Obvious signs of Ponzi schemes.

[Stepstowealth]

I do not know if it is greed, or if our people just ignore all obvious signs of a ponzi. No matter how much ponzi organizers try to disguise and hide that they are not a ponzi, there are some common basic signs that gives them away.
These obvious signs are what I hope we can discuss about. Some of them that  I have noticed are;

1) You always need to bring someone or people.
Because it is a pyramid scheme that they hope to benefit from, there is no way it can thrive without you bringing someone in new.

2) They sometimes associate their scheme to an international person as the founder, or claim it is also done in other countries.
Associating the scheme with an international body of person gives it some level of sophistication I bet,  This is why they always do it this way so that they can attract gullible Nigerians more who always have the thinking that something from an international body is always better than what is present in our country.

3) Always the promise of quick returns.

What other signs have you noticed?

[Charles-Tim]

What are they selling?

If they say they want people to invest in agric and it is online, trading (like CBEX), in a way that they are not licensed, you should not believe.

Although about trading, I can not believe them even if they are licensed.

I think what really helped me is that I prefer to invest by myself and not believe in another party's investment. This is the best way to avoid these scammers.

Yes, high yield return is part of the red flag.

[BIT-BENDER]

Ok right now the Ponzi scheme post is now becoming Spammy.
There are already millions of post about Ponzi scheme even before the incidence of CBEX. Anyone seeking to know more about Ponzi scheme on this forum can just yes the search button and there will be lots of thread to read on. Let's not get caught in the Ponzi web and create spam on the board that belongs to all of us.

[Stepstowealth]

Ok right now the Ponzi scheme post is now becoming Spammy.
There are already millions of post about Ponzi scheme even before the incidence of CBEX. Anyone seeking to know more about Ponzi scheme on this forum can just yes the search button and there will be lots of thread to read on. Let's not get caught in the Ponzi web and create spam on the board that belongs to all of us.

Maybe you consider this a spam, but it is not to me. There are many topics that become again relevant with time even though they have been discussed before, and I think this is one of them.
There were already many topics concerning Ponzi before the newest Ponzi had its victims of which some forum members were part of, they did not search for Ponzi related topics, so they became victims again.
Ponzi Operators will be cooking up another ponzi to unveil, and with these obvious signs of it, it is easier for us to avoid.

What are they selling?

Thank you for adding this.

[DaNNy001]

I do not know if it is greed, or if our people just ignore all obvious signs of a ponzi. No matter how much ponzi organizers try to disguise and hide that they are not a ponzi, there are some common basic signs that gives them away.
These obvious signs are what I hope we can discuss about. Some of them that  I have noticed are;

1) You always need to bring someone or people.
Because it is a pyramid scheme that they hope to benefit from, there is no way it can thrive without you bringing someone in new.

2) They sometimes associate their scheme to an international person as the founder, or claim it is also done in other countries.
Associating the scheme with an international body of person gives it some level of sophistication I bet,  This is why they always do it this way so that they can attract gullible Nigerians more who always have the thinking that something from an international body is always better than what is present in our country.

3) Always the promise of quick returns.

What other signs have you noticed?

One thing people fail to ask themselves is,  how is the capital they are putting into these ponzi schemes being doubled, what are they doing with your money? Is there some kind of trade going on? Being promised quick returns should be all signs you need to know that it's a scam..I'm sure people know all of these but they are overly desperate to make money so they take the risk..if a new Ponzi scheme launches today a lot of Nigerians would still invest in it, I wonder why people decide to be naive and ignorant

[GPVibes]

Ok right now the Ponzi scheme post is now becoming Spammy.
There are already millions of post about Ponzi scheme even before the incidence of CBEX. Anyone seeking to know more about Ponzi scheme on this forum can just yes the search button and there will be lots of thread to read on. Let's not get caught in the Ponzi web and create spam on the board that belongs to all of us.

Maybe you consider this a spam, but it is not to me. There are many topics that become again relevant with time even though they have been discussed before, and I think this is one of them.
There were already many topics concerning Ponzi before the newest Ponzi had its victims of which some forum members were part of, they did not search for Ponzi related topics, so they became victims again.
Ponzi Operators will be cooking up another ponzi to unveil, and with these obvious signs of it, it is easier for us to avoid.

What are they selling?

Thank you for adding this.

