iQLife iQUnite Scam? Yes It Is In My Opinion!
Recently there has been a new social network that is being promoted as a business opportunity. Let’s take a look into the claims that are made about iQLife and iQUnite formerly iQKonnect. Is it a scam or a real opportunity?
iQlife Scam Claims
Get paid to socialize with iQLife and a new social media platform that REWARDS and PAYS you!
Our Social Sharing Platform will be a beautiful, fun, and first-class platform. People will be attracted to it, for sure. And then they will enjoy engaging with it, and see all the things that they will be rewarded for and they will all very naturally share it with their friends. It’s just the way it is.
You have the unique opportunity to be a part of this movement from the very beginning and you don’t have to modify anything that you’re already doing. We are simply linking you to a platform that will reward you for what you already do, giving you the key to the front line as the FIRST INVITERS.
What is so unique about iQKonnect? It is unique because iQKonnect offers generous rewards and income to its users. Those who are FREE users will earn points—points that they can redeem for gift cards and products—simply by using the platform in the same way they use all their other social media sites. As they become active in inviting, Konnecting, and sharing they will also have every opportunity to upgrade to Premium Subscriber for only $9.95 monthly and start earning income along with rewarded points from all their Konnections. – Source iQLife Website
iQlife Scam Reality
Here is why I think iQLife and IQUnite are a scam:
1. They are now iQUnite formerly iQKonnect and have launched a basic no frills platform that will never compete with Face Book. With 10,000 followers at $9.95 each, someone is making nearly 100,000 a month after only investing a few hundred dollars into the Dolphin Boonex social media building site, after claiming to have invested millions.
2. They do not have a company history for creating quality products, but they are making powerful claims about their unfinished product.
“Our Social Sharing Platform will be a beautiful, fun, and first-class platform. People will be attracted to it, for sure. And then they will enjoy engaging with it, and see all the things that they will be rewarded for and they will all very naturally share it with their friends. It’s just the way it is.” – Keith Reid
3. Only basic mock ups and very limited feature descriptions are provided for people before they invest money to become First Inviters.
Here is an example of the limited information that is provided to people.
4. They are running a product-based pyramid scheme linked to the roll out of an unfinished social network.
“It is important to know not to click on FREE Subscription as it will not put you into the system. We are only signing up Premium Subscribers right now so that you are positioned as one of the First Inviters. After you fill out all the information you’ll receive your own website link, so that your friends and contacts can join your first inviter team from your site—and they can start building their first inviter team.” – Keith Reid
5. The Executive Brand Partner of this company has been the promoter of multiple pyramid schemes including one that was sued by the State of California for being a gigantic pyramid scheme.
“I love life with my lovely wife and 5 children, it is wonderful. We like the outside ventures and cook out almost everyday. We travel a lot and enjoy every moment of it. We are building our future with YTB and it couldn’t be better. Wow, finally a company that will never take away what we build. Life is great and we try to enlighten everyone we meet that they too can live the life they only dream about. Looking forward to meeting everyone in here, which is what networking is all about, building those relationships. So, enough about me and my family – have a wonderful and prosperous day and we will talk soon. Bye for now!” – Keith Reid
California Attorney General Edmund G. Brown Jr. announced a lawsuit against YourTravelBiz.com for operating a ‘gigantic pyramid scheme’ that recruited tens of thousands of members with deceptive claims that members could earn huge sums of money through its online travel agencies. – Source Oag.ca.gov
Key People Involved
Ivy Johnson, IV – Owner of iQLife
Keith Reid – Executive Brand Partner
Level 9 Marketing, LLC
410 Peachtree Parkway, Bldg. 400, Suite 4245
Cumming, GA 30041
Founded in December 2012 and located in the technology capital of the South, Atlanta, Georgia, Level 9 Marketing LLC initially entered the $15 billion APP industry. In Mid August, 2013, Level 9 Marketing was purchased from its founders by two of its original Brand Partners. Level 9 Marketing is shifting to iQLife.
This is a $9.95 monthly app subscription that every time you and your team share it, you earn a commission.
Level 9 has fused a 3×9 forced matrix plan, with compression. Your matrix has 29,532 positions. The matrix limits your “front line” or your Level 1 to just 3 positions. As you and your team continue to enroll Brand Partners the force filling dynamic (exclusive to the matrix) fills those new Brand Partners who join under those already on your team filling top to bottom, left to right, placing those new Brand Partners in the first available open position in your matrix.
On Level 2 you have 9 positions. When you and your team members have filled your first two levels of 3 and 9 for a total of 12 Brand Partners, you are now earning more than you are spending on your monthly app subscription.
Level 9 has a Check Match program where you can earn up to 50% on all personally enrolled Brand Partners’ monthly matrix check. – Source iQLife Website
You can get a refund up to 30 days after you join.
iQlife Scam Conclusion
iQLife is running a product-based pyramid scheme. They have built a multi-level compensation plan on an unfinished social network. For this privilege you get to pay $9.95 per month to be a First Inviter.
In my opinion this is investment fraud and a pyramid scheme. They show how big the social networking market is and make you think they are creating a valuable addition with little to back up their claims. They then get you to pay a monthly fee while you wait for the product to be completed and invite all your friends to do the same. You should avoid this scam.