iBuumerang Withdrawals Disabled for a Month

iBuumerang Withdrawals Disabled for a Month – Is This Just a Payment Processor “Upgrade” or a Cover Story?

Imagine building a team, grinding referrals, pushing travel discount memberships and forex voodoo, and then waking up one day to find your commissions frozen for over a month.

No warning. No new processor. No transparency.

Welcome to the current iBuumerang circus — where withdrawals were paused on April 18th, and now, over a month later, affiliates are still waiting for the “new payment system” to magically appear.

The company says it’s just a payout upgrade. But let’s be real: when the same guy behind this company is under federal investigation for a Ponzi scheme, you have to ask…

Is this really a technical delay — or a financial red flag big enough to be seen from space?

Let’s break this down the way a seasoned Ponzi hunter would.

Now before I get into this…

Do you want to know a 100% legit way to make an income from home with crypto?

What if you could build a passive income stream that’s actually passive?

An income stream that doesn’t require:

• Being on the phone all day
• Wasting hours of your life when people no-show
• Trading your time for money
• Financial stress during a bad month
• Letting someone else control your fate
• No Trading or mining
• 100% Passive rewards from crypto 12% to 200% per year

Student below is up $1000 in a  week!

Remember, Lynn is brand new she just got started!

You know what is awesome about this method?

You could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing prospects and reciting the same sales pitch over and over again?

If that sounds like something you’d be interested in, check out New Digital Economy.

Now if you still want to learn more about what happened to iBuumerang keep reading…

Who Runs iBuumerang?

Our headliner here is none other than Holton Buggs, a man with more MLM scandals on his résumé than most people have jobs.

Buggs made his name with Organo Gold, jumped into crypto fraud, and by 2019 launched iBuumerang — originally a discount travel MLM. Because, of course, the best way to disrupt the travel industry is with a binary comp plan and overpriced subscriptions.

But wait, there’s more…

In October 2024, the CFTC charged Buggs for his role in promoting The Traders Domain, a crypto forex Ponzi scheme that made “click a button” platforms look ethical.

Now with regulatory heat turned all the way up, iBuumerang’s financial operations have started to resemble a sketchy shell game.

What Does iBuumerang Actually Offer?

Initially, iBuumerang was all about travel perks — think Expedia with MLM fees and extra hype. You pay for access to a membership portal, and maybe you score a slightly cheaper cruise… assuming you sell a few dozen memberships to cover your costs.

Later, they added Ellev8, a forex trading education add-on that conveniently led to more regulator attention. The word “Ponzi” started getting thrown around, especially as commissions were increasingly tied to recruitment over retail.

So in short, their real “product” today is:

1. The hope of travel deals

2. Forex training modules that smell like repackaged clickbait

3. And most importantly… commissions from recruiting new victims into the system

The iBuumerang Compensation Plan (Before Withdrawals Were Shut Off)

Let’s cut through the MLM fog. iBuumerang uses a binary comp plan, with bonuses on everything from Travel Savings Bonuses to Leadership Development Bonuses — all requiring you to recruit, build teams, and keep people paying monthly.

But all those fancy bonuses mean nothing when your money is locked in a payment portal that no longer exists.

Affiliates were told to withdraw from i-Payout by April 18th. Anyone who didn’t? Tough luck.

As of now:

• The i-Payout account is disabled

• No new payment processor has been named

• Affiliates can’t access commission payments

• And the promised “few weeks” has turned into a month (and counting)

Basically, your back office dashboard looks great… if you enjoy looking at numbers you can’t touch.

Cost to Join iBuumerang

iBuumerang’s model is built on monthly subscriptions, not retail customers.

You pay to play:

• Starter Kit: ~$49.95

• Travel packages: $250+

• Ellev8 forex education: ~$100/month

But here’s the kicker — you’re not just paying for tools. You’re paying to qualify for commissions. Which means if commissions aren’t being paid out, you’re stuck burning monthly fees with zero ROI.

So What’s Really Going On With iBuumerang Withdrawals?

Let’s put the timeline in focus:

• April 18th: Affiliates told they had two days to withdraw before i-Payout was pulled

• April 19th Webinar: VP Terrence Gray promises commissions will resume “in a week or two”

• May 13th: Still no processor, but an email says “it’s taking longer than expected”

• May 20th: Scheduled commission date is missed — again

And now? Affiliates are being told to wait till June 20th.

So why the delay?

Let’s be honest: migrating processors doesn’t take a month unless:

1. You’re lying

2. You can’t find a new processor

3. Or your business is now classified as high-risk thanks to your CEO being under federal investigation

Which brings us back to i-Payout. Once a reliable processor for many MLMs, they apparently dumped iBuumerang like a bad Tinder date — with zero notice.

Why?

We don’t have the receipts, but when Buggs is currently subject to an asset-freeze by the CFTC, and iBuumerang is tied to his name… no payment provider wants that smoke.

Is Your Money Even Safe?

Let’s not kid ourselves.

• There’s no named payout partner

• Affiliates haven’t been able to withdraw for over a month

• Buggs is facing serious allegations in the Traders Domain Ponzi case

• And the longer the silence, the greater the chance that funds are compromised or frozen

If iBuumerang was working with a new processor, they’d be shouting it from the rooftops. Instead, we get vague emails about “finalizing moving parts” — the MLM version of “our dog ate the commissions.”

Worse, high-risk MLMs often end up using shady, offshore processors. That raises a whole new level of risk: your funds could be held by unknown third parties, outside regulatory control.

Final Verdict: The Only Thing Flying Is Their Excuses

Let’s recap.

iBuumerang was:

• Already tied to travel hype and crypto/forex “education”

• Run by a man who promoted a $100M+ Ponzi scheme

• Now locked out of their payment processor with no new provider in sight

And now they’re telling you: “Trust us, your money’s coming… maybe in June.”

Sorry, but this smells worse than a week-old shrimp taco.

If you can’t pay affiliates, can’t name a processor, and your CEO is one subpoena away from becoming a Netflix documentary, then the only logical conclusion is:

This isn’t a delay — it’s a slow collapse.

So unless Buggs finds a miracle payout partner or wins his case with the CFTC (unlikely), iBuumerang could be circling the MLM drain like so many other “visionary” platforms before it.

Bottom Line: If you’re still holding out hope for a commission payday, you might want to withdraw emotionally, because financially… that ship sailed when i-Payout clicked “disable.”

Tired of Scams? My #1 Recommendation

If you landed on this blog, you want to actually know how to make money online right?  Specially with crypto.

First time ever we are offering a training where we are helping our students who are getting any where between 20% to $200% per year on their crypto with 100% complete control.

YOU control everything and not giving your funds away to some scamming company.

Once you learn this skill set, the sky is the limit when it comes to building wealth with crypto where you are in 100% control.

Here are some more results:

This student literally got started a few days ago and already started to make $5 per day!

We are getting over 2000% rewards with this one per year which is LIFE changing.

Take a look at one of our 62 year old students who profited $2,000:

Now we want to help YOU.

We have complete newbies who are just getting started and making their passive income stream online and then we have some students who have been with us for almost a year completely crushing it.

Digital Digital Economy is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.

I know you will make the right decision.

Follow me on Social media below:

Subscribe To My YouTube Channel Here.

Follow Me On Facebook Here.

Follow Me On Instagram Here.

Follow Me On Twitter Here.

Follow Me On Gab Here.

See you at the top,

-Jesse Singh

P.S.  If you are tired of failing ANY business, click here and check this out to take your game to the next level.