BeFargo provide no information on their website about who owns or runs the business.

The BeFargo website domain (“befargo.com”) was privately registered on September 4th, 2016.

Much is made of BeFargo being a purported US company in affiliate marketing material, however the BeFargo website Terms and Conditions states:

For all legal purposes, these Terms of Use shall be governed by the laws applicable in the UK. You agree and hereby submit to the exclusive personal jurisdiction and venue of the UK for the resolution of any disputes arising from these Terms of Use.

Most of the BeFargo affiliate marketing material I came across was in Russian.

The main speaker at BeFargo’s California event was some guy who goes by Robert Steenburgh.

Steenburgh (right) was presented as a “cryptocurrency expert” and spoke at length about the proof of stake model FargoCoin is based on.

The man hosting the event was Koryaka Eli who, at least going by his accent, appears to be European.

The only other speaker name-tags I was able to ascertain were James Booze and Joe Reyes. I wasn’t able to find any footage of them speaking though so I’m not sure what his relationship to BeFargo is.

Outside of the BeFargo event, I was unable to find any information on Steenburgh, Eli, Booze or Reyes. This is highly suspicious.

Whether BeFargo is being run by Russians or someone in the US remains unclear.

As always, if an 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.

BeFargo Products

BeFargo has no retailable products or services, with affiliates only able to market BeFargo affiliate membership itself.

Once signed up, BeFargo affiliates can invest in one of seven offered affiliate packages.

These packages are bundled with “tokens”, which can be converted to FargoCoin through FargoBase, an internal exchange run by BeFargo.

FargoCoin is a “proof of stake” cryptocurrency that is publicly tradeable. CoinMarketCap currently cite a value of $6.53 per FargoCoin.

BeFargo charge affiliates a ‘0.2% – 1%. fee on every transaction performed by all users’ of the FargoBase exchange.

The BeFargo Compensation Plan

BeFargo affiliates invest in FargoCoins and are paid to recruit others who do the same.

Investment is made in FargoCoins itself, through one of seven offered affiliate packages:

Silver – invest 10 FargoCoins and receive 100 tokens

Gold – invest 40 FargoCoins and receive 400 tokens

Diamond – invest 100 FargoCoins and receive 1000 tokens

Platinum – invest 200 FargoCoins and receive 2000 tokens

Titanium – invest 400 FargoCoins and receive 4000 tokens

VIP – invest 1000 FargoCoins and receive 10,000 tokens

Trader – invest 3000 FargoCoins and receive 30,000 tokens

Tokens are converted to FargoCoins through BeFargo itself.

BeFargo Affiliate Ranks

There are eight affiliate ranks within the BeFargo compensation plan.

Along with their respective qualification criteria, they are as follows:

🤖 Quick Answer

Who owns and operates BeFargo?
BeFargo provides no public information about its ownership or management on its website. The domain was privately registered in September 2016. Robert Steenburgh was a main speaker at BeFargo's California events and was presented as a cryptocurrency expert, though full ownership details remain undisclosed.

What jurisdiction does BeFargo operate under?
Despite marketing itself as a US-based company, BeFargo's Terms and Conditions explicitly state that all legal matters are governed by UK law and disputes are resolved through UK jurisdiction, indicating a discrepancy between marketing claims and actual operational structure.

In which languages was BeFargo's marketing primarily conducted?
Most BeFargo affiliate marketing materials encountered were in Russian, suggesting a primary target audience in Russian-speaking regions despite the company's purported US location and UK legal jurisdiction claims.

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