Is Credit Star Funding A Scam? Ponzi Scheme Alert!

Who Is Ricardo Ferrari?

Mentored by Mark Hughes, they guy who founded herbalife and positively reviewed by Jeffery Combs adds some credit and credential to Ricardo Ferrari. 

Prior to Credit Star Funding  he was promoting BitClub Network and earning something in the region of US$150,000 every week by getting people to join BitClub Network. 

Yes, that is a serious rock star amount of money!. 

To be fair, when Bitcoin exploded to nearly US$20,000 a lot of people were making a lot of money but when Bitcoin crashed and flatlined to nearer the US$3,000 mark inevitably many people lost money. 

Credit Star Funding Provides its members with cash to fund their own business and claims to improve your FICO Scores and assistance in "investing" the money obtained into different investment and business opportunities suggested by Credit Star Funding and Ricardo Ferrari. 

Let's have a quick recap here. 

Credit Star Funding help you to get a loan so that you can invest money in a variety of opportunities that they suggest?. 

This in itself sounds very shady and very questionable. 

I don't know any financial institute that gives you a loan (for whatever purpose) and then suggest an array of business opportunities and investments with the money obtained. 

Behind the scenes, the money obtained is money that Credit Star Funding have got from other members - not from banks or any other financial institutions. 

These older "investors" are members that are also "investing" in unknown, unregulated and questionable investments. 

This sounds and appears to be a Ponzi Scheme to me. 

At the bare bones of it Credit Star Funding helps you to get anything from US$50,000 to US$250,000 in loans by deceptive means and measures and gets you as the receiver of the debt/loans to give it back to them for investment in fraudulent and unregulated investments opportunities and schemes. 

This is by no means helping you to "get out of debt" you will be left with the debt, left carrying the baby so to speak while Credit Star Funding and Ricardo Ferrari have your fraudulently obtained loan money. 

Bernie Maddox eat your heart out!.

They also offer to help you to repair your credit score, remove liens, bankruptcy, collections, foreclosure, charge offs, student debts and so on so that you can get on with your life. The cost of this service is US$5,000. 

I would not trust them one bit to perform any of those services. 

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Credit Star Funding is a network marketing opportunity which means you are compensated for bringing people into their opportunity. 

This is how Ricardo Ferrari and modern day Charles Ponzi Wannabe's are perpetuating the fresh intake of clients to their Ponzi Schemes. 

You and other members are the ones that is encouraging people to join. Due to no actual retail element being present or any products sold there is an aspect of a pyramid scheme going on here too.

Just to emphasis a technical aspect not all MLM opportunities are Ponzi schemes or Pyramid schemes, more on this later. 

There is no complexity at all with this compensation plan it is as simple and clear as shown in the image above. 

Getting Started With Credit Star Funding

Joining Credit Star Funding is pretty simple, it does require you to fill out and send in detailed documents alongside your application form. 

These forms and documents will be checked and studied to see if you can qualify for funding. 

If not, 

You will be offered a credit repair service where the company will fix and clean up your credit score. 

Joining fees are US$199 as a commitment fee and a 22% loan generation fee. 22% of any loan obtained, which is obtained by fraudulent means you will have to give to the company. 

Credit Star Funding have no real genius to their method of getting you large sums of capital for investing. 

All they do is is apply to many and multiple different banks asking for loans in your name. If you get accepted for say 5 banks for a loan of US$10,000 you will have US$50,000 in total with a 22% fee (US$11,000) going to credit star. 

Growing You Money With Credit Star Funding!

Not happy with getting his grubby little hands on 22% of your illegally obtained loan money Ricardo Ferrari wants you to invest the rest of it into dubious and unregulated investment opportunities. 

• 1. BitCoin Accumulation Platform:It is claimed that you can get 1 to 14 Bitcoins depending on how much you invest. Remember this guy has history with Bitcoin Ponzi Schemes!. This I Suspect no different. 

• 2. Customer Acquision JV: Earn up to US$6,000 per month. (An illegal unsubstantiated income claim!). 

