The Russian Central Bank has issued a pyramid fraud notice to Model Farming.
Model Farming displays “evidence of a financial pyramid,” according to the CBR’s April 20th warning.
The.COM and.LIFE variations of Model Farming’s website are mentioned in CBR’s warning.
Model Farming is an agricultural-themed Ponzi fraud, as reported on BehindMLM in September.
Model Farming receives funds with the promise of daily returns of up to 2.5 percent. The MLM part of Model Farming is a pyramid scam because nothing is promoted or sold to retail customers.
Traffic to Model Farming’s. COM website began to pick up again in early February after dropping shortly after our evaluation was released. The United States remains the largest source of traffic.
Model Farming is a type of farming.
The LIFE website went down in late January and is still down.
Another noteworthy development is that Model Farming looks to have devolved into a Boris CEO Ponzi scheme.
Model Farming uploaded “MEET THE BRAINS BEHIND MFL AND ITS COMMUNITY.” to their official YouTube channel on April 16th, maybe in preparation for the CBR’s fraud warning.
The video has a cast of actors with Central and South American accents, as far as I can tell.
Later in the film, Fivver-style videos from random people around the world provide quick 5 second PR remarks in a bid to pass itself off as a worldwide firm.
It’s worth noting that Model Farming’s official Facebook page is run from India.
Model Farming is not registered to provide securities in any jurisdiction, whether in Russia or anywhere else around the globe.
Securities fraud is committed by both the firm and its promoters all around the world.