TruIQ International launched in November 2017 and gives a UPS Retailer tackle in Utah on its web site.
TruIQ International’s authentic launch noticed it mix a “Uniq Magnificence Drink” with 1ViZN weight reduction dietary supplements, Bella Allume private care merchandise and important oils.
There was additionally some bizarre “TruIQ TruLife” take a look at;
Via TruIQ’s TruLife program, you’ll be capable to take a look at, observe and enhance your private, social and environmental IQ.
Right this moment TruIQ International’s product line up is comparable however they’ve additionally jumped on the hemp oil bandwagon. Oh and a few yr in the past, TruIQ additionally launched a cryptocurrency funding scheme via TruQoin.
TruIQ International fails to supply possession or govt info on its web site.
Additional analysis reveals two founding executives in TruIQ International’s advertising materials; CEO Preston Stewart and President Jason Erik Golly.
Preston Stewart’s MLM historical past has seen him present communication and software program options to MLM firms since 1989.
As per Stewart’s LinkedIn profile, he launched Xennsoft in August 2005.
Xennsoft develops software program for and helps the Direct Gross sales, Community Advertising and Celebration Plan industries.
Xennsoft’s web site continues to be up however issues appear fairly quiet. appears fairly useless. Xennsoft’s FaceBook web page was deserted in November 2019.
Its Twitter profile was deserted in June 2018. In December 2021 it was resurrected as a part of TruIQ’s transition into cryptocurrency.
BehindMLM featured Jason Golly as co-founder and CEO of Interact International in November 2017.
Interact International’s web site continues to be up however, like TruIQ International, no govt info is supplied. Golly co-founding TruIQ International suggests he may need left the corporate someday in 2018.
When precisely Dan Lutz joined TruIQ International company isn’t clear however in March 2021, Lutz put collectively the TruQoin whitepaper:
Dan Lutz is without doubt one of the ringleaders behind The Billion Coin Ponzi scheme.
The Billion Coin launched in 2016. It was a reasonably easy non-MLM crypto Ponzi that primarily focused third-world nations.
Buyers invested in TBC, which went up in worth the more cash was invested. The issue was TBC was locked up by The Billion Coin and TBC couldn’t be cashed out.
In September 2016, Lutz appealed to The Billion Coin buyers to elect him “TBC Chief for America”.
My identify is Dan Lutz and I’m working for the Chief of The Billion Coin neighborhood for America.
I’ve been a part of The Billion Coin Group for the reason that prelaunch. And for the reason that very starting I acknowledged the genius of a coin whose value solely goes up.
Lutz spends the remainder of the video trotting out whacky conspiracy theories in an try to justify stealing cash via Ponzi schemes.
In April 2020 the Philippine SEC issued a The Billion Coin fraud warning.
The general public should be cautious that any promise of ridiculous charges of return with little or no dangers is a sign of a Ponzi Scheme the place monies from new buyers are utilized in paying faux “earnings” to earlier buyers.
Additionally, any promise that defies the conventional monetary logic is definitely unreliable and sketchy.
Though he’s believed to be a US nationwide, Lutz’s TruQoin whitepaper locations him in Quezon Metropolis, Philippines.
Preston Stewart and Jason Golly are believed to be US nationals residing in Utah.
As all the time, if an MLM firm is just not brazenly upfront about who’s working or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
TruIQ International’s Merchandise
TruIQ International markets a variety of hemp oil, weight reduction, private care and important oil merchandise.
And though TruIQ International claims it “doesn’t promote cryptocurrency”…
TruIQ International additionally sells its TruQoin cryptocurrency direct to buyers.
Hemp Oil
- CBX4 – “broad spectrum hemp oil”, retails at $90 for a 30 ml bottle
Weight Loss
- Mykro – “stimulates your ENTIRE physique to assist burn undesirable fats and energy”, retails at $109 for a bottle of 60 capsules
Private Care
- Silky Easy – “enhances the youthful and radiant look of pores and skin, nails and hair by delivering a novel mix of wealthy vitamins from Rice Bran Oil and different pure elements”, retails at $100 for a forty five ml bottle
- CBX4 Tremendous Infused Collagen4 – collagen cream with 250 mg CBX4 Hemp, retails at $85 for a 4 oz jar (118 ml)
- CBX4 All-Pure CBX4 Physique Lotion – “ultra-rich face and neck moisturizing lotion with a particular mix of natural oils and botanicals”, retails at $65 for a 4 oz jar (118 ml)
- CBX4 Physique Mist – ” you’ll get over 7ml of pure hemp seed oil, with 250mg of CBX4″, retails at $55 for a 4 oz bottle (118 ml)
Important Oils
TruIQ International markets numerous important oils for $20 to $65 per 15 ml bottle.
