Lets Be Clear, 5050 CrowdFunding (5050cf.com) Is a Scam. PERIOD!
BEWARE of www.5050cf.com
Lets be clear, this is a scam. PERIOD! The only people that would ever defend it are those people that are trying to "recruit" (swindle you out of your money) you into it. If you think those people are your friends, think again.........Do not fall victim to this scam.
THERE IS NO PRODUCT OR SERVICE CHANGING HANDS. THAT IS THE MINIMAL CRITERIA TO BE A LEGITIMATE OPPORTUNITY.
This program is NOTHING like Crowdfunding. NOT EVEN CLOSE.
David Rosen, the founder of www.5050cf.com has a long history of failed schemes...... a LONG history. He has left a trail of THOUSANDS of victims in his path.
Just google: David Rosen MLM
Take a look at these www.5050cf.com reviews:
You may have seen a celebrity introducing David Rosen on company videos..... We reached out to the Celebrities representatives and were advised they have issued a Cease and Desist and are prepared to take additional legal action. They have nothing to do with www.5050cf.com and do not endorse the company.
There is NO product or service changing hands. That is the minimal criteria to be a legitimate opportunity.
Finally, and most importantly, I know David Rosen personally. I have been in his condo in Canada. I have listened to him brag about how much money he has scammed people out of. I have seen him tell people he will pay them, when he then laughs knowing he never will. His former employees say they worked for him and never got paid.
Thank god I chose to not do business with him. All it took was a couple of hours with him and I knew he was nothing but a con artist. The guy is simply a bad guy with no soul.
Do you own research. 5050cf hits every RED FLAG that the FTC warns against. You can read that for yourself here: FTC.gov Pyramid Schemes
If you were asked to participate in this scam, we encourage you to make a report to the Securities and Exchange Commissions here: SEC Report
You can also report this scam in Canada, where he lives here: Report Scam in Ontario
This scam has the potential to hurt honest, hard working people that do not know any better. Please take a few minutes to report this to the proper authorities and help put David Rosen in Jail. This activity is criminal.
IF YOU ARE PROMOTING WWW.5050CF.COM AND THINK THAT YOU ARE INNOCENT BECAUSE YOU ARE JUST AN AFFILIATE, THINK AGAIN. YOU CAN ALSO BE PROSECUTED FOR PARTICIPATING. THAT IS NO EXAGGERATION. DO YOUR OWN RESEARCH, ASK YOUR OWN ATTORNEY.