Is iPro Network a Scam? One Big Fraudulent MLM Exposed!

iPro Network has been generating buzz in the MLM industry since its inception, but not for the right reasons.

This is a MLM or multi-level marketing industry that operates in the cryptocurrency niche. Their official website doesn’t provide any information on who the owner is or where they’re located, but third-party research suggests that Armando Contreras is named as the official CEO.

Contreras claims that he has “15 years” of direct selling experience, working with “multi-national businesses in niches such as travel, insurance, and IT”.

It sounds impressive at first glance, but upon verification of his so-called claims, I wasn’t able to find anything remotely close to what he posted on his bio.

There’s no information about him or his MLM experiences outside of iPro Network, and that’s a red flag surrounding his existence and experience.

iPro Network Product Line

iPro Network does not offer any retail products or services. Members are buying into the affiliate membership that allows them to earn money from their compensation plan.

Investments made into their compensation plan are used to purchase their crypto called Pro Coin.

A third-party company called Pro Commerce appears to be developing this coin, as well as several of the new platforms.

They also announced about their plans to provide a “retail discount platform”, that would allow Pro Coin holders to purchase products and services from third-party retailers.

Carlos Contreras is named the “Project Founder” of Pro Commerce, but it’s unclear as to how he’s related to Armando Contreras.

Does The Product Line?

When you look at iPro Network and its income opportunity, you have to think of it as you would with any MLM company.

For a company to operate in the MLM industry, it needs to have retail products or services to offer as majority of its compensation plan. Recruiting members and getting incentivized for it should be a secondary source.

However, iPro Network doesn’t have any physical products or services to sell, and what you get into is a membership to purchase tokens and matrix positions. The fact that they even threw in the word “INVESTMENT” means that they want to make you think the money you’re making came from investing.

There’s no investment being done here, and they sure aren’t registered with the SEC to carry out investments. Even if they are a registered company, they would need to comply with SEC regulations to start investing. By telling people that it’s investing, they could actually get sued by the SEC.

If you promote this program, you could go to jail for it.

iPro Network only offers one way to make money from their compensation plan, and that is through recruitment.

There’s no investing or trading being done here, so don’t mistake your earnings for profits. You’re earning from the people you recruit into the program.

How To Get Started with iPro Network?

There are affiliate memberships available for purchase, which is $50 annually plus the purchase of one of the packages:

• Basic – $100
• Intermediate – $500
• Accelerated – $2000
• Advanced – $3000
• eTrader – $5000
• Professional – $6000

The difference between the packages is its income potential via their compensation plan.

iPro Network Compensation Plan

The iPro Network comp plan tries to make you think you’re investing in Pro Coin, but the commissions are actually from recruiting others to do the same.

70% of the earnings are paid out in cash, while the remaining 30% are paid in Pro Coin.

Recruitment Commissions

When new members are recruited, you get 10% recruitment commission based on your package:

• recruit a $100 package affiliate and receive $10
• recruit a $500 package affiliate and receive $50
• recruit a $1500 package affiliate and receive $150
• recruit a $2500 package affiliate and receive $250
• recruit a $5500 package affiliate and receive $550

Residual Commissions

The iPro Network compensation plan follows a binary compensation structure. This places two recruits into two sides or legs: left and right.

The first level houses 2 positions and the second level splits the first 2 positions into 2 positions each, having a total of 4 positions and goes on infinite levels.

The commissions are capped based on the packages signed up:

• Basic affiliates are capped at $500
• Intermediate affiliates are capped at $2500
• Accelerated affiliates are capped at $7500
• Advanced affiliates are capped at $12,000
• Professional affiliates are capped at $35,000

You see, the incentives provided by the compensation plan are focused on recruiting people and there’s no way that profits are generated by “investing”.

There’s nothing I like about iPro Network. It’s a terrible Pyramid scheme and there’s nothing that you could gain from signing up for this program.

iPro Network appears to be a pyramid scheme, and they’ve already been pursued by the SEC. This is more than enough to dissuade people from getting into the program.

• The fact that they carry out investments and trading without a registration means that they are committing securities fraud. Promoting this program could land you some jail time.
• Members aren’t going to make any money because their coin is completely useless and worthless.

Stay away from this program!

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...