InnovaTech Review  –  Ponzi Scheme  – MLM Scam

Website & Company Information

The web domain of the company was privately registered on the 01st of October 2019 The company provides no information on its website about who owns or runs the company.

The website’s front end is nothing but a login form that resonates with some other affiliates marketing forms we have seen so far. We tried to find some more information about the company on the internet. All we could see is the majority of their videos are in Spanish. This suggests that the admins are from Spain or some nearby region.

As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.

InnovaTech’s Products

The company has no products or services to offer, but only its affiliate membership plan aimed at pumping new users into the system.

This is a matter of concern because an MLM must have a retail option if it is serving clients worldwide. For example, in Canada and the U.S, an MLM cannot operate without a retail opportunity.

This company is catering to clients around the world without having any retail option.

InnovaTech’s Compensation Plan

The affiliates of the company invest between $350 to $50,000 on the promise of a four year ROI:

  • Iron — $350
  • Bronze — $750
  • Silver — $1500
  • Gold — $3000
  • Platinum $6000
  • Diamond — $12,000
  • Challenger — $24,000
  • Champion — $50,000

These affiliates choose their mode of returns:

  1. 9% a month;
  2. 80% every six months; or
  3. 210% annually

Referral Commissions

The company also pays referral commissions on funds invested by direct recruits. These returns are determined by which ROI schedule personally recruited affiliates opt for:

  • get 10% on funds invested with a monthly ROI schedule
  • get 12% on funds invested with six month ROI schedule
  • get 14% on funds invested with an annual ROI schedule

Residual Commissions

The company pays residual commissions via a binary compensation structure.

Affiliates are paid 5% of funds invested on the weaker binary team side.

Once paid out on, funds are matched against the stronger side and flushed. Any residual investment volume on the stronger binary team side carries over.

Auto & Home Lifestyle Bonus

The company also rewards its affiliates a six-tier monthly Auto & Home Lifestyle Bonus. It is a simple cash bonus that can be spent on anything.

Below are the qualifications for each tier:

  • invest at Bronze or higher and generate $10,000 in weaker binary team side investment volume for the month = This gets you a bonus of $750
  • invest at Bronze or higher and generate $20,000 in weaker binary team side investment volume for the month = This gets you a bonus of $1500
  • invest at Silver or higher and generate $30,000 in weaker binary team side investment volume for the month = This gets you a bonus of $2300
  • invest at Silver or higher and generate $40,000 in weaker binary team side investment volume for the month = This gets you a bonus of $2800
  • invest at Platinum or higher and generate $50,000 in weaker binary team side investment volume for the month = This gets you a bonus of $3500
  • invest at Platinum or higher and generate $60,000 in weaker binary team side investment volume for the month = This gets you a bonus of $5000
  • invest at Diamond or higher and generate $100,000 in weaker binary team side investment volume for the month = This gets you a bonus of $7000
  • invest at Diamond or higher and generate $150,000 in weaker binary team side investment volume for the month = This gets you a bonus of $11,000
  • invest at Competitor or higher and generate $200,000 in weaker binary team side investment volume for the month = This gets you a bonus of $14,000
  • invest at Champion or higher and generate $300,000 in weaker binary team side investment volume for the month = This gets you a bonus of $21,000

Joining InnovaTech

Joining the company as an affiliate is tied to investment in one of their plans:

  • Iron — $350
  • Bronze — $750
  • Silver — $1500
  • Gold — $3000
  • Platinum $6000
  • Diamond — $12,000
  • Challenger — $24,000
  • Champion — $50,000

InnovaTech charges a 7% admin fee on your investment amount.

Conclusion

The company claims of generating revenue via various sources, these ‘sources’ include:

They also claim to be around since the last 12 years, which is an outright lie.

InnovaTech didn’t exist until late 2019. Secondly, if the admins of the company have been generating 210%/year for over a decade, what do they need your money for? This fails the Ponzi Logic Test.

The only ultimate source of income entering InnovaTech is new investment. And Using new investment to pay InnovaTech affiliates a return makes InnovaTech a Ponzi scheme.