OneBuckCycler Review: $1 Ponzi cycler ad positions
There is no information on the OneBuckCycler indicating who owns or runs the business.
The OneBuckCycler website domain (“onebuckcycler.com”) was registered on the 19th of November 2015, however the domain registration is set to private.
Someone going by the name of “William Benedict Adams” is admin of the official OneBuckCycler Facebook group, but whether or not this is a legitimate profile is unclear.
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.
The OneBuckCycler Product Line
OneBuckCycler has no retailable products or services, with affiliates only able to market OneBuckCycler affiliate membership itself.
Once signed up, OneBuckCycler affiliates can purchase “ad positions” to participate in the MLM income opportunity.
Bundled with each ad position purchase are a series of advertising credits, which can be used to display advertising on the OneBuckCycler website.
The OneBuckCycler Compensation Plan
The OneBuckCycler compensation plan sees affiliates invest $1 in ad positions.
Each ad position pays out an advertised 150% ROI.
Referral commissions are paid out on investments made by recruited affiliates, paying out down two levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 8%
- level 2 – 4%
As per the OneBuckCycler FAQ, Affiliate membership with OneBuckCycler is 20 cents:
Is there any membership fees?
YES, we charge $0.20 as lifetime membership fee to upgrade accounts.
OneBuckCycler affiliates must also invest at least $1 in one ad position.
OneBuckCycler is as obvious a Ponzi scheme as they come.
But don’t just take my word for it, here’s how the admin himself describes the scheme:
$1 will be cycle out when approximately $1.75 will come. $1.75-$1.5 (cycle out amount)= $.25-.12 (ref fee)= $.13(admin fee)
All that’s happening here is newly invested funds are being used to pay off existing investors, which is Ponzi investment fraud.
The advertising credits are neither here nor there, serving only as a paper-thin ruse.
Logically if advertising credits were indeed being sold, any unused credits would attract a refund.
Instead, as per OneBuckCycler’s “no refunds” refund policy:
Can I get a refund?
Due to the nature of services we are providing to the members, there will be NO REFUNDS provided to any member.
OneBuckCycler can’t offer refunds because the second you hand over your invested funds, they are used to pay off existing investors.
As with all Ponzi schemes, once recruitment of new affiliates dies down, OneBuckCycler will find itself unable to meet its ROI liabilities.
When that happens, anyone who hasn’t ripped off subsequent investors loses out. Statistically this is the majority of Ponzi scheme participants.