IT Finance Review – Ponzi Scheme – MLM Scam

Website & Company Information

The web domain was registered privately on the 21st of February, 2020. We couldn’t find any information about the owner or the team on the website.

The company provides a UK incorporation number on its website and also their HQ. Address. We ran a search on the attached number ‘08925887’, and we found that the number corresponds to IT Finance Services LTD — registered back in 2014.

Fact: The UK is one of the most favourable jurisdictions for scammers, and 90% of all the shady MLMs are registered in the UK Also, UK incorporation is dirt cheap.

Copy-Pasted Content

We are very consistent in researching ‘claims and promises’ of these MLMs, and we did the same analysis on IT Finance too. To our amazement, we have found that the content written on the ‘About’ page of the website is plagiarized and the content is taken from another MLM site, ‘stabilbtc.com’. It can be possible that the administrators of both websites are the same.

The Facebook group run by the company’s admin

Mauricio Hubbard runs the biggest Facebook group of IT Finance. And his profile suggests that he is based out of Sinaloa, Mexico.

Mauricio’s track record has not been good. Last year, he was seen promoting FX. Traits. And since FX. Traits was a forex signal based Ponzi scheme, its days were numbered, and it had to close doors in September 2019.

Note: By the time you read this article and try to find him on Facebook, he may have either deleted his account or deactivated it.

Anyways, IT Finance is not looking good so far, but let’s stick together till the end of the review.

IT Finance’s Products

The company doesn’t have any retail line to speak of, but only its affiliate membership aimed at making money and increasing its user base.

If an MLM opportunity is operating or serving clients from the US and Canada, then it must have a retail option. Otherwise, the business will be deemed illegal.

IT Finance’s Compensation Plan

The affiliates invest money in anticipation of ROIs that range between 156% to 244%, paid in 40–120 days.

Here is the breakdown returns and the criteria to be fulfilled by the affiliates:

  • invest $10-$500 and get a 244% ROI over 120 days
  • invest $501-$1500 and get a 156% ROI over 40 days
  • invest $1501- $3000 and get a 172% ROI over 40 days
  • invest a minimum of $3001 or more and get a 205% ROI over 50 days

IT Finance Affiliate Ranks

IT Finance’s compensation plan has 15 affiliate ranks, each with a qualification criterion. They are as follows:

  • Rank 1 — Invest a minimum amount of $10 or more after signing up as an IT Finance affiliate
  • Rank 2 — generate $5000 in unilevel team investment volume and invest a minimum amount of $300
  • Rank 3 — generate $20,000 in unilevel team investment volume and invest a minimum amount of $750
  • Rank 4 — generate $50,000 in unilevel team investment volume and invest a minimum amount of $1500
  • Rank 5 — generate $100,000 in unilevel team investment volume and invest a minimum amount of $3000
  • Rank 6 — generate $200,000 in unilevel team investment volume and invest a minimum amount of $5000
  • Rank 7 — generate $500,000 in unilevel team investment volume and invest a minimum amount of $8000
  • Rank 8 — generate $700,000 in unilevel team investment volume and invest a minimum amount of $12,000
  • Rank 9 — generate $1,000,000 in unilevel team investment volume and invest a minimum amount of $15,000
  • Rank 10 — generate $1,500,000 in unilevel team investment volume and invest a minimum amount of $20,000
  • Rank 11 — generate $4,000,000 in unilevel team investment volume and invest a minimum amount of $35,000
  • Rank 12 — generate $7,500,000 in unilevel team investment volume and invest a minimum amount of $50,000
  • Rank 13 — generate $15,000,000 in unilevel team investment volume and invest a minimum amount of $70,000
  • Rank 14 — generate $30,000,000 in unilevel team investment volume and invest a minimum amount o f$100,000
  • Rank 15 — generate $50,000,000 in unilevel team investment volume and invest a minimum amount of $150,000

Referral Commissions

The company’s affiliates are paid referral commissions via a unilevel compensation structure, capped at 25 levels.

Commissions per rank are as follows:

  • Rank 1–6% on level 1 (direct recruits), 2% on level 2 and 1% on levels 3 and 4
  • Rank 2–6% on level 1, 2% on level 2 and 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

The company also rewards its affiliates who qualify from Rank 2 with the Rank Achievement Bonuses. These bonuses start from $50 and go all the way up to $300,000. Learn more about it on the official site: https://itfinanceai.com/Home/Affiliate

Joining IT Finance

Fees to join the IT finance affiliate membership is zero. However, if someone wants to join the attached income opportunity, then the minimum required investment is $10 (Rank 1).

Conclusion

In our research, we couldn’t find a genuine proof that shows the income stream of the company. They are giving massive ROI to their affiliates, and they must be having a robust external revenue source, right?

Well, they claim that they make money via, ‘cryptocurrency and forex trading services’ but we doubt it is really the case.

Keeping the revenue-generating lie aside, think about this for a moment, if the owner/owners of the company can make 205% every 50 days, then why do they need your money? That too a mere $10 to start with?

So here it is, the only way this company is making money and distributing returns is via new investments. And using the new investment to pay existing affiliates makes it a Ponzi scheme.

And once the new money stops coming in, the system will collapse and your investment will be long gone!!!