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This isn’t your typical BehindMLM review since MyCOM intentionally leaves out details regarding their MLM potential in their marketing.

Hiding information is common in many facets of parent company Tesora Financial’s operations, making completing this rating difficult.

I would advise avoiding MyCOM and Tesora Financial only for this reason. MLM companies will only go to such lengths to hide information if they are up to no good.

Continue reading to learn more about MyCOM and Tesora Financial.

MyCOM’s creator and CEO is Jaime Villagomez.

Villagomez also founded and serves as CEO of Tesora Financial Group (dba Tesora International) and its subsidiaries.

In Utah, USA, Villagomez is the founder and CEO of MyCOM and Tesora Financial Group.

MyCOM was created in 2017 as a multi-level marketing ecommerce platform.

Here’s how things are four years later:

Every measurable evidence points to the demise of MyCOM’s marketplace. As a consequence, it’s not surprising that Tesora Financial and Villagomez have jumped on board with cryptocurrencies.

But first, allow me to explain what MyCOM is all about.

You’re basically looking at a cashback ecommerce platform. Affiliates, customers, and businesses are reimbursed in COMS, which Villagomez insists is “not a cryptocurrency.”

That’s misleading, because COM points appear to have had a crypto component at some point:

Aside from that, COMS could just as easily be a MyCOM currency.

When retail customers purchase items from MyCOM’s empty marketplace, they receive COMS. They are unable to withdraw them.

Retailers are paid with COMS, which may be exchanged for cash.

It is uncertain if MyCOM affiliates can pay COMs, although it seems likely that they can (hush hush).

Oh, and COMS may be directly invested in for whatever reason other than to generate revenue for MyCOM.

n terms of MLM, it is unclear whether commissions are paid on MyCOM investments.

We do know that MyCOM charges merchant fees, which are used to pay the rewards (dubbed “shareback” for obvious reasons).

MyCOM keeps 30% of the merchant’s repayment charge and pays the remaining 70%.

30% to the buyer and 1% to 4% to the MyCOM affiliate who referred the buyer (depending on how much they pay in fees).
4% of the proceeds are donated to the store’s MyCOM Pro Advisor.
15% is set aside for “regional managers.”
20% through a ten-level deep unilevel team
This unilevel compensation scheme is purposely hidden by MyCOM. It’s not visible on the internet or in their marketing videos.

According to the information I’ve seen, MyCOM does not want to be recognized as an MLM company. They feel that by doing so, they will be in a better position to recruit merchants (see screenshot above, things are looking up).

Aside from dubious business practices, MyCOM’s Marketplace failed owing to an outdated model.

MyCOM charges clients on a three-tiered pricing for access:

Fundamental – free of charge
Furthermore, $60 per year
VIP membership costs $120 per year.
The more you pay, the more COM points you will receive.

Oh, and you must be recommended as a potential customer by an existing MyCOM representative.

In comparison, there are a myriad of free apps and browser cashback/voucher extensions, many of which cover a much broader range of available merchants.

There are no fees or restrictions to joining ecosystems, and some even provide cashback.

That is the business model that MyCOM’s Marketplace competes with. As a result, it’s not surprising that the idea failed.

This is the Achilles’ heel of any MLM ecommerce cashback platform. Fees must be collected in some form or there will be no commissions to pay out.

The following affiliate fees are charged by MyCOM:

$360 per year for a business consultant
$600 per year as a Professional Representative
$900 per year for MyPoint Pro
Again, your spending habits have a direct impact on your earning potential.

The following are MyCOM’s business fees:

Shareback Plus – $100 per year, with a ceiling of $50,000 Shareback VIP – $300 per year, with a ceiling of $150,000 Shareback Free – no cost, with a $500 maximum shareback
The same thing occurred.

Membership in MyPoint is $900 per year or $75 per month. It appears to be a membership fee for the sole purpose of “increasing your income potential.”

It is unknown whether commissions are paid on the membership fees indicated above. I’d assume so, because what else is MyCOM doing with those fees?

