Incloude provide no information on their website about who owns or runs the business.

Incloude claim to be ‘an Canadian company [sic], founded in 2012 and started trading on stock exchanges for the first time.‘

The Incloude website domain (“incloude.com”) was first registered in 2012. The domain registration was last updated on June 16th, 2017, which is likely when the current owners took possession of it.

A visit to the Wayback Machine confirms the Incloude website was hosting payday loan spam in 2012.

The domain was parked from 2013 till July, 2017, when the current owners uploaded the Incloude website as it is today.

In short, Incloude didn’t exist prior to June, 2017. Incloude’s claim it has been trading in Canada since 2012 is baloney.

A suite address in Calgary, Canada is provided on the Incloude website. A Google search reveals multiple businesses operating out of the same suite, suggesting this is a virtual address.

Corporate documents provided on the Incloude website purportedly represent ownership of “units” in Incoin Cloud LTD by Vianden Group S.A.

Incoin Cloude LP appears to have been incorporated in Canada at some point, 50% of which is owned by Vianden Group S.A and Diekirch Holding S.A.

Vianden Group S.A. and Diekirch Holding S.A. both appear to be a shell companies incorporated in Belize.

Similar shell company registrations are provided for Incloud Limited in the UK and Hong Kong.

None of the provided documents date prior to June, 2017, further cementing the claim Incloude has existed since 2012 is untrue.

Finally, Incloude cite “Darak Hughes” as “Director General” of the company.

In addition to this being a bizarre title for someone working at a commercial company (no doubt created by someone for whom English isn’t a native language), no information on Darak Hughes outside his mention on the Incloude website is available.

There is however a YouTube video featuring what appears to be a man from eastern Europe in a wig, sitting in front of a poster featuring the Canadian flag.

In the video the man visibly reads off a script and, in broken English and a thick accent, introduces himself as “Darak Hughes, head of the company Incloude”.

Alexa estimate Russia is currently the largest source of traffic to the Incloude website (14%). Germany is a close second, coming in at 13%.

Given the man who claims to be Darak Hughes’ accent and nothing connecting Incloude to Canada other than shell company corporations and lies, it’s a good bet whoever is actually running Incloude is from and based out of eastern Europe.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Incloude Products

Incloude has no retailable products or services, with affiliates only able to market Incloude affiliate membership itself.

The Incloude Compensation Plan

Incloude affiliates invest funds $10 to $100,000 on the promise of an advertised ROI.

  • Direct Solution – invest $10 to $100 and receive a 1.2% daily ROI for 15 days (18%)
  • Direct Invest – invest $101 to $2000 and receive a 1.5% daily ROI for 25 days (37.5%)
  • Direct Invest Pro – invest $2001 to $20,000 and receive a 1.8% daily ROI for 30 days (54%)
  • Direct Income – invest $20,001 to $100,000 and receive a 2% daily ROI for 35 days (70%)
  • Primary Trust – invest $20,000 to $50,000 and receive a perpetual 11% to 24% daily ROI (min 10 days before withdrawal possible)

Note that at the end of the maturity period the initially invested amount as well as the ROI earned is paid out.

Referral Commissions

Incloude pay referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Incloude cap payable unilevel levels at eight, with commissions paid out as a percentage of funds invested by affiliates across these eight levels.

How many unilevel levels an Incloude affiliate earns referral commissions on is determined by how much they invest and convince others to invest:

  • convince others to invest up to $15,000 and earn 4% on level 1 (personally recruited affiliates), 3% on level 2, 2% on level 3 and 1% on level 4
  • personally invest $2000 to $7000 and convince others to invest $15,001 to $30,000 and earn 5% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 and 5
  • personally invest $7001 to $25,000 and convince others to invest $30,001 to $90,000 and earn 6% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 and 5
  • personally invest $25,001 to $999,999 and convince others to invest $90,001 to $250,000 and earn 7% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 6
  • convince others to invest $250,001 to $750,000 and earn 8% on level 1, 4% on level 2, 2% on level 3 and 1% on levels 4 to 7
  • convince others to invest $750,001 to $1,500,000 and earn 9% on level 1, 4% on level 2, 3% on level 3 and 1% on levels 4 to 8

Joining Incloude

Incloude affiliate membership is free, however affiliates must invest at least $10 to participate in the attached income opportunity.

Conclusion

Of far greater significance than umpteen shell company incorporation documents that don’t mean anything, would be Incloude registering itself with the Alberta Securities Commission.

Incloude claim to be based out of Canada and are quite obviously offering an investment opportunity, so registration with the Alberta Securities Commission (for a legitimate company) would be mandatory.

Instead all investors get are incorporation documents that are either trivial to obtain or for jurisdictions that are known tax-havens.

Incloude meanwhile claim their ROI revenue is sourced from bitcoin mining.

Naturally no evidence of this is provided, with the only verifiable source of revenue entering Incloude being new affiliate investment.

Using newly invested funds to pay off existing investors makes Incloude a Ponzi scheme.

As with all Ponzi schemes, once affiliate recruitment dies down Incloude will be unable to meet its ROI obligations.

This will prompt a collapse, resulting in the majority of Incloude affiliate investors losing money.