BigBangCycler Review: $10 subscription-based matrix Ponzi
There is no information on the BigBangCycler website indicating who owns or operates the company.
The BigBangCycler website domain (“bigbangcycler.com”) was registered on the 3rd of January 2015, listing a “Bonnie Smith” as the owner. An address in the UK is also provided.
Further research reveals this address to “Sheffield Silverware Limited”, which doesn’t appear to have anything to do with BigBangCycler.
A Facebook page linked off the BigBangCycler website displays the following profile picture:
This profile photo too has nothing to with BigBangCycler, having been stolen from the University of Calgary (Canada) website:
Given this, it’s highly unlikely that “Bonnie Smith”, as represented in the BigBangCycler domain registration exists.
Typically bogus UK domain registration is a hallmark of scammers operating out of India, and I’m seeing nothing here to suggest otherwise.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The BigBangCycler Product Line
BigBangCycler has no retailable products or services, with affiliates only able to market affiliate membership itself.
Once signed up, BigBangCycler affiliates can then purchase matrix subscription positions.
Bundled with each subscription purchase are a series of advertising credits, which can be used to display advertising on the BigBangCycler website.
The BigBangCycler Compensation Plan
The BigBangCycler compensation plan revolves around affiliates signing up and purchasing $10 matrix position subscriptions.
Each $10 subscription buys ten positions, generated at a rate of one a a day for ten days.
Each of these generated positions is cycled through two matrices.
These matrices are 2×1 in nature, requiring two subsequent positions to be filled in order for a commission to be paid.
Commissions paid out are $3 per $1 position, meaning each $10 position subscription ultimately pays out $30 (300% ROI).
A matching bonus on commissions paid out is available, paying out 15 cents per position that cycles.
Referral commissions are also paid out on funds invested by recruited affiliates, paying out down three levels of recruitment:
- level 1 – 7%
- level 2 – 2%
- level 3 – 1%
Finally, note that 25% of all commissions paid out must be re-invested back into the company.
Affiliate membership with BigBangCycler is free, however free affiliates can only generate referral commissions via recruitment.
Participation in the BigBangCycler income opportunity requires the purchase of at least one matrix subscription position, bringing the minimum cost of BigBangCycler affiliate membership to $10.
From the BigBangCycler FAQ:
IS BIGBANGCYCLER A HYIP, PONZI, PYRAMID SCHEME, OR ILLEGAL PROGRAM
Absolutely No, this is not an investment site nor is it illegal in any way.
With nothing being marketed to or sold to retail customers, BigBangCycler simply take newly invested funds and use it to pay off existing investors.
That much is confirmed in the scheme’s “no refunds” refund policy:
DO YOU PROVIDE REFUNDS
No. We do not provide refunds under any circumstances as … payments are sent to club members as affiliate cash rewards.
The advertising credits bundled with matrix position purchases are neither here nor there, serving only to add a false sense of legitimacy to what is otherwise a $10 in, $30 out Ponzi scheme.
The 10 day subscription model creates the illusion of prolonged activity, serving only to drag out the inevitable collapse once newly invested affiliate funds dry up.
It also allows the admin to preload the scheme with his or her own positions, delaying the length of time before affiliates who join after realize all the funds they invested have been withdrawn.
At this point the anonymous admin does a runner, with anyone with funds still trapped in the scheme losing out.