iCharity Club Review: An $18.6 billion dollar gifting scheme?
There is no information on the iCharity Club website indicating who owns or runs the business.
The iCharity Club website domain (“icharity.club”) was registered on the 30th of October 2015, however the domain registration is set to private.
At the time of publication, 30.2% of all traffic to the iCharity Club domain originates out of India. Neighboring Pakistan is the second largest source of traffic, coming in at 12.7%.
This suggests that the admin of iCharity Club is likely based out of India.
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.
The iCharity Club Product Line
iCharity Club has no retailable products or services, with affiliates only able to market iCharity Club affiliate membership itself.
The iCharity Club Compensation Plan
The iCharity Club compensation plan sees affiliates gift $20 to $1670 to existing affiliates, tracked through a 5×10 matrix.
A 5×10 matrix places an affiliate at the top of the matrix, with five positions directly under them:
These initial five positions form the first level of the matrix, with level 2 generated by splitting each of the five positions into another five positions each (25 positions).
Subsequent levels of the matrix are generated in the same manner, with a complete 5×10 matrix holding 12,207,030 positions.
Each level of the matrix acts as an independent cash gifting tier, requiring payment of a fee to qualify to receive payments at that level.
Below are all ten tiers of the iCharity Club cash gifting matrix:
- Tier 1 – pay $20 and receive $100
- Tier 2 – pay $40 and receive $1000
- Tier 3 – pay $80 and receive $10,000
- Tier 4 – pay $120 and receive $75,000
- Tier 5 – pay $200 and receive $625,000
- Tier 6 – pay $300 and receive $4,687,500
- Tier 7 – pay $400 and receive $31,250,000
- Tier 8 – pay $800 and receive $312,500,000
- Tier 9 – pay $1170 and receive $2,285,156,250
- Tier 10 – pay $1670 and receive $16,308,593,750
Joining iCharity Club
Affiliate membership with iCharity Club is tied to a minimum gifting payment of $20.
Participation in all ten levels of an iCharity Club gifting matrix costs $4800.
Conclusion
Under the guise of charitable donations, iCharity Club operate a $20 to $1670 cash gifting scheme.
Affiliates pay gift funds to existing affiliates, which in turn qualifies them to receive funds at whatever matrix tier they just bought into.
Once recruitment of new affiliates slows down, gifting payments cease and the scheme collapses.
What makes iCharity Club particularly hilarious are the astronomical payment sums the scheme advertises.
In total, filling your iCharity Club matrix with 12.2 million suckers would result in an $18.6 billion dollar payout.
Yeah, good luck with that.
Behind the stupendously ridiculous payment figures touted, is the reality that the anonymous iCharity Club owner has preloaded iCharity Club with several positions.
One alone would see him drain most of the funds gifted, with multiple positions practically ensuring nobody else gets too far into the scheme.
Thus the admin promises billions in gifting payments, stashes most of what money is invested and then does a runner when it all comes crashing down.
There’s nothing charitable about that, with scammers hiding behind charity the lowest-rung inhabitants of the MLM underbelly.
Guys the system was designed for Pure Voluntary Donation to Club Members Advocacy. In our community, we hand over the donation directly to the recipient/donee.
If the system will be adopted by the MLM, surely it falls under a ponzi scheme base on regulatory requirement, that MLM Company should have retailable products or services.
Linking icharity.club to traditional MLM will give new meaning of the program/system of voluntary donation.
The system greatly help the financial requirements of our Group (religious). Will you consider these points:
1) Why question if the owner/funder of the website is unknown, they are not getting a single penny with us because the system is for recording purposes and guidelines only.
2) What is your reason behind why you categorized icharity,club as an MLM Company when it is very clear that the operation is for member to member donation flatform only.
3) Voluntary donation, i donate to a members’ advocacy in my little way of helping realize his program. Since it is Voluntary, i’m not expecting return whatsoever.
4) Your review is hindering in propagating the true spirit of helping one another. Thank you.
Yeah, it’s a cash gifting scheme. Got it.
Nope. Cash gifting schemes have been around for years.
Have a think about where that money is coming from. Some religion…
You really think the admin isn’t at the top of the gifting chain? Bloody hell…
Multi-level comp plan = MLM opportunity.
Whether you voluntarily participate in a cash gifting scheme is irrelevant. It’s a cash gifting scheme, that’s the problem.
Right. You’re a scammer hoodwinking victims through the guise of religion. Let’s not sugar-coat it hey.
No matter how many buzzwords you throw at it, there’s no “putting lipstick on a pig”. It is cash-gifting, just like MMM Global.
This is no different than chain letters… “mail X amount of money here, then send letters to ten friends…” Yeah right. You’ve turned it electronic, and you’re hardly the first ones. Old **** new bottle.
A lot of these gifters fly the “charity” angle too. “Women helping women” was one of them, I recall.
Cash gifting is definitely illegal in the US:
ncdoj.gov/Consumer/Investment-Work-and-Money-Making-Schemes/Gifting-Clubs.aspx
Cash gifting is illegal in India, banned under Prize Chits and Money Circulation Schemes (Banning) Act 1978
Cash gifting in Pakistan would be illegal and haram as it would be consider riba (unequal exchange) as such “gifts” are not given freely. “You are in a land where riba is widespread among them. If you have some right over a man and he gives you a load of straw or a load of barley or a load of fodder, this is riba.” — from *Saheeh* narrated by al-Bukhaari
Your lame attempt in justifying an act that is illegal all over is rather amusing to watch.