TruIQ International additionally markets “signature mix” important oils:
- 120/80 – “helps the physique preserve a wholesome coronary heart by regulating blood stress”, retail sat $36 for a 15 ml bottle
- Abo – “retains the blood transferring via the physique by rising circulation”, retails at $30 for a 15 ml bottle
- BodyPur – “works with the physique to rid it of day after day toxins”, retails at $25 for a 15 ml bottle
- CardioHealth – “assists in sustaining a wholesome coronary heart”, retails at $25 for a 15 ml bottle
- DeepRelief – “works to lower swelling, irritation, and aches”, retails at $33 for a 15 ml bottle
- Deep Tranquility – “aids in rest and helps to extend restful sleep”, retails at $36 for a 15 ml bottle
- Fractionated Coconut – “one of many healthiest and hydrating oils on earth”, retails at $15 for a 4 oz bottle (118 ml)
- ImmuGuard – “helps the immune system by preventing widespread viruses, reducing irritation, and guarding in opposition to widespread parasites”, retails at $33 for a 15 ml bottle
- Macadamia Nut – “very moisturizing, regenerating, and softening to the pores and skin … anti-inflammatory and anti-microbial”, retails at $15 for a 4 oz bottle (118 ml)
- Psychological Readability – “works to enhance focus”, retails at $33 for a 15 ml bottle
- OxiShield – “works as an antioxidant for the physique, aids in digestion and curbing sugar cravings, helps to enhance reminiscence and combat fatigue”, retails at $28 for a 15 ml bottle
- PureNRG – “assists in feeling youthful by working together with your physique to regenerate cells, detoxify, combat on a regular basis stress and improve moods”, retails at $25 for a 15 ml bottle
- Tamanu – “this oil has been utilized in magnificence routines, and moreover in therapeutic and exterior well being”, retails at $35 for a 15 ml bottle
- WeightAbate – “helps curb cravings and enhance weight reduction”, retails at $36 for a 15 ml bottle
TruQoin
TruIQ International sells TruQoin direct to buyers through “catches”.
As per the above TruIQ International advertising slide, associates can immediately make investments into 100 TRQ at a time. There additionally seems to be an rising 10 TRX payment added to every funding.
As soon as invested in, TruQoin might be held within the hope “quantity go up”, or invested once more into TruIQ International’s staking funding scheme.
TruIQ International affords 10 block or 100 block staking funding plans (complete 110 blocks mixed per staking plan).
These correspond with TruQoin mining blocks.
It needs to be famous that, as of July 2023, TruIQ International has solely mined 7 TruQoin blocks.
Particular TruQoin staking returns aren’t disclosed however TruIQ International does characterize the extra TruQoin is staked the upper the passive return:
Staking rewards additionally enhance sequentially per block mined on lively staking funding plans.
TruIQ International’s Compensation Plan
TruIQ International hides particulars of its “TruIQ Fusion Pay Plan” from the general public.
Sometimes this may be a difficulty however the MLM aspect of TruIQ is secondary to its TruQoin scheme. The MLM aspect of TruIQ International right this moment is principally a feeder for TruQoin funding.
In a nutshell, TruIQ International’s MLM compensation plan pays out commissions like an everyday MLM firm.
Commissions nonetheless are diminished, as TruPoints are paid out in lieu of full fiat fee payouts.
I don’t know what the precise break up is as a result of TruIQ International hides this info from the general public.
TruPoints are multiplied based mostly on recruitment legs and recruited associates on autoship.
TruPoints, together with direct funding, are used to calculate completion of TruQoin mining blocks. There are 2500 blocks inside TruQoin.
When a TruQoin mining block completes, a hard and fast quantity of TruQoin is distributed to TruIQ International associates. “Mined” TruQoin is distributed pro-rata based mostly on collected TruPoints.
At the moment, TruQoin solely exists inside TruIQ International. Associates money out into tron (trx) or tether (USDT), via TruIQ International’s inner TruSwap alternate.
Alternatively, TruIQ International associates can take part in a staking funding scheme.
The staking funding scheme sees TruIQ International associates make investments obtained TruIQ International associates with the corporate. That is carried out on the promise of passive TruQoin returns, tied into the creation of mining blocks.
The ultimate part of TruIQ International’s compensation plan is an NFT funding scheme.
TruIQ International associates buy as much as 5 NFT positions, costing between 5 and 25 million TRX every:
- first NFT place = 5 million TRX (at the moment ~$407,800 USD)
- second NFT place = 10 million TRX (at the moment ~$815,600 USD)
- third NFT place = 15 million TRX (at the moment ~$1.22 million USD)
- fourth NFT place = 20 million TRX (at the moment ~$1.63 million USD)
- fifth NFT place = 25 million TRX (at the moment ~$2.03 million USD)
TruIQ International associates who maintain NFT funding positions obtain a share in 5% of generated TruQoin.
The generated 5% is break up into 5 smaller 1% swimming pools, which correspond with the 5 accessible NFT funding tiers.
TruQoin solicits funding into NFT positions on the illustration “every 1% NFT might carry is [sic] over 100,000 TruQoin”.
Becoming a member of TruIQ International
TruIQ International affiliate membership is determined by whether or not you need merchandise or simply to take part within the TruQoin funding scheme.
