IT Finance offers no data on its web site about who owns or runs the corporate.
IT Finance’s web site area (“itfinanceai.com”) was privately registered on February twenty first, 2020.
In an try to look respectable, IT Finance offers a UK incorporation quantity on its web site.
This quantity corresponds with IT Finance Providers LTD, which was integrated again in 2014.
Given IT Finance didn’t exist till a couple of months in the past, it’s unlikely this UK incorporation has something to do with it.
In any occasion, UK incorporation is grime low cost and successfully unregulated. It’s a favored jurisdiction for scammers trying to incorporate dodgy corporations.
The only admin of IT Finance’s official Fb group is Mauricio Hubbard (proper).
On his Fb profile, Hubbard represents he’s primarily based out of Sinaloa, Mexico.
Final July Hubbard was selling FX Trait, a foreign exchange alerts service.
By September 2019 FX Trait had collapsed, exit-scamming with collected membership charges.
Probably attributable to language-barriers, I used to be unable to determine something additional on Hubbard’s MLM historical past.
As at all times, if an MLM firm is just not brazenly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
IT Finance’s Merchandise
IT Finance has no retailable services or products, with associates solely in a position to market IT Finance affiliate membership itself.
IT Finance’s Compensation Plan
IT Finance associates make investments funds on the promise of marketed returns:
- make investments $10 to $500 and obtain a 244% ROI over 120 days
- make investments $501 to $1500 and obtain a 156% ROI over 40 days
- make investments $1501 to $3000 and obtain a 172% ROI over 40 days
- make investments $3001 or extra and obtain a 205% ROI over 50 days
IT Finance Affiliate Ranks
There are fifteen affiliate ranks in IT Finance’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Rank 1 – join as an IT Finance affiliate and make investments $10 or extra
- Rank 2 – make investments $300 and generate $5000 in unilevel crew funding quantity
- Rank 3 – make investments $750 and generate $20,000 in unilevel crew funding quantity
- Rank 4 – make investments $1500 and generate $50,000 in unilevel crew funding quantity
- Rank 5 – make investments $3000 and generate $100,000 in unilevel crew funding quantity
- Rank 6 – make investments $5000 and generate $200,000 in unilevel crew funding quantity
- Rank 7 – make investments $8000 and generate $500,000 in unilevel crew funding quantity
- Rank 8 – make investments $12,000 and generate $700,000 in unilevel crew funding quantity
- Rank 9 – make investments $15,000 and generate $1,000,000 in unilevel crew funding quantity
- Rank 10 – make investments $20,000 and generate $1,500,000 in unilevel crew funding quantity
- Rank 11 – make investments $35,000 and generate $4,000,000 in unilevel crew funding quantity
- Rank 12 – make investments $50,000 and generate $7,500,000 in unilevel crew funding quantity
- Rank 13 – make investments $70,000 and generate $15,000,000 in unilevel crew funding quantity
- Rank 14 – make investments $100,000 and generate $30,000,000 in unilevel crew funding quantity
- Rank 15 – make investments $150,000 and generate $50,000,000 in unilevel crew funding quantity
Referral Commissions
IT Finance pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned instantly beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
IT Finance caps payable unilevel crew ranges at twenty-five.
Referral commissions are paid out as a proportion of funds invested throughout these twenty-five ranges.
