The U Farm website lacks transparency on its ownership and executive team, which is a matter of concern. The website “co-ufarm.com” was registered privately on February 20th, 2023, which further conceals the origins of the website.
Upon scrutinizing the website’s source code, it was discovered that there are Chinese language features, suggesting a possible affiliation with China. The lack of clarity regarding the leadership and domain registration of U Farm raises concerns regarding the validity and responsibility of the organization.
These observations indicate that U Farm’s operations and relationships lack transparency. Potential users and individuals interested in U Farm are recommended to exercise prudence and carry out a comprehensive investigation before interacting with the platform, due to the uncertainties around its ownership and the inconclusive information provided on its website.
Thus, It is an undeniable truth that if an MLM organization does not openly disclose the identities of its leaders or owners, it is prudent to carefully consider before becoming a member or investing any money.
The lack of regulation or the presence of poor regulation is a huge red flag. It means U Farm 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 U Farm, 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?
The business model of U Farm diverges from conventional MLM approaches. They lack any retail merchandise or services. However, affiliates are solely accountable for marketing U Farm’s affiliate membership.
These circumstances give rise to apprehensions regarding the long-term viability and trustworthiness of U Farm’s operational framework. MLM schemes typically entail the exchange of tangible products or services.
U Farm’s emphasis on enlisting affiliates in their program implies that they may depend on money generated from recruitment rather than a solid foundation of tangible and useful items. If someone is contemplating engaging with U Farm, it is advisable to thoroughly evaluate the ramifications of their business model, particularly in light of the lack of retail components. It is important to additionally take into account the potential hazards linked to a framework largely focused on promoting affiliate membership.
U Farm provides an affiliate investment scheme that utilizes tether (USDT) and guarantees daily returns for one year. Users have the option to choose from various investment levels, including Potato, which necessitates a 30 USD investment and generates a daily profit of 0.75 USD, Wheat, which necessitates a 100 USD investment and produces a daily profit of 2.5 USD, Corn, which necessitates a 300 USDT investment and generates a daily profit of 7.5 USDT, and Coffee, which necessitates a 900 USDT investment and offers a daily profit of 23 USDT.
In addition to these profits, U Farm additionally offers referral commissions on invested USDT for a maximum of three recruiting levels: 5% for level 1 (affiliates recruited directly), 3% for level 2, and 1% for level 3.
In addition, U Farm employs a uni-level team structure to provide a matching bonus on the daily returns. The allocation of percentages for this bonus is as follows: 3% for level 1, 2% for level 2, and 1% for level 3.
Enrolling as a U Farm affiliate is cost-free, as they also assert that it grants individuals access to the affiliate network. Nevertheless, engaging in the income-generating potential requires a minimum investment of 30 USD.
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.
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.
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 U Farm 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 U Farm 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 U Farm, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like U Farm enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “U Farm reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising U Farm.
You should always look out for consumer complaints. In the case of U Farm, 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 U Farm? You can share your complaint in the comment section or submit an anonymous tip.
U Farm, a new fraudulent Ponzi scheme, has just surfaced, masquerading as an agricultural operation while engaging in deceptive “click a button” activities. Participants must log in daily and click a button that is intended to represent the act of seed harvesting.
Subsequently, a transaction is conducted using fictional purchasers to fulfill the return on investment (ROI) payout. Nevertheless, there is an absence of any tangible activities involving the collection of crops, sowing of seeds, or trading of agricultural produce. U Farm, on the other hand, focuses on the recycling of freshly invested funds to provide compensation to earlier investors.
This approach is comparable to the pattern observed in other collapsed “click a button” app Ponzi schemes, such as Peace Ranch, The Ranch, and Nestle Ranch. This represents a worrisome pattern of similar schemes that have arisen since late 2021, typically exhibiting a short-lived existence before unexpectedly failing.
Investors incur losses as a result of these scams abruptly deactivating their websites and apps, a repetitive behavior that suggests the presence of Ponzi schemes. Reportedly, U Farm is presently restricting access to investor accounts and requesting a charge for unlocking, indicating an impending collapse.
U Farm 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 U Farm 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 U Farm?
All the evidence suggests that U Farm 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 U Farm a scam?
Can I withdraw money from U Farm?
Where is U Farm Located?
How do I get my money back from U Farm?
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.