ezbit2u-logoThere is no information on the EzBit2u website indicating who owns or runs the business.

manisegaran-karuppiah-ezbit2u-adminThe EzBit2u website domain (“ezbit2u.com”) was registered on the 20th of September 2016.

Manisegaran Karuppiah (right) of “Grassroots Online Biz” is listed as the owner, with an address in Johor, Malaysia also provided.

Prior to launching EzBit2u, Karuppiah was an affiliate with Four Corners Alliance Group, Brain Abundance and FutureNet.

Read on for a full review of the EzBit2u MLM opportunity.

The EzBit2u Product Line

EZBit2u has no retailable products or services, with affiliates only able to market EzBit2u affiliate membership itself.

The EzBit2u Compensation Plan

The EzBit2u compensation plan sees affiliates purchase 0.001 BTC positions in a twenty-five tier 2×1 matrix cycler.

A 2×1 matrix places an affiliate at the top of a matrix, with two positions under them.

2x1-matrix

The two positions are filled when subsequent positions in the cycler are purchased.

Once both positions are filled the affiliate’s position “cycles” out of the matrix and enters the next tier of the cycler.

Commissions paid out across EzBit2u’s twenty-five cycler tiers are as follows:

  • Tier 1 (positions cost 0.001 BTC) – no commission, cycles into Tier 2
  • Tier 2 – no commission, cycles into Tier 3
  • Tier 3 – no commission, cycles into Tier 4
  • Tier 4 – 0.006 BTC commission, cycles into Tier 5
  • Tier 5 – no commission, cycles into Tier 6
  • Tier 6 – no commission, cycles into Tier 7
  • Tier 7 – 0.06 BTC commission, cycles into Tier 8
  • Tier 8 – no commission, cylces into Tier 9
  • Tier 9 – no commission, cycles into Tier 10
  • Tier 10 – no commission, cycles into Tier 11
  • Tier 11 – no commission, cycles into Tier 12
  • Tier 12 – 0.1 BTC commission, cycles into Tier 13
  • Tier 13 – 0.2 BTC commission, cycles into Tier 14
  • Tier 14 – 0.6 BTC commission, cycles into Tier 15
  • Tier 15 – 1 BTC commission, cycles into Tier 16
  • Tier 16 – 2 BTC commission, cycles into Tier 17
  • Tier 17 – 3 BTC commission, cycles into Tier 18
  • Tier 18 – 4 BTC commission, cycles into Tier 19
  • Tier 19 – 5 BTC commission, cycles into Tier 20
  • Tier 20 – 6 BTC commission, cycles into Tier 21
  • Tier 21 – 7 BTC commission, cycles into Tier 22
  • Tier 22 – 8 BTC commission, cycles into Tier 23
  • Tier 23 – 556 BTC commission, cycles into Tier 24
  • Tier 24 – 2000 BTC commission

Joining EzBit2u

EzBit2u affiliate membership is free, however affiliates must purchase at least one 0.001 BTC matrix position to participate in the attached income opportunity.

Conclusion

The EzBit2u website advertises it can “turn 0.001 BTC into 2000 BTC”.

Unfortunately with nothing being sold or marketed to retail customers, all EzBit2u dos is shuffle newly invested funds to pay off existing investors.

This makes it a Ponzi scheme.

EzBit2u’s financial fraud is achieved through a twenty-five tier matrix cycler. The cycler requires an ever-increasing number of position purchases to pay the few positions that cycle to the upper cycler tiers.

It goes without saying that those positions belong to Manisegaran Karuppiah, with most EzBit2u affiliates otherwise taking a loss.

As with all Ponzi schemes, once recruitment of new affiliates drops off EzBit2u will be starved of funds and collapse.

In addition to owning the pre-loaded positions that cycle first, upon collapse Karuppiah also keeps funds attached to positions that haven’t reached Tier 4.

The use of bitcoin by EzBit2u also means that recovery efforts upon collapse will be next to impossible.