Success Cycler Review: $25 subscription-based matrix Ponzi
22There is no information on the Success Cycler website indicating who owns or runs the business.
The Success Cycler website domain (“successcycler.com”) was registered on the 27th of March 2015, however the domain registration is set to private.
Further research reveals an individual going by the alias “redzlord” claiming to be the Success Cycler admin.
Posting on social media on April 8th, redzlord reassured readers he wasn’t a scammer:
I am the admin of the program.
Members don’t have to worry about the identity of the admin. I am 100% real person and will play fair here.
Redzlord has a strong presence on Ponzi promotion forums, with a Photobucket album identifying him as “Regie Diadid” (right).
A number of promotional images for various Ponzi schemes exist in the album, which trace back to Diadid’s involvement in them under his alias.
According to Diadid’s LinkedIn profile, he operates out of Melbourne, Australia and currently works in the construction sector.
Recent Ponzi schemes Diadid has been involved in include Madvertising Pro, AdRewards Club, Grand Wealth Alliance Pro, Decide Your Path and Ezy Cash Network.
In 2014 Diadid launched a scheme of his own called “The Teamwork Project”.
The Teamwork Project saw participants purchase $5 matrix positions and then get paid when newly recruited affiliates did the same.
Launched in March, a few months later investors began reporting slow earnings. By late 2014 the scheme had completely collapsed.
Read on for a full review of the Success Cycler MLM business opportunity.
The Success Cycler Product Line
Success Cycler has no retailable products or services, with affiliates only able to market affiliate membership with the company itself.
Once a Success Cycler affiliate has signed up, they are then able to purchase matrix positions and participate in the income opportunity.
Bundled with each matrix position purchase are a series of advertising credits, which can be used to display advertising on the Success Cycler website.
The Success Cycler Compensation Plan
The Success Cycler compensation plan sees affiliates purchase $25 matrix positions get paid when they recruit others who do the same.
The model used is that of a subscription-based matrix cycler, which sees $25 split into $5 a day position purchases.
These positions are entered into a 3×1 matrix, requiring three subsequent position purchases to cycle out.
Once cycled, the affiliate who owns the position is paid $1 and placed into a second matrix.
This matrix requires two subsequent positions to be filled, paying out $7.
Treating the two tiers of matrix cycler as one, mathematically each $5 position generates an eventual $8 ROI, with $7 withheld for reinvestment.
One $25 position subscription purchase therefore pays out a $40 ROI once all positions have cycled twice.
When personally recruited affiliate cycle out of the first matrix, the affiliate who recruited them is paid $1 commission. When the same affiliate then cycles out of the second matrix, a $2 commission is paid.
Referral commissions on matrix position purchases are also offered, paying out down three levels of recruitment (unilevel):
- 5% on level 1 (personally recruited affiliates)
- 3% on level 2 and
- 2% on level 3
Joining Success Cycler
Affiliate membership with Success Cycler is $5, however an affiliate must purchase at least one matrix position subscription in order to participate in the income opportunity.
As such the defacto minimum cost of Success Cycler affiliate membership is $30 (affiliate fee plus one matrix subscription).
Is Success Cycler a HYIP, Ponzi, Pyramid Scheme, or Illegal Program?
Absolutely No, this is not an investment site nor is it illegal in any way.
The above is taken directly from the Success Cycler website, and portrays a serial Ponzi scammer in denial.
With nothing being marketed or sold to retail customers, all Success Cycler do is take newly invested funds and shuffle it around to pay off existing investors.
Specific ROIs are advertised and paid out, with each $25 spent generating an eventual $40 ROI, subject to ongoing new investment and reinvestment of affiliate funds.
As with all Ponzi schemes, once newly invested funds slow down Success Cycler will collapse.
Being a matrix-based scheme, this will present itself by way of the matrix cyclers first taking longer and longer to cycle before stalling completely.
Looking at Regie Diadid’s MLM history, this is an MLM underbelly veteran who knows exactly what he is doing.
It’s likely the money from The Teambuild Project has now run out, hence the launch of Success Cycler.
This will probably run for a few months, transferring the bulk of funds to Diadid and his early adopter buddies, before collapsing and leaving the majority of participants out of pocket.
Diadid will then go quiet, only to re-emerge with another scheme when he’s run out of funds to feed his evident MLM underbelly addiction with.
Bear in mind it hasn’t been the best year for cycler scams, so Success Cycler surviving even a few months might be overly optimistic on my part.