Iconatek’s webpage lacks ownership and executive data.
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On April 27th of the year 2023, Iconatek’s webpage address namely iconatek.io was publicly secured.
Researchers may detect connections to iVicsant Technology in the source of Iconatek’s webpage.
iVicsant Solutions is an application development company that caters to Spanish-speaking customers.
Aside from a WhatsApp phone number, the organization seems to not exist.
Nevertheless, we may deduce that the administrator of Iconatek understands Spanish. We are unable to rule off the possibility that who runs iVicsant Technology additionally operates Iconatek.
Always remember that if an MLM firm is not honest regarding who runs or controls it, consider twice before enrolling as well as turning over any of the cash.
Iconatek does not offer any retailable items or operations.
Associates are allowed to promote them associate subscriptions.
Associates of Iconatek invest in Bitcoin with the expectation of a passive profit.
Jeremy Barnett says during an Iconatek commercial film posted to YouTube dated May the nineteenth, the year 2023.
Welcome aboard to Iconatek. I’m quite happy to be able to use their program for creating and trading Algorithms. I’m getting us between 8% and 10% a month. Consistently good. Very strong.
It gives commissions for referrals on bitcoin investments at two stages of acquisition that are unilevel:
- level 1, affiliates individually acquired – ten percent
- Level 2 – five percent
How to Join:
Their membership as an affiliate is completely complimentary.
To fully participate in the associated potential for earnings, you have to put money in cryptocurrencies.
Iconatek is looking for investors in several coins.
This company claims to gain outside money through trading in forex.
Iconatek is a well-known internet currency or commodities trading that allows its customers to trade Forex, goods, equities, & equities on their terms.
This necessitates accreditation by regulators of finance, something Iconatek refuses to demonstrate.
Similarly, audited accounting records are the sole way to confirm Iconatek is making withdrawals with supposed trading in forex proceeds.
For instance, its organizer Jeremy Barnett operates in Florida in the United States.
Iconatek and Jeremy Barnett have no affiliation with both the CFTC or the Securities and Exchange Commission. This suggests that Iconatek & Barnett have been, at the very least, conducting commodity & fraud with securities.
As of now, fresh capital is the sole provable means of income for this scheme.
Iconatek might be a fraudulent Ponzi scheme if new investments were utilized for cash repayments.
As with other MLM scams, once associate recruiting is exhausted, fresh capital is going to dry up.
It will deprive Iconatek of Return earnings, ultimately contributing to its demise.
Ponzi schemes’ logic ensures that if they fail, a great deal of those involved forfeit cash.
What is Ponzi Scheme?
A Ponzi plan is a deceptive investment strategy that promises a substantial rate of interest without risk to participants. A Ponzi scam is an investment fraud whereby cash is collected from future participants to produce profits for previous investors.
This is comparable to a pyramid scam in that all rely on future investors’ finances for paying off previous shareholders.
Both Ponzi & pyramid programs inevitably fail once the influx of fresh capital stops as there doesn’t seem sufficient funding to go to everyone. The schemes begin to crumble then.
Whatever the method of communication utilized, the majority of Ponzi schemes have similar features. The Securities and Exchange Commission, known as the SEC, recognized the following traits to be on the lookout for:
Ponzi Scheme Warning Signs
The method of communication utilized, the majority of Ponzi schemes have similar features. The Securities and Exchange Commission, known as the SEC, recognized the following traits to be on the lookout for:
- A guarantee of substantial rewards without risk.
- A steady stream of income whatever the economic climate.
- Unregistered transactions filed with the Securities and Exchange Commission, known as the SEC.
- Customers are not permitted to access official documentation for their financial plans that have been classified as hidden or considered difficult to understand.
- Customers who are having difficulty withdrawing the cash
Customers anticipate a fiduciary duty as they give funds away to their financial planners or investment companies. However, those monies can be managed illegally through Ponzi-like schemes.
Ponzi programs aren’t actual investments because they use one investor’s cash to repay others. They are deceptive investing schemes that have culminated in millions of dollars in losses.