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 out 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.

iBG Finance caps the Matching Bonus at five unilevel team levels.

The Matching Bonus is paid out as a percentage of daily returns paid across these five levels as follows:

  • level 1 (personally recruited affiliates) – 30%
  • level 2 – 20%
  • levels 3 to 5 – 10%

Joining iBG Finance

iBG Finance affiliate membership is tied to a $1000 to $100,000 investment in IBG tokens.

  • $1000
  • $5000
  • $10,000
  • $50,000
  • $100,000

With the exception of the $100,000 tier, commissions are capped at the amount paid in fees (see compensation plan details above).

Note that there is also a $100 affiliate membership option, however this is locked out of the MLM opportunity.


iBG Finance markets itself as an

AI enabled crypto wealth management app.

Get investment suggestions or complete portfolio allocation based on what suits you.

In reality it’s another cookie-cutter MLM crypto Ponzi points scheme.

Having gotten nowhere with his previous blockchain projects Vin Menon and whoever he’s working with have gone full Ponzi scheme.

IBG token is an ERC-20 shitcoin. ERC-20 tokens can be created in about 5 minutes at little to no cost.

From there IBG tokens are generated on demand and flogged off to iBG Finance affiliates on the promise of riches.

iBG Finance don’t disclose the current internal IBG token value. Nonetheless returns are realized when IBG tokens are cashed out via an internal exchange.

This plays out as long as there’s invested funds to withdraw. Facilitating the typical transfer of newly invested funds to iBG Finance investors who got in early.

Vin Menon and friends will of course take their undisclosed cut off the top.

The use of invested funds to pay withdrawals is what makes iBG Finance a Ponzi scheme. Pay to play (tying income to investments) and commissions on invested funds, adds a pyramid layer to the scheme.

On the regulatory front neither Vin Menon or iBG Finance are registered to offer securities in Singapore, or anywhere else in the world.

At a minimum iBG Finance and Menon are committing securities fraud.

iBG Finance’s inevitable exit-scam will begin when the Ponzi scheme inevitably collapses.

This will manifest itself with withdrawals through iBG Finance’s internal exchange being disabled.

Withdrawals being disabled will either be a straight cutoff or hidden behind some bullshit excuse that makes no sense (“Dear investors, insert lots of meaningless crypto bro jargon, sorry for your loss.”).

Then IBG token will then either be dumped on a public exchange, or Menon and friends will take their ill-gotten gains and disappear.

This MLM shitcoin exit-scam has played out over and over again. iBG Finance is the same model as the rest of the “invest in our shitcoin” schemes that have come before it.

It won’t end any differently.