IT Finance provides no information on its website about who owns or runs the company.
IT Finance’s website domain (“itfinanceai.com”) was privately registered on February 21st, 2020.
In an attempt to appear legitimate, IT Finance provides a UK incorporation number on its website.
This number corresponds with IT Finance Services LTD, which was incorporated back in 2014.
Given IT Finance didn’t exist until a few months ago, it is unlikely this UK incorporation has anything to do with it.
In any event, UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.
The sole admin of IT Finance’s official Facebook group is Mauricio Hubbard (right).
On his Facebook profile, Hubbard represents he is based out of Sinaloa, Mexico.
Last July Hubbard was promoting FX Trait, a forex signals service.
By September 2019 FX Trait had collapsed, exit-scamming with collected membership fees.
Possibly due to language-barriers, I was unable to establish anything further on Hubbard’s MLM history.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
IT Finance’s Products
IT Finance has no retailable products or services, with affiliates only able to market IT Finance affiliate membership itself.
IT Finance’s Compensation Plan
IT Finance affiliates invest funds on the promise of advertised returns:
- invest $10 to $500 and receive a 244% ROI over 120 days
- invest $501 to $1500 and receive a 156% ROI over 40 days
- invest $1501 to $3000 and receive a 172% ROI over 40 days
- invest $3001 or more and receive a 205% ROI over 50 days
IT Finance Affiliate Ranks
There are fifteen affiliate ranks in IT Finance’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Rank 1 – sign up as an IT Finance affiliate and invest $10 or more
- Rank 2 – invest $300 and generate $5000 in unilevel team investment volume
- Rank 3 – invest $750 and generate $20,000 in unilevel team investment volume
- Rank 4 – invest $1500 and generate $50,000 in unilevel team investment volume
- Rank 5 – invest $3000 and generate $100,000 in unilevel team investment volume
- Rank 6 – invest $5000 and generate $200,000 in unilevel team investment volume
- Rank 7 – invest $8000 and generate $500,000 in unilevel team investment volume
- Rank 8 – invest $12,000 and generate $700,000 in unilevel team investment volume
- Rank 9 – invest $15,000 and generate $1,000,000 in unilevel team investment volume
- Rank 10 – invest $20,000 and generate $1,500,000 in unilevel team investment volume
- Rank 11 – invest $35,000 and generate $4,000,000 in unilevel team investment volume
- Rank 12 – invest $50,000 and generate $7,500,000 in unilevel team investment volume
- Rank 13 – invest $70,000 and generate $15,000,000 in unilevel team investment volume
- Rank 14 – invest $100,000 and generate $30,000,000 in unilevel team investment volume
- Rank 15 – invest $150,000 and generate $50,000,000 in unilevel team investment volume
Referral Commissions
IT Finance pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
IT Finance caps payable unilevel team levels at twenty-five.
Referral commissions are paid out as a percentage of funds invested across these twenty-five levels.
How many unilevel team levels an IT Finance affiliate qualifies to earn referral commissions on is determined by rank:
- Rank 1 – 6% on level 1 (personally recruited affiliates), 2% on level 2 an 1% on levels 3 and 4
- Rank 2 – 6% on level 1, 2% on level 2 an 1% on levels 3 to 5
- Rank 3 – 6% on level 1, 3% on level 2 an 2% on level 3, 1% on levels 4 and 5 and 0.5% on level 6
- Rank 4 – 7% on level 1, 3% on level 2, 2% on levels 3 and 4, 1% on level 5 and 0.5% on levels 6 and 7
- Rank 5 – 7% on level 1, 4% on level 2, 2% on levels 3 and 4, 1% on level 5 and 0.5% on levels 6 to 8
- Rank 6 – 7% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 and 6 and 0.5% on levels 7 to 9
- Rank 7 – 8% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 7 and 0.5% on levels 8 to 10
- Rank 8 – 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8 and 0.5% on levels 9 to 11
- Rank 9 – 8% on level 1, 5% on level 2, 4% on level 3, 2% on level 4, 1% on levels 5 to 8 and 0.5% on levels 9 to 12
- Rank 10 – 9% on level 1, 5% on level 2, 4% on level 3, 2% on level 4, 1% on levels 5 to 10 and 0.5% on levels 11 to 14
- Rank 11 – 9% on level 1, 5% on level 2, 4% on level 3, 2% on level 4, 1% on levels 5 to 11 and 0.5% on levels 12 to 16
- Rank 12 – 9% on level 1, 5% on level 2, 4% on level 3, 3% on level 4, 2% on level 5, 1% on levels 6 to 14 and 0.5% on levels 15 to 18
- Rank 13 – 10% on level 1, 6% on level 2, 5% on level 3, 3% on level 4, 2% on level 5, 1% on levels 6 to 15 and 0.5% on levels 16 to 20
- Rank 14 – 10% on level 1, 6% on level 2, 5% on level 3, 4% on level 4, 3% on level 5, 2% on level 6, 1% on levels 7 to 16 and 0.5% on levels 17 to 22
- Rank 15 – 10% on level 1, 7% on level 2, 6% on level 3, 5% on level 4, 4% on level 5, 3% on level 6, 2% on level 7, 1% on levels 8 to 17 and 0.5% on levels 18 to 25
Rank Achievement Bonus
IT Finance rewards affiliates who qualify from Rank 2 with the following Rank Achievement Bonuses:
- qualify at Rank 2 and receive $50
- qualify at Rank 3 and receive $200
- qualify at Rank 4 and receive $500
- qualify at Rank 5 and receive $1000
- qualify at Rank 6 and receive $1500
- qualify at Rank 7 and receive $2000
- qualify at Rank 8 and receive $3000
- qualify at Rank 9 and receive $5000
- qualify at Rank 10 and receive $7500
- qualify at Rank 11 and receive $20,000
- qualify at Rank 12 and receive $40,000
- qualify at Rank 13 and receive $75,000
- qualify at Rank 14 and receive $150,000
- qualify at Rank 15 and receive $300,000
Joining IT Finance
IT Finance affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $10 investment.
Conclusion
IT Finance represents it generates external ROI revenue via “cryptocurrency and forex trading services”.
No evidence of any trading activity within IT Finance taking place is provided. Nor is there any evidence of external revenue of any kind being used to pay advertised returns.
Furthermore IT Finance’s business model fails the Ponzi logic test.
If Mauricio Hubbard already has an AI trading bot capable of generating 205% every 50 days, what does he need your money for?
As it stands the only verifiable source of revenue entering IT Finance is new investment.
Using new investment to pay affiliates returns of up to 205% every 50 days makes IT Finance a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies off so too will new investment.
This will starve IT Finance of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.