ETFore operates in the cryptocurrency MLM niche.

On its website, ETFore claims “Christopher Valentini is the founder of ETFore Limited”.

As far as I can tell, ETFore’s Valentini doesn’t exist.

ETFore launched in early May and operates from two known website domains:

growetfore.company – privately registered on April 21st, 2023

etfore.com –  privately registered on March 31st, 2023

Despite existing for only a few months, on its .COM website ETFore falsely claims it “operates business from 2016”.

Further research reveals ETFore’s official marketing presentation was created by Kenneth Lacey.

On social media, Lacey pitches himself as a “socialist influencer” from Poland.

Lacey was also a “leader” in the Model Farming Ponzi scheme.

Launched in 2021,
Model Farming
collapsed in mid 2022.

On August 13th 2022, Lacey pitched a reboot going by MFL Mart.

Whatever MFL Mart was, it’s long gone too.

While Lacey appears to have just been a promotional leader in Model Farming, him putting together Etfore’s marketing material suggests deeper involvement.

In an attempt to appear legitimate, ETFore provides a bogus address in New York on its website (the postcode is Canadian).

ETFore also provides shell company incorporation certificates for Hong Kong and New York:

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

One last thing to note is ETFore might also have links to My BTC Mining:

My BTC Mining was a short-lived “staking” crypto Ponzi that collapsed in late 2022.

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.

ETFore’s Products

ETFore has no retailable products or services.

Affiliates are only able to market ETFore affiliate membership itself.

ETFore’s Compensation Plan

ETFore affiliates invest funds on the promise of an advertised passive ROI:

Bronze – invest $100 to $9999 and receive 1.5% a day for 150 days

Silver – invest $10,000 to $24,999 and receive 1.7% a day for 150 days

Gold – invest $25,000 to $49,999 and receive 2.15% a day for 135 days

Platinum – invest $50,000 to $99,999 and receive 2.5% a day for 135 days

The MLM side of ETFore pays on recruitment of affiliate investors.

Withdrawal Restrictions

In order to trap as much money in the system at any given time, ETFore heavily restricts withdrawals:

ROI withdrawals are permitted three times a month, on the 5th, 15th and 25th for 5 hours

MLM commission withdrawals are permitted every Friday for 3 hours

Note that ETFore charges a 7% fee on all withdrawal requests.

Referral Commissions

ETFore pays referral commissions on invested funds down three levels of recruitment (unilevel):

level 1 (personally recruited affiliates) – 7%

level 2 – 2%

level 3 – 1%

Residual Commissions

ETFore pays residual commissions via a binary compensation structure.

A bin

🤖 Quick Answer

What is ETFore and in which sector does it operate?
ETFore is a cryptocurrency-based multilevel marketing (MLM) platform that launched in early May 2023. It operates through two domains: growetfore.company and etfore.com, both privately registered in 2023. The company claims to be founded by Christopher Valentini and falsely states it has been operating since 2016.

Who is Kenneth Lacey and what is his connection to ETFore?
Kenneth Lacey created ETFore's official marketing presentation. On social media, he identifies as a socialist influencer from Poland. Lacey previously held a leadership position in the Model Farming scheme, a Ponzi structure that launched in 2021 and subsequently collapsed.

What false claims does ETFore make about its operational history?
Despite being established only months before, ETFore's website fals

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