iBG Finance Review: IBG Ponzi points investment fraud

iBG Finance operates in the cryptocurrency MLM niche.

The company provides a corporate address in Seychelles on its website. Further research reveals the same address tied to dozens of shell companies, suggesting iBG Finance has no physical presence in Seychelles.

Heading up iBG Finance is co-founder Vin Menon (right).

iBG Finance’s other co-founders aren’t disclosed.
This is a red flag.

According to his LinkedIn profile, Menon is based out of Singapore. As opposed to Seychelles, this is likely where iBG Finance is being operated from.

I wasn’t able to put together an MLM history on Menon. As per his LinkedIn profile though, Menon has a background in IT.

Menon appears to have rebranded as a blockchain bro mid 2018. The typical string of failed cryptocurrency projects followed, leading up to iBG Finance’s launch last month.

Read on for a full review of iBG Finance’s MLM opportunity.

iBG Finance’s Products

iBG Finance has no retailable products or services.

iBG Finance affiliates are only able to market iBG Finance affiliate membership itself.

iBG Finance’s Compensation Plan

iBG Finance affiliates invest in IBG tokens on the promise of advertised returns.

IBG token investment tiers are:

$1000

$5000

$10,000

$50,000

$100,000

Once invested in, IBG tokens are parked with iBG Finance for 30, 60 or 90 days:

park invested IBG tokens for 30 days and receive a 5% ROI

park invested IBG tokens for 60 days and receive a 6% ROI

park invested IBG tokens for 90 days and receive a 7% ROI

Based on the use of “daily yield” terminology, I believe these are daily ROI rates.

The MLM side of iBG Finance’s compensation plan pays on investment by recruited affiliate investors.

Although no explicitly clarified, I believe iBG Finance pay commissions and daily returns in IBG tokens.

Referral Commissions

iBG Finance pays referral commissions on invested funds, capped based on how much an affiliate has invested.

20% of funds invested by affiliates is paid out as a referral commission, split down three levels of recruitment:

level 1 (personally recruited affiliates) – 40% of 20%

level 2 – 30% of 20%

level 3 – 20% of 20%

What happens to the remaining 10% is unclear.

The cap comes into play each time a referral commission is generated.

E.g. you invest at the $5000 tier and recruit someone who invests $10,000.

You will receive 40% of $5000 (40% = level 1 and you invested at $5000). The remaining 40% of $5000 will be paid upline to affiliates who have invested more than $5000.

With this investment amount, that would be the first upline affiliate who has invested at $10,000.

In this manner, iBG Finance affiliates who have invested in the higher tiers are able to collect referral overrides from beyond three levels of their unilevel team.

See “Matching Bonus” below for details of the unilevel team compensation structure.

Matching Bonus

iBG Finance pays a Matching Bonus on daily returns paid to downline affiliates.

The Matching Bonus is paid ou

🤖 Quick Answer

What is iBG Finance?

What are the red flags surrounding iBG Finance's legitimacy?
The company's registered Seychelles address is associated with dozens of shell companies, indicating no physical presence. Additionally, non-disclosure of other co-founders and Menon's undocumented MLM history raise significant transparency concerns.

What is Vin Menon's professional background?
According to LinkedIn, Menon possesses an IT background and is Singapore-based. He rebranded into cryptocurrency and blockchain during mid-2018, subsequently engaging in multiple cryptocurrency projects.

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