Cycle 2 Riches - www.cycle2riches.com
Cycle 2 Riches Is A Fully Planned Scammed!
Cycle 2 Riches is a well known program that is now officially a Scam based on the experience that me and my team members had with them and I will tell you why below. The first thing that you need to know that is not a normal type of Scam, this is a well planed full time scam ran by professional scammers who calls themselves Tim & Andy and more likely Andy only and Tim is just his imaginary friend made up just to gain a bit more of trust by bringing an unknown figure to his business and making that person the top owner.
A Little Background:
It turned out that the person that ran Millionairecycler, which is a total scam (one of the biggest in the latest years), still owns tens of thousands of dollars to its members and is now being sold for only $1500usd, is called Andy (no last name) the same one who runs Cycle 2 Riches, at least partially and the same scammy tactics used there is being duplicated on C2R.
So around two months ago I was contacted by an Indian guy telling me about this “opportunity” where they would have a system in place to give every member two referrals by using PIFs, he told me how big and successfull Millionairecycler was thanks to their PIF strategy and that the admin here wasn’t the same. This system would be limited to only 894 founding members, if you count 2 members to each it would take an additional 1,700+ members just to fill the first promise… something easily achievable but that would change later.
I was aware of MillionaireCycler and their scammy reputation and they guy called “Andy” but I was told by my upliner that he was just doing the programming and the full owner was “Tim” who would run the program as it should but that would also change later than the road.
Pre-Launch, Promises and Advertising Tactics:
At the beginning things were looking really good, first they promised to pay on a daily basis every few hours.
The compensation plan payout was twice as big as what it is now from level 2 forward.
We were supposed to get 2 re-entries when we cycled level 1 matrix, one under our upline and one under our downline which is actually a great idea.
We were supposed to get 2 PIF credits and the company would place those members in our downline.
We were supposed to be able to refer as many people as we could.
We were supposed to launch with 894 Founding Members
Plus another 100 features were promoted in pre-launch that Founding members would take full advantage off…
All this would change big, big time in just a matter of few days / weeks.
Launch & Scam Plan starts to take form:
So much started to happened after Cycle 2 Riches officially “Launched” that I don’t even know where to start, first of all was the compensation plan change in commissions, they claim that you can make hundreds of thousands of dollars with your one time purchase but I always tell my team members to focus on the first and second level matrix and not follow the entire deal because is simply impossible to achieve those level so focusing on building level 1 and cycling level 2 for $800 each cycle and $400 matching bonus on your referrals cycle is not bad but soon after few days the plan was cut in half and now even though it would take almost 100 members just to cycle level 2 once without the dual re-entry, they changed the payout from $800 to $400 and referral matching bonus from $400 to $200, so now it isn’t worth much going through all the effort since the payout is a looot smaller.
- Compensation Plan -
The entire compensation plan now pays less than half and members are still not getting Dual Re-entries when they cycle, so they are loosing all the pontetial of an additional position on each cycle and helping to push their downline which is the main priority, that feature only came once everyone was already slowing down their advertising due to all the changes that were going on.
- Stats -
After Launch they added some stats to the backoffice showing the total number of members and total payout, it took me less than 1 minute to realize that they had only paid out less than 8% of all the money going in, so out of $200,000usd they got from thousands of members they had only paidout $18,000 at that time… To no surprise to me or anyone the stats where removed because people started to ask questions.
- PIF Credits -
The main feature promoted by them was the 2 PIF credits that you get as a founder member and those members would be placed in your downline after launch, something that never happened. I am member ID #4 and still have only 1 PIF and they didn’t place it, that was a direct referral that I got which deducted one of my PIF credits once they join (More on that later).
They decided to introduce a new type of Scam feature after launch, you can only have as many direct referrals as you have PIFs and if you get any additional referral they would cost you $49,95. What this means is this, if I get 2 referrals and run out of PIF the third one would cost me $49,95 and everyone after that, so I had to turn off the option to have referrals placed under me and instead they would steal those referrals and place them wherever they want in their downline or simply stop advertising and do nothing, earn nothing and consider my joining fee a donation to them.