• 3. Artificial Intelligence Cryptocurrency Trader: Claimed 25% to 40% ROI. This is an auto trading bot. Again, false/unsubstantiated income claims. 

• 4. Bitcoin Signals: An apparent system that will alert and inform you as to when you should buy and sell your Bitcoins. Claimed to turn 5 BTC to 700BTC in only 1 month. (Again, unsubstantiated claims, beware of his history with crypto scams). 

• 5. A.I Stock/Crypto/Forex Trader. Allegedly beats the markets by 30% to 60%. again I'm smelling the bovine excrement! here!.  

None of these so called "investments" are actual proper legitimate fully regulated and registered with authorities and the SEC. 

These are not investments at all in my opinion. 

Show me the documents pertaining to them being full legally registered and authorised investment opportunities by the SEC and other regulatory bodies. 

I suspect that here you just giving the remaining 78% of your illegally obtained loan money to Credit Star Funding.  

Something I always check for and always will is an opportunities standing with the Better Business Bureau. 

This helps both you and I to form a basis of an opinion regarding how much we can trust a company and how legit and legally they conduct business. 

At the time of writing there is no listing of Credit Star Funding with the BBB.

By default the status is unaccredited and not rated.

The most common complaint circulating around is just how Obvious a Ponzi Scheme Credit Star Funding is. 

All the major and dominate independent reviewers are hot on calling a spade a spade. 

No, 

Credit Star Funding nor its Owner, founder and CEO Ricardo Ferrari are registered with the SEC. 

This means that the investment advice and opportunities given are illegal as they are not qualified to do so. 

I'll also add, cryptocurrency is an unregulated commodity and investment, which in my opinion makes Ricardo and Credit Star Funding guilty of illegally offering investment advice regarding unregulated commodities (and unlicenced to do so!). 

This not something that I do nor like to say as I am a genuine positive Pete with a glass that is not half full but overflowing!. 

When there is an obvious shoddy product/or opportunity I can often list a returns policy or money back guarantee as something likeable. 

Unfortunately, there really is nothing good at all to say about an obvious and evident scam. 

Oh Sweet leapin' Jesus! My dislike for this opportunity is obvious rather than list out huge long list let's stick to the main points. 

• Credit Star Funding are a Ponzi Scheme wrapped up in pyramid recruitment disguised as company that will help you to get funding and credit repair. 
• They are not registered with the authorities and permitted to offer investment advice or offer any form of investments.

No!. 

Worse than not making any money at all is you will lose your money and be saddled with huge debt to pay!. 

Yes, 

I think it is evident and obvious that Credit Star Funding Is A Pyramid Scheme. They have no obliged retail products or services attached to their opportunity. 

The MLM element of this "business opportunity" is only to get you recruiting and perpetuating the scam. 

Yes, and there is absolutely no question about it. 

New investors and being brought in to pay the older ones, this is where the money to pay them is being generated from. 

The only "product" is an illegally obtained loans of which they get a 22% slice of, the remainder of which you are encouraged to hand back in their dubious investment opportunities. 

Yes, 

We can consider Credit Star Funding as an MLM Business Opportunity due to the recruitment element and aspect, I would not call it a business as such!. 

In my opinion Credit Star Funding is a scam. Much more than that it is my opinion that the opportunity is somewhat a mix of a pyramid scheme and a ponzi scheme. 

A legal definition of a scam is causing a financial loss due to deliberately or intentionally deceiving a victim. 

There certain causes of deception involved here with the unfounded and unsubstantiated income claims in regards to their investment opportunities and claimed ROI. 

In another aspect, the financial institutes that are loaning out money (a financial loss) based on deception and do have grounds for claiming fraud. 

If you hear someone suggesting that you get involved with Credit Star Funding Cover your ears and run for the hills!. 

Better still - show them this article. Pop it into their inbox or as a comment and perhaps help them to see what they are getting involved with. 

Remember "I didn't know, your honour" is not a viable excuse to a court judge if you find yourself in the dock being charged with aiding and abetting a scam or fraudulently obtaining a loan. 

This is an opportunity that I strongly advise that you do not get involved in. 

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