Since the break of Mmm Nigeria, some Ponzi scheme surfaced more than what you can imagine. Many young people of today are still in the
Ponzi scheme alive lol. Some refer Ponzi scheme a way to get more money.
Let me tell you the truth, most of these ponzi schemes are owned by your fellow Nigeria. Their aim is to pay early investors and disappeared into thin air after getting many people who provided assistance. There is no time to tell you how they work and fraud in Ponzi sites.
Ponzi scheme is. People who return from ponzi sites early investors. Then, when there is too much traffic on the site, that’s when you see “Site available”. Some even buy a hosting plan just to hit and run with your hard earned money. I love to explain how they got to scam you on ponzi site , but I do not have the time to explain this is not the main purpose of this post. Back to the topic of this post.
Incase you don’t know the meaning of Ponzi Scheme;
First definition: It’s a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
Second Definition: It’s a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.
The first definition was paraphrased to my taste. Though, both definitions are very correct but the first definition explained it better.
The word Ponzi was originated and named after Charles Ponzi. He died in the year 1949. He was the first man who carried out such a fraud in the year 1919–1920.
Due to the present economic downfall we are experiencing in Nigeria, sharp guys, including ladies are now taking advantage of Ponzi Schemes . With the rate at which Nigerians are going into Ponzi Schemes for quick cash, many fake Ponzi sites has been created to scam you of your hard-earned money.
There are over 150 ponzi schemes in Nigeria as at 2017. No Ponzi scheme is legit, all are the same thing. They satisfy the early investors and run away after getting many provide helps.
PONZI SCHEME SITES IN NIGERIA 2017
134. lCC Nigeria
141. 21st century
142. Naira cash.com
144. Gift cycler.com
145. Mmm cash
146. Mmm united
147. Help providers
150. All WhatsApp pH and gh
These are not all. Many are been created every new day. Stay away from Ponzi schemes or join at your own risk. Ponzi schemes can make you a millionaire and can aswell render you useless and leave you a debtor.
If you know any other ponzi sites that are not listed above, kindly comment them below.