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.
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.