Food Earners Track Review: Charity ruse matrix cycler Ponzi
Food Earners Track fails to provide ownership or executive information on its website.
Food Earners Track’s website domain (“foodearnerstrack.com”), was registered in December 2019. The private registration was last updated on November 23rd, 2023.
One entity we can tie to Food Earners Track is Dextra Technologies, author of Food Earners Track’s marketing materials.
Dextra Technologies is a digital marketing firm based out of Awka, Nigeria. As of May 2024, SimilarWeb also tracked 100% of Food Earners Track website traffic from Nigeria.
From this we can surmise whoever is running Food Earners Track is likely based out of Nigeria.
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.
Food Earners Track’s Products
Food Earners Track has no retailable products or services.
Affiliates are only able to market Food Earners Track affiliate membership itself.
Food Earners Track’s Compensation Plan
Food Earners Track affiliates purchase N1000 positions in a six-tier matrix cycler.
Food Earners Track uses 3×1 and 3×2 matrices in its cycler.
A 3×1 matrix is simple, requiring only three positions to fill.
A 3×2 matrix adds an additional level, bringing the total number of positions to fill to twelve.
Positions in the cycler are filled via direct and indirect recruitment of Food Earners Track affiliates who also purchase N1000 positions.
Once all positions in a matrix are filled, a “cycle” is generated. This corresponds with a commission payment and entry into the next tier of the cycler.
Payments across all of Food Earners Track’s six matrix cycler tiers are as follows:
- Feeder (3×1 matrix, costs N1000 to enter) – N1100 commission and cycles into Stage 1
- Stage 1 (3×2 matrix) – N6500 commission and cycles into Stage 2
- Stage 2 (3×2 matrix) – N40,000 commission and cycles into Stage 3
- Stage 3 (3×2 matrix) – N150,000 commission and cycles into Stage 4
- Stage 4 (3×2 matrix) – N9,500,000 commission and cycles into Stage 5
- Stage 5 (3×2 matrix) – N55,000,000 commission
Note that Food Earners Track affiliates who cycle out of Stage 5 receive N4,000,000 per affiliate they’ve recruited who also cycles out of Stage 5.
Joining Food Earners Track
Food Earners Track affiliate membership is free.
Full participation in the attached income opportunity requires at least one N1000 cycler position purchase.
Food Earners Track Conclusion
Food Earners Track combines a charity marketing ruse with financial fraud.
We are Multi Level Marketing (MLM) Network company on a mission to empower lives (charity, improve economy standard
and financial freedom), people struggling to feed themselves, economic insecurity, food insecurity, hunger, malnutrition, poverty and a lot of others in the society.We create the working together to provide sustainable food items for all registered members and also makes one self
-employed.Also, we help to increase standard of living, creating room for job opportunity and empowering the less privilege.
This is of course baloney. Here’s the first thing visitors to Food Earners Track’s website see:
Like all cycler Ponzi schemes, Food Earners Track is about enriching oneself at the expense of others.
Specifically, one N1000 Food Earners Track position cycling through all six tiers pays out N64,697,600. That’s 64,697 N1000 payments.
Needless to say the only person getting anywhere remotely close to that is Food Earners Track’s anonymous admin(s).
Admin positions in an MLM Ponzi cycler are added in first. These positions contribute nothing to the scam but suck most of the deposited funds by reaching the upper tiers of the cycler first.
This comes at the expense of the recruited participants, the majority of whom lose money.
To drive a point home; stealing from people to enrich yourself is the opposite of “empowering the less privilege”.
Just tried to apply the standart mathematical model to the scheme.
Either I have missed something, or I don’t really understand how recruitment in matrix cyclers works, but in a typical pyramid scheme if you recruit three people and go through Food Earners Track matrix tiers with them, it is mathematically impossible to advance any further than cycling out of Stage 4. At this point admins run out of money to pay out (almost N4.7 mil deficit).
That’s at level 9 of the company-wide 3x(n) matrix. Admin sits on N1,667,000. 19,683 people paid N1000 and received nothing. 6561 people (level 8) would get N1100 each. 729 people (level 6) would get N6500 each.
81 people (level 4) would get N40,000 each. 9 people (level 2) would get N150,000 each. You are at the top, so you are entitled to N9,500,000. However, you are not getting this money.
You have to remember the higher tier cycler matrices don’t fund themselves, they’re all funded by position investment in the first tier.
There’s no “company-wide” matrix per say, only tiers that spawn up matrices (these positions are tracked company-wide to fill but the matrix itself doesn’t fill company-wide).
Feeder = N1000 in, three positions full equals N3000, N1100 paid out and N1900 paid into Stage 1
Stage 1 = N1900 in, twelve positions full equals N22,800, N6500 paid out and N16,300 paid into Stage 3
Stage 2 = N16,300 in, twelve positions full equals N195,600, N40,000 paid out and N155,600 paid into Stage 4
etc. etc.
The math tracks it’s just unsustainable because there aren’t infinity N1000 payments going in to prop the Ponzi up.