Innova prelaunched on the web site domains “8innova.com” and “innovabackoffice.com”.
As we speak each web site domains are disabled with out clarification.
So far as I can inform, Innova now operates from the web site area “innacademy.web”. This area was privately registered on September 18th, 2024.
On its new web site, Innova fails to offer possession or govt data.
Additional analysis reveals an official Innova advertising presentation citing the next executives and insider promoters:
- Ivan Martinez – co-founder
- Juan Fernando Franco Elcure, aka Juan Franco – co-founder
- Juan Carlos Barrios – CVO
- Juan Valderrama – Product Improvement and Grasp Dealer
- Jenn and Angel Carmona – Vice President for North America
- Asdrubal Sanabria and Carolina Cruz – Vice President for LATAM
- Javier Garcia Herreros – Grasp Distributor
- Camila Morena – Grasp Distributor
Ivan Martinez and Fernando Franco are former promoters of Be Membership, a pyramid scheme that migrated to securities fraud final yr.
Martinez and Franco promoted Be Membership by means of “Sky Crew”, focusing on Central and South American customers:
Uruguay issued a Be Membership and Sky Crew pyramid fraud warning in April 2023. A number of Be Membership fraud warnings have been issued in different nations (Canada, Colombia and Norway).
As per the cited Innova govt advertising slide above, the corporate claims its headquarters are in Dubai.
Because of the proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s tips for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm is predicated out of or represents it has ties to Dubai, it’s a rip-off.
If you wish to know particularly how this is applicable to Innova, learn on for a full evaluation.
Innova’s Merchandise
Innova has no retailable services or products.
Associates are solely in a position to market Innova affiliate membership itself.
Innova affiliate membership offers entry to:
- Inn-Academy – foreign exchange, shares, crypto, e-commerce schooling platform
- Inn-TV – “real-time studying” and “interactive session with business consultants”
- Inn-Commerce – commerce alerts
- Inn-Telligence – passive returns by means of “automated buying and selling”
- Inn-Journey – low cost journey platform
Innova’s Compensation Plan
Innova’s compensation plan pays on recruitment of associates.
Innova Affiliate Ranks
There are eleven affiliate ranks inside Innova’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Inn 200 – generate 750 BV on either side of your binary group
- Inn 500 – generate 1500 BV and recruit and preserve one affiliate on either side of your binary group
- Nova – generate 5000 BV and recruit two associates on either side of your binary group
- Nova 5K generate 15,000 BV and preserve two personally recruited retail clients on either side of your binary group
- Nova 10K – generate 35,000 BV and recruit three associates on either side of your binary group
- Nova Diamond – generate 75,000 BV and preserve three personally recruited associates on either side of your binary group
- Nova 50K – generate 180,000 BV and preserve three personally recruited associates on either side of your binary group
- Nova 100K – generate 360,000 BV and recruit 4 associates on either side of your binary group
- Nova 150K – generate 600,000 BV and preserve 4 personally recruited associates on either side of your binary group
- Nova 250K – generate 1,000,000 BV and recruit 5 associates on either side of your binary group
- Nova 500K – generate 3,500,000 BV and preserve 5 personally recruited associates on either side of your binary group
BV stands for “Enterprise Quantity”. BV is generated by private and downline subscription gross sales:
- promote an Inntro membership = 150 BV
- promote an Innsight membership = 300 BV
- promote an Innpulse membership = 650 BV
- promote an Innfinity membership = 1100 BV
- promote a Pioneer membership – 1500 BV
Presumably BV can be generated on month-to-month membership funds nonetheless these quantities aren’t disclosed.
Rank qualification is calculated each 4 weeks. Observe that extra quantity on any facet of the binary group does carry over, topic to the next limits:
- Inn 200 – max 1000 BV per binary group facet
- Inn 500 – max 2000 BV per binary group facet
- Nova – max 4000 BV per binary group facet
- Nova 5K – max 5000 BV per binary group facet
- Nova 10K – max 10,000 BV per binary group facet
- Nova Diamond – max 15,000 BV per binary group facet
- Nova 50K – max 35,000 BV per binary group facet
- Nova 100K – max 75,000 BV per binary group facet
- Nova 150K – max 150,000 BV per binary group facet
- Nova 250K and Nova 500K – max 250,000 BV per binary group facet
Recruitment Commissions
Innova pays commissions on recruitment of associates:
- promote an Inntro membership and obtain $30
- promote an Innsight membership and obtain $60
- promote an Innpulse membership and obtain $130
- promote an Innfinity membership and obtain $220
- promote a Pioneer membership and obtain $300
Residual Commissions
Innova pays residual commissions based mostly on rank:
- Inn 200 ranked associates earn $200 each 4 weeks
- Inn 500 ranked associates earn $500 each 4 weeks
- Nova ranked associates earn $1500 each 4 weeks
- Nova 5K ranked associates earn $5000 each 4 weeks
- Nova 10K ranked associates earn $10,000 each 4 weeks
- Nova Diamond ranked associates earn $20,000 each 4 weeks
- Nova 50K ranked associates earn $50,000 each 4 weeks
- Nova 100K ranked associates earn $100,000 each 4 weeks
- Nova 150K ranked associates earn $150,000 each 4 weeks
- Nova 250K ranked associates earn $250,000 each 4 weeks
- Nova 500K ranked associates earn $500,000 each 4 weeks
Matching Bonus
Innova pays a Matching Bonus through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned immediately underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Innova caps the Matching Bonus at seven unilevel group ranges.
