James Divine Incomation – MLM Scammer Exposed (2023 Review)
Here are the Details about ownership or executives that should be included on Incomation’s website.
Kartra’s subdomain (“incomation.katra.com”) serves as the operating site for Incomation.
The “greatest integrated platform ever” is how Kartra advertises itself. A US corporation led by CEO Sarah Jenkins, Genesis Digital LLC, includes Kartra.
As far as I can determine, there isn’t a clear relationship between the two businesses; nonetheless, whoever is in charge of James Divine Incomation is a Kartra client.
Many links are labeled “Connect with our Founder” at the bottom of the James Divine Incomation website.
The social media accounts of Jamie Divine may be accessed by clicking on these links.
The information on Divine’s Facebook page indicates that he is a Canadian citizen who resides in the Philippines.
Divine promoted Eaconomy before he started Incomation.
How did James Divine Incomationfind the business?
The economy debuted in 2019. After Hassan Mahmoud and his wife Candace separated from convicted fraudster David Mayer, they founded the business.
The Mahmouds and Mayer operated Silver Star Live before to Economy. An AI forex trading bot served as the foundation for the MLM businesses Eaconomy and Silver Star Live.
In 2019, the CFTC and the Mahmouds reached a settlement on allegations of Silver Star Live commodities fraud. Again for the Silver Star Live commodities scam, the CFTC obtained a $15.6 million judgment against David Mayer in 2021.
In 2020, the economy crashed. Through Jeremy Reynolds’ Beyond, the economy underwent a brief reboot in 2021.
That lasted for a short while before Beyond itself crumbled and was sold off to My Daily Choice.
Early in 2021, the economy had a third reset under the same false pretense of an AI FX trading bot.
As of April 2023, Eaconomy’s website is still up, although not much is happening.
Here is a statement made by Jamie Divine at the beginning of James Divine Incomation;
To come back to Incomation, we realize that was a lot of history. In the final section of this review, you’ll learn why we spent the time to thoroughly discuss Eaconomy’s beginnings.
For a thorough analysis of Incomation’s MLM potential, continue reading.
Products of James Divine Incomation
An “A.I. trading bot” is a tool used in the affiliate marketing sector.
For an account with $100,000 in funding or $200,000 in funding, access to the bot costs $1500 or $2000, respectively.
The majority of funded accounts are given by Next Step Funded, and Income represents that Next Step Funded will bear any losses that occur.
Plan of Compensation for Incomation
Affiliates in the affiliate program are compensated for bringing in retail customers and affiliates with investments of $1500 or $2000.
On money invested down two levels of recruitment (unilevel), James Divine Incomation pays a referral commission:
- level 1 (affiliates directly hired) – 20%
- level 2 – 10%
This commission only applies once and is based on the first investment.
The ROI Commissions
On passive returns earned down two levels of recruitment, James Divine Incomation pays a commission:
level 1 – 20%
level 2 – 10%
This commission is a regular monthly payment that is based on monthly passive income.
Registering in James Divine Incomation
A $1500 or $2000 investment is required to join the Incomation affiliate program.
The potential revenue of James Divine Incomation affiliates increases with their investment level.
Observation and Conclusion
For $1500 and $2000, respectively, James Divine Incomation offers access to FX trading accounts with balances of $100,000 and $200,000.
Evidently, there is a company willing to allow individuals to blow up hundreds of thousands of dollars for a small investment, subject to certain “challenges”.
The website of Next Step Funded doesn’t provide any information on ownership, management, or regulations.
The website domain (“nextstepfunded.com”) of Next Step Funded was only recently privately registered on October 9, 2022.
The following conditions and terms are taken from the Next Step Funded website:
The MLM industry is not actively regulated in St. Vincent and the Grenadines, a tax haven.
MDP Funding was also mentioned, and it seems to be another alternative for financed trading accounts.
Another business that doesn’t provide any information about itself is MDP Funding, other than the fact that it allegedly does business through the Australian shell firm Prop Trade Tech.
Similar to Next Step Funded, MDP Funding just recently officially acquired the “mdpfunding.com” domain on December 11, 2022.
When it comes to James Divine Incomation, these are your first warning signs.
Incomation, which was previously promoted by Eaconomy, is merely Jamie Divine copying and pasting the same A.I. trading bot model.
Incomation does not provide any information on its alleged A.I. trading bot on the regulatory front. Equities and materials are the two in question in terms of regulatory licensing.
Any MLM business that provides opportunities for passive investment is subject to securities law. This holds true regardless of the way the investment opportunity is managed or the payment method (USD, cryptocurrency, etc.).
Laws governing commodities come into effect as a result of forex trading’s ability to generate passive income.
In the US, Incomation must register with the CFTC and SEC. Jamie Devine and James Divine Incomation are not recognized by either authority.
It doesn’t appear like Next Step Funded is registered with any financial authorities either.
I did take note of this from the website’s FAQ for Next Step Funded;
It doesn’t matter. In order to advertise for investments, Incomation and Next Step Funded must each register with the securities and commodities regulators in the respective jurisdictions.
Unfortunately, Incomation’s website doesn’t generate enough traffic for SimilarWeb to offer an overview by region.
I can give you the following relevant regulations for administrators of Incomation’s official Facebook group:
Filipino resident Jamie Divine is subject to Philippine SEC regulation of securities and commodities.
Anfa Joy Samboa appears to be a resident of the Philippines; the Philippine SEC regulates equities and commodities.
Will J. Galindez, an American who lives in Illinois and is subject to SEC and CFTC regulation of securities and commodities
Nicholas V. LoScalzo, a resident of Kansas in the US, is subject to SEC securities regulation and CFTC commodity regulation.
Ollie Gray, a UK resident from Worcestershire, is subject to FCA securities and commodities regulation.
None of these people appear to be registered with the relevant banking regulators.
Any money paid to James Divine Incomation in regard to losses is forfeited as soon as it is given to the company.
This is from the website FAQ for Next Step Funded;
In essence, you want to use the A.I. trading bot to recoup your costs before the account crashes or Next Step Funded vanishes.
The regulatory flaws in the industry are sufficient justification for caution.
There is ample proof that no one has made extended, reliable money from trading even after four years if you go no further than economics for the idea of James Divine Incomation.