Anyway, now that we’ve established what MyCOM is and why it failed, let’s move on to the next phase of Tesora Financial: crypto shitcoins.

Tesora Financial has a slew of shell companies, just a few of which have been discussed.

The primary companies we’ll talk about are Bitcoin Trust, Tesora Trust, Tesora Custody, and Tesora Exchange.

Tesora Financial’s main shitcoin is Bitcoin Trust.

According to the company’s plans, Bitcoin Trust (BCT) is an ERC-20 shitcoin.

ERC-20 shitcoins can be generated on the Ethereum blockchain in around five minutes for little to no cost.

Affiliates of MyCOM can invest in BCT directly through their backoffice.

According to the previous sample from Jaime Villagomez’s backoffice, Tesora Financial provides BCT to affiliates for 0.9994 USDT per.

he main reason for BCT investment, according to Tesora Financial’s marketing, is the assumption that affiliate investors will ultimately be able to withdraw more than they invested.

Due to the aforementioned confidentially, I was unable to ascertain if commissions are paid on BCT investments.

After being invested in, BCT is parked with the corporation. Tesora Financial rewards affiliate investors with more BTC in exchange. Internal value increases, and partners benefit more than they invest.

In other words, BCT is a typical multi-level marketing bitcoin passive investment scheme.

This contains a shitcoin factory (why stop at just one shitcoin? ), which is apparently related to themed smart-contracts.

One of these crap tokens is “mobility token”:

In an August 2020 mobility token promotional video, My ECOM promises “you can drive your ideal vehicle, for free.”

Affiliates invest in mobility tokens, earn more tokens in exchange, cash out other people’s money, and use that money to pay down the vehicle loan.

Tesora Financial’s website categorizes mobility tokens as “AutoMobility.”

There is a link to another website, “automobility.it,” on that page.

As far as I can tell, Auto Mobility is a separate Italian corporation that existed before MyCOM.

Naturally, there is no mention of a mobility token on the Auto Mobility website.

The only mention I could locate was on Auto Mobility’s official Facebook page in August 2020.

It’s intriguing that Auto Mobility doesn’t plaster free autos all over its website.

Other nonsense tokens with a theme Tesora Financial encourages entrepreneurship (power start) and real estate investing (power house). Invest in tokens, park tokens, earn more tokens, cash out – everything is free.

Tesora Trust is a relatively obscure option for passive investment. It’s indicated on myCOM’s website, however the company is purposely ambiguous about the specifics:

“Holding assets” appears to be yet another means to park tokens, earn more tokens, and pay out.

The cited website domain, “tesora.io,” is clearly inactive.

Tesora Custody is a bitcoin investment opportunity offered by myCOM.

Put your bitcoin in Tesora Custody and you will receive more coins!

It makes no sense to hold your bitcoins without exchanging them; instead, deposit them and let them work for you!

This appears to be a standard Ponzi scheme gimmick in bitcoin trading.

Finally, there is a passive investment option called “Mining Farm by Tesora Group.”

Tesora Group’s Mining Farm allows members of the community to participate without having to deal with the technology by utilizing Tesora currencies [sic].

This is the only mention I discovered of a “tesora token.”

Tesora Financial Group and Jaime Villagomez have established and are selling many securities offerings by providing a variety of passive investment options via their MLM opportunity or elsewhere.

all of this going on in the United States, myCOM and Tesora Financial Group are required by the Securities and Exchange Commission to register their securities offerings (SEC).

MyCOM, Tesora Financial Group, any of the known shell corporations, or Jamie Villagomez have not been registered with the SEC.

Now you see why everything is concealed and quietly promoted behind closed doors.

In conclusion;

myCOM is a failed ecommerce platform MLM company that hides its true nature; parent company Tesora Financial Group has jumped on the crypto bandwagon, launching several passive investment schemes; neither myCOM nor Tesora Financial Group is registered with the SEC, indicating that the company is committing securities fraud and operating illegally.
You’re familiar with the routine. This is not going to end well.

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