Review: Scam Or Legit? | Recover Lost Funds

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Summary has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to We’ve received over 5 complaints against

IAM, which claims to have been founded in 2013 in Colorado, just established using false registration information, contradicting its purported legacy. A shell corporation certificate issued just days before its website registration contradicts its previous claims, implying fraudulent activity. With regulatory warnings from agencies such as the Central Bank of Russia and a lack of verified ownership, potential affiliates should proceed with caution, reflecting the opacity and risk of MLM scams.

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Key Takeaways has lost investors thousands of dollars website owner is anonymous
Vague terms of service

Is Regulated? Do They Have a License?

IAM’s official website, registered under the name “,” was created on April 11th, 2024, using bogus registration information. Despite its recent inception, IAM falsely claims to have been created in Colorado in 2013. Homepage

This claim is disputed by the inclusion of a shell corporation certificate for Investment Asset Management LLC dated April 9th, 2024, which is intended to corroborate the founding claim but instead emphasizes the fraud.

The certificate, which is associated with a shell corporation, is part of a frequent scammers’ strategy of using easy-to-create companies with false information. This practice is especially common in multi-level marketing (MLM) schemes, where such credentials are often deemed irrelevant due to their lack of verifiable authenticity.

Individuals should use caution when considering joining MLM organizations that do not disclose their ownership or executive structure. The lack of this information raises a serious red signal, indicating potential risks in involvement and investment. Homepage

The lack of regulation or the presence of poor regulation is a huge red flag. It means is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?


Trading Conditions and Deposit/Withdrawal Methods at

IAM does not provide any retail products or services, but focusing primarily on the marketing of affiliate memberships.

The remuneration plan encourages affiliates to invest in tether (USDT) by promising large returns over various timeframes, depending on the investment tier:

VIP LevelInvestment Range (USDT)Daily Return RateDuration (days)Downline Requirement
VIP010 to 401.53% to 1.59%7None
VIP150 to 2992% to 2.08%30None
VIP2300 to 7002.6% to 2.7%282 affiliate investors
VIP3800 to 25003.24% to 3.36%267 affiliate investors
VIP43000 to 80003.92% to 4.06%2422 affiliate investors
VIP510,000 to 18,0004.64% to 4.8%2260 affiliate investors
VIP620,000 to 100,0005.4% to 5.58%20120 affiliate investors
This structured system indicates progressively higher potential returns with larger investments and growing network requirements, emphasizing the MLM’s focus on expanding affiliate recruitment.

IAM does not reveal the criteria for obtaining various ranks within the payout plan, which is a frequent problem in many MLM schemes, potentially leading to misconceptions and mistrust among members.

Joining IAM as an affiliate is free, but full involvement and possible earnings demand a minimum investment of 10 USDT. This approach is typical of MLM schemes that prioritize recruitment and investment over actual product or service sales.

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

4 Customer Service: Do They Handle Complaints Well?

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, customer support won’t resolve your issues and become increasingly unavailable.

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5 Reviews: What Do Others Say?

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “ reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising reviews coverage

You should always look out for consumer complaints. In the case of, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about You can share your complaint in the comment section or submit an anonymous tip.


Is Legit Or a Scam?

IAM uses a “click a button” Ponzi scheme strategy, in which affiliates are encouraged to believe that by checking in and interacting with the app, they can earn a return on investment (ROI). However, this operation does not generate revenue, but rather recycles cash from new investors to pay off previous ones.

Broader Meaning of “Click a Button” IAM is part of a bigger trend of “click a button” app Ponzi schemes, which have emerged since late 2021. These schemes often function briefly before abruptly shutting down, incurring in huge losses for the majority of participants. The repeated trend, as well as the sudden termination of these sites, point to a coordinated scam operation, most likely run by a recurring group of fraudsters. is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust

All the evidence suggests that is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.


Frequently Asked Questions

Is a scam?

According to the online reviews of this company, it’s highly probable that is a scam. You should exercise caution when dealing with them.

Can I withdraw money from

Yes, you can withdraw your funds from by getting in touch with one of our experts. Get your money back immediately.

Where is Located?

There is no information available on the location of

How do I get my money back from

To get your money back from, you can file a chargeback. Learn more here.

How The Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

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