Ponzi Scheme 101

[Pikiboy]

There is no one who cannot identify a ponzi scheme now when they see one, but obviously, greed appears to be a very powerful influence. People truly don't care about the risks, they just build their hope on the expectations of very high profit returns, usually 100% profits or even more. There is nothing like ignorance here, they all know what they are doing.

I totally agree with you, everyone knows what they are doing. People who go into Ponzi knows it Ponzi, they are fully aware but they still go ahead to put their money because they are just interested in starting on time and making a lot of money before it crashes and even if they’ve not even made any profit yet or enough profit to at least get  the amount they deposited back and it crashes, if another one comes again, they will still dive in. They are just after quick money regardless of if they are scam or not.

After my experience with Ponzi scheme I do not care to go put my money into such site anymore because I know that if I dedicate my interest in putting my money into Bitcoin and hold for some years I will definitely see the benefits there without having to loss any dim, the problem is only just to hold it for long term and also secure my seedphrase and private keys carefully.

[Franklyn-wood]

Well ponzi will destroy your life and life savings i see people who invest their savings believing that they could triple their savings but lose it in the scheme,

Most of them are lazy and greedy set of people. They want to multiple their money without working for it, you just want to seat at a place and their money is going to be multiplied, it’s doesn’t really make sense. If it’s easy to make money, people are not going to be working, they will just invest their money, within short period of time their money will have multiplied so many times. It’s high time we know that their is no place you will be able to multiply your money without working or doing anything, if anyone ask you to invest, and they promise you quick return with zero risk, just stay away from investments like that because you are likely going to be scammed.

The way people wants to make money fast as if it was planted and all we do is go there and plug it out. I remember the heat or the sunshine empire scheme in 2003. It was a massive one, when people had to withdraw there finds from bank to invest in it with promises of getting multiple of the amount invested. I had friends and colleagues who fell for this. I almost join the train because at that early stage when it was introduced, everything was going well, until they started having connection and withdrawal delays. Some used house rent, school fees, marriage bride price and other funds ment for important thing they invested it and lost. Ponzi scheme might look nice at first but later becomes ponds or regret and pai.

[EarnOnVictor]

After my experience with Ponzi scheme I do not care to go put my money into such site anymore because I know that if I dedicate my interest in putting my money into Bitcoin and hold for some years I will definitely see the benefits there without having to loss any dim

It's been long I was directly involved in a Ponzi scheme where there would be a referral program and downlines, and it didn't end well. That should be over 2 decades ago. But after then, I still got myself involved in one more, but indirectly this time, for I didn't know, which is why I would like to tell you that many people got involved unknowingly as well, but people are getting wiser these days.

The last one in my country that even got the law enforcement involved didn't come in form of a Ponzi scheme, to know how these people are getting smarter, as it was linked to an AI, and it operated for years; paying people. It was called Crypto Bridge Exchange (CBEX). They easily took over $1B dollars away through Ethereum.

[JoyceBTC]

There is no one who cannot identify a ponzi scheme now when they see one, but obviously, greed appears to be a very powerful influence. People truly don't care about the risks, they just build their hope on the expectations of very high profit returns, usually 100% profits or even more. There is nothing like ignorance here, they all know what they are doing.

I totally agree with you, everyone knows what they are doing. People who go into Ponzi knows it Ponzi, they are fully aware but they still go ahead to put their money because they are just interested in starting on time and making a lot of money before it crashes and even if they’ve not even made any profit yet or enough profit to at least get  the amount they deposited back and it crashes, if another one comes again, they will still dive in. They are just after quick money regardless of if they are scam or not.

After my experience with Ponzi scheme I do not care to go put my money into such site anymore because I know that if I dedicate my interest in putting my money into Bitcoin and hold for some years I will definitely see the benefits there without having to loss any dim, the problem is only just to hold it for long term and also secure my seedphrase and private keys carefully.

It is good you’ve learnt from your experience and you have different mindset towards this unlike some other people.
This Ponzi schemes has actually wrecked so many persons but they still don’t learn, because of greed. People should learn how to start investing their money in asset that will create wealth or more value for them, it beyond just making money for today, how secure are you in the future.

[serjent05]

It's been long I was directly involved in a Ponzi scheme where there would be a referral program and downlines, and it didn't end well. That should be over 2 decades ago. But after then, I still got myself involved in one more, but indirectly this time, for I didn't know, which is why I would like to tell you that many people got involved unknowingly as well, but people are getting wiser these days.

