iBuumerang Review (2026): The Travel MLM That Froze Withdrawals and Changed Hands

iBuumerang in One Minute

iBuumerang was a travel-focused multi-level marketing company that launched in 2019 under chairman and CEO Holton Buggs, a well-known MLM recruiter. It sold monthly memberships to a discount travel booking platform and paid members to recruit others. Each membership came with "boomerangs," logins to the travel site that members could hand out to friends and prospects.

The company's later history is the main reason to be cautious. iBuumerang added a forex trading product, disabled promoter withdrawals in May 2025, and was sold that autumn to Risen Live, a little-known company based in Dubai, with Buggs becoming its chairman. Separately, Buggs is a defendant in a federal fraud case brought by the Commodity Futures Trading Commission (CFTC). This review explains how iBuumerang worked and what anyone still involved should consider.

How iBuumerang Worked

iBuumerang sold access to iGo, a travel booking platform promoted as offering up to 70% off retail prices on hotels, cars and stays, with a "refund of the difference" price guarantee. Membership levels included a set number of boomerangs, which members could give away. When someone used a boomerang and later joined, the member who shared it earned a commission.

Standby$599

Coach Class$849

Business Class$1,688

First Class$2,188

The iBuumerang Compensation Plan

The plan combined travel commissions with recruitment rewards:

1. Recruitment commissions of about $20, $40 or $80 for each new member, depending on their package.
2. Binary residuals based on membership volume on two sides of your team.
3. Unilevel residuals on your downline.
4. Leadership and lifestyle bonuses for higher ranks.

There were 14 ranks, with weekly residual caps from about $1,000 at the first rank to $250,000 at the top. Those caps were limits, not typical earnings. As with most travel MLMs, the money came mainly from monthly membership fees paid by members, so recruiting new paying members mattered far more than booking travel.

What Went Wrong

Several events changed iBuumerang from a travel club into a company to approach with real caution:

• A forex product: iBuumerang added a forex trading service, which drew a fraud warning from a financial regulator in New Zealand.
• Withdrawals disabled (May 2025): promoters reported they could no longer withdraw their earnings.
• Sale to Risen Live (autumn 2025): Buggs announced a "merger" with Risen Live, a Dubai-based company selling clothing, personal care products and supplements. He gave up the iBuumerang CEO role and became Risen Live's chairman. The financial terms were not disclosed, and Risen Live's website listed little about its ownership or compensation plan.

If you had money in an iBuumerang account, the key question is whether you can still withdraw it. Ask in writing, keep records, and be wary of anyone who says you must join a new company to be paid.

The CFTC Case Involving Holton Buggs

On September 30, 2024, the CFTC filed a civil fraud case in federal court in Florida against The Traders Domain, a forex trading operation, and a group of people including Holton Buggs. The CFTC charged fraud and misappropriation, and it is seeking restitution, disgorgement, penalties and trading bans. In June 2025, it told possible victims they had to file claims with the court-appointed receiver to be eligible for any recovery. The case is pending, and the allegations have not been proven. You can read the CFTC's announcement.

The Traders Domain case is separate from iBuumerang. But when the leader of an MLM is a defendant in a federal fraud case, it is reasonable to be more careful about trusting that leader with your money.

Is iBuumerang a Pyramid Scheme?

We do not make legal findings. But iBuumerang's model had the features regulators look for: income came mainly from monthly membership fees paid by recruits, recruitment was rewarded directly, and few members appear to have earned from travel bookings themselves. The FTC's guidance on multi-level marketing and pyramid schemes describes this as a key warning sign.

Is iBuumerang a Scam?

iBuumerang began as a real travel booking membership. But disabled withdrawals, a forex product that drew a regulator's warning, an undisclosed sale to an obscure Dubai company and a leader facing a federal fraud case add up to serious red flags. We would not join iBuumerang or follow it to Risen Live.

If You Were an iBuumerang Member

• Request a full statement of any balance you are owed, and ask how to withdraw it.
• Cancel recurring membership payments you no longer want, and check your card statements.
• If you are owed money and cannot get it, consider a complaint to your state attorney general or the FTC at ReportFraud.ftc.gov.
• Be careful with "recovery" offers that ask for a fee to get your money back.

Pros and Cons

Who iBuumerang Might Suit

As of 2026, iBuumerang does not suit anyone. Travelers can find discounts through mainstream booking sites with no monthly fee, and anyone seeking income should avoid a company with frozen withdrawals.

Our #1 Recommendation for Making Money Online in 2026

If iBuumerang isn't the right fit for you, here's what we suggest instead.

After comparing hundreds of programs over the years, we know what works and what doesn't. In fact, most of the business opportunities are either instant cash grab schemes or scams or they require experience. However, this beginner-friendly system stood out and is our #1 recommendation for 2026.

Other MLM Reviews

• inCruises review: a $100-a-month travel club fined in Poland.
• Organo Gold review: a coffee MLM where Holton Buggs was a top earner.
• My Daily Choice review: an MLM that moved its sellers to another company.

Frequently Asked Questions

Our Verdict on iBuumerang

iBuumerang sold travel discounts, but its pay plan ran on monthly fees from recruits, its withdrawals were frozen, and it was quietly sold to a Dubai company whose chairman faces a federal fraud case. Stay away.