iCooperative Review  –  Ponzi Scheme  –  MLM Scam

Website & Company Information

The web domain of the company was privately registered on the 14th of July 2019 and was later updated on 2019–07–16. The company provides no information on its website about who owns or runs the company.

We scanned the U.S address provided on the site, and it appears to be a default dummy address that comes with WordPress theme template.

iCooperative’s Products

The company does not have a retail option to speak of, with affiliates only able to market iCooperative affiliate membership itself. Affiliate membership into the company will provide you access to ebooks.

iCooperative’s Compensation Plan

ICooperative affiliates purchase $ 20 positions in three matrices. Commissions are paid when others directly and indirectly recruited affiliates do the same.

Matrix sizes used by the company are 3×10, 5×10 and 10×10.

The positions in the matrices are filled continuously simultaneously via direct and indirect recruitment of new affiliates.

Note: For consistent payment, each iCooperative affiliate must recruit one new affiliate each month.

Example

In a 3×10 matrix, an affiliate is placed at the top of a matrix, with three positions directly under them. And the 1st of the matrix is formed by these three positions. Then the 2nd of the matrix is generated by splitting each of these positions into other positions each.

In the same manner, levels three to ten of the said matrix are generated,

Levels three to ten of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.

The 5×10 matrix is almost the same where an affiliate is placed at the top of a matrix, with five positions directly under them. This matrix expands by multiples of five each level (5 positions on level 1, 25 positions on level 2 etc.).

A 10×10 follows, starting with ten positions on level 1, one hundred positions on level 2 and so on and so forth down ten levels.

Joining iCooperative

iCooperative affiliate membership is $20.

Conclusion

Once you do this you will be entered into our global earning system where you will earn millions of dollars within a very short time.

So they are basically saying that they will make you a millionaire off a one-time $20 payment. The program fails the Ponzi logic test because if the owners are able to convert $20 into $1,000,000 (MINIMUM) then why aren’t they turning their pennies into billions? Why do they need your $20? It doesn’t make any sense, right?

Fact: It is not a one-time payment, you will need to buy the positions hundreds of thousands of time to win, which is basically impossible.

iCooperative is a simple pyramid scheme where you sign up and pay $20. A portion of $20 goes to the pocket of the owners, and the rest is spent by the company in paying commissions.

You know the maths behind these Ponzi schemes where they pay only till fresh money keeps coming in. Once new recruitment stop, owners take the pile of cash with them and you basically get scammed!