I think most people who get involved in an MLM company or networking have someone knocking on their door offering a Ponzi scheme in disguise as a "new opportunity". These people who offered this kind of so-called "opportunity" are people who were once co-distributors or co-agents of their previous MLM company. Most of these people are the top sellers or recruiters who had an established reputation in the company, which is why most victims are easily swayed by the offer.  It is such a lucky chance that I have read lots of scam stories here in the forum that I am able to tell the difference between a legit operation and a fraudulent one.

[NewRevelation]

There is no one who cannot identify a ponzi scheme now when they see one, but obviously, greed appears to be a very powerful influence. People truly don't care about the risks, they just build their hope on the expectations of very high profit returns, usually 100% profits or even more. There is nothing like ignorance here, they all know what they are doing.

I totally agree with you, everyone knows what they are doing. People who go into Ponzi knows it Ponzi, they are fully aware but they still go ahead to put their money because they are just interested in starting on time and making a lot of money before it crashes and even if they’ve not even made any profit yet or enough profit to at least get  the amount they deposited back and it crashes, if another one comes again, they will still dive in. They are just after quick money regardless of if they are scam or not.

After my experience with Ponzi scheme I do not care to go put my money into such site anymore because I know that if I dedicate my interest in putting my money into Bitcoin and hold for some years I will definitely see the benefits there without having to loss any dim, the problem is only just to hold it for long term and also secure my seedphrase and private keys carefully.

It's only people who like free things that will always fall for Ponzi schemes. How do you get ×2 of your investment within a week or month? What kind of miracle is that. Yet, people tend to forget the reality behind the profit and throw themselves all in. People should learn to work for what they get. It's not bad to make gains, but what work have you done. You can't just put money into something, them relax and in few weeks, the money is triple the value. That's insane.

Anything that offers free money without showing realistical means of working for those gains, them am out totally. People should be wise and careful.

[Mpamaegbu]

Ponzi scheme is a serious business for some people.

Yes, it's serious business but for those who originate the schemes. This set of people don't lose once the scheme is announced to the world. They only have to be patient and wait for public interest and patronage to grow and then do them dirty.

At the end of all this advice that has been shared to warn people about the dangers of Ponzi scheme, the ones that will avoid them will do so while those who will want to ignore this advice wil still go ahead.

You're right on that. It's the reason I don't waste saliva talking to anyone in the bid to rescuing them from investing in such scam. Adults should be responsible for their decisions and actions. The consequences, they should face them too.

[tech30338]

Ponzi scheme is a serious business for some people.

Yes, it's serious business but for those who originate the schemes. This set of people don't lose once the scheme is announced to the world. They only have to be patient and wait for public interest and patronage to grow and then do them dirty.

At the end of all this advice that has been shared to warn people about the dangers of Ponzi scheme, the ones that will avoid them will do so while those who will want to ignore this advice wil still go ahead.

You're right on that. It's the reason I don't waste saliva talking to anyone in the bid to rescuing them from investing in such scam. Adults should be responsible for their decisions and actions. The consequences, they should face them too.

If a person gets scam even though we already remind them of what is the danger then its already their fault because  we did remind them of ponzi scheme and what will happen, its already their responsibility as a person to protect themeselves, what ever happen to them is their fault , we dis our part to protect them.

[Supreme Donvic]

There is no one who cannot identify a ponzi scheme now when they see one, but obviously, greed appears to be a very powerful influence. People truly don't care about the risks, they just build their hope on the expectations of very high profit returns, usually 100% profits or even more. There is nothing like ignorance here, they all know what they are doing.

I totally agree with you, everyone knows what they are doing. People who go into Ponzi knows it Ponzi, they are fully aware but they still go ahead to put their money because they are just interested in starting on time and making a lot of money before it crashes and even if they’ve not even made any profit yet or enough profit to at least get  the amount they deposited back and it crashes, if another one comes again, they will still dive in. They are just after quick money regardless of if they are scam or not.

After my experience with Ponzi scheme I do not care to go put my money into such site anymore because I know that if I dedicate my interest in putting my money into Bitcoin and hold for some years I will definitely see the benefits there without having to loss any dim, the problem is only just to hold it for long term and also secure my seedphrase and private keys carefully.

It is good you’ve learnt from your experience and you have different mindset towards this unlike some other people.
This Ponzi schemes has actually wrecked so many persons but they still don’t learn, because of greed. People should learn how to start investing their money in asset that will create wealth or more value for them, it beyond just making money for today, how secure are you in the future.

