MegaCyclerClub Review: Wealth4Life launch 2nd Ponzi cycler
There is no information on the MegaCyclerClub website indicating who owns or runs the business.
The MegaCyclerClub website domain (“megacycler.club”) was registered on the 28th of January 2015 and lists a “Tom Taylor” as the owner. An address in the Philippines is also provided.
Tom Taylor is the CEO of Wealth4Life, which is the brand he uses to recruit people into various opportunities.
Under the Wealth4Life brand, Taylor also launched UltimateAdClub earlier this year.
A recruitment-based opportunity that saw affiliates purchase matrix position for between $5 and $50, UltimateAdClub appears to have stalled shortly after launch.
The collapse of the short-lived scheme has likely prompted Taylor to release MegaCyclerClub.
Read on for a full review of the MegaCyclerClub MLM business opportunity.
The MegaCyclerClub Product Line
MegaCyclerClub has no retailable products or services, with affiliates only able to market affiliate membership with the MLM opportunity itself.
The MegaCyclerClub Compensation Plan
The MegaCyclerClub compensation plan sees affiliates purchase $50 matrix positions on the promise of an advertised $650 ROI.
This ROI is paid out via a series of three matrix cyclers.
The first matrix cycler MegaCyclerClub use is a 4×1, that is to say there are four positions that need to be filled in the matrix.
These positions are filled via subsequent purchase of matrix positions, either by the affiliate themselves or by other MegaCyclerClub affiliates.
Once all four positions are filled, a $50 commission is paid out and the position is moved into the second matrix.
The second matrix MegaCyclerClub use is a 3×1. Same concept as a 4×1, only this time there are three positions to fill.
Once all positions in the matrix are filled, a $100 commission is paid out along with one entry into the third matrix.
The third matrix is a 2×1 matrix, requiring 2 positions to be filled.
Once both positions in the third matrix are filled a $500 commission is paid out.
The total ROI for cycling through the three MegaCyclerClub matrices is $650.
A referral bonus is also paid when personally recruited affiliates cycle through the second and third matrices. $5 is paid on the second matrix and $25 on the third.
Finally, note that MegaCyclerClub withhold 25% of all commissions paid out. This balance must be used to purchase additional matrix positions.
Affiliate membership with MegaCyclerClub is tied to the purchase of at least one matrix position ($50).
UltimateAdClub promises “to turn $50 into $650”, with nothing marketed or sold to retail customers via the process.
Whereas UltimateAdClub used three 5×1 matrices, here in MegaCyclerClub Tom Taylor has opted for a slightly smaller matrix sizes.
Otherwise the concept is the same, $50 goes in and a ROI is paid out of subsequently invested affiliate funds.
This qualifies MegaCyclerClub as a recruitment-driven Ponzi scheme, with as much confirmed in the company’s Terms and Conditions:
MegaCyclerClub will continue to operate as long as people keep on investing in the system, either through reinvestment of their earned money, or by buying new positions.
As with all Ponzi schemes, once new investment runs dry (the purchase of new $50 matrix positions), the scheme collapses.
UltimateAdClub saw an initial spike in late January that peaked in February and went into sharp decline by the end of the month.
Given the near-identical business model of MegaCyclerClub, one can expect the same thing to happen again.