TFVPM, a purported private equity firm based in San Francisco, California, has been making waves in the investment world.
However, a closer look reveals a disturbing truth – TFVPM is nothing more than a scam, operating under the guise of a click-a-button app Ponzi scheme.
In this investigative article, we will delve into the deceptive practices of TFVPM, exposing the lack of transparency and the devastating consequences for unsuspecting investors.
TFVPM claims to be a private equity firm specializing in growth-stage investments through buyouts. However, a comprehensive analysis of the company’s website raises several red flags.
Firstly, TFVPM fails to provide any ownership or executive information, concealing the identities of those running the operation. Additionally, the domain registration details of their website, “tfvpm1.com,” were found to be fraudulent.
Further investigation reveals that TFVPM’s website runs on Meiqia software, a Chinese company based in Beijing. This connection suggests a potential link between TFVPM and China. Additionally, TFVPM’s website domain was registered through Alibaba (Singapore), further reinforcing suspicions of its ties to China.
While TFVPM presents itself as a legitimate investment opportunity, a closer examination of its offerings uncovers a lack of tangible products or services. Affiliates are only able to market TFVPM affiliate membership itself, raising questions about the legitimacy of the company’s operations.
TFVPM’s compensation plan centers around investments made in tether (USDT), promising lucrative returns. However, these returns are nothing more than empty promises. The various investment plans, such as the Falcon Plan, Open Strategy Bill, Encrypted Quantum Hedge Fund, and others, offer enticing returns over specific timeframes. But in reality, these returns are merely a facade, created to lure in unsuspecting investors.
TFVPM pays referral commissions down three levels of recruitment, following a typical unilevel structure. While this may seem like a legitimate way to earn additional income, it is merely a mechanism to attract more investors into the scheme. The funds generated from new investments are used to pay earlier investors, creating the illusion of profitable returns. However, this unsustainable model inevitably leads to the collapse of the scheme, leaving the majority of investors with significant losses.
TFVPM attempts to legitimize its operations by claiming to have an SEC license. However, a search in the SEC’s Edgar database reveals that TFVPM is not registered with the regulatory authority. This blatant misrepresentation further highlights the deceptive nature of the company.
TFVPM’s Disappearance and the Fallout
TFVPM is part of a group of click-a-button app Ponzis that emerged in late 2021. These schemes, including Hrai and Aeonit, rely on the false promise of quantitative trading through the simple action of clicking a button. TFVPM follows a similar pattern, claiming that clicking a button within their app generates revenue through quantitative trading, which is then shared with affiliate investors. However, this claim is baseless, as clicking a button in an app does not trigger quantitative trading.
These click-a-button app Ponzis typically collapse without warning, disabling their websites and apps, leaving investors with substantial losses.
The lack of regulation or the presence of poor regulation is a huge red flag. It means TFVPM is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of TFVPM, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
TFVPM accepts investments in tether (USDT), a popular cryptocurrency pegged to the value of the US dollar. This choice of payment method aligns with the company’s attempt to appear modern and technologically advanced. However, it is essential to note that the acceptance of cryptocurrencies does not legitimize TFVPM’s operations or make it a trustworthy investment opportunity.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Given the fraudulent nature of TFVPM’s operations, it is evident that the company does not handle complaints well. With no legitimate channels for recourse or resolution, investors who have fallen victim to TFVPM’s scam are left with little to no options for recovering their funds. The lack of transparency and the absence of a regulatory framework further exacerbate the challenges faced by those affected.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
Given the fraudulent nature of TFVPM, it is challenging to find genuine customer reviews or testimonials. However, various online forums and review platforms have raised concerns about the legitimacy of TFVPM’s operations. These reviews serve as a warning to potential investors, urging them to steer clear of this scam and protect their hard-earned money.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like TFVPM tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust TFVPM reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of TFVPM, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like TFVPM enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “TFVPM reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising TFVPM.
You should always look out for consumer complaints. In the case of TFVPM, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about TFVPM? You can share your complaint in the comment section or submit an anonymous tip.
TFVPM is nothing more than a click-a-button app Ponzi scheme designed to deceive unsuspecting investors. The lack of transparency, false promises of lucrative returns, and the absence of regulatory oversight make TFVPM a dangerous and fraudulent operation. As vigilant investors, it is our responsibility to exercise caution and skepticism, thoroughly researching and verifying any investment opportunity before committing our funds. By staying informed and alert, we can protect ourselves and others from falling victim to scams like TFVPM.
TFVPM is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind TFVPM can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust TFVPM?
All the evidence suggests that TFVPM is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Is TFVPM a scam?
Can I withdraw money from TFVPM?
Where is TFVPM Located?
How do I get my money back from TFVPM?
Launch a website/app with a generic name
A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.
Pay influencers & social media pages to promote the scheme
By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.
Send thousands of emails and make cold calls to potential victims
It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.
Make victims feel safe through “small wins”
Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.
Convince victims into investing large sums of money
Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.
Disable withdrawals & take down the website/app
Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.
Repeat the cycle
After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.