The Matching Bonus is paid on residual commissions earned throughout these seven ranges based mostly on rank:
- Inn 500 ranked associates earn a ten% Matching Bonus on stage 1 (personally recruited associates)
- Nova ranked associates earn a ten% Matching Bonus on stage 1 and 5% on stage 2
- Nova 5K ranked associates earn a ten% Matching Bonus on stage 1, 5% on stage 2 and three% on stage 3
- Nova 10K ranked associates earn a ten% Matching Bonus on stage 1, 5% on stage 2 and three% on ranges 3 and 4
- Nova Diamond ranked associates earn a ten% Matching Bonus on stage 1, 5% on stage 2, 3% on ranges 3 and 4 and a couple of% on stage 5
- Nova 50K ranked associates earn a ten% Matching Bonus on stage 1, 5% on stage 2, 3% on ranges 3 and 4, 2% on stage 5 and 1% on stage 6
- Nova 100K and better ranked associates earn a ten% Matching Bonus on stage 1, 5% on stage 2, 3% on ranges 3 and 4, 2% on stage 5 and 1% on ranges 6 and seven
Rank Achievement Bonus
Innova rewards associates who qualify at Nova 5K and better with the next one-time Rank Achievement Bonuses:
- qualify at Nova 5K and obtain an iPad Air
- qualify at Nova 10K and obtain an Apple Watch Extremely
- qualify at Nova Diamond and obtain a “diamond gold ring”
- qualify at Nova 50K and obtain a Louis Vuitton present card
- qualify at Nova 100K and obtain a Rolex Submariner
- qualify at Nova 150K and obtain a “1 week Dubai Tour for two folks”
- qualify at Nova 250K and obtain a Rolex Yacht-Grasp II
- qualify at Nova 500K and obtain a “BMW blue”
Observe that to qualify for the Rank Achievement Bonus, ranks should be certified for for 2 consecutive four-week intervals.
Becoming a member of Innova
Innova affiliate membership begins at $249:
- Inntro – $249 after which $127 a month
- Innsight – $499 after which $107 a month after three months
- Innpulse – $1099 after which $97 a month after six months
- Innfinity – $1799 after which $97 a month after 9 months
- Pioneer – not disclosed
Innova Conclusion
Innova as an MLM firm might be summed up as follows:
- Ivan Martinez and Juan Franco made a bunch of cash defrauding customers by means of Be.
- following a regulatory fraud warning of their native Colombia, in some unspecified time in the future Martinez and Franco fled to Dubai.
- hiding in Dubai is pricey, and so now now we have what’s successfully a Be Membership clone with Innova.
Along with affiliation with Dubai, major fraud considerations with Innova are its MLM compensation plan and Inn-Telligence providing.
There are not any retail clients in Innova, everyone seems to be an affiliate. I initially thought the memberships may be retail solely with affiliate choice pseudo-compliance, however compensation “pay to play” is baked into the membership themselves:
Pay to play is a robust indicator of a pyramid scheme. Not having retail clients is absolute affirmation.
With respect to Innova committing securities fraud, right here’s the Inn-Telligence pitch:
An MLM firm providing automated passive returns, nonetheless it’s arrange, constitutes a securities providing as per the Howey Take a look at.
Innova fails to offer proof it has registered with monetary regulators in any jurisdiction, thus constituting securities fraud.
Particular to the US, house of the SEC and CFTC, now we have Innova’s US Vice Presidents Jenn and Angel Carmona.
Jenn and Angel Carmona are based mostly out Florida and, like Innova and its co-founders, will not be registered with the SEC.
Relying on what’s being traded, commodities fraud can be a priority – neither Innova, its executives and the Carmonas are registered with the CFTC both.
Final month the Carmonas, together with Theron Elkre, Ana Kim, Sunny Kim, Javier Garcia Jerrerops and Ali Ahmed, have been selling Innova in Montreal, Canada.
Neither Innova or any of its executives are registered to supply securities with any Canadian monetary regulator.
Registration with monetary regulators is just not solely a authorized requirement, it requires Innova to periodically file audited monetary studies.
That is particularly essential as in its advertising Innova claims its “algorithm methods” of unknown origin is “backed by over 4 years of confirmed monitor data”.
Advertising claims like this will not be an alternative to legally required audited monetary studies filed with regulators.
In gentle of Innova’s pyramid enterprise mannequin and verifiable securities and/or commodities fraud, the remainder of the hooked up membership providers are irrelevant.
Innova citing “buying and selling on the licensed dealer of your selection” suggests the corporate has adopted the “lulz can’t contact our cash!” securities/commodities fraud mannequin.
The “lulz can’t contact our cash mannequin”permits associates to take a position funds in their very own alternate account. That is achieved on the promise of passive returns, derived by means of Innova’s purported “AI algorithm” buying and selling bot of unknown origin.
Beneath this mannequin, buyers are duped into believing that as a result of funds are traded in their very own dealer/alternate accounts, they’ll’t be stolen.
That is false. Usually “lulz can’t contact our cash!” schemes exit-scam by means of blowing the bot up or rigged trades.
Pending Innova buying and selling losses are along with funds misplaced by means of its pyramid scheme. This alone will have an effect on the vast majority of Innova associates when mentioned pyramid inevitably collapses.