Mega Profit Cycler Review: Four-tier Ponzi queues
There is no information on the Mega Profit Cycler website indicating who owns or runs the business.
The Mega Profit Cycler website domain (“megaprofitcycler.com”) was registered on the 6th of May 2016, however the domain registration is set to private.
Margaret Oddy created and admins the official Mega Profit Cycler Facebook group. A post Oddy made a few hours ago claims Richard Cooper and Virginia Addy own the company.
My name is Richard Cooper. I’m the main admin in MPC, and reside in Canada along with my co-admin, Virginia Addy.
Neither Richard Cooper or Virginia Addy appear on the list of Mega Profit Cycler Facebook group members.
I also wasn’t able to find any additional information on Cooper or Addy, with Margaret Oddy appearing to be the sole face of the company.
Up until recently, Oddy’s Facebook profile publicly identified herself as a Team Vinh affiliate.
Team Vinh was a $3 million dollar Ponzi scheme shut down by the SEC late last year. Whether Richard Cooper and/or Virginia Addy were investors in the scheme too is unclear.
Read on for a full review of the Mega Profit Cycler MLM opportunity.
The Mega Profit Cycler Product Line
Mega Profit Cycler has no retailable products or services, with affiliates only able to market Mega Profit Cycler affiliate membership itself.
Once signed up, Mega Profit Cycler affiliates are able to purchase queue positions and participate in the attached MLM opportunity.
Bundled with each queue position are a series of advertising credits, which can be used to display advertising on the Mega Profit Cycler website.
The Mega Profit Cycler Compensation Plan
The Mega Profit Cycler compensation plan consists of four straight-line queues.
When three new positions have been bought in a queue, the position at the top of the queue receives a commission. Every existing position in the queue then moves up a place, where upon the process of waiting for three new positions to be bought repeats itself.
Mega Profit Cycler operate four straight-line queues as follows:
- Starter Line – positions cost $2, pay out a $1 commission and cycle into the Basic Line
- Basic Line – positions cost $4, pay out a $4 commission and cycle into the Pro Line
- Pro Line – positions cost $6, pay out a $6 commission and cycle into the Expert Line
- Expert Line – positions cost $8 and pay out a $14 commission
A percentage of invested funds are paid out into a “purchase wallet”, which must be used to purchase additional queue positions:
- Starter Line – $1 paid into purchase wallet
- Basic Line – $2 paid into purchase wallet
- Pro Line – $4 paid into purchase wallet
- Expert Line – $10 paid into purchase wallet
Referral commissions are also paid out when recruited affiliates purchase queue positions, via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Mega Profit Cycler cap payable unilevel levels at three, with commissions paid out as a percentage of funds spent on queue positions as follows:
- level 1 (personally recruited affiliates) – 6%
- level 2 – 4%
- level 3 – 2%
Joining Mega Profit Cycler
Affiliate membership with Mega Profit Cycler is free, however affiliates must purchase at least one queue position to participate in the MLM income opportunity.
This pegs the minimum cost of Mega Profit Cycler affiliate membership at $2
Describing itself as a “100% Passive Income Network”, Mega Profit Cycler offer up a four-tier Ponzi scheme.
Nothing is marketed or sold to retail customers, with Mega Profit Cycler affiliates paid a ROI on condition of additional positions invested in by new and existing affiliates.
On the raw numbers side of things, you’re looking at a $1 investment to collect a $25 ROI – entirely funded by subsequent $1 investments.
This core mechanic of using newly invested funds to pay off existing investors makes Mega Profit Cycler a Ponzi scheme.
You’d have thought the regulatory shutdown of Team Vinh might have taught Margaret Oddy a thing or two about Ponzi schemes. Particularly the part where owner Vu H. Le kept most of the money and spent it himself.
Team Vinh and Le spent little, if any, investor funds on actual business or MLM operations.
Instead, Le, a recidivist, misappropriated the overwhelming majority of the investors’ money for himself, including by gambling more than $2 million of investor funds at a Las Vegas casino.
Or perhaps, feeling that she’s based in Canada and above the law, Oddy is looking to emulate Le’s short-term “success”.
Through one or more preloaded positions at the top of Mega Profit Cycler’s queues, this time around it’s you who foots the bill.