People for years have been involved in illegal gifting program. I do not agree sending a gift to the person that is at the to of the pyrimad or ponzie scheme. However, having said that many corporation (Ozedit: What corporations do or don’t do has no bearing on the legitimacy of cash gifting schemes. Offtopic derail attempt removed.)
What interesting about iCharity is that their is no heiarchy and it is person to person. In other words me to you, in which there is not wrong with that at all. It is no different if I was selling something and you paid me directly for a product and you suggest everyone of your friends to do the same and I get paid from them. And by the way it allow you access to a affiliate or referral platform.
(Ozedit: More offtopic derail attempts removed)
I believe iCharity Club is a legit platform to help people. No one says anything about Crowdfunding website that pay people to refer others to open a Crowdfunding account to raise money for projects and misfortunes.
Yet iCharity Club is exactly what you described in your first sentence. Gotta love the contradictory world Ponzi investors inhabit.
I’m behind on my property taxes. When can I expect that $10,000 check to help me?
And where do you think the money *they pay* come from?
Chances are there were no projects and no misfortunes. You have heard of “fake charities”, right?
The whole idea of getting “PAID” for charity is ridiculous to start with. Clearly the $$$ has confused you.
Well I have since check out what the IRS rulings says about “gifting” programs. And the seem to a big “catch 22”. The ruling says you can give anyone a gift if the are expecting nothing in return.
Here is the problem with that. When I give to charity or a non-profit I do not expect them to give me anything in return. However, I do expect “the universe” to give back to me because of the law of prosperity.
Giving without expectation of a return is like a farmer planting a seed and do not expect the seed to one day bare fruit or vegetable (lol).
Gifting is a moral issue with most people however if they obey the law and pay taxes on the money they receive through gifting they are complying with the IRS.
All everyone has to do is contact a Tax Advisor to see how to report the money gain. I cannot be responsible for people who does not follow the law or IRS ruling.
Gifting is legal if you pay your taxes on the money your receive. In my opinion iCharity is a great platform to do member to member donations. I advise people to pay your taxes on money receive.
Are you really that fucking stupid?
No, no it isn’t. There’s unregistered securities issues at play on top of IRS regulations.
What does the IRS have to do with illegal cash gifting / pyramid / endless chain recruiting schemes ???
Do not listen to this guy GIFTING IS LEGAL THE IRS SAYS YOU CAN GIVE A GIFT TO ANYONE UP TO $12500.00 WITHOUT BEING TAX WITH A GIFT TAX.
Your response is base on your pride and emotions instead of facts.
That is not cash gifting.
I’ll refrain from making fun of you as it’s obvious English isn’t your first language.
Hi I am a Member of iCharity.club and it’s intreasting to say Member to Member donation Platform. In Kenya we call it Chama Contributons or Group Contributions and it works.
Why Icharity;1,It’s Member to Member Donation and it works and we are doing masive door to door campain to empower our Members.
In reality it’s called a cash gifting scheme.
It works in the sense you, having signed up early, get to steal money from those who join after you – under the false pretense of them getting into a “contribution group”.
If you were honest and told them you were going to steal from them in a cash gifting scheme, and the only way they’d see their money back is if they recruited and stole from others, you probably wouldn’t get anywhere.
Therein lies the financial fraud which, and don’t kid yourself, isn’t empowering anyone.
Yours definitely are, since gifting clubs are illegal. I have government and national organization stating so. What do you have besides your own interpretation?
1) AARP says Gifting Clubs are illegal pyramid schemes
NOLINK://www.aarp.org/money/scams-fraud/info-06-2009/scam_alert_little_bernie_madoffs_touting_cash_gift_clubs.html
2) North Carolina: Gifting Clubs are illegal
NOLINK://www.ncdoj.gov/Consumer/Investment-Work-and-Money-Making-Schemes/Gifting-Clubs.aspx
3) Oregon: Gifting Clubs are pyramid schemes
NOLINK://www.cbs.state.or.us/dfcs/securities/enf/gifting.html
4) Michigan: Cash gifting schemes are illegal
NOLINK://www.michigan.gov/ag/0,4534,7-164-17337_20942-201450–,00.html
5) New York Times 2009 article: Authorities going after gifting clubs in multiple states
NOLINK://www.nytimes.com/1999/06/23/nyregion/to-authorities-gifting-club-is-just-pyramid-scheme.html
So, your choice: do you believe some no-name people telling you it’s okay… or do you at least read about multiple GOVERNMENT WARNINGS about it’s illegal?
And a bonus entry for Mr. Muriuki
Kenya lost Sh 31m and brother to pyramid scheme
NOLINK://www.standardmedia.co.ke/article/2000149031/i-lost-sh31m-and-brother-to-the-pyramid-schemes
Kenya passed extra laws combating pyramid schemes in 2012. Apparently education or such had not caught up with the general populace.
What has the IRS got do do with illegal cash gifting / endless chain recruiting or pyramid schemes???
The IRS also says prostitution is legal as long as tax is paid. You’re looking at the wrong law and the wrong government department
Well, it seems that I will agree to the administrator of this site. Am a Nigerian and I have joined icharity since 2months ago and did all the necessary, and am yet to get any donations.
If my referrals did not work, how about the Spillover or Randomizer as stated in the rules of the club.
