Is this REALLY a Twenty-Six Tier Bitcoin Ponzi Cycler scam?
Keep reading to find out the truth.
There is, not surprisingly, no information on the EzBit2u website indicating who owns or runs this business.
Registered on September 20, 2016, the EzBit2u website domain is ezbit2u.com.
Manisegaran Karuppiah of “Grassroots Online Biz” is listed as the owner, with an address in Johor, Malaysia.
Prior to launching Ez Bit2u, Karuppiah was an affiliate with Four Corners Alliance Group, Brain Abundance and FutureNet.
Read further for a complete review of the EzBit2u MLM opportunity.
EzBit2u Product Line
EZ has no retailable products or services. Affiliates are only able to market EzBit2u affiliate membership itself. If you have read some of my other company reviews you already know this is not a good thing.
EzBit2u Compensation Plan
The compensation plan has affiliates purchase 0.001 BTC positions in a 25-tier 2×1 matrix cycler.
A 2×1 matrix puts an affiliate at the top of a matrix, with 2 positions directly underneath them.
The 2 positions are then occupied when succeeding positions in the cycler are acquired.
Once both positions are occupied, the affiliate’s position “cycles” out of the matrix and the will enter the next tier of the cycler.
The commissions which are paid out through Ez’s 25 cycler tiers are shown below:
- Tier 1 (positions cost 0.001 BTC) – no commission, cycles into Tier 2
- Tier 2 – no commission, cycles into Tier 3
- Tier 3 – no commission, cycles into Tier 4
- Tier 4 – 0.006 BTC commission, cycles into Tier 5
- Tier 5 – no commission, cycles into Tier 6
- Tier 6 – no commission, cycles into Tier 7
- Tier 7 – 0.06 BTC commission, cycles into Tier 8
- Tier 8 – no commission, cycles into Tier 9
- Tier 9 – no commission, cycles into Tier 10
- Tier 10 – no commission, cycles into Tier 11
- Tier 11 – no commission, cycles into Tier 12
- Tier 12 – 0.1 BTC commission, cycles into Tier 13
- Tier 13 – 0.2 BTC commission, cycles into Tier 14
- Tier 14 – 0.6 BTC commission, cycles into Tier 15
- Tier 15 – 1 BTC commission, cycles into Tier 16
- Tier 16 – 2 BTC commission, cycles into Tier 17
- Tier 17 – 3 BTC commission, cycles into Tier 18
- Tier 18 – 4 BTC commission, cycles into Tier 19
- Tier 19 – 5 BTC commission, cycles into Tier 20
- Tier 20 – 6 BTC commission, cycles into Tier 21
- Tier 21 – 7 BTC commission, cycles into Tier 22
- Tier 22 – 8 BTC commission, cycles into Tier 23
- Tier 23 – 556 BTC commission, cycles into Tier 24
- Tier 24 – 2000 BTC commission
EzBit2u affiliate membership is free. However, the affiliates are required to purchase at least one 0.001 BTC matrix position in order to participate in the income opportunity.
EzBit2u Review – My Verdict
The EzBit2u website promotes that it can “turn 0.001 BTC into 2000 BTC”.
Regrettably though – with nothing being sold or marketed to retail customers, all EzBit2u is doing is shuffling the newly invested funds in order to pay off existing investors.
Bottom line? This makes it, undoubtedly, a Ponzi scheme.
And that’s not all…
EzBit2u’s financial fraud is accomplished through this 25 tier matrix cycler. The cycler needs an ever-increasing number of position purchases in order to pay the few positions that cycle to the upper cycler tiers.
In fact, it goes without saying that those positions belong to none other than Manisegaran Karuppiah, with most Ez affiliates otherwise taking a loss.
EzBit2u Final Conclusion
As with all Ponzi schemes, once the recruitment of new affiliates drops down, EzBit2u will be starved of funds and the expected collapse will occur.
The best part – in addition to owning those pre-loaded positions that cycle first, upon collapse Karuppiah also gets to keep the funds attached to positions that haven’t yet reached Tier 4.
In addition, the use of bitcoin by EzBit2u means that recovery efforts upon collapse will be impossible to achieve.
Thanks for reading my EzBit2u Review. Remember to subscribe below for my secret tips and strategies.
Wishing You Only the Very Best!
Email: [email protected]
Follow me on Social Media Below:
P.S. Remember to get your free report below 🙂