Genusity is an MLM firm co-founded by Tim Sebert and Randy Thomas.
BehindMLM reviewed Genusity in late 2017. We famous an MLM alternative constructed across the sale of bluetooth spam gadgets.
Right this moment Genusity markets a bunch of white-label dietary supplements…
…in addition to a $195 in, $10,330 out Ponzi cycler.
Genusity is operating its Ponzi cycler as “MyGenStart Cycler”. The Ponzi scheme may be accessed by means of Genusity’s backoffice, or the stand-alone area “mygenstart.com”.
Genusity associates put money into a MyGenStart Cycler place for $195.
Genusity’s five-tier MyGenStart Cycler makes use of a 2×2 and a pair of×3 matrix.
A 2×2 matrix locations an affiliate on the prime of a matrix, with two positions immediately below them:
These two positions type the primary degree of the matrix. The second degree of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
A 2×2 matrix homes a complete of six positions.
A 2×3 matrix expands the idea with a 3rd degree, including a further eight positions to the matrix:
A 2×2 matrix homes a complete of fourteen positions.
Positions in a cycler matrix are crammed by way of subsequent place purchases made by new and present Genusity associates.
When all positions in a matrix are crammed, a “cycle” is triggered.
Funds throughout Genusity’s MyGenStart Cycler are as follows:
- first tier first cycle (first tier 2×2 matrix) – $30 cycle fee, GenCation product awarded and generates a brand new first tier second cycle and second tier first cycle place
- first tier second and subsequent cycles (first tier 2×2 matrix) – $90 cycle fee and generates a brand new first tier second cycle place
- second tier first cycle (second tier 2×2 matrix) – no fee, GenMink product awarded and generates a brand new second tier second cycle and third tier first cycle place
- second tier second and subsequent cycles (second tier 2×2 matrix) – $150 cycle fee and generates a brand new second tier second cycle place
- third tier first cycle (third tier 2×2 matrix) – no fee, GenBurn product awarded, IR rank qualification bonus and generates a brand new third tier second cycle and fourth tier first cycle place
- third tier second and subsequent cycles (third tier 2×2 matrix) – $400 cycle fee and generates a brand new third tier second cycle place
- fourth tier first cycle (fourth tier 2×3 matrix) – $300 fee and generates a brand new fourth tier second cycle and fifth tier first cycle place
- fourth tier second and subsequent cycles (fourth tier 2×3 matrix) – $2000 cycle fee and generates a brand new a brand new fifth tier first cycle place
- fifth tier first cycle (fifth tier 2×3 matrix) – $10,000 cycle fee and generates a brand new fifth tier first cycle place
A $20 referral fee is paid each time a personally recruited affiliate cycles out of a third-tier matrix.
A Matching Bonus can be accessible each time a personally recruited associates cycles out of a fifth tier matrix:
- IR ranked associates earn $500
- Gold ranked associates earn $1000
- Platinum and Diamond ranked associates earn $1500
Lastly observe that with respect to the “GenCation” product bundled with an affiliate’s first first-tier cycle, this product isn’t featured on Genusity’s web site. I don’t know what it’s.
The Ponzi side of Genusity’s MyGenStart Cycler is current by means of cycle commissions being paid out of subsequent place funding.
All Genusity are doing is shuffling newly paid in funds to pay returns to present buyers.
ROI math behind Genusity’s MyGenStart Cycler is $195 in and $10,330 out. Subsequent cycles throughout every tier add between $90 to $10,000 per cycle.
Genusity associates have decreased MyGenStart Cycler advertising to $195 in, $10,000 out.
Genusity, Tim Sebert and Randy Thomas are primarily based out of North Carolina within the US. The vast majority of Genusity associates are additionally believed to be US residents.
MyGenStart Cycler constitutes a passive funding alternative ($195 in, $10,000+ out), making it a securities providing.
Word that recruiting folks right into a Ponzi scheme doesn’t change the truth that returns paid out are funded by different individuals, making mentioned returns passive in nature.
At time of publication neither Genusity, Sebert or Thomas are registered with the SEC.
This implies Genusity, Sebert and Thomas are committing securities fraud. Operating a Ponzi scheme within the US additionally carries with it wire fraud and cash laundering costs.
Regulation apart, as with all MLM Ponzi schemes, as soon as affiliate recruitment dries up, so too will cycle commissions.
Being a Ponzi cycler, in Genusity this can present itself by means of matrices stalling.
As soon as sufficient MyGenStart Cycler matrices stall, an irreversible collapse is triggered.
Math ensures the vast majority of individuals in Ponzi cyclers lose cash.