I do not want to believe that I lost money to what seems to be a scam. I have hope.
This is anew phenomena and needs to be handled with care,as one observer has said above,it is stealing from those who join after you.
What will happen when, for example last man joins. will he earn anythng? is there accounterbility?
lol accountability in cash gifting?
A charitable organization with no head, that sounds crazy. If you are to donate then why should you donate to anonymous with no cause for donation.
A sensible question is that ‘what will happen when the last man joins as this kind of things doesn’t last forever? Remember that last man could be you if you haven’t joined.
People who are easily conned falls into three categories;
1)Very Sympathetic
2) Like to listen to all sorts of stories in the world and
3) likes to reap where they have not sowed in short greedy and gamblers.
Hello, we tried to log inn in our account of icharirty since last night of 5th june 2016 up to now but the web does not exist is there any problem with icharity website?
I’m getting 404 here.
Might be a tech glitch. If you haven’t heard anything as affiliates though that’s not a good sign.
Hi guys the website is working fine I have registered.
am glad i checked this site….. i almost joine, the cash was too temptin!
I have received over $1,000 with iCharity. The program does work for me. Maybe you should practice the law of attraction.
Why is that? Your $1000 was obtained through fraud and deception.
The practice of being a scammer is all it takes to earn money in iCharty Club, nothing more.
I have read through the argument for and against icharity and I wish to say here that there is no ilegality n this platform.
This is a modernize process of what we have been doing in Africa where a group of people come together to support themselves through donations. This is rotational to members.
The only difference here is that you are using an electronic platform to enable you get more members to participate in the contribution. T
he more you are the likelihood of raising a bigger fund for a project or whatever you may want to use it for. It is a cooperative system.
Nobody is forced into it and if you decide to participate, you are guided by the rules.
Some group of people all over the world have used a similar platform to raise fund in the name of crowd funding. (Ozedit: Offtopic waffle removed, if you wish to discuss unrelated local laws do it elsewhere).
Cash gifting is illegal the world over, even in Africa.
I know what you’re thinking, and your WRONG!
I can prove it, check out my proof of payment I got from using the icharity club platform. I know what you’re thinking because I thought the same way.
I thought this was going to be some bull but the only way to find out if something is true or not is to test it and that’s exactly what I did.
Surprisingly I found out icharity club is the real deal, and by far the best thing I’ve ever done on or offline for myself and my family.
There is no doubt in my mind has cause I’m getting paid! Now it’s possible for anyone, anywhere to make money online.
I’m just a regular work at home mom (WAHM) now I’m actually headed towards Financial Freedom. No mining. No trading. No selling, No products.
100% Scam Free
100% Not Networking
100% Payout to Members
Worldwide Opportunity
Accepts ALL MAJOR PAYMENTS
Great potential to earn some good money!
(Ozedit: recruitment spam removed)
Whether you are successfully scamming people or not has no bearing on iCharity Club being a cash gifting scheme.
The business model determines that, and iCharity Club is very much a gifting scheme.
A scamming mother using her family to to promote scams. Some example you’re setting for your children there.
Hmmm…after reading through various comments from those against icharity platform I have come to realise that most people will never see anything good in other business opportunities rather they prefer telling you about their own company or business.
icharity is an international mutual aid fund. Icharity is social financial donation exchange network of online members who have agreed to willingly extend financial helping hands to one another via donation.
Icharity has no central bank account were money is been deposited. Transactions are done peer to peer.
So basically icharity hasn’t any central account where all money deposits or donations go into; because all donations are done peer to peer.
How do I mean? Donations are done via member to member transfers into their bank accounts or bitcoin wallets.
i joined icharity club last week and I have made donations and received donations too. In my country, there’s no law that stops people from transferring money to each other through benevolence and reciprocity.
I do not see anything illegal with icharity and we are not breaking any law. Thank you!
Much easier to believe that bullshit then face facts that iCharity Club is a cash gifting scheme hey.
You sign up, gift funds to the person who recruited you and then proceed to scam new recruits. That’s all that happens.
That’s nice. What it has to do with cash gifting schemes though I have no idea.
I’m $12,000 behind in my taxes. When can i expect a check?
To be honest, everything about icharity is very legal. Its so easy to explain, so easy to operate and so easy to understand.
This is not a fraudulent system, no one forces you to make the donation. You are donating, so you would be donated for.
I have been networking for years, I understand the basic concept of network marketing, don’t compare this to it. Only the naïve are trying to make something out of nothing.
I could go on and on in explaining this, and defending it to any level.
Cash gifting schemes are illegal and you are dishonest scumbag.
Whether you knowingly scam people doesn’t make iCharity Club any less fraudulent.
Of course. Illegal cash gifting is nothing like legitimate network marketing.
Oz is clearly making a point here.
If we all look at it from the perspective of “being the last man on the chain, who then will pay you? What if your downlines refuse to pay? Lol
Albert the nigerian, joined Feb and till April (according to his post here) hasn’t been paid….. what happened to the” spillovers”?
My conclusion: it might be paying some now but someday, sooner or later, someone will be a victim of scam (when u pay and don’t get paid).
Thanks
Presently I happened to be the last man and have been trying all my possible best to introduce peep but they refuse to join…….
Now am in need of help coz I could remember I paid someone I don’t know with the last cash with me.
How will I be paid back please. I just need my money, I don’t need extra money anymore.