Some people do not think about the future and some of them that are always looking for ponzi scheme thinks that what they are investing on is real investment that will last.
Last week my sister told me about a particular investment from her explanation on how the investment runs or works, I told her that it is a ponzi scheme and it will crash very soon that I will not take part in such investment and she also decided not to do it, she said the pastor's wife was the one that introduced or told her about the investment and that some of their church members are already doing it.
Sometimes lack of job and a way out of poverty push some people into ponzi scheme.

[Shineup]

There is no one who cannot identify a ponzi scheme now when they see one, but obviously, greed appears to be a very powerful influence. People truly don't care about the risks, they just build their hope on the expectations of very high profit returns, usually 100% profits or even more. There is nothing like ignorance here, they all know what they are doing.

I totally agree with you, everyone knows what they are doing. People who go into Ponzi knows it Ponzi, they are fully aware but they still go ahead to put their money because they are just interested in starting on time and making a lot of money before it crashes and even if they’ve not even made any profit yet or enough profit to at least get  the amount they deposited back and it crashes, if another one comes again, they will still dive in. They are just after quick money regardless of if they are scam or not.

After my experience with Ponzi scheme I do not care to go put my money into such site anymore because I know that if I dedicate my interest in putting my money into Bitcoin and hold for some years I will definitely see the benefits there without having to loss any dim, the problem is only just to hold it for long term and also secure my seedphrase and private keys carefully.

It is good you’ve learnt from your experience and you have different mindset towards this unlike some other people.
This Ponzi schemes has actually wrecked so many persons but they still don’t learn, because of greed. People should learn how to start investing their money in asset that will create wealth or more value for them, it beyond just making money for today, how secure are you in the future.

Some people do not think about the future and some of them that are always looking for ponzi scheme thinks that what they are investing on is real investment that will last.
Last week my sister told me about a particular investment from her explanation on how the investment runs or works, I told her that it is a ponzi scheme and it will crash very soon that I will not take part in such investment and she also decided not to do it, she said the pastor's wife was the one that introduced or told her about the investment and that some of their church members are already doing it.
Sometimes lack of job and a way out of poverty push some people into ponzi scheme.

The signals of Ponzi most of the time are usually Cristal clear and people will know that it is not a real investment that will last but they want to be the early birds that will catch up with the worms before others, am happy that your sister listened to you because most people will not until they learn the hard way, some people get carried away by the status of those who is introducing them but that doesn't really matter at all, that her pastor's wife introduced it to her is not enough reason to do, she did well by following your advice unlike some people, Ponzi scheme is not a way out of poverty because I have never seen so people should learn from what has happened to others, is it not funny how people complain of lack of job yet they have money for Ponzi scheme.

[Xackie]

If a person gets scam even though we already remind them of what is the danger then its already their fault because  we did remind them of ponzi scheme and what will happen, its already their responsibility as a person to protect themeselves, what ever happen to them is their fault , we dis our part to protect them.

You are right. I always urge people to develop the habit of doing their own research before putting money into something they have no slight idea about. There are some type of scams that looks real and someone can easily fall for them. Some scammer will go to an extra length of creating a good websites, using fake testimonials that make their stuff look real. But if someone decides to calm down make more deep finding it will really help them alot. Sometimes they might even know that it's a scam but greed and blind risk taking will deceive them to try it out due to the unrealistic returns it promises to give. Which is why I don't pity them when they lose their money to scammer. They have been warned several times but they refuse to take heed.

[DYING_S0UL]

It's been long I was directly involved in a Ponzi scheme where there would be a referral program and downlines, and it didn't end well. That should be over 2 decades ago. But after then, I still got myself involved in one more, but indirectly this time, for I didn't know, which is why I would like to tell you that many people got involved unknowingly as well, but people are getting wiser these days.

I think most people who get involved in an MLM company or networking have someone knocking on their door offering a Ponzi scheme in disguise as a "new opportunity". These people who offered this kind of so-called "opportunity" are people who were once co-distributors or co-agents of their previous MLM company. Most of these people are the top sellers or recruiters who had an established reputation in the company, which is why most victims are easily swayed by the offer.  It is such a lucky chance that I have read lots of scam stories here in the forum that I am able to tell the difference between a legit operation and a fraudulent one.

Looking back I feel so dumb now! I too have been unlucky enough to experience a similar Ponzi scheme once. It was very loooooong ago, and back then I didn't know what MLM model was or how these schemes worked.

So the gig was simple, you needed to register, pay the platform upfront (the account activation fee), then watch ads daily, and your balance would increase. There was this referral system to increase your earnings even more, yeah the usual mlm model. Also, they would set the minimum withdrawal so high that it will take at least 1 month fulfill. And by the time you reach it, they would either say they couldn't pay right now cause there are some problems with the payment methods, or they would simply disappear! LOL, I feel embarrassed writing this.

