AutoBTC Builder Review: Six-tier 2×2 matrix bitcoin Ponzi cycler
AutoBTC Builder provide no information on their website about who owns or runs the business.
The AutoBTC Builder website domain (“autobtcbuilder.com”) was privately registered on July 14th, 2017.
A marketing video on the AutoBTC Builder website is hosted on a Vimeo account bearing the name “Gregory Aggesen”.
Further research reveals Aggesen confirming he is the owner of AutoBTC Builder on Facebook:
Aggesen’s Facebook history dates back to 2010, with promotion of the collapsed TVI Express pyramid scheme.
More recently Aggesen was linked to the twice collapsed JetCoin Ponzi scheme.
Read on for a full review of the AutoBTC Builder MLM opportunity.
AutoBTC Builder Products
AutoBTC Builder has no retailable products or services, with affiliates only able to market AutoBTC Builder affiliate membership itself.
The AutoBTC Builder Compensation Plan
AutoBTC affiliates purchase 0.0167 to 4.05 BTC positions in a six-tier 2×2 matrix cycler.
A 2×2 matrix places an AutoBTC Builder affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Positions in the matrix are filled when new and existing AutoBTC Builder affiliates purchase cycler positions.
Once all six positions in a matrix are filled, a “cycle” is generated and a commission paid out.
Commissions paid out across AutoBTC Builder’s six cycler tiers are as follows:
- Level 1 (positions cost 0.0167 BTC) – pays a 0.05 BTC cycle commission
- Level 2 (positions cost 0.05 BTC) – pays a 0.15 BTC cycle commission
- Level 3 (positions cost 0.15 BTC) – pays a 0.45 BTC cycle commission
- Level 4 (positions cost 0.45 BTC) – pays a 1.35 BTC cycle commission
- Level 5 (positions cost 1.35 BTC) – pays a 4.05 BTC cycle commission
- Level 6 (positions cost 4.05 BTC) – pays a 12.15 BTC cycle commission
Joining AutoBTC Builder
AutoBTC Builder affiliate membership is tied to a 0.0167 to 4.05 BTC cycle position.
Full participation across all six AutoBTC Builder cycler tiers costs 6.0667 BTC.
Conclusion
AutoBTC Builder presents itself as a simple 0.0167 BTC minimum investment Ponzi scheme.
Affiliates invest in cycler positions, with each tier designed to suck up more money.
Affiliate positions are shuffled toward the sixth tier, wherein Gregory Aggesen takes as much money as he or she wants before anyone else.
To provide some perspective to AutoBTC Builder’s compensation plan, 0.0167 BTC payments deliver a potential 12.15 BTC ROI.
That’s 727 first-tier investments, not accounting for additional buy-ins across levels 2 to 6.
Still, it’s pretty obvious most AutoBTC Builder affiliates aren’t going to have 727 investments placed after their own.
On top of that there’s Ponzi math to consider, which guarantees that when a Ponzi scheme collapses the majority of investors lose money.
Is there a way to get your money back.
Nope. You invested in a Ponzi scheme and your money is long gone.
Sorry for your loss.
Regarding Auto BTC Builder.
Many scams are revealed after a while in the market – but unfortunately the company Auto Bitcoin Bulder still operates, even though this company is one of the largest scams ever – which unfortunately has scammed thousands of gullible people.
If you are planning to join the company Auto Bitcoin Builder, you should know the following:
As part of the company’s fraud, the company often refers to its rules and regulations.
What you then need to know is that the company uses two different rules and regulations – a variant that is on the company’s website, and which can be read before you sign up – and a completely different variant after you have signed up.
This provision, which can only be read after you have signed up – indicates that the company can throw you out and seize your money – if you have not signed up new members (customers) within 180 days – which comes as a shock on many members as this provision is very well hidden from new members.
The vast majority of newcomers who sign up are, of course, very active in the start-up period and recruit their friends and acquaintances into the concept.
But, it goes without saying that new recruitment will gradually decline as time goes on, and all friends and acquaintances are requested.
And, if you should become ill or for other reasons have not been active in the last 180 days – your account will automatically be closed and deleted – even if you have recruited both 20-30-40 and 50 people previously.
And – if you have accumulated Bitcoin in your balance account, all your Bitcoin will also be seized by the company.
This is outright theft and fraud put in a system, even though the company points out that everyone has accepted the company’s guidelines when signing up as a customer – something that does not correspond to reality.
Not only does the company get rich from all payments made from customers who have signed up (and which are deleted after 180 days of inactivity) – but in addition, the company also seizes the Bitcoin that is in the respective balance sheet account.
Again – this is a criminal legal theft and fraud that all new customers should be aware of.
You are hereby warned.