Engofor Review – Legit Or Scam?

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 review do you can learn the honest truth and decide if it’s right for you.

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?

Today, I’m going to be taking a close and in-depth look and the MLM opportunity Engofor.

While Engofor is the current name for the company, that wasn’t always so. When the company first hit the ground running in June of this year (2016), it went by the name of “Cryptocoins Invest.”

Looking at the company that hosted the official website for Cryptocoins Invest, it appears to have been destroyed since Engofor first launched as Cryptocoins Invest – as evident by the message “account suspended” appearing when you try and visit the site.

In typical underbelly MLM fashion, the folks behind Cryptocoins Invest don’t give any logical or honest explanation as to what’s going on here. Instead, they’ve decided to come up with this fictional tale –

“To our dismay we realized that the hackers have caused more damage to the CCI network than we initially thought. They succeeded to manipulate the system that there are now quite a number of accounts at another final balance than expected. This, both positive and negatively. It has proved impossible to recover the data.”

There’s no official word as to just how much money was lost with the Cryptocoins Invest sham, and rather than shed any real light on this issue, the people behind the company have decided to relaunch under the name of “Engofor.”

Despite the difference in name, the overall opportunity and business model appears to be exactly the same as to what was being offered with Cryptocoins Invest.

There is a corporate address provided on the new Engofor website for someplace in the Netherlands, but unfortunately that’s about it in regards to background info that’s present on the company website. There isn’t any indication as to who owns the company or who’s running things on an executive level, and this is a bit concerning to say the least.

After doing a bit of extensive research into the opportunity, I was able to discover that the owner of Engofor is someone by the name of Diego van der Even. Additionally, the two co-CEOs go by the names of Wendy van Dijk and David Vink.

All three of these people appear to be real and not made-up as the case sometimes is with shady MLM opportunities, but due to language barriers that I’m faced with, I wasn’t able to gather any real MLM history for either of these three individuals.

Engofor Scam

What Products Does Engofor Sell?

Moving right along, the product line side of things for Engofor is incredibly lacking.

Engofor has made the decision to not include any sort of product line at all with their business model, and although this isn’t all that surprising considering that it’s the same move that was made by Cryptocoins Invest, it doesn’t make this any less serious of a situation.

No product line means that retail sales cannot take place, and no retail sales usually creates for a situation in which all of the funds for the company are coming in from affiliate investments.

This is never a good setup for an MLM opportunity, but it appears to be the one we’re dealing with here for Engofor.

Info On The Engofor Compensation Plan

Looking at the compensation plan that Engofor is advertising and marketing, affiliates are able to earn money by investing so much in one of the three available packages that Engofor offers.

Investing in these packages results in affiliates being able to earn an ROI, and the payout for all of this is as follows –

  • Package 1 – Affiliates invest between $10 and $50,000 in order to receive a 40-day ROI that pays 4% each day (daily withdrawal limit of $500)
  • Package 2 – Affiliates invest between $10 and $50,000 in order to receive a 500-day ROI that pays 0.5% each day (daily withdrawal limit of $500)
  • Package 3 – Affiliates invest $10,000 or more in order to receive a 730-day ROI that pays 10% each month

Along with the direct ROI payments, affiliates can also earn through referral commissions. These commissions are handled through the use of a unilevel payment system, and it pays out to three levels deep of recruitment.

Level 1 affiliates earn a 5% commission, level 2 earns 2%, and those at the level 3 spot earn just 1%.

How Much To Join Engofor?

If you’re at all interested in becoming an affiliate for Engofor, you’ll need to invest a bare minimum of $10 into the company. However, as these opportunities usually go, deciding to invest more and more money will increase your overall earning potential.

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!

Taking a look at Engofor as a whole, it doesn’t take too long at all to catch wind of the Ponzi nature that exists throughout the company.

There isn’t any sort of product line at all, meaning that affiliates have nothing more than the affiliate membership itself to sell to possible buyers.

This also creates for a situation in which the only source of income comes from affiliate investments, and these newly invested funds are then used to pay off existing ROI and commission payouts.

Engofor’s website has numerous mentions of things like forex, real estate, and other company acquisitions that account for other sources of income. However, in typical Ponzi fashion, there isn’t any concrete information or real numbers offered in regards to what kind of income these sources account for.

Even if they were real, why Engofor go about soliciting money from other people if they had somehow constructed a system that was paying out a daily ROI of 4%?

None of it makes any real word sense, and it simply results in a scheme that’s setup to steal as much money from you as possible.

As Ponzi schemes tend to go, Engofor will only be successful as long as people continue to dump money into the operation. Once recruitment and investment levels die down, Engofor will eventually see a complete and total collapse.

When this happens, it’s admins will make off with the majority of all the case, leaving everyone else to end up losing out in the long haul.

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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