InovoCB fails to provide verifiable ownership or executive information on its website.

InovoCB names Jimmy Nogues and John Martinez and co-founders on its website.

No information about either Nogues or Martinez is provided. Nor do Nogues and Martinez appear to exist outside of being named on InovoCB’s website.

It is unclear whether Nogues and Martinez, as represented on InovoCB’s website, actually exist.

InovoCB’s website domain (“inovocb.com”), was privately registered on September 29th, 2023.

It should be noted that InovoCB’s website defaults to French. This suggests links to a French-speaking admin.

In an attempt to appear legitimate, on its website InovoCB represents it is based out of Ontario, Canada. Whether InovoCB has any actual ties to Ontario is unclear (unlikely).

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.

InovoCB’s Products

InovoCB markets a $100 a month cashback scheme.

InovoCB subscribers are able to claim back 20% on accepted receipts, capped at $200 a month.

InovoCB affiliates can also access the scheme and are capped at $300 a month.

Note there is also a free subscription option but this has nothing to do with InovoCB’s MLM opportunity.

InovoCB’s Compensation Plan

InovoCB retail and affiliate subscribers invest $100 a month.

Through uploading of receipts (a pointless task we’ll discuss more in the conclusion of this review), InovoCB retail and affiliate subscribers are able to receive up to $200 and $300 a month respectively.

The MLM side of InovoCB pays on recruitment of retail and affiliate subscribers:

  • VIP – recruit and maintain three subscribers and receive $4 a day
  • Elite – maintain three personally recruited affiliate subscribers, have twelve total subscribers in your downline and receive $15 a day
  • Executive – maintain three personally recruited affiliate subscribers, have forty total subscribers in your downline and receive $24 a day
  • 1 Star Executive – maintain three personally recruited affiliate subscribers, have eighty total subscribers in your downline and receive $40 a day
  • 2 Star Executive – maintain three personally recruited affiliate subscribers, have one hundred and fifty total subscribers in your downline and receive $75 a day
  • 3 Star Executive – maintain three personally recruited affiliate subscribers, have three hundred total subscribers in your downline and receive $120 a day
  • 4 Star Executive – maintain three personally recruited affiliate subscribers, have five hundred total subscribers in your downline and receive $200 a day
  • 5 Star Executive – maintain three personally recruited affiliate subscribers, have seven hundred and fifty total subscribers in your downline and receive $250 a day
  • Ambassador – maintain three personally recruited affiliate subscribers, have one thousand total subscribers in your downline and receive $300 a day
  • Silver Ambassador – maintain three personally recruited affiliate subscribers, have two thousand total subscribers in your downline and receive $500 a day
  • Gold Ambassador – maintain three personally recruited affiliate subscribers, have four thousand total subscribers in your downline and receive $750 a day
  • Platinum Ambassador – maintain three personally recruited affiliate subscribers, have six thousand total subscribers in your downline and receive $1000 a day
  • Diamond Ambassador – maintain three personally recruited affiliate subscribers, have eight thousand total subscribers in your downline and receive $2000 a day
  • Presidential Inovo – maintain three personally recruited affiliate subscribers, have sixteen thousand total subscribers in your downline and receive $3000 a day

Note that for VIP through 5 Star Executive, no more than 50% of required downline subscribers can come from any one recruitment leg.

For Ambassador through Presidential Inovo, this requirement is reduced to 35%.

Joining InovoCB

InovoCB affiliate membership is $50 a month.

InovoCB Conclusion

InovoCB is a task-based Ponzi scheme. The pointless task InovoCB has its investors do is upload receipts. 

Returns are dressed up as cashback, and to that end InovoCB has a bunch of “big data” baloney on their website:

For what should be obvious reasons, uploading receipts from random retailers anywhere in the world does not generate revenue for InovoCB.

The only verifiable source of revenue entering InovoCB is new investment. Which begs the question, if InovoCB is generating ROI revenue via selling receipt data, what do they need to charge a subscription fee for?

The receipts/cashback task Ponzi model was pioneered by Saivian back in 2015. InovoCB is virtually a clone of Saivian, primarily targeting French speakers.

Following arrests in China, Saivian collapsed in October 2017. The SEC sued Saivian founder Eric J. Dalius in November 2018.

As alleged by the SEC, Saivian was a Ponzi scheme that defrauded consumers out of $165 million.

Contrary to their claims, Saivian did not generate any revenue from the sale of POS receipts.

In fact, Saivian never had any marketing partners (or advertising partners) and never made any serious efforts to sell or otherwise monetize the data in its Cashback Members’ POS receipts.

Instead, Saivian’s revenue was generated almost exclusively from membership sales to Cashback Members themselves.

Like a classic Ponzi scheme, Saivian satisfied promised returns to some investors — in the form of 20% cashback on shopping purchases — through the investments of other investors rather than any underlying, legitimate, commercial activity.

This is the same Ponzi model InovoCB is using.

Saivian’s collapse prompted widespread consumer losses. Dalius would go on to settle with the SEC for $24 million in 2023.

There is no indication InovoCB is anywhere the size Saivian was but regardless, the outcome will be the same.

Once InovoCB investor recruitment inevitably dries up, so too will ROI revenue. This will see InovoCB collapse, resulting in the majority of investors losing money.