iComTech gives no data on their web site about who owns or runs the enterprise.
The iComTech web site area (“icomtech.io”) was privately registered on July nineteenth, 2018.
The web site itself seems to be a cookie-cutter theme. Buried within the iComTech web site source-code is reference to “The ICO Crypto Workforce”.
Numerous fictional executives are listed within the default theme. Sometimes an MLM cryptocurrency will create new names and new inventory photographs to idiot individuals with.
iComTech didn’t hassle and as an alternative selected to simply remark out faux administration data so viewers don’t see it.
For these curious, the theme used is “Cryptico” from Ocean Themes ($59).
As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
iComTech Merchandise
iComTech has no retailable services or products, with associates solely in a position to market iComTech affiliate membership itself.
The iComTech Compensation Plan
iComTech associates make investments bitcoin on the promise of an marketed 0.9% to 2.8% day by day ROI.
- IT1 – $300 value of bitcoin
- IT2 – $600 value of bitcoin
- IT3 – $1000 value of bitcoin
- IT4 – $1500 value of bitcoin
- IT5 – $2500 value of bitcoin
- IT6 – $5000 value of bitcoin
The iComTech web site doesn’t specify a ROI cap.
Recruitment Commissions
iComTech pay recruitment commissions down two ranges of recruitment:
- degree 1 (personally recruited associates) – 20% of invested funds
- degree 2 – 3%
Residual Commissions
iComTech pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary crew, cut up into two sides (left and proper):
The primary degree of the binary crew homes two positions. The second degree of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary crew are crammed by way of direct and oblique recruitment of associates. Observe there isn’t a restrict to how deep a binary crew can develop.
Every iComTech funding bundle corresponds to a set variety of factors:
- IT1 – 150 factors
- IT2 – 300 factors
- IT3 – 500 factors
- IT4 – 750 factors
- IT5 – 1250 factors
- IT6 – 2500 factors
On the finish of every day iComTech tallies up new funding quantity based mostly on the above level values.
Associates are paid a share of matched factors on each side of the binary, based mostly on the best tier they’ve invested in.
- IT1 associates obtain a 16% residual fee fee
- IT2 associates obtain a 17% residual fee fee
- IT3 associates obtain an 18% residual fee fee
- IT4 associates obtain a 19% residual fee fee
- IT5 associates obtain a 20% residual fee fee
- IT6 associates obtain a 21% residual fee fee
Becoming a member of iComTech
iComTech affiliate membership is tied to a $300 to $5000 or extra funding in bitcoin.
Conclusion
We’re on the level the place a scammer, or group of scammers, should purchase a web site template and launch an MLM cryptocurrency rip-off for lower than $100.
iComTech payments itself as a “technological establishment based mostly on bitcoin”.
Our goal is to advertise and disseminate data about new data applied sciences based mostly on decentralized ecosystems such because the BITCOIN.
The bitcoin hey?
In actuality iComTech’s enterprise mannequin, exterior of utilizing it a automobile to commit fraud, has nothing to do with bitcoin.
iComTech declare to generate exterior ROI income by way of the cryptocurrency buying and selling and mining cliché.
No proof of iComTech engaged in cryptocurrency mining or buying and selling is supplied.
Moreover iComTech’s claims fail the Ponzi logic take a look at.
If iComTech was in a position to legitimately generate a constant 0.9% to 2.8% day by day ROI, they’d haven’t any purpose to solicit funding from randoms over the web by way of a $59 web site.
The one verifiable income getting into iComTech is new funding.
Utilizing newly invested funds to pay present associates a ROI makes iComTech scheme.
Recruitment and residual commissions spherical out the rip-off, including an extra pyramid layer to the scheme.
As with all MLM Ponzi schemes, as soon as affiliate membership drops off so too will new funding.
This may starve iComTech of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of buyers lose cash.
Replace twenty fourth November 2022 – iComTech founder David Carmona and several other accomplices have been arrested within the US.
Replace twenty fifth Might 2023 – The CFTC has additionally sued the iComTech Defendants for commodities fraud.