The Cycled Funds website identified the CEO of the company only as “Rold”.
The Cycled Funds website domain (“cycledfunds.in”) was registered on April 1st, 2017. Harold Nwabiani is listed as the owner, with an address in Lagos, Nigeria also provided.
Presumably “Rold” is an alias of Ha
rold
Nwabiani (right).
Earlier this year Nwabiani launched MegaPTCCash, a “pay to click” scheme. Today the MegaPTCCash website is unresponsive, suggesting the scheme has collapsed.
As far as I can tell, Cycled Funds is Nwabiani’s first MLM venture.
Read on for a full review of the Cycled Funds MLM opportunity.
Cycled Funds Products
Cycled Funds has no retailable products or services, with affiliates only able to market Cycled Funds affiliate membership itself.
Cycled Funds affiliate membership provides access to ad credits, which can be used to display advertising on the Cycled Funds website.
The Cycled Funds Compensation Plan
Cycled Funds affiliates purchase $5 cycler positions in a 3×4 matrix.
A 3×4 matrix places a Cycled Funds affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first four positions into another three positions each (9 positions).
Levels three and four of the matrix are generated in the same manner, housing twenty-seven and eighty-one positions respectively.
Positions in the matrix are filled via direct and indirect recruitment of Cycled Funds affiliates, who each purchase one or more $5 positions.
Commissions are paid out as positions on each level of the 3×4 matrix are filled as follows:
level 1 (positions cost $5, 3 positions to fill) – $3 commission when filled and cycles into level 2
level 2 (9 positions to fill) – $21 commission when filled and cycles into level 3
level 3 (27 positions to fill) – $470 commission when filled and cycles into level 4
level 4 (81 positions to fill) – $152,199 commission when filled
A $3 referral commission is paid when personally recruited affiliates cycle out of level 1 of the matrix.
A $5 referral commission is paid when a personally recruited affiliate cycles out of level 2.
Joining Cycled Funds
Cycled Funds affiliate membership is tied t the purchase of one or more $5 matrix cycler positions.
Conclusion
With nothing marketed to or sold to retail customers, Cycled Funds operates as a Ponzi scheme.
On the raw numbers side of things, each $5 investment generates a $152,693 ROI liability. To put that into perspective, that’s
at least
30,539 $5 payments required for just one $5 position to realize the full offered ROI.
Owing to the non-linear nature in which matrices fill and referral commissions paid out, the actual number of position purchases required is actually higher.
Needless to say the only positions that will get anywhere near realizing a full ROI payout are those pre-loaded by Harold Nwabiani.
A few early adopters might receive w
🤖 Quick Answer
Who is the CEO of Cycled Funds and what is his background?The CEO of Cycled Funds, identified as "Rold" on the company website, is Harold Nwabiani from Lagos, Nigeria. The domain cycledfunds.in was registered on April 1st, 2017 under his name. Nwabiani previously launched MegaPTCCash, a pay-to-click scheme that subsequently collapsed, making Cycled Funds his first MLM venture.
What products does Cycled Funds offer to its affiliates?
Cycled Funds offers no retailable products or services. Affiliates can only market Cycled Funds affiliate membership itself, indicating the company operates as a recruitment-based scheme rather than selling tangible goods or legitimate services to external customers.
**What are the structural characteristics of the Cycled Funds business model?
🔗 Related Articles
- Lifestyle Marketing Group Review 2.0: Matrix points pyramid
- Eric Worre bitten by the Dubai MLM Ponzi bug
- Etherz Review: Smart-contract Ponzi with token exit-scam
- Crypto Adz Review: Bitcoin cash gifting and Ponzi hybrid
- EzyTRX II Review: Collapsed EzyTRX reboot Ponzi