The domain for CryptoFundz, crypofundz.com, was registered on May 15th, 2017, listing "Ann E Coleman" as the owner with a North Carolina address. No independent verification links Coleman to the operation.
Atif Sohail, based in Dubai, manages the official CryptoFundz Facebook group. Sohail's history includes involvement with MMM India, Worldwide Earning, Coin Leaders, and The Ads Team, all identified as Ponzi schemes. Sohail appears to be the operator of CryptoFundz, with the Ann Coleman registration likely a facade.
CryptoFundz offers no distinct products or services. Participants can only market CryptoFundz affiliate memberships.
The compensation plan centers on daily return on investment (ROI) promises. Affiliates can choose from four investment tiers. The lowest tier, $10 to $99, offers a 5% daily ROI for 30 days. A higher tier, $501 to $10,000, promises a 5% daily ROI over 40 days. The highest tier, $500 to $250,000, offers a 3.5% daily ROI for 30 days. Referral commissions are paid down four levels of recruitment. Level one recruits yield a 15% commission, with levels two through four providing 5% each.
Joining CryptoFundz requires an investment ranging from $10 to $250,000. Higher investments correlate with greater potential earnings according to the compensation structure.
CryptoFundz claims to generate daily ROIs through cryptocurrency trading. The site states, "We use Bitcoin investing and trading for the purpose of assisting our members with earning the maximum profits possible on the Bitcoin and Altcoin market." There is no evidence presented to support these trading claims.
The business model fails a basic logic test. If Atif Sohail could consistently generate daily ROIs of up to 5% (equaling 1825% annually without compounding), there would be no need to solicit funds from the general public. A $1,000 investment at 5% daily would yield $18,250 in a year, a substantially higher return than any legitimate trading operation typically achieves.
Given Sohail's past associations with known Ponzi schemes, the operational model strongly suggests that new investor funds are being used to pay earlier investors. This structure is the hallmark of a Ponzi scheme. The scheme will inevitably collapse when new member recruitment slows, leaving CryptoFundz unable to meet its promised payouts.