Engofor, Formerly Cryptocoins Invest, Is Now The Subject Of An Investigation By The AFM

Engofor ReviewRecently, Engofor has been getting a lot of hype on the internet.

I have had people pitching this one to me on a near daily basis, in fact, and I have seen it making the rounds on social media as well.

I want to make it clear I am NOT promoting this business opportunity as an affiliate or distributor in any way.

I have done all my research in this Engofor. Have you heard that they are under investigation by the AFM?

Is Engofor a scam? Is it legit?

Can it really deliver on it’s promises?

Let me tell you in my Review Engofor.

Let’s get started.

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Seriously, What Is Engofor?

If you’ve been keeping an eye on the world of MLM, you’ve probably heard of a company by the name of Cryptocoins Invest.

Cryptocoins Invest first hit the market back in June of 2016, but the company has recently been under a bit of fire.

According to an official report from Cryptocoins Invest, the company was assaulted by hackers who stole a ton of personal information and data from the business. As a result of this attack, Cryptocoins Invest had to relaunch and rebrand itself as Engofor.

Fast forwarding to this past month, it was noted that affiliate withdrawals from Engofor had been completely suspended on February 16, 2017. And, following this bit of news, it’s now come to my attention that Engofor is currently undergoing an investigation that’s being conducted by the Netherlands Authority for the Financial Markets.

If you haven’t heard of Cryptocoins Invest or Engofor up until reading this article, here’s a quick little background on what the company has to offer.

Under the name of Engofor, potential affiliates are enticed with the idea that they can get either a daily or monthly ROI after investing $10 or more into the company.

Engofor Scam

Being able to secure a guaranteed ROI after investing just $10 might sound like a sweet deal at first, but when you consider that 100% of the revenue that Engofor has comes directly from investments of its affiliates, the picture starts to become a bit clearer.

This sort of activity is usually referred to as a Ponzi scheme, and that’s exactly what Engofor and Cryptocoins Invest was before it.

According to the official website for the Dutch Authority of the Financial Markets (also referred to as the AFM), the firm is in charge of regulating savings, investments, loans, and insurance for all of the Netherlands. Seeing as how this organization has Engofor under an investigation, that’s a pretty telling sign that Engofor is likely on its way out the door once the AFM catches wind of what’s taking place within the opportunity.

The story that Engofor is currently telling is that their bank account is currently frozen. Engofor doesn’t credit this freezing to the investigation that they’re currently under, and they’ve simply stated that the bank they’re using is, “not familiar with our [Engofor’s] business model.”

Engofor recently took to Facebook to update its affiliates with what’s taking place between them and the AFM, and this is what they said —

“We need time to provide the banks and AFM with the requested documents and certificates, as they will need time to process it. At this moment our highest priority is the pay out of the withdrawal requests. We are doing our utmost to make this happen as soon as possible, but cannot give you any timeframe on that.”

That’s the latest that we know for this situation, but if any new updates come out of this matter, we’ll definitely keep you informed.

Seriously, Is Engofor A Scam Or Is This Legit?

As I am sure you have heard with most business opportunities, there are a lot of scams on the internet, and Engofor might be a scam with them.

Having read the review above, you might be wondering if Engofor is legit or completely a scam.

So, is it a scam?

Is Engofor a scam, or can you make a proper business with it?

Honestly, Engofor isn’t a complete scam, but there are definitely some things to be aware of (see the conclusion section).

Whether you decide to join or not, you really need to master your marketing and lead generation.

This is the only way you will be successful.

See below for help with making money online.

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Here’s My Engofor Final Thoughts!

 

Hopefully, you have enjoyed this Engofor Review.

I wanted to give you this in-depth review because there have been plenty of other Engofor reviews that don’t really give all the information you need.

If you do decide to join, I want you to be successful, so learn how to market yourself properly.

My FREE training below will help you market and earn money!

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