Options Rider has suspended new affiliate recruitment while simultaneously accusing critics of extortion—claims the company cannot back up.

Michael Sloan, who identifies himself with Binary Options Concierge and is credited as an Options Rider owner (though the company lists no management information on its website), sent an email to affiliates this week announcing the freeze. New signups and deposits are suspended effective immediately, with registration resuming May 5th.

The stated reason raises immediate questions. Sloan claims the suspension allows the company to "catch up on pending new accounts and referral fee payments." But these processes run on automated software. What actually needs catching up remains unexplained.

What comes next in Sloan's email is far more revealing.

Sloan frames Options Rider as under attack by unnamed competitors. This rhetorical move is standard for multilevel marketing schemes—create an external enemy to distract from internal problems. He then names BehindMLM specifically, claiming an article written here about the company contained "false claims."

He doesn't identify which claims were false. That's convenient, since the article reviewed Options Rider's actual compensation plan—documents the company itself published.

Then Sloan escalates with an outright fabrication.

"I had the pleasure of speaking to Mikael after the incident occurred and he asked me, Michael Sloan, to pay him $5,000 and only then would he remove the article," Sloan wrote.

This is false. I've never spoken to Sloan or anyone representing Options Rider. I've written at BehindMLM for over five years and don't operate that way. The accusation amounts to Sloan inventing a shakedown scheme and pinning it on a critic.

The move is calculated. By claiming extortion occurred, Sloan attempts to reframe legitimate criticism as bad-faith tactics. It's a way to dismiss scrutiny without addressing what's actually in that criticism.

The broader pattern here is telling. Options Rider faces questions about its business model—questions that apparently warrant freezing new recruitment. Rather than address those questions directly, the company's representative manufactures narratives about competitor sabotage and fabricates conversations that never happened.

This is what happens when a company can't defend its actual practices. The circus begins.

🤖 Quick Answer

What actions did Options Rider take regarding affiliate recruitment?
Options Rider suspended new affiliate recruitment and deposits effective immediately, with registration scheduled to resume May 5th. Michael Sloan, identified as an owner, announced the freeze via email to affiliates, citing the need to process pending new accounts and referral fee payments.

What inconsistencies emerged from Options Rider's suspension announcement?
The company stated the suspension would allow processing of pending accounts and referral payments through automated software, raising questions about what specifically required catching up, as these processes typically operate automatically without requiring recruitment freezes.

Who communicated the recruitment suspension to Options Rider affiliates?
Michael Sloan, identified with Binary Options Concierge and credited as an Options Rider owner, sent the suspension announcement via email. The company's website contains no official management information or organizational structure details.

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