iGlobAd operate in the advertising MLM niche and claim to be “based in London, UK”.
The company cites Mackenzie Carter as CEO, however this person doesn’t appear to exist.
Mackenzie Carter is a generic enough name in and of itself. iGlobAd provide no photo of Carter and his corporate bio is copy and pasted from Janrise Advertising and Branding:
iGlobAd has incorporated itself in the UK as “I Glob Ad Limited”, however as far as legitimacy goes a UK incorporation certificate isn’t worth the paper it’s printed on.
The ripping off of an Indian advertising firm’s copy and use of a shell UK incorporation strongly suggests whoever is running iGlobAd 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.
iGlobaAd has no retailable products or services, with affiliates only able to market iGlobAd affiliate membership itself.
The iGlobAd Compensation Plan
iGlobAd affiliates invest funds on the promise of a ten month ROI.
- Starter – invest $57 and receive a $142.50 ROI
- Standard – invest $157 and receive a $423.90 ROI
- Extreme – invest $357 and receive a $1035.30 ROI
- Ultimate – invest $757 and receive a $2346.70 ROI
- Bronze – invest $1257 and receive a $4148.10 ROI
- Silver – invest $3257 and receive a $11,399.50 ROI
- Gold – invest $6075 and receive a $22,477.50 ROI
- Platinum – invest $12,750.90 and receive a $49,725 ROI
A 10% direct referral commission is paid on funds invested by personally recruited affiliates.
Residual commissions are paid via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day iGlobAd tally up new investment volume on both sides of the binary team.
Affiliates are paid an 8% residual commission on funds matched on both sides.
Leftover funds on the stronger side are carried over to the next pay-period.
iGlobAd affiliate membership is tied to an investment of between $57 and $12,750.90.
The more an iGlobAd affiliate invests the higher their income potential.
The ruse behind iGlobAd’s ROI payments is advertising revenue generated through affiliate’s clicking on ads.
These ads are purportedly supplied by “shopping malls”.
Who are your clients?
Currently we have tie ups with major shopping malls in selected countries. We will have many more tie ups in future.
Mr. Mackenzie Carter has personally visited all the countries and got in to an agreement with shopping malls for online advertisements and very soon we will also enter in to traditional advertising displays that are placed inside shopping malls, which include Black lit Diorama, Hung Banners, Elevator Wrap, table top.
At the Platinum $12,750.90 level, iGlobAd claim affiliates are paid $103 per ad click.
This is obviously baloney. With a made-up CEO running the show, it’s not the smartest idea to take anything iGlobAd state at face value.
And naturally there’s no evidence of agreements between iGlobAd and any shopping malls provided.
In reality affiliate clicks of company-provided ads has no correlation with iGlobAd’s ROI payouts.
The only verifiable source of revenue entering iGlobAd is affiliate investment, the use of which to pay a ten month ROI makes it a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dies down so too will newly invested funds.
This will starve iGlobAd of ROI revenue, eventually prompting a collapse.
Given the ten month maturity period of investments and affiliates only able to put in withdrawal requests twice a month, the anonymous owner(s) of iGlobAd have plenty of time to cut and run when the time comes.
This ensures that at any given time, investor losses will be maximized when iGlobAd collapses.