Is Forrise A Scam? (A Pyramid Scheme Committing Securities Fraud?!)

It’s likely that you have come across Forrise through an email list, on social media or got it recommended by a friend or family member.

Is Forrise a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this Forrise review.

First and foremost I must commend you for actually doing a bit of extra research before committing to joining Forrise. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.

To be fully transparent with you, I am personally not a member of Forrise so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.

What I will aim to do is provide you with an unbiased 3rd party look at Forrise that will hopefully help you to make the best decision you can in the end.


PRODUCT NAME: Forrise

OWNER/S: Adam Schultz

TYPE OF PRODUCT:

PRICE: $50, 0.004 BTC, 0.25 ETH

SUMMARY: Yes, Forrise is both a pyramid scheme and scam where there are a fair few huge reasons why i say this.

The lack of retail products for non affiliate customers, the absolutely ridiculous advertised returns on investments made, it’s lack of registration with their regions securities governing body and the fact that recruitment is pretty much essential for the company to continue running are the main reasons I would consider Forrise a terrible company to invest in and work with.

FINAL RATING: 0/5

RECOMMENDED: NO!!


WHAT IS FORRISE?

Forrise logo

Forrise is another one of these crypto investment opportunities where you’re supposedly able to make money from returns on your bitcoin/ethereum investments as well as through the MLM structure it utilises.

The company claims to have been founded in 2009 however, I’m pretty sure this isn’t true. Firstly, the age of the domain seems to imply it officially came into the market in July 2019 however, as far as I can tell from its Youtube channel, it launched around late 2019 early 2020.

So, basically there’s a bit of an inconsistency here.

As for what the videos entail on their YouTube channel, it’s your basic promotional material except the majority of the videos are just the same video dubbed over in the multiple markets Forrise is aiming to promote itself within.

Forrise CEO

The CEO of the company is this guy called Adam Schultz whilst another video depicts its Financial director with a supposed 14 years of experience called Mary Chagnon.

According to Alexa traffic, Forrise’s primary traffic seems to be coming from the USA being roughly 76% of all its visitors.

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FORRISE PRODUCTS

Forrise does not offer members the opportunity to sell any kind of product to non affiliate customers. In order to test anything provided by the company, which in this case is simply the ability to invest in bitcoin and ethereum, you will need to become an affiliate of the company.

This itself is something that the FTC regard as a pyramid scheme like characteristic and honestly makes Forrise come across as somewhat illegitimate right off the bat.


HOW DO YOU MAKE MONEY WITH FORRISE?

There are 2 ways to make money with Forrise :

1. The first method is being the advertised returns on your investments.

2. The second method being through recruitment and from moving up in rank as a result.


HOW TO GET STARTED

If you want to join Forrise and be eligible for the compensation plan’s earning opportunity, you will need to make a minimum investment of either :

  • $50
  • 0.004 BTC
  • 0.25 ETH

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COMPENSATION STRUCTURE

There are a few different ways you can earn with Forrise and I’ll be covering the more important elements shown within its compensation plan here.

First of all I’ll break down the the criteria for the 15 different ranks an affiliate can achieve :

  • Rank 1 – sign up and invest
  • Rank 2 – invest at $300 and convince others to invest $5000
  • Rank 3 – invest at least $750 and convince others to invest $20,000
  • Rank 4 – invest at least $1500 and convince others to invest $50,000
  • Rank 5 – invest at least $3000 and convince others to invest $100,000
  • Rank 6 – invest at least $5000 and convince others to invest $200,000
  • Rank 7 – invest at least $8000 and convince others to invest $500,000
  • Rank 8 – invest at least $12,000 and convince others to invest $700,000
  • Rank 9 – invest at least $15,000 and convince others to invest $1,000,000
  • Rank 10 – invest at least $20,000 and convince others to invest $1,500,000
  • Rank 11 – invest at least $35,000 and convince others to invest $4,000,000
  • Rank 12 – invest at least $50,000 and convince others to invest $7,500,000
  • Rank 13 – invest at least $70,000 and convince others to invest $15,000,000
  • Rank 14 – invest at least $100,000 and convince others to invest $30,000,000
  • Rank 15 – invest at least $150,000 and convince others to invest $50,000,000

Return On Investments

As there are 3 different currencies through which an affiliate can theoretically make a return on their investments, the amounts you’d need to invest for each currency will be different even if the overall ROI promised is the same for each.

