Bring The Bacon Home launched last month and, after less than a month of operation, now appears to have run out of funds.

This has triggered a Ponzi collapse, with BTBH admin Sherilyn Chong confirming the news earlier today.

Sent out in an update to Bring The Bacon Home investors sometime over the last twenty-four hours, Chong (right) wrote

Hello Members,

This is a really important update, please read ALL of it.

I received an email about 2 days before I was back from my trip. It was a threat mail that went something along the lines of “You will be shut down… blah blah blah (lots of details about what he has done)”.

I honestly thought it was an empty threat, which is why I continued to pay out.

Who purportedly sent Chong the “threat mail” is unfortunately not clarified.

Anyhow, I received a call few days back checking on my “online business”.

I am asked to provide details, information and everything to justify that it is a legit business and everything.

Once again, who called Chong is not clarified. However the nature of the call suggests Chong might have been contacted by Singaporean regulators.

Business of this type is hardly seen in my country, so honestly, I am not sure how this will go, but advises from people is to close this while I still can, and do the necessary.

What with Bring the Bacon Home being
an obvious Ponzi scheme
, the move from Chong to shut it down might be too little too late.

Or, Chong might just be looking to string her investors along. Angry Ponzi investors tend to file chargebacks and contact government regulators.

The actual reason Chong is shutting down Bring The Bacon Home comes later in the update:

Sad to say, but we have already stalled. There are hardly new funds, hardly new packs sold, purchase wallets are low.

I have used my affiliate earnings to cycle an additional 3000 Level 1 positions. Whether you believe me or not, at this point of time, it honestly doesn’t matter anymore.

That can obviously only go on for so long without newly invested funds entering the scheme.

How much Chong allegedly pumped into the scheme out of her own winnings is unclear. Ditto the dollar amount of stolen investor funds she’s still sitting on.

I’ve already paid out more than 80% of the funds. PM withdrawals were slow because I had to keep getting funds exchanged as PM funds were low but the withdrawals were high.

I’m guessing most of them got the good positions. I don’t know, but that’s the truth. I’ve already sent out 80% of the funds.

Based on this information alone, you should know,
even if I don’t close this now, there is not much future.

Kaboom.

The confirmation that BTBH had run out of funds to pay out puts a serious question mark over Chong’s claims that a regulator has been in contact.

Partially refunding victims has no bearing on regulatory investigations, with Chong still likely to face criminal charges if regulators were indeed investigating.

Far more likely is that it’s a ruse to scapegoat the ine

🤖 Quick Answer

What is the Bring The Bacon Home scheme?
Bring The Bacon Home was a recently launched investment program that collapsed within a month of operation due to insufficient funds, triggering a Ponzi scheme collapse. Administrator Sherilyn Chong confirmed the collapse after reportedly receiving threatening communications, which she initially dismissed as empty threats before the funds became depleted.

Why did Bring The Bacon Home fail?
The scheme ran out of funds after less than a month of operation. Administrator Sherilyn Chong received a threatening email two days before returning from a trip, detailing alleged illegal activities. Despite considering it an empty threat and continuing payouts, the program ultimately lacked sufficient financial resources to sustain operations and investor withdrawals.

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