In our previous stories, we have had companies similar to BF Ranch, the closest to this kind of online money-making scheme is Century Ranch. Because of our experience, we do not find BF Ranch any different from all these former scammers such as BLQ. But we are here to give fact-based information not just lay assumptions based on past stories. Let us take some time to put BF Ranch on a litmus test.
What is required of an investment company to operate in Uganda?
Capital Markets Authority Certificate
For any company that deals in investment on behalf of other people; it is required to have a license or certificate from the Capital Markets Authority of Uganda. Even when a company is legitimately paying people, without a license from the Capital Markets Authority, it is just a matter of time, it will either disappear in thin air or get closed down by the government in due time.
One of the companies to consider for this to make proper sense is Capital Chicken whose accounts were frozen. It has never opened again until now. Similar to Capital Chicken, BF Ranch does not have a certificate from the capital markets authority of Uganda. This means whatever your dealings with BF Ranch are, they will end in tears just like the previous investors in similar schemes.
URSB Certificate
For any company to operate in Uganda, it has to be registered with Uganda registration service bureau. This entity does not license, its work is to give a company identity. The same way you register to get a national identity card from NIRA, it is the same way companies register with URSB.
BF Ranch was registered with URSB and they have an authentic certificate from URSB. This also means that the government is aware of the individuals behind this company. During company registration, all company directors are required to submit their identity documents.
Trading License
Every company in Uganda is required to have a trading license from the local council of the place they are operating in. This is not hard to get since there are no serious checks done in most cases. All you need is to pay the quoted money according to type of business. That is all you need to get a trading license in most cases. There is no due diligence to ensure that the company meets the required standards.
It is not clear whether BF Ranch has a trading license from KCCA. But whether they have it or not, this should not trick you into believing them.
Tax Identification Number (TIN)
A TIN number is one of the primary requirements for any company to operate in Uganda. Any authentic company ought to be tax complying and therefore should have a TIN. BF Ranch does not seem to have a TIN number. This means that all their business is being run illegitimately.
If they had, they would have shared with you invoices showing that VAT deducted from your payments. BF Ranch has potential to generate more than 150 million in a year. They are therefore required to pay VAT. Without VAT appearing anywhere in their transactions is a serious red flag.
How Does BF Ranch Get The Money To Pay Its Clients?
BF Ranch works like a pyramid scheme. Money is not generated through an activity other than subscriptions. Since there is need for a grace period of 24 hours for you to get paid; there is enough time to get money from other subscribers. The more people join, the more they pay. Unfortunately, time comes when they cannot pay all the people that have subscribed and this is always the time they throw in the towel and run with whatever money they have received from their subscribers.
These kinds of business can even survive for a whole year. They often break at a time when they have become very popular.
What Should You Do Now?
I do not recommend anyone to invest even if its merely 10,000 but if you love gambling, this is the best time to try your luck. You can invest knowing that you can lose all the money overnight. The only people who benefit from these scams are people that join them when they have just began. They often invest using the profits received after a few weeks of investment instead of investing all the profits and the capital.
But again, we strongly warn people not invest a single coin. You can fool yourself that you withdraw before they close, but that is never in your power. Check out for similar scams here: Century Ranch, Goldhela, Capital Chicken, Vetaplan ChickenΒ
A friend wants to make me join but I have compared them with blq company and I see no quite much difference
If I remember what blq did to me, no one can convince me
The problem your not strategic with your personal goals
But let me tell you in everything there are risks
Thanks bro I have learnt a lesson
My dear those are scamers, Bf are scamers π₯²π₯²πππ
nakitendemaggie102@gmail.com
UG ANDA
Please Please i want my money
Why can’t buy one animal two times
I’ve lost all in bf ranch then!
Ehhhhhhhhhhhhhh ππππππππππππππππππππ
Why doesn’t government always follow these scammers?
Now tomorrow KCCA will run after my mom vending πππππ
BF ranch has closed and taken people’s moneyπ π€£problem with ugandans,you love investment ponzi schemes, the only online business that’s not a scam but needs your attention is crypto or forex trading
is bf runch still existind?
But it’snt the government behind it
How long do such companies exist
However the rate at which the people are multiplying is scarying
And the persuasive nature of making people join the ranch eh eh??
The government is there to make money, any one can register a company and tomorrow dispears. This guys have studied the system so well.