What number of unilevel crew ranges an IT Finance affiliate qualifies to earn referral commissions on is decided by rank:
- Rank 1 – 6% on degree 1 (personally recruited associates), 2% on degree 2 an 1% on ranges 3 and 4
- Rank 2 – 6% on degree 1, 2% on degree 2 an 1% on ranges 3 to five
- Rank 3 – 6% on degree 1, 3% on degree 2 an 2% on degree 3, 1% on ranges 4 and 5 and 0.5% on degree 6
- Rank 4 – 7% on degree 1, 3% on degree 2, 2% on ranges 3 and 4, 1% on degree 5 and 0.5% on ranges 6 and seven
- Rank 5 – 7% on degree 1, 4% on degree 2, 2% on ranges 3 and 4, 1% on degree 5 and 0.5% on ranges 6 to eight
- Rank 6 – 7% on degree 1, 4% on degree 2, 3% on degree 3, 2% on degree 4, 1% on ranges 5 and 6 and 0.5% on ranges 7 to 9
- Rank 7 – 8% on degree 1, 4% on degree 2, 3% on degree 3, 2% on degree 4, 1% on ranges 5 to 7 and 0.5% on ranges 8 to 10
- Rank 8 – 8% on degree 1, 5% on degree 2, 3% on degree 3, 2% on degree 4, 1% on ranges 5 to eight and 0.5% on ranges 9 to 11
- Rank 9 – 8% on degree 1, 5% on degree 2, 4% on degree 3, 2% on degree 4, 1% on ranges 5 to eight and 0.5% on ranges 9 to 12
- Rank 10 – 9% on degree 1, 5% on degree 2, 4% on degree 3, 2% on degree 4, 1% on ranges 5 to 10 and 0.5% on ranges 11 to 14
- Rank 11 – 9% on degree 1, 5% on degree 2, 4% on degree 3, 2% on degree 4, 1% on ranges 5 to 11 and 0.5% on ranges 12 to 16
- Rank 12 – 9% on degree 1, 5% on degree 2, 4% on degree 3, 3% on degree 4, 2% on degree 5, 1% on ranges 6 to 14 and 0.5% on ranges 15 to 18
- Rank 13 – 10% on degree 1, 6% on degree 2, 5% on degree 3, 3% on degree 4, 2% on degree 5, 1% on ranges 6 to fifteen and 0.5% on ranges 16 to twenty
- Rank 14 – 10% on degree 1, 6% on degree 2, 5% on degree 3, 4% on degree 4, 3% on degree 5, 2% on degree 6, 1% on ranges 7 to 16 and 0.5% on ranges 17 to 22
- Rank 15 – 10% on degree 1, 7% on degree 2, 6% on degree 3, 5% on degree 4, 4% on degree 5, 3% on degree 6, 2% on degree 7, 1% on ranges 8 to 17 and 0.5% on ranges 18 to 25
Rank Achievement Bonus
IT Finance rewards associates who qualify from Rank 2 with the next Rank Achievement Bonuses:
- qualify at Rank 2 and obtain $50
- qualify at Rank 3 and obtain $200
- qualify at Rank 4 and obtain $500
- qualify at Rank 5 and obtain $1000
- qualify at Rank 6 and obtain $1500
- qualify at Rank 7 and obtain $2000
- qualify at Rank 8 and obtain $3000
- qualify at Rank 9 and obtain $5000
- qualify at Rank 10 and obtain $7500
- qualify at Rank 11 and obtain $20,000
- qualify at Rank 12 and obtain $40,000
- qualify at Rank 13 and obtain $75,000
- qualify at Rank 14 and obtain $150,000
- qualify at Rank 15 and obtain $300,000
Becoming a member of IT Finance
IT Finance affiliate membership is free.
Full participation within the hooked up earnings alternative nonetheless requires a minimal $10 funding.
Conclusion
IT Finance represents it generates exterior ROI income by way of “cryptocurrency and foreign currency trading providers”.
No proof of any buying and selling exercise inside IT Finance happening is offered. Neither is there any proof of exterior income of any form getting used to pay marketed returns.
Moreover IT Finance’s enterprise mannequin fails the Ponzi logic check.
If Mauricio Hubbard already has an AI buying and selling bot able to producing 205% each 50 days, what does he want your cash for?
Because it stands the one verifiable income coming into IT Finance is new funding.
Utilizing new funding to pay associates returns of as much as 205% each 50 days makes IT Finance a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies off so too will new funding.
It will starve IT Finance of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.