As soon as they activated this feature, the program went from growing more or less nicely to a full stop!!! So they think they are smart because they are keeping all the members money but they just stopped every single member from advertising because there is no actual benefit in doing so. It was actually the other way around, if you referred anyone you would be punished with a $49,95 penalty and if you didn’t have balance they would simply put a “-$49.95″ on your account.
The PIF itself was rigged since the beginning, normally when you PIF someone or you purchase a PIF credit your a paying for a full membership, here you pay it forward and when this person joins they still need to pay…. WHAT? Yes so basically you are paying for… Nothing!!! If you want someone to join you and pay, you can simply give them your referral link why purchase a PIF credit if they still have to pay? Only they know.
Some members actually received “PIF” placements, those members being placed under them were the actual people that we referred on pre-launch that didn’t upgrade, then they claim they were going to remove Free members from the system and actually what they were doing was stealing your referrals and placing them whatever is better from them. My free referrals count went from 30+ to 5 in just a matter of few days, they started to place those members where they could create more breakage and block as many tables as possible from cycling. From the dozens and dozens of members needing just 1 member to cycle none of them ever receives a PIF placement because that would create commissions which is the latest thing that they want to happen.
- Payments -
Payments were supposed to be processed every few hours, then 3 times per day and then daily. Within 24 hours. That was their latest update and is still showing as so in their FAQs but after few weeks of launch they started to take over a week to process a $20usd payment, then 9 days and then stopped paying all together. This has to be the most disturbing fact, people work online and offline to make money and if they stop paying then is Game Over for the members. If you request a withdrawal and ever get paid, then you can start to play the lottery because your luck is simply incredible.
I’ve seen programs where the Admins are asshole, stupid, douchebags, they have bad reputation but still pay according to their compensation plan, they are PAYING. When you stop paying and you are not running a “Revenue Share” or the like then you are a real thieve, crook, scammer, crackhead, and everything else that is insulting to anyone trying to steal others people hard work.
- Support -
Support is out of the question, each one of their replies is meant to insult you and proof you are wrong even if you are just asking a question, since they are scammers, crooks and thieves whatever you ask they conceive it as an attack and reply by attacking back, insulting and defending themselves.
- Offers -
Everyday they claim there is a one last minute offer selling you worthless PIFs and placing members in your downline that are not real people but just a name an email. These offers are always last minute but they never actually end and you can get over 16 emails in just 1 week promoting the same stuff over and over, translated to English it can be simply called SPAM.
Let me show you an example of a PIF placement in my downline… naturally not a real person and not at all one interested in Cycle 2 Riches.
http://donothingmoney.com/img/blog/c2rpif.jpg
Notice anything funny? Just look at the username closely, thats the “Hard working people” they are placing under you as they claim.
If you didn’t join Cycle 2 Riches Congratulations you are lucky and I envy you, now if you did lets try to look at it from a positive point of view and take this as a lesson and warm others so they don’t fall for the same scam in the future.
- Refund –
Founding members are entitled to receive a refund and everyone else that has pending PIF credits, so if you are a member you should file a dispute with Alertpay right away. The reason for this is that we paid for a product and position that they did deliver but this was delivered partially the cost for one account and product is $33usd, the remaining $66 that we paid for was for 2 PIFs that were never delivered or two additional accounts, so either refund it or create two new accounts under our own name this would create many cycles, raise this point to Alertpay and if enough of us do this they will certainly start to refund us or at least freeze their account and investigate them.
They also stopped paying commissions another point that you can raise when claiming your refund once you join the program on top of the product you take part in their compensation plan and earn commissions to share their product and the commissions as written on their website is supposed to be paid within 24 hours of request, they are now not paying it at all.
This information was taken from
- DoNothingMoney Blog -
http://blog.donothingmoney.com/cycle...m-warning.html