MLM Membership
TruIQ International’s common MLM membership is a call-back to their non-crypto MLM roots:
- 1-Bottle Silky Easy – prices $90 and comes with one bottle of Silky Easy (word product not featured on TruIQ International web site) and 100 TruPoints
- 1-Bottle MYKRO – prices $90 and comes with one bottle of Mykro and 100 TruPoints
- 1-Bottle CBX4 – prices $90 and comes with one bottle of CBX4 and 100 TruPoints
- CBX4 Household Pack – prices $250 and comes with assorted TruIQ International merchandise and 300 TruPoints
- Starter Pack – prices $400 and comes with assorted TruIQ International merchandise and 500 TruPoints
- Builders Pack – prices $900 and comes with assorted TruIQ International merchandise and 1000 TruPoints
Observe that the extra is spent on membership the extra merchandise are bundled.
TruPoints are transformed into TruQoins for participation within the TruQoin funding scheme.
If a TruIQ International affiliate solely desires to take part within the TruQoin funding alternative, they join Q-Membership:
- Q-Membership Defend – $34.95 a month (pockets, video library and telephone assist, account retrieval)
- Q-Membership Professional – $89.95 a month (Q-Membership Defend plus elevated TruPoints)
- Q-Membership Prime – $149.95 a month (Q-Membership Professional plus higher elevated TruPoints, baked-in month-to-month autoship and entry to “TruQoin College”)
TruIQ International Conclusion
TruIQ International began off as a standard MLM firm. Right this moment the MLM aspect of the enterprise is a Malicious program for numerous TruQoin funding schemes.
Earlier than we get into the core of TruIQ International’s providing, I do wish to level out the unlawful medical claims used to market its non-crypto merchandise.
At a look TruIQ International’s important oils are problematic in mild of there being no peer-reviewed medical research to again up medical claims made.
CarioHealth, OxiShield, ImmuGuard and Abo are specific standouts.
TruIQ International pitches ImmuGuard as supporting “the immune system by preventing widespread viruses, reducing irritation, and guarding in opposition to widespread parasites”.
The place is the proof to show ImmuGuard does any of these issues???
On the regulatory entrance TruIQ International’s medical claims are most actually a violation of the FTC Act. I wouldn’t be shocked if, after investigating TruIQ International’s claims, the FDA categorized its important oils as medicine too.
As unhealthy representing huffing a necessary oil can combat viruses and defend in opposition to parasites, issues get much more egregious in TruIQ International’s advertising movies.
On Could eleventh, 2023, Jason Erik Golly claimed in a single such video that
[4:01] The TruIQ merchandise include pure medicines which are assured to spice up your immune system … and even tackle the Asperger’s, autism, ADD, ADDHD spectrum.
Unsupported baloney, undoubtedly a violation of the FTC Act and apparent FDA bait.
As a lot as TruIQ International’s MLM merchandise are simply an excuse for autoship to generate TruPoints, it’s nonetheless harmful to be making unsubstantiated medical claims about them.
Transferring onto TruQoin, we have now a TRC-20 shitcoin.
TRC-20 shitcoins are issued on the tron community. They are often created in a couple of minutes at little to no price.
TruQoin’s transition to cryptocurrency securities fraud started with an inner ICO for insiders.
Once more, that is quoted from Jason Golly within the Could eleventh advertising video;
[10:08] Members of TruIQ have been allowed to purchase TruIQ’s TruQoin at about 6-10 cents a bit, solely inside TruIQ not too way back. A few yr in the past’ish.
As soon as insiders had been locked in, TruIQ International opened up the coin and commenced artificially elevating the value. Right this moment TruQoin’s inner worth sits at 292 TRX (~$23.86).
Damaged down, these are the parts of TruIQ International’s TruQoin funding scheme:
- enroll as a TruIQ International affiliate with autoship, recruit others on autoship, generate TruPoints and get TruQoins, watch for “quantity go up” as a result of different individuals make investments and money out
- make investments immediately into TruQoin catches, watch for “quantity go up” as a result of different individuals make investments and money out
- stake TruQoin, get extra TruQoin as a passive return and money out
- spend money on ~$407,000 to $2 million NFT positions, obtain TruQoin as a passive return and money out
Every of those funding schemes constitutes an funding contract as per the Howey Take a look at.
TruIQ International is required to register its funding contracts as securities choices with the SEC.
A search of the SEC’s public Edgar database reveals neither TruIQ International, TruQoin or any of its executives are registered.
Which means at a minimal, TruIQ International is committing securities fraud.
Why?
As a result of all they’re doing is recycling invested funds to pay TruQoin money out requests on the backend. There’s not even an try at a bullshit exterior income ruse.
The second TruQoin is launched from inner manipulation (i.e. it’s dumped on dodgy public exchanges), the ~$23.86 worth will plummet as buyers money out.
Extra importantly, this constitutes a basic MLM crypto Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve TruIQ International of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.