CashFlow NFT’s web site is at present nothing greater than an signin/signup kind:
To the best is an unlisted advertising video, which results in CashFlow NFT’s official YouTube channel.
There you’ll discover two extra CashFlow NFT advertising movies.
Certainly one of them, titled “Cashflow NFT – An Wonderful Alternative”, his narrated by somebody going by Daniel Wooden.
Wooden claims to have a historical past in real-estate. He claims he’s performed with real-estate although (for now), and as an alternative desires to deal with being a crypto bro “for the following 5 years”.
Wooden is a co-founder of Momentum Property Training, an organization promoting property funding guides:
Wooden additionally runs the Swedish Wealth Institute together with his spouse.
The Swedish Wealth Institute was based by Daniel and Gisela Wooden to advertise entrepreneurs, traders and individuals who need to develop.
Wooden seems to have begun his crypto bro profession, at the least publicly, earlier this yr with E-Forest:
eForest is a crypto “pay to play” Ponzi scheme, wrapped up in “save the Earth” advertising:
eForest has gone nowhere and, evidently bitten by the crypto fraud bug, Wooden has provide you with his personal actual property crypto grift.
If I needed to guess, Wooden’s personal crypto bro journey most likely started with crypto infecting Swedish Wealth Institute.
And so the well-trod technique of the founding father of a longtime enterprise working it into the bottom as a result of crypto begins.
Learn on for a full evaluate of CashFlow NFT’s MLM alternative.
CashFlow NFT’s Merchandise
CashFlow NFT has no retailable services or products.
Associates are solely in a position to market CashFlow NFT affiliate membership itself.
CashFlow NFT’s Compensation Plan
CashFlow NFT associates make investments $5000 to $10,000 on the promise of “excessive returns”.
The MLM aspect of CashFlow NFT pays on recruitment of affiliate traders down two ranges of recruitment (unilevel):
- 10% on degree 1 (personally recruited associates)
- 5% on degree 2
CashFlow NFT Conclusion
Make investments $5000 or $10,000 in an NFT, one thing one thing, passively generated riches.
CashFlow NFT represents it plans to generate income by “discovering revenue-yielding corporations”.
To that finish CashFlow NFT represents it’s partnered with Miracle Money & Extra.
Miracle Money & Extra is a crypto pockets firm, launched in December 2021.
As per SimilarWeb monitoring, Miracle Money & Extra had a useless web site till Could 2022, across the time CashFlow NFT included it in its advertising.
A part of CashFlow NFT’s advertising pitch is Miracle Money & Extra shopping for real-estate, associates make investments $10,000, one thing one thing and “excessive returns”.
The property aspect of CashFlow NFT is being run by a “Property NFT” Telegram group.
Past that, I don’t need to waste time on Miracle Money & Extra as in the end it doesn’t matter.
CashFlow NFT is soliciting funding on the promise of passive returns.
On July thirteenth Daniel Petrucelli said on an official CashFlow NFT webinar;
In a matter of days we’re going to launch our NFT. It’s gonna be the good NFT you’ve ever seen.
And indubitably, it in itself can be price some huge cash. Far more than what you paid for it initially right here for $5000.
Petrucelli, a former Hempworx distributor, is a CashFlow NFT FaceBook group admin.
Past Daniel Wooden dwelling out his crypto government fantasy, that CashFlow NFT investments are purportedly tracked by NFTs is neither right here nor there.
What issues is CashFlow NFT’s passive funding alternative constitutes a securities providing.
This requires CashFlow NFT to register with monetary regulators and periodically file audited monetary studies. There isn’t a substitute for these authorized necessities.
Versus working legally and like many a crypto bro earlier than him, Wooden ignores securities legal guidelines being effectively established globally for many years.
As an alternative he trots out some irrelevant waffle about “coming quickly” crypto legal guidelines.
Once more I don’t need to waste time on this as a result of it has nothing to do with securities regulation, which CashFlow NFT’s MLM alternative falls underneath.
Securities in Sweden are regulated by the Swedish Monetary Supervisory Authority.
Such to the extent Miracle Money & Extra is tied to CashFlow NFT’s passive funding scheme, they’d must register it with the Monetary Conduct Authority.
Broadly talking, CashFlow NFT must register with monetary regulators in any jurisdiction it solicits funding in.
As above, CashFlow NFT is planning to carry a promo occasion in Las Vegas in late October.
Securities within the US are regulated by the SEC. A search of the SEC’s Edgar database reveals neither CashFlow NFT or Daniel Wooden are registered to supply securities within the US.
MLM corporations committing securities fraud lends itself to operation of a Ponzi scheme.
The mathematics behind Ponzi schemes ensures that almost all of traders lose cash.
Assuming he didn’t pillage his actual property group for referral commissions, Daniel Wooden blowing who is aware of how a lot on eForest is a good instance of shedding cash to a Ponzi scheme in motion.
