InCruises has received a pyramid scheme warning from Russia.
As per the
Central Bank of Russia’s November 17th warning
, InCruises exhibits “signs of a pyramid scheme”.
The Central Bank cites InCruises by name, as well as it’s website and a corporate suite address in Florida.
BehindMLM
first reviewed InCruises
in 2016
and again
in 2017.
The company is run by Michael Hutchison (right), who is based out of Orlando Florida.
From BehindMLM’s 2017 review;
I was weary of InCruises initial offering. In revamping the compensation plan, in my opinion, the company has gone from a questionable business model to a mix of pyramid and (potential) Ponzi fraud.
Based on the Central Bank of Russia’s recent warning, doesn’t sound like anything’s changed.
🤖 Quick Answer
What warning did Russia's Central Bank issue about InCruises?In November, Russia's Central Bank issued a formal warning identifying InCruises as exhibiting "signs of a pyramid scheme." The warning specifically cited the company's website and its corporate address in Florida, raising concerns about the legitimacy of its business model and compensation structure.
Who operates InCruises and when was it first reviewed?
InCruises is operated by Michael Hutchison, based in Orlando, Florida. The company was first reviewed by BehindMLM in 2016, with subsequent analysis in 2017 highlighting concerns about its compensation plan and business practices.
What structural issues were identified in InCruises' compensation plan?
BehindMLM's 2017 analysis indicated that InCruises' revised compensation plan transformed the company from a questionable business model into a structure exhibiting characteristics of both pyramid scheme and
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