iCooperative Review: Ebook three-tier pyramid scheme
iCooperative provides no information on its website about who owns or runs the company.
iCooperative’s website domain (“icooperative.net”) was privately registered on July 14th, 2019.
The US address provided on iCooperative’s website appears to be the default setting provided by their theme template.
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.
iCooperative has no retailable products or services, with affiliates only able to market iCooperative affiliate membership itself.
iCooperative affiliate membership provides access to ebooks.
iCooperative’s Compensation Plan
iCooperative affiliates purchase $11 positions in three matrices.
Commissions are paid when other directly and indirectly recruited affiliates do the same.
Matrix sizes used by iCooperative are 3×10, 5×10 and 10×10.
A 3×10 matrix places an affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting each of these positions into another positions each.
Levels three to ten of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
A 5×10 matrix is much the same, except it starts off with five positions and expands by multiples of five each level (5 positions on level 1, 25 positions on level 2 etc.).
A 10×10 follows, starting with ten positions on level 1, one hundred positions on level 2 and so on and so forth down ten levels.
When a new iCooperative affiliate is recruited they pay $11. This gives them positions in each of iCooperative’s three matrices.
A $1 commission is paid per position filled in each matrix after they join.
Positions in the matrices are filled simultaneously via direct and indirect recruitment of new iCooperative affiliates.
Note that in order to get paid, each iCooperative affiliate must recruit one new affiliate each month.
iCooperative affiliate membership is $11.
iCooperative’s marketing pitch sees the promise tout “billions” off a one-time $11 payment.
iCooperative is an online income opportunity born to take people all over the world from zero, or wherever they are today financially, to millions, even billions, in a very short time.
All you need to become a part of this great money-making platform is to purchase a copy of our eBook titled From Zero to Millions with a one-time lifetime payment of $11.
What they don’t tell you is that this would require more matrix positions purchased than there are people on Earth.
But even if you could recruit over eleven billion people and receive $1 from each, iCooperative is still a pyramid scheme.
You sign up, hand over $11, iCooperative’s admin takes their cut and the rest is used to pay commissions.
Oh and if you didn’t manage to recruit anyone for the given month, iCooperative’s anonymous admin keeps that money too.
The basic math behind pyramid schemes like iCooperative guarantees that, at any given time, the majority of participants haven’t recouped their initial spend.
No matter how long iCooperative does or doesn’t run for, the majority of participants will be left with a loss when it inevitably collapses.