The “click a button” app Ponzi scheme run by FocuStar has failed.
Both of FocuStar’s website domains have been turned off since about 48 hours ago.
The official FocuStar YouTube channel is still up, but comments have been turned off.
Before FocuStar’s sites were taken down, there were reports of withdrawal problems.
From what we know, FocuStar started to require affiliates to find new investors. No matter how many new victims an affiliate brought in, their requests to get out were still denied.
Over the past few weeks, FocuStar also ran promotions to get people to invest, which is something that many MLM crypto Ponzi schemes do.
In these ads, investors are promised bonus credit on funds they put up.
FocuStar is one of many “click a button” app Ponzi schemes that started to pop up in late 2021.
Most scams run for a few weeks to a few months before they fall apart. When they start, they use different tricks to get people to invest.
The length of a “click a button” Ponzi scheme is the same as the length of any other Ponzi scheme; it depends on how well it works in the areas where it is aimed.
FocuStar mostly focused on Venezuela, Spain, Germany, India, Mexico, and Greece.
Most “click a button” Ponzi schemes, if not all of them, are thought to be run by scammers from China.
As people learn more about “click a button” Ponzis and lose more money to them, “click a button” Ponzis have slowed down, which is good news. Despite this, there are still a few (and no doubt more will be launched to beat a dead horse).
BLQ Football is the biggest “click a button” app Ponzi that I know of right now.
BLQ Football was first made for Uganda. But since it’s still easy to find players in Uganda, I think someone at BLQ Football made a mistake.
The plan was for BLQ Football to steal from Uganda for a few months and then fall apart. So, the number of people joining BLQ Football in Uganda dropped a lot between July and August.
In its place, however, China has seen a huge rise in the number of people who want to invest in BLQ football.
The one thing that “click a button” Ponzi scammers haven’t done is target China. Since they are based in south-east China, it’s unlikely that the scammers themselves are working from mainland China. This makes it risky to target Chinese consumers.
Like in other places where crime is easy to get away with, the Chinese government is quick to ignore overseas fraud. But when people in the area start to complain a lot, things get dangerous.
No matter what happens and how long BLQ Football lasts, we know that, like FocuStar, most investors lose money and there is no way for victims to get their money back.