InovoCB Review: Is This ‘Cashback’ Scheme Just Another Ponzi?
- MLM Reviews
- September 17, 2024
Welcome to my InovoCB Review!
InovoCB recently entered the MLM world, claiming to offer cashback for receipts—but is it really a legitimate business or just another Ponzi scheme? With unverifiable leadership, questionable practices, and a reliance on recruitment, it’s time to take a closer look at whether InovoCB is worth your time or just a risk to your wallet.
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Who’s Really Running InovoCB Review? No One Knows
One of the biggest red flags with InovoCB is the lack of transparency about its leadership. The company names Jimmy Nogues and John Martinez as co-founders, but there’s no additional information provided about these individuals. In fact, after some investigation, it appears these names don’t exist outside of InovoCB’s website.
The company’s domain, “inovocb.com,” was privately registered on September 29th, 2023. Despite claiming to be based in Ontario, Canada, the site defaults to French, hinting that the real admin might be based in a French-speaking country. Whether InovoCB has any real ties to Ontario remains unclear, and that’s something to keep in mind when considering this platform.
InovoCB’s Products: Cashback or Smoke and Mirrors?
InovoCB claims to offer a cashback system where subscribers can upload receipts and receive up to 20% back on approved purchases. The cashback is capped at $200 for retail subscribers and $300 for affiliates, but there’s more to the story. Affiliates pay a $100 monthly subscription, which raises questions about how the business is making money.
There’s also a free subscription option, but it doesn’t seem to have any connection to the income-generating side of the business.
InovoCB Compensation Plan: Heavily Focused on Recruitment
InovoCB’s compensation plan is centered around recruiting new members. Affiliates earn daily commissions based on how many subscribers they bring in and maintain in their downline. Here’s how the ranks and payouts break down:
- VIP: Recruit three subscribers, earn $4 a day
- Elite: 12 subscribers, earn $15 a day
- Executive: 40 subscribers, earn $24 a day
- Ambassador: 1000 subscribers, earn $300 a day
- Diamond Ambassador: 8000 subscribers, earn $2000 a day
The more people you recruit, the higher you climb in the ranks and the more you earn. But there’s a catch: no more than 50% of your downline can come from one leg of your recruitment, making it even harder to hit those high earnings.
Cost to Join InovoCB Reviews?
While InovoCB offers free membership, full participation in the cashback scheme and earning opportunities requires an affiliate membership of $50 per month and a $100 monthly subscription.
InovoCB Review Conclusion: A Ponzi Scheme in Disguise?
InovoCB’s business model raises several red flags. While it presents itself as a cashback service, there’s no real evidence that uploading random receipts generates revenue. Instead, the entire system appears to rely on recruitment, similar to failed Ponzi schemes like Saivian.
As with all Ponzi schemes, once recruitment slows down, the payouts will stop, and the system will collapse—leaving most participants at a loss.
If you’re considering joining InovoCB, think carefully. Ponzi schemes always end the same way: with most people losing their money.
Have you had any experience with InovoCB? Let us know in the comments below!
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