IAM Review: Asset management “click a button” app Ponzi
IAM fails to provide ownership or executive information on its website.
IAM’s website domain (“lam-intrust.com”), was registered with bogus details on April 11th, 2024.
Despite only existing for about a month, IAM falsely represents it was founded in Colorado in 2013.
In an attempt to support this fraudulent claim, IAM provides a Colorado shell company certificate.
The certificate is for Investment Asset Management LLC and is dated April 9th, 2024. IAM doesn’t seem concerned this undermines their “we were founded in 2013” claim.
As to the shell company itself; due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.
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.
IAM’s Products
IAM has no retailable products or services.
Affiliates are only able to market IAM affiliate membership itself.
IAM’s Compensation Plan
IAM affiliates invest tether (USDT). This is done on the promise of advertised returns:
- VIP0 – invest 10 to 40 USDT and receive 1.53% to 1.59% a day for 7 days
- VIP1 – invest 50 to 299 USDT and receive 2% to 2.08% a day for 30 days
- VIP2 (must have a downline of two affiliate investors to unlock) – invest 300 to 700 USDT and receive 2.6% to 2.7% a day for 28 days
- VIP3 (must have a downline of seven affiliate investors to unlock) – invest 800 to 2500 USDT and receive 3.24% to 3.36% a day for 26 days
- VIP4 (must have a downline of twenty-two affiliate investors to unlock) – invest 3000 to 8000 USDT and receive 3.92% to 4.06% a day for 24 days
- VIP5 (must have a downline of sixty affiliate investors to unlock) – invest 10,000 to 18,000 USDT and receive 4.64% to 4.8% a day for 22 days
- VIP6 (must have a downline of one hundred and twenty affiliate investors to unlock) – invest 20,000 to 100,000 USDT and receive 5.4% to 5.58% a day for 20 days
IAM pays referral commissions on invested USDT down three levels of recruitment (unilevel):
- Barons earn 15% on level 1 (personally recruited affiliates), 7% on level 2 and 3% on level 3
- Viscounts earn 18% on level 1, 8% on level 2 and 5% on level 3
- Earls earn 20% on level 1, 10% on level 2 and 5% on level 3
Note that IAM do not disclose rank qualification criteria.
Joining IAM
IAM affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 10 USDT investment.
IAM Conclusion
IAM is yet another “click a button” app Ponzi scheme.
IAM’s “click a button” Ponzi ruse is “asset management”.
The presented ruse is IAM affiliates log in and click a button (the more invested the more the button needs to be clicked).
This corresponds with “quantise”, something something IAM generates a ROI which is shares with affiliate investors.
If that makes no sense it’s because it doesn’t. Randoms clicking a button in an app doesn’t generate ROI revenue.
In reality clicking a button inside IAM does nothing. All IAM does is recycle newly invested funds to pay earlier investors.
IAM is part of a group of “click a button” app Ponzis that have emerged since late 2021.
Including IAM, BehindMLM has thus far documented over a hundred “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.
“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).
The same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.