YIPTG has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Mabcredit. We’ve received over 6 complaints against YIPTG.
YIPTG’s official website, “yiptg.com,” was registered on January 5, 2024, with a private registration that conceals the owner’s identity. The website fraudulently claims to have been formed in Nevada in 2012, a falsehood reinforced by the recent registration of a shell corporation, YIPTG LLC, in Nevada on January 9, 2024. The company’s operations, as indicated by the usage of Beijing-developed Meiqia software, and its traffic, primarily from Europe, raise concerns about its legitimacy and transparency.
Get Your Money Back From These Scammers!
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Key Takeaways
Is YIPTG Regulated? Do They Have a License?
YIPTG’s official website domain, “yiptg.com,” was first registered on January 5, 2024. The domain was registered privately, therefore the registrant’s identity was hidden from public view.
Despite the fact that its website was just registered, YIPTG makes a deceptive claim on it, asserting that it was “established in Nevada, USA in 2012.” This assertion contradicts the domain’s real registration date and the company’s formal creation.
YIPTG has also produced a certificate confirming that YIPTG LLC, a shell corporation, has been registered in Nevada. This certificate, dated January 9th, 2024, raises questions because shell businesses may be quickly created with minimal verification and are frequently utilized by fraudulent entities to create the appearance of validity. This behavior throws into doubt YIPTG’s operational and physical presence in Nevada.
An examination of the source code for YIPTG’s chat support service reveals that it runs on Meiqia software, which was created by a Beijing-based corporation. This relationship shows that YIPTG’s operations or origins may be in China rather than the United States.
SimilarWeb traffic research shows that the majority of YIPTG’s visitors come from Belgium (27%), Ukraine (23%), Russia (15%), Latvia (13%), and Portugal (11%). This distribution of traffic indicates a targeted marketing strategy in these regions.
YIPTG lacks transparency in terms of ownership and operational leadership. This opacity is a common red flag in MLM evaluations, indicating possible hazards for people considering participation.
The lack of regulation or the presence of poor regulation is a huge red flag. It means YIPTG 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 YIPTG, 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 YIPTG
YIPTG does not provide any retail products or services. The only alternative for affiliates is to publicize YIPTG’s membership, highlighting its operation as a standard MLM scheme.
YIPTG’s reward plan includes many investment tiers in which affiliates can invest in tether (USDT) with daily returns ranging from 2% to 3.3%, depending on the amount invested and recruitment achievements. Here are the tiers.
| Tier | Investment Range (USDT) | Daily Returns | Conditions |
|---|---|---|---|
| VIP1 | 30 to 500 | 2% to 2.3% | None |
| VIP2 | 500 to 3,000 | 2.3% to 2.8% | Enroll five affiliates |
| VIP3 | 3,000 to 10,000 | 2.8% to 3.3% | Enroll ten affiliates |
Recruitment Bonuses:
Bonuses increase with the number of affiliates recruited, from 10 USDT for one to 30 USDT for five recruits.
The monthly salary is determined by the number of second-level recruits and ranges from $120 for fifty affiliates to $1,050 for one thousand affiliates.
While joining YIPTG is free, full participation in the reward scheme necessitates an initial investment of 30 USDT.
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.
YIPTG 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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YIPTG 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 YIPTG 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 YIPTG 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 YIPTG, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like YIPTG enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “YIPTG reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising YIPTG.
You should always look out for consumer complaints. In the case of YIPTG, 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 YIPTG? You can share your complaint in the comment section or submit an anonymous tip.
Is YIPTG Legit Or a Scam?
YIPTG runs a standard “click a button” app Ponzi scheme, claiming to make revenue through quantitative trading triggered by simple user interactions with an app. This premise is highly problematic because the act of clicking a button is unlikely to result in legitimate trade activity.
The strategy is likely unsustainable, as it recycles cash from new investors to pay off older ones, and it is projected to fail, as similar schemes have appeared and failed since late 2021.
YIPTG 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 YIPTG 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 YIPTG?
All the evidence suggests that YIPTG 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
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How The YIPTG Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