Your money was given to someone who needed extra money. That was very charitable of you.
Oz leave Icharity alone because you are trying hard to discredit other people’s effort at least it does not forced anyone to donate.
Whether you exert effort to participate in a cash gifting scheme is neither here nor there. Ditto whether people are forced to participate.
iCharity Club is an illegal cash gifting scheme and its affiliates are scammers.
still waiting in that check from post 6. when will you ‘charitable’ people be sending that?
and it really takes no effort at all to discredit scammers such as yourself.
The best helping hand/networking platform so far in Nigeria. Thanks for this platform because many people has started benefiting from it.
when you pay in (donate), how long is it gonna take before you are donated for?
Depends entirely on the rate of new gifting payments.
Get a good dictionary and look up “donate”.
You will see that is says nothing about getting anything back after donating.
Please, am trying to open the site for Icharity, but it giving me a 404 error, what could be the problem?
404 here too. Guess you can all stop pretending iCharity Club isn’t a gifting scheme scam now.
I absolutely f’ing hate these damn gifting morons! Always trying to persuade smart people into thinking it is legit.
IT IS A SCAM! EVERY DAMN ONE OF THEM!
When you moves to level 2 by donnating, how long are you going to expect your donnors to pay you back?
Depends on the rate existing iCharity Club scammers are recruiting new victims into the scheme.
dis site is showing error since yesterday… pls Wats wrong?
Cash gifting scam go boom. Admin run away. You lose money.
i charity is real scam, the site is showing error 404.
there is one guy call AY is one of the scammer he will persuade you to register with a promise that he will help you get down-line as soon as you register that is the end.
ICHARITY IS A SCAM PLS RUN AWAY FROM IT.
Having seen your argument for and against Icharity club international, I as a business management professional and having known what business law postulate I stand to prove to you that Icharity is not a scam.
I am a membership like some of you here and I discovered that it was easy for me yet difficult to some then I formed a formidable team where we help our siblings I personally help my upline get her own complete downlines and now the system is working effectively with the Nigerian team and Ghana team.
For the 404 error a programmer will tell you that you once you are dealing with network such things are bound to happen it doesn’t mean the platform has scratch it once happends to me but till now I’m using it without complain. For last man standing, there can ne
What argument? The facts are that new iCharity Club has affiliates gift funds to existing affiliates.
That’s cash gifting and you are a scammer for promoting it. Everything else you posted is irrelevant waffle.
I suggest you find a new career, you’re obviously terrible at this.
Thankgod I Found This Site…Honestly I’ve Almost Paid Into My Cousin’s Accnt (his A Memebr Too).. If Not That I Just Said lemme Google It And I Foun This Site…
Truth Be Told..THE PROMISES ARE TEMPTING!!! Well Thankgod I’ve Not Yet Paid… I Don’t Think I’ll Pay Again.. And I’ll Advise Those I Know Not To Ever Try It…
How Can Som1 Be A Member Frm Feb. Dwn Till April Still Havnt Recievd Any Of Dier Promises.. Or Sodiq That Registrd And Hasnt Gottn Any Dime Frm It.. Asking For A Way To Gt His ‘hard Earned Money’ Back…
Now I’ve Come To Understand The Meanin Of This ‘icharity’.. What Does Charity Mins.. Givin A Gift To Smeone. Freely Wit Getin Anytin In Retrn… ‘donate’ Contributin To Sm1,smtin.. In Form Of Cash Or Any Material… Freely With Awt Getin Any Compensatn Frm It…
It’s A ‘SCAMMER’S BLOG!!’ DO NOT EVER TINK OF BCUMIN A MEMEBER. .D HARD ERND MONEY U HAV.. BE CONTENTED.. #A STITCH IN TIME SAVES NINE… # A WORD IS ENOUGH FOR THE WISE..
If iCharity is a scam does that mean mmm is also a scam???
Sure. But MMM Global isn’t a scam because iCharity Club is a scam.
iCharity is a cash gifting scheme scam. MMM Global is a Ponzi scheme scam. They’re both scams because of their respective business models.
I’m about to joined the business, but after going through these reviews I don’t know if I should go on with my registration.
I got in here in order to be enlightened but I eventually got more confused.
Anyone with indebt knowledge of the scheme/business should please throw more light on it or betterstill contact me through my mail (gonna add that on request). Thanks.
It’s really not that complicated.
You sign up as an iCharity Club affiliate and give the person who recruited you money. You then rip off people who join after you.
If nobody joins after you then you lose your money. Either way you’re participating in a scam.
I don’t really know what to say after all I’ve read on this page. But let’s be wise in every decisions we make.
It’s not that complicated. “Charity that makes you money” does not make sense. It is illogical.
Charity means giving money to a worthy cause. It has nothing to do with making money. Thus, the idea must be a disguise to a scam such as gifting club / gifting circle which is a form of Ponzi scheme.
Do we really have genuine gifting schemes?
Genuine in the sense they’re genuine cash gifting schemes. Scams like iCharity Club aren’t genuine legitimate businesses though.
been reading and well, I’m not really surprised people dont understand how getting free money “donations” from others is a scam.
how will they understand? we have given in to greed and we care less for others to see that the man at the bottom of these schemes isnt getting anything.
before y’all come in here and claim “it’s legit”, the donations are not freewill since you are expecting to get something back…and with a higher percentage.
when the schemes collapse as they have always done, who pays the man at the bottom. will you campaigners of the scams refund the money to those u’ve cheated or payout the bottom man? ask yourselves that and prick your own consciences. thanks.