USD ROI

  • Amateur – invest $50 to $699 and receive a 115% over 15 days
  • Ambient – invest $700 to $4999 and receive a 142% over 30 days
  • Advance – invest $5000 to $10,000 and receive 185% over 50 days
  • ForTrade – invest $200 or more and receive 150% to 240% over 50 days
  • Imperial – $200 to $9999 and receive 250% over 100 days
  • Lounge – invest $10,000 to $49,999 and receive 360% over 120 days
  • Superior – invest $50,000 to $1,000,000 and receive 520% over 130 days
  • Luxury – invest $50 to $1,000,000 and receive 520% over 100 days
  • Excellent – invest $1000 to $2,000,000 and receive 698% over 130 days
  • Solid – invest $5000 to $5,000,000 and receive 1000% over 180 days

BTC ROI 

  • Amateur – invest 0.004 to 0.06 BTC and receive a 115% over 15 days
  • Ambient – invest 0.061 to 0.5 BTC and receive a 142% over 30 days
  • Advance – invest 0.51 to 1 BTC and receive 185% over 50 days
  • ForTrade – invest 0.02 BTC or more or more and receive 150% to 240% over 50 days
  • Imperial – 0.02 to 0.9999 BTC and receive 250% over 100 days
  • Lounge – invest 1 to 5 BTC and receive 360% over 120 days
  • Superior – invest 5.1 to 100 BTC and receive 520% over 130 days
  • Luxury – invest 0.004 to 85 BTC and receive 520% over 100 days
  • Excellent – invest 0.085 to 170 BTC and receive 698% over 130 days
  • Solid – invest 0.4 to 450 BTC and receive 1000% over 180 days

ETH ROI

  • Amateur – invest 0.25 to 3.49 ETH and receive a 115% over 15 days
  • Ambient – invest 3.5 to 24.99 ETH and receive a 142% over 30 days
  • Advance – invest 25 to 50 ETH and receive 185% over 50 days
  • ForTrade – invest 1 ETH or more and receive 150% to 240% over 50 days
  • Imperial – 1 to 49.99 ETH and receive 250% over 100 days
  • Lounge – invest 50 to 249.99 ETH and receive 360% over 120 days
  • Superior – invest 250 to 5000 ETH and receive 520% over 130 days
  • Luxury – invest 0.25 to 5000 ETH and receive 520% over 100 days
  • Excellent – invest 5 to 10,000 ETH and receive 698% over 130 days
  • Solid – invest 25 to 25,000 ETH and receive 1000% over 180 days

Referral Commissions

These are residual commission paid out following a unilevel structure. This simply means that an affiliate will be placed at the top of the structure and will be able to recruit and earn infinitely horizontally however, vertically the earnings will be capped. In this case the earnings are capped at the 25th level.

As for how the earnings are distributed, they are paid out as a percentage of funds invested across each of the 25 levels :

  • Rank 1 affiliates earn 6% on level 1 (personally recruited affiliates), 2% on level 2 and 1% on levels 3 and 4
  • Rank 2 affiliates earn 6% on level 1, 2% on levels 2 and 3 and 1% on levels 4 and 5
  • Rank 3 affiliates earn 6% on level 1, 3% on level 2,  2% on level 3, 1% on levels 4 and 5 and 0.5% on level 6
  • Rank 4 affiliates earn 7% on level 1, 3% on level 2, 2% on levels 3 and 4, 1% on level 5 and 0.5% on levels 6 and 7
  • Rank 5 affiliates earn 7% on level 1, 4% on level 2, 2% on levels 3 and 4, 1% on level 5 and 0.5% on levels 6 to 8
  • Rank 6 affiliates earn 7% on level 1, 4% on level 2, 2% on levels 3 and 4, 1% on level 5 and 0.5% on levels 6 to 9
  • Rank 7 affiliates earn 8% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 7 and 0.5% on levels 8 to 10
  • Rank 8 affiliates earn 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8 and 0.5% on levels 9 to 11
  • Rank 9 affiliates earn 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8 and 0.5% on levels 9 to 12
  • Rank 10 affiliates earn 9% on level 1, 5% on level 2, 4% on level 3, 2% on level 4, 1% on levels 5 to 10 and 0.5% on levels 11 to 14
  • Rank 11 affiliates earn 9% on level 1, 5% on level 2, 4% on level 3, 2% on level 4, 1% on levels 5 to 11 and 0.5% on levels 12 to 16
  • Rank 12 affiliates earn 9% on level 1, 5% on level 2, 4% on level 3, 3% on level 4, 2% on level 5, 1% on levels 6 to 14 and 0.5% on levels 15 to 18
  • Rank 13 affiliates earn 10% on level 1, 6% on level 2, 5% on level 3, 3% on level 4, 2% on level 5, 1% on levels 6 to 15 and 0.5% on levels 16 to 20
  • Rank 14 affiliates earn 10% on level 1, 6% on level 2, 5% on level 3, 4% on level 4, 3% on level 5, 2% on level 6, 1% on levels 7 to 16 and 0.5% on levels 17 to 22
  • Rank 15 affiliates earn 10% on level 1, 7% on level 2, 6% on level 3, 5% on level 4, 4% on level 5, 3% on level 6, 2% on level 7, 1% on levels 8 to 17 and 0.5% on levels 18 to 25

