Simply Blessed Global Review: Two-tier 2×2 matrix cycler Ponzi
Simply Blessed Global provide no information on their website about who owns or runs the business.
The Simply Blessed Global website domain (“simplyblessed.global”) was privately registered on March 19th, 2018.
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.
Simply Blessed Global Products
Simply Blessed Global has no retailable products or services, with affiliates only able to market Simply Blessed Global affiliate membership itself.
Simply Blessed Global claim affiliate membership provides access to “signup bonuses valued at $279”.
No specific information about the bonuses is provided.
Blank advertising positions on the Simply Blessed Global website suggest the bonuses might be related to internal advertising.
The Simply Blessed Global Compensation Plan
Simply Blessed Global affiliates purchase $50 positions in a two-tier 2×2 matrix cycler.
A 2×2 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting each of these first two positions into another two positions each (4 positions).
Once all six positions in the matrix are filled, a “cycle” is generated and a commission paid out.
Simply Blessed Global’s cycler has two tiers:
- Matrix 1 (positions cost $50) – $50 commission and cycles into Matrix 2
- Matrix 2 – $250 commission and generates a new Matrix 1 position
Referral commissions are paid when personally recruited affiliates cycle out of both matrices.
A personally recruited affiliate cycling out of Matrix 1 generates a $25 referral commission.
A personally recruited affiliate cycling out Matrix 2 generates a $50 referral commission.
Joining Simply Blessed Global
Simply Blessed Global affiliate membership is tied to the purchase of at least one $50 cycler position.
Simply Blessed Global is a simple enough $50 in, $300 out Ponzi scheme.
Affiliates invest $50 in matrix positions. The matrices rely on subsequent $50 investment to fill positions, from which an eventual $300 ROI is paid out.
The ROI is solely sourced from subsequent investment in matrix positions, making Simply Blessed Global a Ponzi scheme.
Referral commissions tied to recruitment add an additional pyramid layer to the scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
Being a matrix-based scheme this will see Simply Blessed Global’s matrices begin to stall.
Once enough matrices company-wide have stalled, an irreversible collapse is triggered.
At that point any funds still attached to uncycled matrix positions are lost to the anonymous admin, on top of ROI payments generated by preloaded admin cycler positions.
The math behind a Ponzi scheme guarantees that when it collapses, the majority of investors lose money.
Cindy Buchanan and Byron McCorriston are the admins of the Facebook group. Simply Blessed Global Official Group.
Cindy Buchanan posted in the group, that she and Byron McCorriston created the company.
Cindy Buchanan’s post in the facebook group, 4/22/18:
Sounds like the usual cycler Ponzi fallout.
Recruitment dies and admins, who received most of the money, placate gullible idiots until the next shiny scam launches.
Now they have opened a new website in less than 2 weeks into the program. I have not seen a payout. I don’t think anyone was paid.
Now Cindy Buchanan is the owner of the program. This is they latest email.
One of the admins said most of the people in the program are Africans. Which is sad.
That is their target. When they started this program, they claimed they were going to use the money from the comp plan to pay charities.
Now they want people to open a position to a charity. Basically pay more to these scammers.
One Simple Blessed Global admin has cashed out and run.
Recruitment has tanked so they’re shrinking the matrix and changing names to lure new suckers in.