It’s so bad all online businesses are scams… a friend introduced this to me today, I wanted to check if it’s legit now I know it isn’t…
i don’t think I have the mind to bring more people into a scam… I’m gonna pass on this….
Oz is there any online referral site or any kind of business that’s real and legit to participate in….????
Online referral sounds like getting paid to recruit, which in MLM is a pyramid scheme.
What will happen if you register and you are not able to bring someone will the system really add some one to you as some one told me today?
@Ekpendu
People won’t just magically appear under you, someone still has to recruit them.
But someone told me that if youre not still able to bring someone the system will put people under you is it true?
“The system” doesn’t recruit new affiliates, so no it’s not true.
You know guys, personally I think the problem here is the fact that it’s called Charity. (Ozedit: Snip. The problem is iCharity Club is a cash gifting scheme. What they call themselves is irrelevant.)
the problem is an alleged ‘charity’ hasn’t sent me the money I need. they are proclaiming to ‘help’ people.
To start with, I will like to applaud Oz for picking up extra liver to trash this Topic. This badass Oz guy just made my day with his hilarious replies. Oz, stand up comedy won’t be a bad idea for you. I can bet my ass on this.
Now to the bone of contention, participants of both Gifting scheme (iCharity) and Ponzi scheme (MMM) and co are all scammers, and their new recruits are senselessly gullible.
Whether you have a central account or otherwise doesn’t invalidate the above ascertion, to the new entrants, well if it crashes tomorrow, which is actually inevitable, expect your reward of stupidity in heaven or hell. Peace!
Oz well done Bro.. Smartness and boldness.. Qualities you possess in excess.
Oz am geatful with all your comment about gifting scam website, No doubt that it is scam, (Ozedit: Snip, no buts. There is no justification for scams.)
OZ, you really defended the truth like a man!
If someone has time let him read these few lines:
We refer to these schemes as our traditional contribution scheme, “ajo” (or whatever you call it in your language). Anyway, let me say many of the people that liken all these schemes to “ajo” never had their mother participate in it and so don’t know first-hand how it operates.
For your education, ajo is a system where B, C, D, E, F, G, H, I, J, and K would contribute to Member A, say, N5,000 each (making it a total of N50,000) in January.
Now, A will not just go and squander the money and begin to celebrate it as though he has won a lottery because he knows he is definitely going pay back the exact amount by contributing N5,000 each to the ten contributors in their different months.
In this scheme, there is no mathematical financial gain whatsoever but it is most often of great gain to them.
You will ask how?
Now, this is the idea!
If you make N7,000 in a month, chances are that you will see shawama and you will like to buy. You will see chicken in display and you will want to buy. A friend will ask you to escort him to one eatery and you will at least want to buy a bottle of coke.
Remember that you are buying all these not because you don’t have a bigger need of buying a sewing machine for instance which would cost about N40,000 which to you is too costly.
Now, if you join this contribution group, they will contribute even up to N50k, N10k in excess of N40k you need to buy the sewing machine.
Now, you have to pay back the money spread over a period of 10 months which is N5,000 per month which will be your contribution to, say Member B in February, Member C in March and so on!
Now, the N5k is not a problem to you because you normally make up to N7k in a month, so bringing out N5k and cutting down on Shawama and other stuffs will not be a problem.
So, one would have made an investment without collecting loan and the harassment of paying interest.
Can you see the scheme here? No Big Gainer! No Big Loser!
But in these schemes (taking for example iCharity), F will confuse/convince A, B, C, D, and E to pay him N6k each (making it a total of N30k) because he paid N5k to G.
Now F can decide to go out of the scheme which makes him gain N25k from just participating in the scheme. Now, this, for one, has proved that it is not in anyway related to the traditional “ajo” in any way.
Now, let’s say he decides to quit, the new members, A, B, C, D, and E will have to each go and look for a new A, B, C, D, and E who will pay them N5k each. If we do it mathematically, for 1000 persons to be paid N30k, 5000 persons have to be made members.
For the new 5000 persons to be paid N30k, another new 25000 persons have to be made members. 25,000 >>> 125,000 new members. 125,000, implies 625,000 new members. 625,000 to be paid means 3,125,000 new members.
1k >> 5k >> 25k >> 125k >> 625k >> 3m,125k >> 15m,625k >> 78m,125k >> 390m,625k
Now, from the bolded, we all know that Nigeria is around 150m or so.
Now, let’s take it that 78million people registered and are waiting for new recruits, which actually they are waiting for 390m Nigerians to register for their 30k to be paid, if we are to project the number of years they will wait for them to have even a day old child to be born which they will force to cough out N6k, it may take a millennium.
But the people that designed this who are at the apex of the pyramid, how much billions do you think they would have ripped from hapless 78m folks who have to wait till eternity before the money comes back?
I am only saying because I was once introduced to such scheme as this by my church member in our university days which I reluctantly entered but after seeing first hand of what the scheme looks like I only had to forgive the person for Christ sake but I could not have the boldness to try convincing/confusing others to join.
And you know what? I have not heard of them for years now.
My take is simple, if you have the heart to contain the cries of people for your own greed and in a bid to serve other people’s greed without working, go ahead!
