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What is a matrix site?
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This page contains the history of what MSNBC has called one of the fastest growing pyramid scams of the 21st century--the "matrix sites". MatrixWatch.org is here to warn consumers about the problems surrounding these scams, and to provide help to those customers caught up in them already. Here at Matrix Watch you can download the lawsuits against these sites, view media articles, and take part in our forum discussion. You must become a member to take advantage of these resources, and membership is a quick and easy process.


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The Beginning
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An exciting new idea was born a little over a year ago that promised tremendous rewards for a small investment. These new "matrix" sites attracted the attention of thousands of people, especially through eBay auctions. Those who joined these sites early boasted fast and easy returns on their investments. However, after few months passed, many sites would strangely disappear, and the owners were at many times unreachable. The sites that did last were plagued with problems that the matrix model inevitably produces. MatrixWatch.org has been formed to help these customers, and to prevent potential customers from joining these sites without knowing what they are all about (see "About Matrix Watch").


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History of the Matrix Sites
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Some time around April 2002, a new form of buying electronics was born. EZ Expo launched a system based on a straight line matrix where you can get some very expensive stuff for a very small investment. The website rapidly gained popularity and now has hundrends of people on their lists. Websites have come and gone, merchants have frozen hundreds of thousands of dollars and still the strong survive. There was a point when EZ Expo and one or 2 other websites were the only matrix sites out there, and when ten people could cycle in one day. This has all changed. Today, there are nearly 200 matrix sites offering cash and prizes to those who are willing to take a little risk.


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What is a 'Matrix'?
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This is basically how a matrix scheme works. When someone makes a purchase on a matrix site, that investment goes into the "pool" of the matrix. Once the required number of purchases is made for that specific item, the first person in line "cycles" and recieves the "free gift".


Example: this example is based on a 5 person matrix with a price of $100:

Person #1 pays: Becomes the one currently cycling. Pot becomes $100.
Person #2 pays: Pool becomes $200.
Person #3 pays: Pool becomes $300.
Person #4 pays: Pool becomes $400.
Person #5 pays: Pool becomes $500.

Person #1 "cycles" and recieves free item (worth $350), website takes $150 profit and Person #2 moves to currently cycling position.

Person #6 pays: Pool becomes $100.
Person #7 pays: Pool becomes $200.
Person #8 pays: Pool becomes $300.
Person #9 pays: Pool becomes $400.
Person #10 pays: Pool becomes $500

Person #2 cycles" and recieves free item (worth $350), website takes $150 profit and Person #3 moves to currently cycling position.

Matrix site total profit is now $300, and a total of 50 more people will need to join the matrix for Person #10 to receive their $350.


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What is Wrong with this Picture?
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For person #50 to receive their $350, 250 people must join the matrix. For person #250 to receive their money, 1250 people must join the matrix.

This is the problem with most of the lists out there today. The lists are too long, and 98% of the people end up getting ripped off because there are not enough new cyclers joining to help "cycle out" the people still on the lists. In fact, as of May 8, 2003, the EzExpo website listed 3,731 names in the 50" plasma television matrix, and only a small handful of people have signed up in the last three months. Rather than being a 5-person matrix cycle like the example above, this 50" plasma TV matrix on EzExpo is a 50-person matrix. The #10 person on the list needs to wait until 500 people join, number 100 on the list needs to wait for 5000, etc. All the while, the list starts growing larger and larger.

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Originally posted by Andrew
No, Matrix sites are a scam period.

Also, we don't allow promotion of matrix sites here. Since you've ignored our previous request to follow forum rules, you are out of here.

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quote:

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Originally posted by Andrew
No, Matrix sites are a scam period.

Also, we don't allow promotion of matrix sites here. Since you've ignored our previous request to follow forum rules, you are out of here.

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Originally posted by dimp11
you make huge downline and after some time site is disappeared

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