Quick Cycler Review: $5.75 matrix cycler Ponzi
There is no information on the Quick Cycler website indicating who owns or runs the business.
The Quick Cycler website domain (“quickcycler.com”) was registered on the 20th of March 2016, however the domain registration is set to private.
An individual identifying themselves on social media as “omclub” claims to be the admin behind the opportunity.
Many people have been asking me to start a new program since Super 2 x 7 was closed so here it is.
I am the Admin.
Omclub goes by the name of John Williams, however I was unable to confirm this independently. An earlier e-commerce venture run by Omclub suggests he or she might be based out of Malaysia.
Omclub first appeared on BehindMLM as the admin of the referenced Super 2×7 matrix cycler Ponzi scheme. Launched in mid 2014, Super 2×7 collapsed in November, 2015.
Wrote Omclub at the time;
It is with regret that 2 x 7 Matrix has been forced to closed due to lack of funds and lack of support from the members.
Prior to Super 2×7 Omclub launched Our Matrix Club. Our Matrix Club launched in 2012 and promised affiliates $680 ROIs on $5 investments.
The scheme collapsed in 2014.
Earlier this year Omclub launched M2M Funds (“m2mfunds.com”), a cash gifting scheme masked as crowdfunding. M2M Funds collapsed shortly after launch, so now we have Quick Cycler.
Read on for a full review of the Quick Cycler MLM opportunity.
The Quick Cycler Product Line
Quick Cycler has no retailable products or services, with affiliates only able to market Quick Cycler affiliate membership itself.
Once signed up, Quick Cycler affiliates purchase $5.75 “Ad Packs” to participate in the MLM opportunity.
Bundled with each Ad Pack purchase are a series of advertising credits, which can be used to display advertising on the Quick Cycler website.
The Quick Cycler Compensation Plan
The Quick Cycler compensation plan sees affiliates purchase $5.75 matrix positions on the promise of a $10 ROI.
ROI payments are made through a 2×1 matrix, which requires two subsequent $5.75 investments to be made before $10 is paid out.
Referral commissions are paid on downline investments, paid out down three levels of recruitment (unilevel):
- level 1 – 40 cents
- level 2 – 20 cents
- level 3 – 15 cents
Joining Quick Cycler
Quick Cycler affiliate membership is free, however affiliates must spend at least $5.75 on a matrix position to participate in the income opportunity.
Omclub’s venture into cash gifting was short-lived, so the serial scam admin has returned to his or her Ponzi cycler roots.
Quick Cycler Ad Packs cost $5.75 each and earn $10 on cycling.
With nothing marketed to or sold to retail customers, all ROI funds paid out in Quick Cycler are sourced from affiliates (investors).
This makes Quick Cycler a Ponzi scheme.
The bundled ad credits are neither here nor there, offering only a weak pseudo-compliance cover.
Logically speaking if advertising was being purchased through Quick Cycler, unused ad credits would be refundable.
Instead, as per Quick Cycler’s refund policy;
Do you offer refunds?
No, we do not offer any kind of refunds.
The reason Quick Cycler can’t offer refunds is because as soon as new funds are invested, they are used to pay off existing investors.
As with all Ponzi schemes, once recruitment of new affiliates dies down, Quick Cycler will be unable to meet its advertised ROI obligations.
Being a matrix-based scheme, this will manifest itself by way of cycle times blowing out. Eventually cycling will get so slow that Quick Cycler will collapse altogether.
A cycler typically sees the admin and early investors withdraw the lion’s share of invested funds. Quick Cycler is no different in this regard, with later investors funding Omclub’s withdrawals, typically made through a series of pre-loaded positions.
The math behind Quick Cycler will see Omclub and early investors paid out, at the expense of the rest of the Quick Cycler affiliate-base.