But if you don’t have, then stay back from joining. But if you have joined already, then educate the people you want to bring into the scheme well because not everybody get chills. To avoid someone breaking another person’s head.
I drop my pen here!
But not when I have not said, “There is dignity in labour”.
Thanks for the support Malachy. It’s refreshing to learn that the African scammers we get on here aren’t entirely representative of the continent.
It sure does feel that way sometimes though. I rarely see people speaking up about it.
Yeah!
The truth is that every nation/continent has the good and the bad, though the bad in some may overshadow the good but it is a surety that if you search you will find a surprising number!
Thanks once again for this enlightenment for I nearly joined! And why? Because of the scamming lies the promoters spread: “You don’t need to bring people! Just join and after 14 working days, you will be paid your $100 and many other concoctions!”
Thanks again!
Hello house. please does anyone know the founder of this icharity?
I’ve done lots of search but no result. it’s as if the founder is deliberately hiding. A scam is going on in the Nigerian group now. At least it would have been good to know the founder so as to report to them.
Some anonymous scammer in India was the deepest I was able to get.
hmm. Oz u carry this matter for head sha. but u must admit the return is tempting.
i came online for answers and i have the answers, though the truth is hard is swallow,its not legal.
if i dnt convince people to join, i cant get my money back and the extra money too, is scary.
and really what will happen to the last man. in scams cheating is included and God hates cheating and God has asked us to obey the laws of the land, if its not accepted in the law of your land, its not accepted by God. thanks Oz.
Oz and the rest truthful and obedient brother’s keeper… I greet you for the enlightenment.
I was introduced today by a friend who had received what seemed like a bulk message on the benefits of joining iCharity.
I joined to please the friend… but I wasn’t going to pay until I had done some research… which I told the friend I would do.
Seeing this post just confirmed my fears.
Thanks to Oz and Malachy…and everyone who contributed in this.
Its left for individual to choose in between..
There is nothing to choose or in between. There is only “True or false: you can make money by giving money to charity”.
If you believe the answer to that question is true, you need your head checked.
I m a Nigerian i heard of i-charity, if I go ahead wit this, and pretend to desperatly need help financial help, and ask people to join under me and donate, and then they cant get donated to and MAKE money the primary purpose of joining, then I will end up making people hate d world charity.
This is my grestest fear as definately I know deep in my soul DAT a lot of people will end up not been paid, these are the people that would hate the word charity, dey would be hundred of millions even billions if dis scheme succeceeds.
I like money but I can’t be a part of this demonic evil that would make it difficult in future for people DAT definitely need help someday like refugees or natural disaster to not get help because the word Charity has been misused.
Hi, I’m a Nigerian, I’ve been hearing of so many like icharity, help2get, mmm, crowdrising and so on.
I almost joined icharity today but wanted to make sure I won’t be making a mistake. Thanks a lot to you all for your contributions, I’m so glad I did some research before registering.
apart from the fact that it’s definitely not charity and a scam, the supposed rewards are scary, how can someone be so rich in such a short time without really doing anywork?
Really having such a huge amount for no just is really scary, thanks so much for opening my eyes.
I think people are afraid of joining these groups because of prior incidents.
If we all have the mindset to make it work, it will, just that as people used to say, ” he who act fast, get supported by the gods”.
Life itself doesn’t treat people equally, some are born with the silver spoon while some are meant to sweat out before they can make it in life.
Just opened the account last night cause I had nothing doing with excess data subscription.
I was matched to donate to the girl whose reference link I opened d account with… nearly made that payment but thank God I went into this research.
Even the girl has refused picking up… just as scammers do. Thanks to you all for clearity.
@Ruudie
Scammer mindsets cannot beat the basic mathematical principle of there only being a finite number of people to scam (even in Nigeria).
At the end of the day the largest group of people will be those that are scammed through iCharity Club, with only a minority making money. Such is the nature of cash gifting schemes.
Your mindset cannot magically turn money into more money like jesus can create extra bread and fish. And it sounds like you seriously believe you could.
Intresting. no body dose or go into a business without the aim of making money. how dose the admin makes he/her money?
@giftiy
They create a bunch of preloaded positions before launching the opportunity.
These positions are first into the upper tiers of the scam and receive the majority of funds deposited (through tier passups).
I strongly believe that I charity and likes are all scam… I am in a school that almost very one cease the opportunity to gain from these system without.. It makes me surprise that people can be that gullible..
How can you give charity when your source of income or profit is unknown.. I pity those investing their all into them…
My only fear is that the way this scam is growing, it will do nothing good but cause inflation in any country that embraces like her in Nigeria.
Hey guys’ some one introduced me to icharity so I decided to make my own research before joining.
With all I’ve found here and other sites so far’ 1st I don’t think there’s anything illegal or scam (Ozedit: Snip. Cash gifting schemes are illegal. What you “think” is irrelevant.)
Going through all these, it looks pretty obvious that Nigeria is the only country where this Icharity issh is spreading real fast.
Checked online to do some background check on the website and judging by what have gotten so far, I’ve been convinced, not confused it’s not worth investing on.
As small as the 20USD seems (almost 6k in our local currency), it could make my pocket change for a week… And I’d rather not lose that!!!
Hi everyone….. obviously this has been good to some n bad to others….
I don’t think one gets downlines magically though……. I tried to contact anders and ezeobi on Facebook….. To know their progress with this first…..
bdw shout out to oz… don’t agree totally but u bc some valid points
Well, Oz has done a great job discrediting iCharity and its likes but he has not provided any credible alternative.