[Umulala-alala]

The signals of Ponzi most of the time are usually Cristal clear and people will know that it is not a real investment that will last but they want to be the early birds that will catch up with the worms before others, am happy that your sister listened to you because most people will not until they learn the hard way, some people get carried away by the status of those who is introducing them but that doesn't really matter at all, that her pastor's wife introduced it to her is not enough reason to do, she did well by following your advice unlike some people, Ponzi scheme is not a way out of poverty because I have never seen so people should learn from what has happened to others, is it not funny how people complain of lack of job yet they have money for Ponzi scheme.

Ponzi scheme is a way of robbing Peter to pay Paul while most people fall vitem is because of the testimony they heard from others who were first to start, that they just got credited after investing and looking at the way things are, the hard economy hitting people, desperate of making quick money and greed. There will be signs that this is a ponzi scheme but they won't adhire to it, any investment that promises higher return within a short while is a ponzi scheme, it's never real and people should learn to avoid wasting money unnecessarily on ponzi scheme because their is absolutely no way someone can get rich through investing in ponzi scheme.

[sokani]

Looking back I feel so dumb now! I too have been unlucky enough to experience a similar Ponzi scheme once. It was very loooooong ago, and back then I didn't know what MLM model was or how these schemes worked.

So the gig was simple, you needed to register, pay the platform upfront (the account activation fee), then watch ads daily, and your balance would increase. There was this referral system to increase your earnings even more, yeah the usual mlm model. Also, they would set the minimum withdrawal so high that it will take at least 1 month fulfill. And by the time you reach it, they would either say they couldn't pay right now cause there are some problems with the payment methods, or they would simply disappear! LOL, I feel embarrassed writing this.

Nah, you shouldn't be ashamed that you participated in a Ponzi Scheme and got scammed. You were ignorant at that time, just like many newbies. Some persons here too have been victims of such scams even when they don't say it. So be thankful for the lessons and knowledge you've acquired. Also, it helps that you're sharing your story. You never know who you've just saved by sharing it.

[DYING_S0UL]

-snip-

Nah, you shouldn't be ashamed that you participated in a Ponzi Scheme and got scammed. You were ignorant at that time, just like many newbies. Some persons here too have been victims of such scams even when they don't say it. So be thankful for the lessons and knowledge you've acquired. Also, it helps that you're sharing your story. You never know who you've just saved by sharing it.

I simply didn't know how these schemes operated and thought they were actually real ways of making money. I learned my lesson the hard way and I hope other won't have to face the same. If anyone I'm grateful to, I should say that would be this forum and the members who regularly posts about such schemes. I learned and leaning a lot though the forum (mlm, honeypot, fragment scams, fake wallet etc etc).

Now I just follow one rule in life, "If it's too good to be true, it's probably a scam'. .

[Berry2d]

-snip-

Nah, you shouldn't be ashamed that you participated in a Ponzi Scheme and got scammed. You were ignorant at that time, just like many newbies. Some persons here too have been victims of such scams even when they don't say it. So be thankful for the lessons and knowledge you've acquired. Also, it helps that you're sharing your story. You never know who you've just saved by sharing it.

I simply didn't know how these schemes operated and thought they were actually real ways of making money. I learned my lesson the hard way and I hope other won't have to face the same. If anyone I'm grateful to, I should say that would be this forum and the members who regularly posts about such schemes. I learned and leaning a lot though the forum (mlm, honeypot, fragment scams, fake wallet etc etc).

Now I just follow one rule in life, "If it's too good to be true, it's probably a scam'. .

Its good even with that lost you still have where to rest on and advice others that have not experienced such not to get involved in such investment option know matter how encouraging and welcoming it may be.
Among all investment options,  I thinks the ponzi scheme do have the highest fabrication and design of great opportunities which is why many are easily convinced to invest in it without knowing its the shot cut to  failure. 
Many where involved and never had the opportunity to tell what his eyes have seen because he  couldn't stand back the same way you have done now.  On this i believe it will be more preferable if it is avoided instead of falling victim.

[Ojima-ojo]

If a person gets scam even though we already remind them of what is the danger then its already their fault because  we did remind them of ponzi scheme and what will happen, its already their responsibility as a person to protect themeselves, what ever happen to them is their fault , we dis our part to protect them.

