iSynergy Group: Is the Firm Involved in a Ponzi Scam? Evade! (New Update 2023)
iSynergy Group is an affiliate marketing company that markets itself as a regional leader in the industry. They have a strong presence in Australia and Malaysia.
About iSynergy Group aka Syarikat iSynergy International Sdn Bhd:
According to their website, iSynergy Group is a performance marketing firm that empowers the modern marketplace through technology.
They claim to be one of the leading providers of performance-based marketing solutions in Southeast Asia with a proven revenue model.
Surely, the company makes a lot of bold claims about its operations.
The Managing Director of this firm is Dato’ Lawrence Teo and the non-executive director is Derrick De Souza. Josh Hunt is another non-executive director while Kevin Coutinho is the sole executive director.
They have offices in Australia, Malaysia, and Indonesia.
iSynergy Group is Operating in Malaysia but Refusing to Offer Shariah Compliant Services:
When I was looking into this affiliate marketing company, I came across one of their controversies with Ustaz Zaharuddin.
Mr. Zaharuddin was acting as a Sharia advisor to iSynergy Affiliate Junction for their Islamic schemes.
Initially, he had received criticism for trying to clean up the company’s name when it faced allegations of fraud. However, soon after receiving those allegations, he stopped associating with the company.
Furthermore, he highlighted that he and his colleague had shared a detailed proposed structure to make the new iSynergy Affiliate Junction scheme sharia compliant.
However, the company refused to implement those changes. They refused to make their new scheme shariah compliant. As a result, UZAR stopped his affiliation with the company.
This move had caused a lot of controversy at the time, considering a large section of their customer base is Muslim.
Moreover, it attracted a lot of negative attention to the company and it seems they have put in a lot of effort into ensuring people don’t find out about this.
What is a Ponzi Scheme?
A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.
iSynergy Affiliate Junction is a Scam! – A Client Review
Although Affiliate Junction markets itself as a way for Malaysians to save money and generate extra income, it has received a lot of reviews calling it a scam.
Many consumers call it a Ponzi scheme that doesn’t pay out.
There are plenty of Affiliate Junction reviews online calling the company a scam. For example, the following reviewer highlights that they need help to get the loan back. They can’t afford to pay back the loan every month.
The victim highlights that they entered into the loan agreement 8 months ago by taking an AA license.
However, when they went to iSynergy Affiliate Junction, they felt betrayed. They say “Around RM650 coat, How can you buy it for RM650… especially if you need it”.
Another Review of iSynergy Group and Affiliate Junction Exposing Their Scam:
The reviewer here highlights that they got into the schemes of iSynergy Group because of their myriad program. They believed it would help them generate additional income and one of their friends was involved in something similar.
When they saw their friend’s social media posts, they were quite interested. Hence, the reviewer decided to get into Affiliate Junction.
Although the reviewer faced some problems initially which prevented them from joining the scheme of iSynergy Group, they eventually succeeded in joining the affiliate program.
Their friend invited them to join ASKL and asked them to pay for the entrance ticket. The reviewer had to pay RM100. At the time, they were only interested in finding out more about Affiliate Junction and its operations.
Later, they got to the PICC and entered ASKL. They point out that many people there who had visited the event were actually smart. However, they were misguided.
There were multiple speakers at the event. All of them claimed to be people who got successful through iSynergy Group’s Affiliate Junction.
However, the reviewer highlights that the speakers didn’t talk a lot about the Mykad program. Instead, they only talked about their successes. The reviewer says it got boring to listen to these ‘successes’ after a while.
Also, the reviewer points out that the main goal of iSynergy Group’s scheme is to make you sign up for their licenses. At the time, it cost RM1000 but the reviewer highlighted that the license price went up RM22k, which they couldn’t afford.
When the reviewer told the marketer that they couldn’t afford the license, he suggested getting a loan.
Apparently, the marketer was well aware of the reviewer’s profession and could help them get a loan for the license. Still, the reviewer turned down the offer.
That didn’t make the marketer stop.
He contacted the reviewer again and this time, offered to help get a loan that wouldn’t cost anything. The marketer told the reviewer that he can get a free license if he gets a loan for RM66,000.
This was a bit too much for the reviewer. They asked the marketer how would they cover the costs of this loan and he assured them that the company pays out RM200 to RM500 per month.
Certainly, the iSynergy Group marketer was only interested in selling the loans.
Luckily, the reviewer didn’t sign up for the loan.
But many consumers weren’t that lucky. There are plenty of iSynergy reviews where the customers are trapped because of their predatory practices.
More iSynergy Group Reviews (Affiliate Junction Scammer Reviews):
There are plenty of reviews on iSynergy Group exposing its predatory practices.
Here, the reviewer points out that the company targets students who are eager to earn a little income. They force students to join and pay RM1000. Many students end up working part-time or taking out loans to pay this joining fee.
Then, you have another victim calling out Affiliate Junction for forcing their student son to join the program. They point out that the boy is naive and doesn’t know how to solve this issue.
Another reviewer tells people to avoid joining iSynergy Group AJ because it is an MLM scheme.
Here, the reviewer points out that this scam is hurting students the most. The company makes false promises to them and doesn’t deliver.
Users Ask About iSynergy Group to Find Out If They Are A Scam:
Apart from iSynergy Group reviews, there are plenty of forum discussions on the company as well. Most of them call the company a scam, another huge red flag for anyone considering doing business with them.
Here, the user asks about Syarikat iSynergy International Sdn Bhd, the Malaysian subsidiary of iSynergy Group. Apparently, their friend has been pressuring them to join the company, calling it a trusted investment.
In response, users pointed out that the company follows a MLM structure. Hence, they don’t recommend joining it.
That’s not all.
I found another discussion talking about the fraudulent company. Here, a user asks about Affiliate Junction, one of the main schemes of iSynergy Group.
They suspect it’s another MLM scam and want other people’s opinions on it.
Users highlight that it’s a Ponzi scheme. Another user recommends running away from it because it is definitely a scam.
After going through the above points, it’s obvious that iSynergy Group is running a fraudulent scheme through Affiliate Junction. Its subsidiaries target students and other desperate people with false promises and trap them in shady loans.
Beware of such scams. Avoid dealing with them as much as possible.
iSynergy Group is a scam, according to its multiple reviews and complaints. The company is gaining notoriety for running Ponzi schemes through Affiliate Junction in Malaysia and other countries. Beware of this fraudulent organization.
- Received too many complaints
- Ponzi scheme