Money Go Round Review: Bigger than Achieve Community?
There is no information on the Money Go Round website indicating who owns or runs the business.
The website does have an “about us” link, however clicking on it currently returns a “404 not found” error.
The Money Go Round website domain was registered on the 30th of March 2015, however the domain registration is set to private.
Further research reveals an official Facebook page set up Money Go Round affiliates, with Lynn Torres, Ivan Mircic, Katherine Korytkowski, Scott Sparks, April Dohle, Donna O. Youngs, Eli Lama, Ray StingRay Woodard and Dusty Williams listed as admins.
It is extremely likely that one or more of these individuals are running the company.
My money is on Ray Stingray Woodard (right), with the following Facebook post dated 9th of April suggesting he is in charge:
*****LAUNCHING IN ABOUT 2 HOURS!!!!*****
COME AND TAKE THE RIDE OF YOUR LIFE ON MY NEW PROGRAM “THE MONEY-GO-ROUND” TONIGHT AT 9PM EST
A followup post on April 10th only strengthens the connection:
We had a GREAT launch and I feel so very Blessed and extremely excited!!!
We paid out to nearly 100 members on day 1. Some made as much as $680 the first day.
You have no idea how it makes me feel to have been able to help so many people…and we’re just getting started.
I have a great team of people that helped to make this happen… Dusty Williams,Donna O. Youngss, Jackie Apparicio, Helen Caronna, Scott Sparks (just to name a few) and the entire Team Texas Legacy… I can’t thank you enough.
There’s plenty of room on the Money-Go-Round for us to help so many more people… and this thing is spinning out of control so come take a ride with us… and LET’S GET DIZZY!!!
Other MLM opportunities advertised on Woodward’s Facebook profile include EzWealthBuilder (matrix-based Ponzi scheme), Total Takeover (pyramid scheme), Ingreso Cybernetico (Ponzi scheme) and Penny Matrix (pyramid scheme).
Of note is that at least one of the Money Go Round Facebook group admins above was an investor in Achieve Community.
A post on Ivan Mircic’s Facebook timeline dated 15th of April reads:
OMG…THIS IS ON FIRE…COME RIDE THE MONEY GO ROUND!
THIS WILL SURPASS WHAT ACHIEVE EVER WAS OR EVER COULD BE.
The SEC shut down Achieve Community in February, revealing it to be a $3.8 million dollar Ponzi scheme. Its founders are currently both facing criminal prosecution.
According to Ivan Mircic, Money Go Round is set to “surpass” the level of fraud Achieve Community was built on.
Read on for a full review of the Money Go Round MLM business opportunity.
The Money Go Round Product Line
Money Go Round has no retailable products or services, with affiliates only able to market affiliate membership with the opportunity itself.
Once signed up, Money Go Round affiliates can purchase $27 matrix positions and participate in the income opportunity.
The Money Go Round Compensation Plan
The Money Go Round compensation plan sees affiliates purchase $27 matrix positions. Commissions are then paid when they recruit other affiliates who do the same.
Money Go Round use two matrix structures to track affiliate investment in matrix positions, the first a 2×1 matrix and the second a 4×1.
Positions in the 2×1 matrix cost $27, with each matrix having two positions in it to fill. These positions are filled via subsequent affiliate investment in matrix positions.
Once filled, the position at the top of the matrix “cycles” out and is placed into the second 4×1 matrix.
The 4×1 matrix operates in the same manner as the first, with four positions to fill.
Note that 4×1 matrix positions cannot be directly purchased, they are created only when positions cycle out of the first 2×1 matrix.
Once all four subsequent positions in the 4×1 matrix are filled, a $175 commission is paid out and a new position in the first matrix is created.
Joining Money Go Round
Affiliate membership with Money Go Round is free, however affiliates must invest in matrix positions in order to participate in the income opportunity.
As such, the defacto minimum cost of Money Go Round affiliate membership is $27 (the cost of one 2×1 matrix position).
Obviously looking to emulate the “success” of Achieve Community and Ponzi cyclers like it, Money Go Round sees affiliates invest $27 on the promise of a $175 ROI.
With nothing being marketed to or sold to retail customers, this ROI is paid out of newly invested affiliate funds.
This qualifies Money Go Round as a Ponzi scheme.
Those involved at the top of Money Go Round clearly have a history of investing in such schemes, knowing full well that the only people who stand to make any serious money in them are the early adopters (Woodard’s buddies) and admin themselves (Ray Woodard himself).
As with all Ponzi schemes, once new investment slows down, Money Go Round will find itself unable to meet its ROI obligations.
Being a matrix-based scheme, this will present itself by way of matrix cycling slowing down. Payout times will continue to blow out until the scheme collapses altogether (meaning the matrices have come to a standstill).
Fast-tracking Money Go Round towards this inevitable conclusion will be the phantom positions created when early adopters cycle out of the second matrix.
These positions bring no new funds into the scheme, yet still result in $170 paid out (and a new first matrix position created).
Mathematically Ray Woodard and friends will hold the bulk of these phantom positions, maximizing their withdrawal of invested funds.
Everyone else who comes in after them loses out.
Yay! I knew it! I waited for this article. It sounded too good to be true……
I turned down another biz opp that you reviewed and sent the gentleman to your report. He was not happy!
Thank you so much for your reviews.
MONEY GO ROUND DOES OFFER EXCELLENT PRODUCTS…TO HELP YOU ESTABLISH OR CONTINUE WITH A SUCCESFUL BUSINESS VENTURE …
What it offers with its matrix positions is irrelevant.
You are investing in matrix positions and being paid a ROI from subsequently invested funds. P-P-Ponzi scheme.
MONEY NOT GO ROUND.
money goes to top positions, till there’s no more money to feed the top positions.
bottom people always lose.
So name them and their MSRP.
How do people like you sleep…The reason many good programs fail is because (Ozedit: people stop investing. As a Ponzi scammer, how do you sleep at night?).
I’m not speaking for a soul but myself.
I sleep like a baby, every single night of my life. Reason being, I have a totally clear conscience.
I never have to lie to myself, my relatives, friends, acquaintances or even strangers I meet on the ‘net, because I’ve fed them some line of BS about this or that “Wonderful Program” they just have to get into, where everyone, except perhaps for you, loses money.
At some point, you have to start hiding from these same people when it all blows up. You block them on your Facebook, create a new email ID, new user name or just don’t answer the front door anymore.
If you’re such a proponent of insanity such as Money-Go-Round, at some point this garbage and all the garbage like it will have the light of day being shone on it by sites like this one, so deal with it.
Try staying on MMG or TalkGold; you’ll find a lot of like-minded people like yourself over there, where you can lie to each other to your heart’s content…