Ponzi schemes are basically the investment platforms whose
profit or return on investment are based on the number of individuals investing
in the platform through you. Meaning the more people invest through you, the
more profit you make. That is to say immediately people stops investing your
interest ROI (Return on investment) stops.
It is very simple to identify a Ponzi scheme. They just
don’t have anything they are selling. They depend on the money of the second
investor to pay the first, that of the third to pay the second, etc, etc.
The popular Ponzi schemes of our time are the peer to peer payment
system. Among these are: all the MMMs,
NNNN, all the gethelps, Twinkas, www.pursche.com, etc. (Please note that the
fact that the name of a site is mentioned as an example doesn’t point it out as
a scam. We will list some that you have to be careful
with when thinking of investing.)
It is no longer news that after the unwarranted decision of
MMM Nigeria leaders to suspend payment in December 2016, several similar sites
have emerged. Although some of the new sites are genuine but the number of
those that are out there to scam the unsuspecting persons looking for where to
put there hard earned money are innumerable.
Therefore, this write-up is meant to remind you of some
questions you need to ask yourself before going ahead to invest your money.
Return on investment:
The return on investment as purported by the site is the
first thing you have to consider. Imagine an individual promising you 100% ROI
within 24 hours or immediately. You need to ask yourself how the site will
generate the money to pay the investors in the next week, month or year. That is to say if you by any chance get back
what you invested and profit as promised, how would they pay you the profit of
your next investment. The earlier you get out while you can, the better. Bear
in mind that the juicier, the riskier. The riskier the harder the chances of
getting back your money. That doesn’t mean that those that promise just meagre
profit can’t cart away with your money.
Who own the site and
where is there office located:
You want to invest or
send fund to a site with no name or address of the founder, or there is and you
can’t just locate it on google, you can’t contact support through call or
email. What if you do, does that justify the site as a veritable place for
investment? No. Because anybody can come up with anything. You need to ask
yourself who are there financiers? Imagine a site claiming to be supported
internationally or they have participant all over the world yet they do
business in Naira only (billionhit.com) or the site claim they are located all
over the world yet the address ends with 9ja.com and you still want to put your
money there? Wake up please.
I give you an example, a friend joined the so-called
billionhit and paid about 10,000 Naira into someone’s account. He was paired to
pay someone. He paid, and it was his turn to be paid. He was paired with two
people to be paid. The first guy number was going through the second was
unreachable. About 10min before the time elapsed, one of them claimed that he
had paid and should be confirmed despite my friend was yet to see an alert. We
realise it was a scam. He requested and was paired again after the time
elapsed. Only to notice that the numbers, names and emails of the persons he
was merged to pay him were fake.
 |
| The screen grab of the numbers and email of the persons that he was peered with |
The time the site was
launched:
Although this is not a yardstick with which you will jump to
conclusion but why would you thrown so much money in a site that is just a
month or an hour old. If you desire to bell the cat why don’t you start with a
small amount that won’t hurt. If you are paid, you can subsequently increase
your investment.
But they own a site….
the best dupes are always intelligent. The finance the site
and make it look the best and any one can pay any site designer to float
anything, either in India or Nigeria. Chief among them is thesoftking.
WHAT TO DO
·
Don’t be greedy when considering to invest. Go
for those with reasonable ROI.
·
If you must invest make sure you are among the
first set that invest, make your withdrawal before the site gets too popular.
If it gets popular and more people are coming with their money, there is more
likelihood that the owner will channel all the investors’ money to his account
and take off. An example is www.noblepayers.com.
Where there are allegation all over the net that they paid the initial people
that paid in money but the subsequent ones was channelled to the purported
founder of the site.
Interestingly, the site in question are
designed by the same thesoftking
 |
The WhatsApp message of an alarm raised by someone who noticed the noble players scam.
|
The summary is that you are reminded that there are scammers out there that are willing to use your yearning to make more money to deprive you of the little you have. it would be wise of you to take a second look at whichever site or quick money scheme that you intend to put your money.
It wouldn't be out of place to share this post with your friends and loved ones on twitter and Facebook to save the next unsuspecting victim.
if you want to see other sites that are coming with such schemes, the time and their promised ROI go to www.jakobian.com
if you have questions, contribution and suggestions, you have comment box to do so.
No comments:
Post a Comment