Rank Achievement Bonus

Forrise also pays its members a bonus for moving up in rank as an affiliate :

  • qualify at Rank 2 and receive $50
  • qualify at Rank 3 and receive $200
  • qualify at Rank 4 and receive $500
  • qualify at Rank 5 and receive $1000
  • qualify at Rank 6 and receive $1500
  • qualify at Rank 7 and receive $2000
  • qualify at Rank 8 and receive $3000
  • qualify at Rank 9 and receive $5000
  • qualify at Rank 10 and receive $7500
  • qualify at Rank 11 and receive $20,000
  • qualify at Rank 12 and receive $40,000
  • qualify at Rank 13 and receive $75,000
  • qualify at Rank 14 and receive $150,000
  • qualify at Rank 15 and receive $300,000


THE NOT SO GOOD THINGS

The Return On Investment Is Far Too Unrealistic

When a company states it can generate you a return of 115% in a 15 day period, at that point you’ve really got to question their legitimacy.

First of all, if it was possible to achieve those results super easily by signing up to any new company promising such a thing, I’d happily recommend it but, having seen my fair share of get rich schemes and scams that pretty much seem to push whatever boundary they can just to make a quick buck from naive individuals I don’t see Forrise being anything but a scam.

All in all I simply don’t see how any company could pay these kind of amounts legitimately, which is why this is a big red flag and honestly the main reason to avoid Forrise.

The Only Way To Make Money Is From Recruitment

Therefore, the only logical way to make money with Forrise has to be through recruitment. This of course is also a red flag because when recruitment is the core focus of any MLM, at that point the company would basically be operating as a pyramid scheme, at least according to the FTC that is.

Moreover, without recruitment the company wouldn’t even be able to function as new money wouldn’t be coming in. In short without recruitment the company would collapse.

It’s Committing Securities Fraud

When an institution deals with investments and the securities of other individuals as a whole, by law it’s required that they be registered with the regions securities body.

However, as far as I could find this does not the case therefore, I’d have to assume Forisse is committing securities fraud.

No Retaileable Products

Lastly, Forisse’s lack of products for non affiliate customers is another red flag and a feature I’ve found to be common among pyramid scheme like corporations too.


THE GOOD THINGS

There is literally nothing positive I can point about Forrise, which in and of itself should tell you where I stand with it.

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IS FORRISE A PYRAMID SCHEME/SCAM?

Yes, Forrise is both a pyramid scheme and scam where there are a fair few huge reasons why i say this.

The lack of retail products for non affiliate customers, the absolutely ridiculous advertised returns on investments made, it’s lack of registration with their regions securities governing body and the fact that recruitment is pretty much essential for the company to continue running are the main reasons I would consider Forrise a terrible company to invest in and work with.


MY PERSONAL RECOMMENDATION

I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).

Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.

This method I’m talking about is affiliate marketing. 

The reasons as to why I recommend it over MLM based structures are because

– there is no need to recruit constantly

– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products

– and because it is free to start up, no unnecessarily large start up funds needed.

The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.

If you have any questions that you would like to ask me regarding Forrise, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about Forrise and would like to talk about it, again feel free to do so in the comments below!

Thanks

Amhil

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