The F15teen Review: $5 to $1000 matrix cycler positions
The F15teen launched on February 15th and identify Mike Peever as the owner of the company on their website.
Mike has been an online marketer since the late 1990s. He has been a program owner/admin for 8 plus years.
Peever first popped up on BehindMLM’s radar in 2012 as the admin of Cash Club International, a six-tier matrix Ponzi cycler.
In 2013 Peever launched The Last Cycler, a $10 Ponzi pyramid hybrid.
Peever was also an investor in the Zeek Rewards Ponzi scheme.
Alexa statistics for the Decide Your Path and Success Cycler websites suggest both schemes are in decline. This decline has likely prompted Peever’s recent launch of The F15teen.
Read on for a full review of The F15teen MLM business opportunity.
The F15teen Product Line
The F15teen has no retailable products or services, with affiliate only able to market The F15teen affiliate membership itself.
Once signed up, The F15teen affiliates are able to purchase matrix positions and participate in The F15teen income opportunity.
Bundled with each matrix position purchase are a series of advertising credits, which can be used to display advertising on The F15teen website.
The F15teen Compensation Plan
The F15teen compensation plan sees affiliate purchase positions in seven offered 2×15 matrices.
A 2×15 matrix places an affiliate at the top of the matrix, with two positions directly under them:
These initial two positions form the first level of the matrix, with the second level generated by splitting each of the two first level positions into another two positions each.
Subsequent levels of the matrix are generated in the same manner, with a full 2×15 matrix housing 65,534 positions.
Positions in a The F15teen matrix are filled via the recruitment of new affiliates, with commissions paid out as these affiliates purchase new positions in the matrix.
The F15teen offer participation in seven such matrices, with the first offered matrix tier named ZeroF15teen.
Positions in the ZeroF15teen matrix cost $5 and pay out 15 cents per affiliate recruited.
Across all fifteen levels of the matrix, this results in a $9830.10 commission payout (65,535 x 0.15).
Note that 20% of all matrix commissions paid out must be put towards the purchase of new matrix positions.
The other six The F15teen matrix tiers operate the same as the first, with commissions paid out as follows:
- OneF15teen – positions cost $25 and pay out $1.15 per position filled ($75,364.10 total)
- TwoF15teen – positions cost $50 and pay out $2.15 per position filled ($140,898.10 total)
- FourF15teen – positions cost $100 and pay out $4.15 per position filled ($271,966.10 total)
- TenF15teen – positions cost $250 and pay out $10.15 per position filled ($665,170.10 total)
- 15F15teen – positions cost $500 and pay out $15.15 per position filled ($99240.10 total)
- 36F15teen – positions cost $1000 and pay out $36.15 per position filled ($2.37 million total)
Note that a The F15teen affiliate must purchase matrix positions in sequential order. They can however purchase multiple positions at a tier they’ve already purchased a position in, without having to purchase a position in a higher-tier matrix.
Referral commissions are paid out when recruited affiliates purchase matrix commissions, via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
How much of a referral commission is paid out is determined by which matrix tier a recruited affiliate purchases a position in:
- ZeroF15teen – $2 on level 1 (personally recruited affiliates) and 50 cents on level 2
- OneF15teen – $6.25 on level 1, $1 on level 2 and 25 cents on level 3
- TwoF15teen – $12.50 on level 1, $2.50 on level 2, $1.50 on level 3 and 50 cents on level 4
- FourF15teen – $62.50 on level 1, $12.50 on level 2, $7.50 on level 3, $5 on levels 4 and 5 and $2.50 on level 6
- 15F15teen – $150 on level 1, $35 on level 2, $25 on level 3, $20 on level 4, $15 on level 5, $10 on level 6 and $5 on level 7
- 36F15teen – $250 on level 1, $60 on level 2, $40 on level 3, $30 on level 4, $20 on levels 5 and 6 and $10 on levels 7 and 8
Joining The F15teen
Affiliate membership with the F15teen is free, however affiliates must purchase at least one matrix position to participate in the MLM income opportunity.
This pegs the minimum cost of The F15teen affiliate membership at $5.
Offering up more of the same, The F15teen is a continuation of Mike Peever’s long-running Ponzi parade.
The F15teen affiliates invest between $5 and $1000, with ROIs in the thousands of dollars dangled infront of them.
ROIs by way of matrix commissions are paid as each position in the matrix is filled, with The F15teen claiming ‘every time you purchase, between 15 and 22 members get paid!‘
Acknowledging that ‘commissions are paid instantly when you purchase‘, The F15teen’s refund policy appears to be disconnected from the reality of the scheme.
If you are not satisfied with the F15 program, you can receive a full refund by submitting a support ticket within 48 hours of your initial funding purchase.
The refund will be to the original ecurrency account you purchased with.
If you have used any of the provided product then you have accepted the terms of F15 and no refund will be issued.
If a The F15teen affiliate doesn’t use any provided advertising credits and requests a refund within 48 hours, what then?
The money they paid in has already been paid out as ROIs, so where does the refund money come from? And if a refund is approved, how is Peever clawing back funds already paid to The F15teen affiliates?
In any event, as with all such schemes The F15teen will find itself collapsing once affiliate recruitment dries up. Aiming to prolong said recruitment, The F15teen offer referral commissions which add an additional pyramid layer to the scheme.
Being a matrix-based Ponzi scheme, The F15teen affiliates will find their matrices filling up slower and slower, before collapsing altogether.
Of note is The F15teen use a “company-forced” matrix model, which sees affiliates added to the company matrix as they are recruited over who recruited them.
Sitting at the top of all seven company matrices is Mike Peever, which guarantees he’ll receive the lion’s share of invested funds.
Mostly everyone else loses out, the same as we’ve seen time and time again in Peever’s previously launched schemes.