I think this is an ongoing discussion of your subject matter and it is still fresh.
https://bitcointalk.org/index.php?topic=5538079.msg65274346#msg65274346

[rachael9385]

I do not know if it is greed, or if our people just ignore all obvious signs of a ponzi. No matter how much ponzi organizers try to disguise and hide that they are not a ponzi, there are some common basic signs that gives them away.
These obvious signs are what I hope we can discuss about. Some of them that  I have noticed are;

1) You always need to bring someone or people.
Because it is a pyramid scheme that they hope to benefit from, there is no way it can thrive without you bringing someone in new.

2) They sometimes associate their scheme to an international person as the founder, or claim it is also done in other countries.
Associating the scheme with an international body of person gives it some level of sophistication I bet,  This is why they always do it this way so that they can attract gullible Nigerians more who always have the thinking that something from an international body is always better than what is present in our country.

3) Always the promise of quick returns.

What other signs have you noticed?

Number always cracks me up everytime and it's so infuriating that people keep falling for it. If they have the platform to double people's investment people should be the ones looking for ways to invest in it instead of telling people to invite others, just like what it's a pyramid scheme that's designed for them to get rich. It's just a matter of time before another ponzi scheme comes out to decieve a lot of people again, I hope they have learnt their lesson.

[Pokapoka124]

I dey run anytime I hear say you need to bring one person wey go bring another person. Them go whine you say na so you go take grow for the ladder, affiliate marketers dey use this key brainwash this people them dey always get word for mouth to use convince new members. For the owner part, I don notice am too. That time them say MMM na Russian man get am. This CBEX na Chinese allegedly. All the online ponzi schemes I don see, na Oyibo them dey use gain our trust.

[Makus]

E get one post wey I see for WhatsApp, it says if you see any person willing to show you how to make money and the person ask for registration fee, just know that your registration is their source of income.  Though the statement no dey 100% true but 90% of that statement is true. Me personally anywhere I see referral code update I dey like to back down because logically na registration mo ey dem dey take pay you, all these affiliates dem I no dey out body at all. Though people dey make money yes because  even scam sef people dey make money but what's the guarantee of profit compared to the stress that you'll pass through.

[Lida93]

I do not know if it is greed, or if our people just ignore all obvious signs of a ponzi. No matter how much ponzi organizers try to disguise and hide that they are not a ponzi, there are some common basic signs that gives them away.

A ponzi scheme can't be completely concealed that a typical Nigerian wouldn't decode it to a ponzi no matter how the operators may want to garnish and link it's affiliations. But my fellow country man would want to play a fast one on the scheme, thinking they can beat the system before they would realise it he's off with withdrawal. Lol. As though the guys on the other end are dummies 

This mentality of the average Nigerian is what makes a lot of them falls victim of ponzi schemes and not an act of sheer ignorance of not knowing it's a ponzi.

[SatoPrincess]

Just a couple to add:
4. If it sounds too good to be true, it’s a scam. Nobody becomes rich overnight from a trade.
5. If the person inviting you to invest does not have a solid background in finance or in that trade, don’t invest. Because it is obvious they don’t really what they are trying to convince you to join.

[SmartCharpa]

Well, me I can still consider it as a greed, naija we dey always think say we wise and na we still understand the pattern we go follow to scam each other. They think those people behind CBEX na oyibo and they forgot that we Nigerians too can follow that same method to chop their money. How many times we go see thin, people they invest their savings in this kind of things and none of it favor them but I don't know whether that one is in our blood, anywhere we see that we can turn 1 into 2 we dey rush go there.

Moreover, if you don't see that as a greed I believe that someone in this forum would be complaining now when CBEX Japa with people money but we all know that any other investment doesn't worth our time and hard earned money na why we no dey follow any investment wey dey outside this place. Because nothing dey wan tell me wey I never see for this forum before. 

[TEBTC]

Some other obvious signs of the Ponzi schemes system that makes people fall and get into their traps are :
1.they are money minded the more you invest the more profit you make
2.their promises are very attractive
3.they don't have an authorized body

[Tonimez]

Ponzi schemes are so obvious to everyone especially when you have not been completely brainwashed by their popularizers who shouts fake hopes into your head to lure you into investing in it. Some other signs of a Ponzi scheme is;

1. When you can't analyse the source of the return they promised to pay you: Most Ponzi schemes have no clear definition of their sources of return which entails that it could fold up any moment.