@Sid
What an entitled little twat you are.
Here’s an alternative: Stop scamming people and get on with your life.
I joined icharity.club and I was matched with five people and one person paid and that one person was matched with me twice while she paid one and said it was a mistake from the system and three others refused to pay.
if they are not ready you should matched me with another four people that are ready. I went to the support it wasn’t going. I think we need someone yo logged complain to please.
You want to complain about three out of five people you tried to scam realizing so and not giving you money?
Good luck with that…
Sounds about normal for a cash gifting scheme.
There’s a reason cash gifting / endless chain recruitment schemes are illegal, you know.
It’s because they don’t work and the promoters behind them are lying if they say they do.
As you’ve discovered.
icharity is not a scam, its just like ‘isusu’ or ‘adashe’ where members contribute to a member monthly or quarterly.
The difference here is that its done online and in most cases one pays to an unknown person.
This is total nonsense and a waste of time then, I would rather tell people not to venture into it then
@Emma
Neither of those are cash gifting schemes, so you’re full of shit.
Legal Nigerian microfinance schemes are zero-sum models. In iCharity Club you’re literally stealing from people who sign up after you.
that iCharity Club is a cash gifting scam.
So “just like” something legitimate but “different”…? You kinda wrecked yourself there.
A Porsche is “like” a Volkswagen.
But it isn’t one.
All i can say is. that good logically argument involved placing all your facts on ground and allowing the readers make their own informed decision whether you support Icharity or not gives ur reasons with actual facts without definitely stating whether its good or bad let us decide that for ourselves.
because we are not perfect sometimes our judgement could be wrong I at one time had praised mmm and discounted helping hands international which turn out the opposite of what I advocated so please the admin of this site place ur fact without criticising or recommended let each Nigerian make their choice.
I can choose to give money to anybody I like but the operative word there is my choice. do not make the choice for others.
its the way we are created some of us will always b gullible, some always take calculated risk and still some stay from away entirely from any business risk, so let us b the way we are remember variety is the spice of life. #idongohouseo#
Yeah here’s the thing: The only people on the planet who thinks scams like iCharity Club are “good” are those doing the scamming.
The facts define iCharity Club as a cash gifting scam. I nor anyone else doesn’t give a shit if you personally get involved.
what’s smilling here…. am i the only one perceiving it? how true is it that they themselve will look for people for you.
I joined and already tho was forced by my friend rumate precisely that if i don’t even recruots members it will give me my money in 2wks.
I am kinda confused here oz and others help me can I challenge the guy.
You’d be relying on someone else to do the recruiting.
Your friend has probably told others they’ll get passively paid in 2 weeks, and needs suckers like you to sign up so they do.
After which you’ll basically be hoping new suckers join after you.
Your friend cannot guarantee this will happen short of him creating new accounts and purchasing the matrix positions his or herself.
Well oz you have not given any fact concerning whether its a scam or not… (Ozedit: Snip. Try reading the review dumbass.)
I still haven’t gotten a much needed $10,000 check. That’s what charities are for correct?
Everybody contributes by making donation and everybody earns from donations (Ozedit: Snip. Legitimate donations don’t qualify you to receive money from subsequently recruited “donors”.)
icharity is for like minded people.the basic principle, is that give before you can receive. how is it a scam when I don’t pay to the system????
you asked how do the founder make their own money?? then I will ask you how does Facebook makes it own money everyday???
Getting a bit sick of dealing with uneducated Nigerians… between iCharity Club and Ultimate Cycler I’m just about ready to write off the whole country.
Yes, it’s called cash gifting.
Because at any given time the majority of participants in a cash gifting scheme are waiting on new recruits to pay them. Wash, rinse and repeat.
Once recruitment slows down (and it will, because there isn’t an unlimited number of people to participate), the majority of participants lose money.
Signing up to cash gifting schemes like iCharity Club is always going to be optional. That doesn’t make them any less of a scam.
Not by scamming people through cash gifting schemes.
icharity is not scamming anyone? cos its a community of people willing to give bro… You have no point.. all what you are saying is copied post.
Yeah what, copying the information in my review you have yet to address?
iCharity Club is an illegal cash gifting scheme and you are a scammer. That enough points for you?
You can call cash gifting a “community”, a “donation platform”, whatever you wan’t. It doesn’t change what it is.
Neither does “willing to participate” in a cash gifting scheme make it any less of an illegal scam.
And you can’t even make the “willing to participate” argument. People are being recruited into a cash gifting scheme via completely fraudulent representations.
You only have to look at your own description of iCharity Club for evidence. You can’t even admit it’s a cash gifting scheme.
The only way someone can willingly participate in iCharity Club is if they’re told it’s a cash gifting scam through which they’re overwhelmingly likely to lose money.
And even then iCharity Club is still a cash gifting scam.
Icharity is (Ozedit: a cash gifting scheme. No amount of irrelevant excuses justifies cash gifting scams.)
I think u need to give us a definition of scam!!!
and you have not answered my question…. is there any record of fraud as regard to icharity…..Yes/No.
And I think you need to go do your own research if you want to participate in a big boy discussion.
Yes, its cash gifting business model.
so are you saying cash gifting scheme its a fraud…you need to explain your answers..I Google it …and I did not see any record of fraud as regards to Icharity…please explain sir..something is not on Google news and you saying is a fraud..ha ..there is God ooo
No… I don’t. Cash gifting is fraud. If you can’t understand that via analysis of the business model then that’s your problem.
