86FB football investment platform The Ponzi scheme has ended.
According to reports, 86FB, commonly known as 86FB football, is an investment platform that purports to specialize in football and works with William Hill, a major online gambling corporation based in London, England, to blend probability and statistics, has fallen.
The 86FB football collapse follows a string of high-profile Ponzi investments that have failed in Nigeria recently. It was also uncovered that the football investment platform claiming to be controlled by City Football Group is not owned by the Abu Dhabi-based corporation that owns Manchester City Football Club in England.
What is the 86FB football investment platform?
The 86Fb football investing platform, according to Newsonline, “focuses on football and works with William Hill to integrate probability and analytics.” Competitive football is not only a game, but also a high-level sports equivalent to funds and stocks, thanks to calculations, mathematics, and other principles.
The investment platform claims to use a hedge fund arbitrage approach in sports betting that blends finance and conceptual science to achieve consistent profits with very low risk.
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Some of its agents also say that it operates a reverse betting site where investors may make 3% of their capital daily (90 percent monthly ROI) if they follow the team’s game strategy.
A probable Ponzi scheme crash: 86FB
All of 86Fb’s claims of lucrative investment returns sounded too good to be true since some Nigerians have been warning investors for weeks about the possibility of the football investment scam collapsing.
A Twitter user named @iamjonado warned that it was a ticking time bomb last week. “86Fb or 86 FOOTBALL as you all know it is a big-time BOMB,” he tweeted.
“The “make-up” Ponzi scheme in the shape of investment has made its way through Whatsapp groups, Telegram, Facebook, and even Twitter,” he said.
According to the Twitter user “None has any link with “86Fb” or 86FOOTBALL TECHNOLOGY LIMITED, which is their registered name with the Nigerian corporate affairs commission, the investment business claims to be owned by City Football Group (owners of Manchester City Football Club). I even went so far as to look up all of the “City Football Group” subsidiary firms, and according to the information I found, they only have six!”