2. They now hold evening classes in a dilapidated building or classrooms where they invite you for brainwashing.

3. They make use of only Motivational speakers to deliver their lectures.

When it gets too enticing, leave! That's a Ponzi scheme you are about to sign-up to.

[Africolo]

I dey run anytime I hear say you need to bring one person wey go bring another person. Them go whine you say na so you go take grow for the ladder, affiliate marketers dey use this key brainwash this people them dey always get word for mouth to use convince new members. For the owner part, I don notice am too. That time them say MMM na Russian man get am. This CBEX na Chinese allegedly. All the online ponzi schemes I don see, na Oyibo them dey use gain our trust.

This country is in ruins already, our leaders have made things rough for us, this is actually not good enough for the citizens. Although, common man go see food chop, na why we de work everyday to put food ontop our table. Ponzi schemes dey everywhere, they are now the orders of the day in this yeye country. I just tire for everything because everybody just wan make am, them care about the repercussions of their actions. Them want just get am clear, omo Nigeria don scatter. CBEX do men strong thing, well I'm not just surprise to see the vast numbers falling victims of heavy losses from CBEX.

[Swift_tr]

Ponzi schemes are getting more organized in their mode of operation this days but one thing still stands out the same quick and high returns. They promise outrageous profits and often operate only online luring gullible people, they even go as far as registering as subsidiary’s of trusted businesses. They use referral systems to get people to bring others in to the scheme in order for them to claim fake bonuses. It is important to do proper research before making any financial decisions so you done fall for these criminals.

[Beke_26]

I do not know if it is greed, or if our people just ignore all obvious signs of a ponzi. No matter how much ponzi organizers try to disguise and hide that they are not a ponzi, there are some common basic signs that gives them away.
These obvious signs are what I hope we can discuss about. Some of them that  I have noticed are;

1) You always need to bring someone or people.
Because it is a pyramid scheme that they hope to benefit from, there is no way it can thrive without you bringing someone in new.

2) They sometimes associate their scheme to an international person as the founder, or claim it is also done in other countries.
Associating the scheme with an international body of person gives it some level of sophistication I bet,  This is why they always do it this way so that they can attract gullible Nigerians more who always have the thinking that something from an international body is always better than what is present in our country.

3) Always the promise of quick returns.

What other signs have you noticed?

It is mostly, you need to bring someone or people to earn higher, I agree with you on that, once you hear bring someone, some of them even have a specific numbers of people you are to bring , just know that it a scam.
Ponzi scheme nowadays is becoming more convincing in their mode of operations but with this bring people to get more returns and also little or zero investment to have a huge return is something that is always fishy about them.

[Rgram]

4. The downline rewards where, the more people under you, the more money you get.
5. You always don’t need to do nothing, just put your money and relax while, you watch it make more money for you.
6. Most times, they don’t have a service they offer or product they sell.

All these are the core signs that is associated with Ponzi schemes and you don’t need to identify all of it to recognize the pattern. Once you get as much as 2-3 of these signs, it’s best to not get involved, not even for the short term.

[#BTC]

This is one great challenges that has trapped and scammed so many Nigerians over the years. Several years ago there was one called MMM, that ponzi scheme left so many Nigerians frustrated, some people even lost their whole business money just because they were deceived by MMM.

Even me personally I was also a victim of it. Again there's also one called twinkas, I lost greatly in it. Indeed those experience has really thought me never to believe it those get rich stuff or any offer that look too sudden, I have understood that they're all been formed just to milked from peoples. And why people keep on falling victim is just because of one reason, and that's no other thing than greed. Once it's defeated, you are good.

[CryptopreneurBrainboss]

All these are the core signs that is associated with Ponzi schemes and you don’t need to identify all of it to recognize the pattern. Once you get as much as 2-3 of these signs, it’s best to not get involved, not even for the short term.

I can just think of one and I believe it's very damn accurate because that was the trend back then when Ponzi schemes were all over the country and that's if you need to bring someone in for the investment to continue functioning. A real investment don't need you to bring one person to bring another person. It doesn't need you to bring in John so that Peter can be paid and immediately you notices that about an investment then it's a Ponzi scheme. We have MLM schemes too that operates with ponzi mentality and they can all be categorized as scams. Avoiding Ponzi scheme are easy, you just have to avoid anything that promises you fast money as that's the way they try to trick you into investing with them and you begin to hustle for referrals so you can get paid meanwhile you're just working for your upliner to be paid.