All the explanation you need is in this review, which you obviously haven’t even read.
That doesn’t change the fact that by virtue of its business model, iCharity Club is a cash gifting scam.
Give me strength…
after perusing the above comments, i find your plea for strength to be genuine and urgent.
your petition is hereby stamped and approved for express delivery.
LOL love it OZ 🙂 As if its not enough to try and save people from their own stupidity, you now have to provide an alternative 😛
I love that question “How can it be a scam if i am paying directly and not into the system?”
Maybe if you try working your way up that chain you will see how it is a scam.
You pay an upline who pays an upline who pays an upline who pays an upline all the way to the top where the majority of this ‘shifted’ money ends up.
If i give you $10 and you give your sponsor $10 and they give their sponsor $10 and so on it will be the same $10 that reaches the top along with the other thousands of $10 payments passed up to the top.
You may not be paying into the system but its the systems owner who gets your ‘charity’. Very kind of you to adhere to the make the rich richer model 😛
Now in a charity its really supposed to go the other way where anyone who joins you obliges you to send them a charitable gifting sum of $10 which they will then send to their next signup but that’s never going to work on a platform designed to make the owner rich is it?
And that’s why despite the name iCharity the reality is i (the owner) gets charitable donations from its members to allow them to continue to scam.
Additional.
In order to make the big bucks the owner only needs to set up 50 or so accounts at the top which all receive your generous ‘donations’.
Seriously whats not to get in this model?
Oz your a perfect bad ass ..seriously can’t believe I just got played by GNLD ..and icharity.
the true was I never really had a think of the offer cause of recession.
Am a member of icharity got played by an old boy and I got my money back by deceiving someone else but it’s just a pure scam!!! got my ears walking on the desert shore!!
After going thru all these, i come to the conclusion that your argument means “All MLMs are scam because u always donate to your upline”. (Ozedit: Snip.)
I stopped you there because this is patently false. Not all MLM opportunities are cash gifting schemes.
If the ones you’re getting involved with are, that’s more a reflection of your own poor judgement than the MLM industry in general.
There are no two “sides to an argument” when it comes to cash gifting schemes. Name ONE that has survived/is legitimate. MMM?
Your pseudo philosophical waffle is the old scammer nonlogic “Life is a pyramid scheme so my scam is ok”.
It’s not, it’s lying in order to steal.
Why is it hard for Nigerians to accept that MMM, icharity etc are illegal and a scam. Especially after the EFCC, CBN and SEC had declared them illegal and have warned the public of its dangers.
The answer is we have lost our core values and the importance of hard work for pay exits no more in our society.
There is no such thing as fast money; it will only lead to SIN. So please Nigerians in particular let go of the spirit of greed before it swallows you.
Thanks OZ for speaking the truth.
I wish I’d read all these before I donated 6k…well… thank God it’s just 6k…
I worked for it anyway.. So I’m pained… charity or whatever you call it is a big scam… and I’m going to preach it to the world.
@TY, Does it mean you cant think & make decisions for yourself as a human? while you are correct about EFCC, CBN and SEC declaring them illegal, it doesnt justify them to be illegal as EFCC, CBN, or SEC cannot provide substantial evidence to prove the schemes to be illegal.
Why do you need corporate bodies with self interest deciding your life for you?
@Vina, your perspective was probably on receiving not genuinely giving, otherwise getting people into your network shouldnt be a problem. I am thriving on iCharity because i see the platform as an avenue to help the not so privileged.
Infact i have people begging to join my team. When you hate on someone’s progress, you place yourself on a process to self-affliction. Seek to help 5 people, then teach the 5 people you helped, the very method you used in helping them so they can help 5 other people.
You would be 25 level up. As Mark Twain once said – The best way to grow yourself is to help somebody else grow.
@Oz while some of what you have mentioned are true, i somewhat disagree with other. The only scam in iCharity is whereby a new member is promised return with no effort, and that my OZ is to be categorized on individuality as a result of greed, not iCharity as a platform.
No MLM would thrive without participants, same applies with iCharity. The system would thrive and disappoint a lot of you haters if the members are honest and always make known to new members that they must be willing to introduce 5 people.
Not being promised 5 downlines as a result of expecting the person to donate a substantial amount. The real scam are members who impress new members with quick gains, and also new members who intend to put money into the scheme with quick gains and no efforts!
I tell anyone interested in the business that he/she has to help 5 others by sharing the opportunity to grow, if he/she is not willing they can keep their money. Any if after that they still insist on going ahead with the donation, they do it with good faith.
This is false.
Paying money to receive money from people who join after you is a cash gifting scam in and of itself. Whether you acknowledge the scam or not is irrelevant.
Legitimate MLM requires retail sales activity. Scams like iCharity Club don’t have retail sales activity.
icharity has finally crashed wow.
I will like to thank icharity team. l join early December 2016 with 6000 move to level 2 and l have paid 12000 on the 24th of Dec my payment has bean approved but l don’t known what is happening again.
If that is true, with Alexa showing that 94.8% of traffic to the iCharity Club website is originating in Nigeria, there’s going to be a whole lot of weeping and wailing and gnashing of teeth in West Africa in the next couple of weeks.
and here I didn’t get the help I needed. shocking!