A mysterious operator is running another pyramid scheme, this time disguised as a $10 monthly subscription service called My Cycler.

The man behind the curtain is Emmanouil Sergakis, based in Athens, Greece. He registered the mycycler.com domain on September 30, 2016. Before launching My Cycler, Sergakis ran One World Ads, a $20 matrix-based pyramid scheme that imploded after peaking in September. My Cycler appears to be his next con.

My Cycler has no actual products to sell. Affiliates get access to some generic courses, e-books, and marketing tools that the company claims are worth over $5,000—a common tactic to justify the join fee. They also get ad credits to display promotions on the My Cycler website. That's it. There's nothing real to sell to actual customers.

Here's how the scheme works. Members pay $10 monthly and get positions in a five-tier matrix cycler. Every five days, that $10 subscription generates a new $2 position. When three positions fill a tier, the affiliate gets paid a commission and moves up.

The payouts increase dramatically at higher levels. Level 1 pays nothing. Level 2 pays $2. Level 3 pays $4. Level 4 pays $8. But Level 5 pays $36 and spawns 20 new positions below it. Recruiters also earn "matching bonuses" when their recruits reach tiers 3, 4, and 5—worth $2, $6, and $10 respectively.

The math breaks immediately. A single $2 position at level 5 generates 24 new positions and creates $1,200 in commission liabilities the system can't support. One person cycling through generates 24 people who must also cycle through, who then generate 576 people, and so on. The exponential growth is mathematically impossible to sustain.

My Cycler markets itself as an advertising platform, not an investment. But that's a legal smokescreen. Members aren't buying ad space on a profitable website. They're funneling money into a structure where payouts depend entirely on recruiting new members, not on any genuine business activity or sales to outside customers.

The company's own disclaimer inadvertently reveals the fraud. "My Cycler is easily broken down into a $10 a month Ponzi scheme," it states. Then it tries to walk that back by claiming members are just buying advertising packages. No one buying $10 monthly ad placements expects $50 returns per position. That's a promise of returns based on recruitment, which is the definition of a Ponzi scheme.

Sergakis has done this before. One World Ads followed the same playbook and collapsed. My Cycler is built on the same broken structure. For most members, the only way to profit is to recruit faster than the scheme implodes. For Sergakis, the structure is perfect—he collects subscription fees from day one while early adopters make quick money off the recruits below them. By the time most people join, there aren't enough new recruits left to generate promised returns.

My Cycler is a ticking time bomb. It will collapse when recruitment slows, leaving the vast majority of members with nothing but a trail of $10 charges on their credit cards.

🤖 Quick Answer

What is My Cycler and who operates it?
My Cycler is a $10 monthly subscription service operated by Emmanouil Sergakis from Athens, Greece. The platform offers generic courses, e-books, and marketing tools allegedly valued at $5,000, along with ad credits for website promotions, with no tangible products sold to actual customers.

What is the business model of My Cycler?
My Cycler operates as a matrix-based pyramid scheme where affiliates pay monthly fees to access digital materials and advertising credits. Revenue derives primarily from recruitment rather than legitimate product sales, utilizing inflated course valuations to justify membership fees.

Who is Emmanouil Sergakis and what is his history?
Emmanouil Sergakis is a Greece-based entrepreneur who registered mycycler.com in September 2016. Previously, he operated One World Ads,

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