is a BSFinance.biz scam and what is BSFinance.biz in real. So, if you were searching for the BSFinance reviews to find out its reality, then your search ends here. Ok, let's begin with our BS Finance review.
Aforementioned, we already made you clear that BSFinance (BSFinance Limited) is a scam. Now you may want to know why is a BS Finance scam, right? Well, BS Finance is a scam because it is a Ponzi scheme. So, now let's find out why is BSFinance a Ponzi scheme.
BSFinance is a Ponzi scheme because it claims to pay a high amount of profit, such as 3.5% profit daily for 55 days, on the investment amount of members and it claims it can generate enough amount of revenue to pay such high rate of return by using the money of members in Forex and Cryptocurrency market. However, this is a bogus claim because none of the experts in the Forex and Cryptocurrency market can guarantee such an amount of return, this is practically not possible. On top of that, BSFinance fails to provide proof of its investment in the so-called Forex and Cryptocurrency market.
On the other hand, none of the legit companies will collect the money from several people by paying them a 3.5% profit daily for 55 days, instead, they will take a loan from a bank if they need to raise a fund to invest in their project at much more lower rate, less than 1% monthly. If they can't take a business loan, there is an option for the personal loan as well as for the credit card limit. So, why would any company like to pay 3.5% profit daily to raise a fund instead of paying 1% monthly? So, the business model of Ponzi schemes like BSFinance doesn't make any sense and prove themselves to be a Ponzi scheme.
BSFinance has provided the registered document in the name of BSFinance Limited registered from the UK Companies House but that is not the proof of legitimacy because anyone can provide fake information to register a company in the UK Companies House. If you want to find out how the scam companies have registered from the UK Companies House, then you can click HERE<.
Ponzi schemes only pay few members at starting by routing the money between the members so that they can lure more people into their scam by showing those payment proofs and collect the huge amount of money and run away with that. So, don't fall into those payment proofs. In the end, the majority of members will lose money in a Ponzi scheme.
Actually, these kinds of Ponzi schemes are not a new thing. In the past, 1000s of Ponzi schemes have already scammed the millions of money from various people. Some of them even get caught by the legal authorities. Involving in these kinds of companies is a crime and legal authorities have already warned people not to join these kinds of companies. The recent examples of Ponzi schemes are LinkIncome, CryptoBull, Ferdinand.Capital, TessLine, BTCFury, GoldenHanoi, Quadrolate and so on.
If you want to find out more details on how the Ponzi schemes are operated, then you can find the details by clicking this link:- newsonlineincome.com/ponzi-scheme/
Aforementioned, it is clear that BSFinance.biz is a scam. So, we have listed it in our Bad and Scams category.
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