Centurion Profits Review: PowerCycle13 relaunched
There is no information on the Centurion Profits website indicating who owns or runs the company.
The Centurion Profits website domain (“centuronprofits.com”) was registered on the 14th of November 2012, however the domain registration is set to private.
Further research on various social media platforms however uncovers the following two names credited as admins of the company, Keith Curtis and Frank Dillon.
Keith Curtis operates out Indiana in the US and has previously launched the scheme PowerCycle13.
PowerCycle13 launched in August of 2012 and promised participating affiliates 137-200% ROIs on investments. By January 2013 PowerCycle13 had officially run out of money, with Curtis advising affiliates that the company was ‘just about out of funds to keep up with the current shares owned‘.
We regret to inform you that PowerCycle13 is forced to shut its doors. Unfortunately, we cannot continue. I truly am sorry if this has caused any inconvenience to our members.
I have refunded accounts who put in new money the past month starting with the most recent and going backwards. Our accounts are now drained.
There is no way to continue with only 10 percent of the accounts/members actually participating in our program.
As PowerCycle13 was on the verge of organic collapse, Curtis touted a number of possibilities going forward – one of which was
refund(ing) the new money, (closing) down PC13 then do(ing) another program (one that starts off better than this one – I know it was a mess at the beginning) with a new design and new name and more! with the outside programs also linked and more!
Launched in late July 2013, Curtis’ new “program” would appear to be Centurion Profits.
Meanwhile a Frank Dillon appears to be involved in Primerica, but whether or not that’s the same Frank Dillon Keith Curtis has partnered with to admin Centurion Profits is unclear.
Read on for a full review of the Centurion Profits MLM business opportunity.
The Centurion Profits Product Line
Centurion Profits has no retailable products or services. Instead affiliates pay to join the company and then invest in a series of “plans”.
The Centurion Profits Compensation Plan
Affiliates join Centurion Profits at one of four levels, with the level joined at determining which of the four available plans an affiliate can invest in.
- Starter Plan ($2) – 1% a day for 180 days, maximum of $500 able to be invested
- Intermediate Plan ($12) – 1.2% a day for 180 days, maximum of $1000 able to be invested
- Advanced Plan ($23) – 1.4% a day for 180 days, maximum of $3000 able to be invested
- Ultimate Plan ($45) – 1.7% a day for 180 days, maximum of $5000 able to be invested
30% of all ROIs paid out to affiliates must be re-invested back into the company.
Referral commissions are also available to affiliates, paid out down a maximum of ten levels of recruitment. How many levels an affiliate is paid referral commissions on depends on which plan they have invested in:
- Starter – 3% on level 1, 2% on level 2 and 1% on level 3
- Intermediate – 5% on level 1, 3% on level 2 and 1% on levels 3 and 4
- Advanced – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1% on levels 5 and 6
- Ultimate – 10% on level 1, 7% on level 2, 5% on level 3, 3% on level 4, 2% on levels 5 to 7 and 1% on levels 8 to 10
Apparently Centurion Profits also run closed auctions for their affiliates, guaranteeing a “10% daily for 30 days” ROI for auction winners:
This is just for our members and can help increase revenue for everyone involved. For example, If bids were $1 each, you could win $200 in shares that grow to $300 in 30 days (10% daily for 30 days) for a low reserve from $3.00 to $5.00.
This could be a big opportunity for all of our members. These auctions will vary depending on each members participation.
A crowdfunding lottery style system is also offered to affiliates, with affiliates able to “pledge” $10 or more towards various causes.
In return Centurion Profits selects random participating affiliates and offers them a chance to redeem money invested in Centurion Profits and various cash bonuses.
Centurion Profits claim that all ‘percentages are randomly generated by our system (with a ) limit (of) one pledge per person‘.
Joining Centurion Profits
Affiliate membership to Centurion Profits is available at four levels, with each directly tied into how much an affiliate can invest in the scheme:
- Starter – $2
- Intermediate – $12
- Advanced – $23
- Ultimate – $45
Centurion Profits will continue to do pay its plans fully with it’s members as long as people keep on depositing into the system.
With all funds entering Centurion Profits and paid out using a daily percentage model, the company quite obviously functions as a Ponzi scheme.
Not according to admin Keith Curtis though, who attempts to address this issue in the Centurion Profits FAQ:
Isn’t this considered a ponzi scheme?
I would say no. Even though we offer a daily rate which at some point may become hard to pay (hopefully not), a true ponzi uses only new money to pay old members.
We have real products and real services that earn revenue which pay you daily. Also as stated above, if there is ever a need for it, we have a restart feature to keep things from turning into a full blown ponzi-like program.
We also have REAL guaranteed earnings* which no one has in a true ponzi. Even if the shares crash, guaranteed earnings will always pay out.
We also give you great advertising and more to come in the near future!
The “daily rate” Curtis mentions is paid out of new affiliate investments, so whatever else is attached to it becomes irrelevant. At it’s core, Centurion Profits functions as a Ponzi scheme, paying existing investors with new investor money.
As for the “products and services” Curtis mentions, that I have no idea about – I couldn’t see anything on the Centurion Profits website.
Curiously, despite the obvious investment scheme nature of the business, Curtis insists via the Centurion Profits disclaimer that the opportunity does not function as such:
We are not an investment firm/site. We sell advertising and provide real services and real products to our members and affiliates.
There may come a day when we do not reach our projected earnings causing a fluctuation in member earnings too.
As with any money venture, please remember there is risk involved and you are responsible for your own actions.
We do not offer any refunds. All purchases/pledges are final unless otherwise stated.
Somewhat amusing when you consider the website is littered with references to “plans”, “principals”, “returns” and “compounding”.
For those still not convinced, Centurion Profits even offer visitors a “returns calculator”:
Punch in a dollar amount and the calculator will calculate the “total profit paid” to an affiliate (minus admin fee) using an ‘accumulated percentage return on investment (ROI) over 180 days‘.
Centurion Profit isn’t an investment scheme?
Like PowerCycle13 before it once new investor money runs out so too will the funds to pay existing investors. PowerCycle13 collapsed roughly five months after launch, and I imagine the same will happen with Centurion Profits, if not sooner.
Maybe Centurion Profits read the Frederick Mann/JSSTripler/JustBeenPaid/ProfitClicking racketeering “restart” playbook.
On a side note, there once was a Ponzi-forum darling (2011) known as Centurion Wealth Circle. It was popular among Club Asteria’s racketeering group and once tried to resurrect its initial collapsed Ponzi by introducing a feeder Ponzi known as “The Tornado” or “mini-cycler.”