Ponzi Schemes are now making waves in Nigeria. It’s now the topic most youths are now talking about. Ponzi Schemes in Nigeria are now rampant even more than Football betting. Though, people see it as the fastest way to get extra money by providing and getting help from one another with some percentage attached to it.
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 parahrased 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.
Today, i have taken my time to compile the list of all fake Ponzi sites i know (if not all). I’m sure, many more fake Ponzi sites will soon be created. You guys have to be careful. Ponzi Schemes are risky, even life is a risk though. But just becareful and do a thorough research before signing up for any Ponzi sites.
2017 List Of Fake Ponzi Schemes in Nigeria You Should Beware Of
1. Pay donor
2. O give
4. Money box
5. Joyful donor
6. Quick money
7. Helping community
9. Help forum
12. Help community
13. Spring cash
15. Our social wallet
17. Divine fund
18. Double Cash
20. Fund Niche
22. Peer to peer
25. Oil pot exchange
26. All the 24h and 48h. This Ponzi is based on Whatsapp named Whatsapp PH and GH. Created by a Nigerian guy.
27. Ultimate cycler
28. Run from any name that has cycle or cycler
31. nairapropeller and more i can’t recall now and more yet to be created.
Scam Ponzi Schemes Reported By Users in the Comment Box
5. Digital Portal CLUB
18. Triple income
Please, my brothers and sisters who have fallen victims already, take heart and make a U-turn.
Though, MMM Nigeria and Twinkas are still confirmed paying, as at the time of this publication…
If you know any other fake Ponzi Schemes that i didn’t include in the list above, kindly bring it to my notice using the comment box below.For Latest School Gist, Admission Tips and Educational News Click HERE