I have heard of many such things, but my take is; according to the information you’ve served us, bf is completely different from the one I always hear of, which is Utrading!
Can you clarify on it too?
Here is the article about uTrading https://www.kampalasun.com/utrading-scam-or-legit-making-money-online.html
Yeah, have heard there is also this platform, Van Gogh Movie, VGM, any details about it
Am also wondering why they Don’t allow to buy two times the animals
[…] as BLQ, Century Ranch, and Capital Chicken, among several others. Currently, the brooding scam is BF Rancher. It is run after the same pattern as BLQ and Century […]
So for sure there’s no way you can convince me because I know how much money I earning in Bfranch so guys try not to be a man of successful rather be a man of value I wish you to join in bfranch you will thank me later WhatsApp me0788488349
Tell them
Failure is success
My won’t be eaten you will hear Brandon has burst like a balloon. Poor Ugandans calm down, they will pay for it. When I saw snake, I feared being introduced to iluminat
Bf ranch I also heard that is ascamer website, there fore me I don’t advise some one to join,all online websites are scam
Everything is a risk. And not doing anything is a risk. I’m in BF ranch n earning.
Another why to redeem points I have to buy the animal 490k first
Am also wondering π€ I have someone there he told me to buy snake then after I will be able to withdraw my points but I fear to be scammed yet he told if I fail to buy it I will never withdraw my points forever am here confused
these guys are fakes
Let me give it a try one more time.
Hello thanks for the opinion but my question is where is the government? Because they have power to close such business if not we shall continue trusting them because we have studied no job now what did they want us to do
Just itβs two ways round the company benefits or I benefit
Bf ranch has finished me but however the money they have taken is theirs
People are crying
Man, you are damn right! I support u a hundred percent.
Where is the government and what have the government done to such companies that come officially into the country and scum us..
It’s ridiculous though.
I conclude that if such businesses are scum, the government is also a scum.
Man, you are damn right! I support u a hundred percent.
Where is the government and what have the government done to such companies that come officially into the country and scum us..
It’s ridiculous though.
I conclude that if such businesses are scum, the government is also a scum.
Come what may
Indeed bf ranch you s a scam cause after redeeming the points, the company closed immediately so work upon what bible says man shall eat from his own sweat keep that.
my bro bought a snake at 490,000UGX and more animals before but still crying up to now, lets be sharp
IT IS A SCAM
We’re all crying π but just know what happened has happened and it can’t be changed
today 30th october no ranch is seen
I’ve lost all in bf ranch then!
Ehhhhhhhhhhhhhh ππππππππππππππππππππ
Why doesn’t government always follow these scammers?
Now tomorrow KCCA will run after my mom vending πππππ
Bf ranch has taken my money but no way to report my issue
It’s a scam they have already taken people’s money it was a scam
I bought two snakes 980,000UGX and my three brothers even them they bought plus my friends, I don’t know what we can do now
Bf ranch have ran away with people’s money there no where to be seen after tasking people’s to buy snake at 490000 to redeemed points each point exchanged for 1000 so as I talked now no let with anything
It’s all a scam people don’t trust any websites after collecting enough money they run
Am earning in BF ranch, so long live BF ranch
Kyatabuse dda,pipo are crying now
Guys closed
No no no government where are you because those are thieves
Hahahaaaa, my babe told me to a rabbit and withdraw is still loading but Uganda olemwa
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I bought asnake at 490000 and Sika dika at 450000 but my friends am looking for arope
Guys for me i knew this before after withdrawing 130k and it failed and after their, they sent me a message that a snake is on sale
and your points will be redeemed but remember it was a friday and withdraws could be received on monday.. So the snake was high priced and people were not that much who bought so they brought another bird for 29k on sat.
This amount was little for ranchers to have so these guys used this opportunity that it was a weekend so after redeeming your points (buying that bird), you could have smtg of 10m
So you think about the number of ranchers
that had the money on their accounts, remember some had bought the snake so those had bigger amounts than those who bought the bird…
so guys for i knew like 7 of my friends who bought the snake at smtg of 45k. And remember the ranchers were 90000+ so every one during the weekend made a withdraw waiting for it after 24 to 45 hrs while some had bought all the animals that were sold including the cow, sika dear, etc… But am telling you on monday at 6am bf ranch had its closure taking our money in that way..