You are right. I always urge people to develop the habit of doing their own research before putting money into something they have no slight idea about. There are some type of scams that looks real and someone can easily fall for them. Some scammer will go to an extra length of creating a good websites, using fake testimonials that make their stuff look real. But if someone decides to calm down make more deep finding it will really help them alot. Sometimes they might even know that it's a scam but greed and blind risk taking will deceive them to try it out due to the unrealistic returns it promises to give. Which is why I don't pity them when they lose their money to scammer. They have been warned several times but they refuse to take heed.

No matter how you warn people against scams, they still keep falling into it, recently there was news of another Ponzi scheme that exited with customers' money.


This time is about trading digital assets and with a guarantee profit on daily basis, this make the offer attractive to the greedy forks, that thinks such offer are good fast way to make money, but in the end they get robbed.

[L E G E N D A R Y]

No matter how you warn people against scams, they still keep falling into it, recently there was news of another Ponzi scheme that exited with customers' money.


This time is about trading digital assets and with a guarantee profit on daily basis, this make the offer attractive to the greedy forks, that thinks such offer are good fast way to make money, but in the end they get robbed.

The problem now with people is that, some of these people already know that these schemes are obvious ponzis and that they may collapse or exit at no distance time, but rather than running away from them, they’d rather choose to go in and see if they can get some little profits before the Ponzi scheme collapse and exits. So actually does succeed in doing so, while some end up getting rug pulled on the process.

[ultrloa]

If a person gets scam even though we already remind them of what is the danger then its already their fault because  we did remind them of ponzi scheme and what will happen, its already their responsibility as a person to protect themeselves, what ever happen to them is their fault , we dis our part to protect them.

You are right. I always urge people to develop the habit of doing their own research before putting money into something they have no slight idea about. There are some type of scams that looks real and someone can easily fall for them. Some scammer will go to an extra length of creating a good websites, using fake testimonials that make their stuff look real. But if someone decides to calm down make more deep finding it will really help them alot. Sometimes they might even know that it's a scam but greed and blind risk taking will deceive them to try it out due to the unrealistic returns it promises to give. Which is why I don't pity them when they lose their money to scammer. They have been warned several times but they refuse to take heed.

No matter how you warn people against scams, they still keep falling into it, recently there was news of another Ponzi scheme that exited with customers' money.


This time is about trading digital assets and with a guarantee profit on daily basis, this make the offer attractive to the greedy forks, that thinks such offer are good fast way to make money, but in the end they get robbed.

And that's the sad reality out there, instead of they listen to your warnings given. They will feel bad on what you have said to them. Then react negatively, that's why sometimes I don't bother giving warning to random people.

Then let them experience the worse, so they can learn from their bad experiences.

I also saw lots of trading scams offering in social media places. Then its really crazy that despite of scams happening using that method. Many people still interested to invest with those super obvious scams.

[tech30338]

If a person gets scam even though we already remind them of what is the danger then its already their fault because  we did remind them of ponzi scheme and what will happen, its already their responsibility as a person to protect themeselves, what ever happen to them is their fault , we dis our part to protect them.

You are right. I always urge people to develop the habit of doing their own research before putting money into something they have no slight idea about. There are some type of scams that looks real and someone can easily fall for them. Some scammer will go to an extra length of creating a good websites, using fake testimonials that make their stuff look real. But if someone decides to calm down make more deep finding it will really help them alot. Sometimes they might even know that it's a scam but greed and blind risk taking will deceive them to try it out due to the unrealistic returns it promises to give. Which is why I don't pity them when they lose their money to scammer. They have been warned several times but they refuse to take heed.

No matter how you warn people against scams, they still keep falling into it, recently there was news of another Ponzi scheme that exited with customers' money.


This time is about trading digital assets and with a guarantee profit on daily basis, this make the offer attractive to the greedy forks, that thinks such offer are good fast way to make money, but in the end they get robbed.

And that's the sad reality out there, instead of they listen to your warnings given. They will feel bad on what you have said to them. Then react negatively, that's why sometimes I don't bother giving warning to random people.

Then let them experience the worse, so they can learn from their bad experiences.

I also saw lots of trading scams offering in social media places. Then its really crazy that despite of scams happening using that method. Many people still interested to invest with those super obvious scams.

This is actually true some people take it to heart what you have said, you are already concern for them on what will happen if they made a mistake, instead they are taking it as a shot to them, and instead of listening sometimes they will think of it as we envy what they are doing, in the end they are the one who lose money in the process.
Social media really fave the way for other scams, even though we always remind others about it they still fall as victim because they are too greedy and want money, even in a wrong way, where they will also lost money.