The Cycled Funds website identified the CEO of the company only as “Rold”.

The Cycled Funds website domain (“”) was registered on April 1st, 2017. Harold Nwabiani is listed as the owner, with an address in Lagos, Nigeria also provided.

Presumably “Rold” is an alias of Harold Nwabiani (right).

Earlier this year Nwabiani launched MegaPTCCash, a “pay to click” scheme. Today the MegaPTCCash website is unresponsive, suggesting the scheme has collapsed.

As far as I can tell, Cycled Funds is Nwabiani’s first MLM venture.

Read on for a full review of the Cycled Funds MLM opportunity.

Cycled Funds Products

Cycled Funds has no retailable products or services, with affiliates only able to market Cycled Funds affiliate membership itself.

Cycled Funds affiliate membership provides access to ad credits, which can be used to display advertising on the Cycled Funds website.

The Cycled Funds Compensation Plan

Cycled Funds affiliates purchase $5 cycler positions in a 3×4 matrix.

A 3×4 matrix places a Cycled Funds affiliate at the top of a matrix, with three positions directly under them:

These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first four positions into another three positions each (9 positions).

Levels three and four of the matrix are generated in the same manner, housing twenty-seven and eighty-one positions respectively.

Positions in the matrix are filled via direct and indirect recruitment of Cycled Funds affiliates, who each purchase one or more $5 positions.

Commissions are paid out as positions on each level of the 3×4 matrix are filled as follows:

  • level 1 (positions cost $5, 3 positions to fill) – $3 commission when filled and cycles into level 2
  • level 2 (9 positions to fill) – $21 commission when filled and cycles into level 3
  • level 3 (27 positions to fill) – $470 commission when filled and cycles into level 4
  • level 4 (81 positions to fill) – $152,199 commission when filled

A $3 referral commission is paid when personally recruited affiliates cycle out of level 1 of the matrix.

A $5 referral commission is paid when a personally recruited affiliate cycles out of level 2.

Joining Cycled Funds

Cycled Funds affiliate membership is tied t the purchase of one or more $5 matrix cycler positions.


With nothing marketed to or sold to retail customers, Cycled Funds operates as a Ponzi scheme.

On the raw numbers side of things, each $5 investment generates a $152,693 ROI liability. To put that into perspective, that’s at least 30,539 $5 payments required for just one $5 position to realize the full offered ROI.

Owing to the non-linear nature in which matrices fill and referral commissions paid out, the actual number of position purchases required is actually higher.

Needless to say the only positions that will get anywhere near realizing a full ROI payout are those pre-loaded by Harold Nwabiani.

A few early adopters might receive what scraps are left (most of what they make is passed up at each matrix level).

When Cycled Funds affiliate recruitment drops off and the scheme inevitably collapses however, the end result will be the majority of affiliates losing money.