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Author Topic: Obvious signs of Ponzi schemes.  (Read 313 times)
Bexex
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Today at 01:44:16 AM
 #21

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.
Azin ehen that referral of a thing I no dey hear am at all cos no be me and you. Thank God say I no dey ever listen to all this rubbish and from any one.
That reminds me one of my hostelite during school years I tell am say make he withdraw him money baba ni hear me oo na so him number take go for one Ponzi scheme like that sha.
Ummeettaa
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Today at 06:10:08 AM
 #22

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 of the things I have noticed with the Ponzi scheme is the convincing comments commented under the said advert, after over hyping the scheme. Once I notice mostly positive comments on an adver I consider it to be a Ponzi.

I also know a Ponzi scheme's when ever an investment advert do make a huge promises and assurance that are too good to be true or hard to believe, like asking someone to make an investment of 100,000 and get the opportunity to withdraw 1Million in a week.

I have also noticed that a Ponzi scheme always give a huge reward for referring someone, I have seen where a 6k referrer reward have been given to someone that invested 15k which is almost half of his investment. That is the sign of luring.


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Macabury
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Today at 07:09:05 AM
 #23

Most of the ponzi go carry rewards go go make person wan sell their entire property just to invest. The annoying part be say some persons go even involve their family members and friends with full confidence say e go make them rich. Wetin I feel be say anything wey guarantee short term profit or wey promise person quick riches get higher chances of Ponzi scheme format and one get dey extra careful of that kind adventure.
Lembo69
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Today at 07:29:15 AM
 #24

Only those who seek high returns on small investments—and fall for the lures dangled by scammers—become victims of such Ponzi schemes. In the current climate of widespread fraud, an investor can remain safe only by exercising self-restraint and avoiding the temptation of excessive profits.

Those involved in such schemes are constantly on the lookout for human vulnerabilities. They feel no sense of shame in their actions; instead, they unhesitatingly engage in defrauding others. As long as investors remain off-guard, scammers will continue to exploit them. Therefore, we must exercise caution and cast aside greed.

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casey15
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Today at 07:33:07 AM
 #25

You see that international affiliation, it's very common and they do it because they know most Nigerians are gullible and always want to do things that are shown to be from "abroad". There are genuine businesses with international collaborations that is why other signs are to be considered.. the most giving factor is the one of bringing somebody before you can earn... At first they won't tell you it's compulsory until maybe you have made little profit and unable to withdraw.. or your earnings are very low or you are not even earning at all, then they tell you that you have to bring up to 5 people before you can make money from it... They are all scams because at some point when people are not longer joing, they will run away with the money they have accumulated

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Today at 11:44:16 AM
 #26

Only those who seek high returns on small investments—and fall for the lures dangled by scammers—become victims of such Ponzi schemes. In the current climate of widespread fraud, an investor can remain safe only by exercising self-restraint and avoiding the temptation of excessive profits.

Those involved in such schemes are constantly on the lookout for human vulnerabilities. They feel no sense of shame in their actions; instead, they unhesitatingly engage in defrauding others. As long as investors remain off-guard, scammers will continue to exploit them. Therefore, we must exercise caution and cast aside greed.
The economy is so bad that every Ponzi scheme is always having enough people to scam. The things is the rate of unemployment is so much, and for those that are employed, their salaries can barely cover their basic needs and wants. So every one in the country is lookin for how to get more(free) money to cover for their needs and want.

Ponzi scheme is everywhere, but the rate at which people fall victim to it is so much, there are people who even know it a scam but still they would put in their money, hoping they would get back more than what they put in before it crash.

So yes and their economical factor and also a high level of ignorance in Nigeria.

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Today at 12:09:48 PM
 #27

The signs you listed are correct for any scam investment, online investment scam didn't start today so a common Nigeria is supposed to know these signs by now to be able to detect a ponzi scheme investment, there was a recent one that happened like 3 months ago where millions people invested more money just to get as what they invested.

I still believe in time to come another one will still come and people will still fall for them, people won't still learn i don't think I will ever fall for these online scam again i was before a victim so with the experience i have and their signs of warning I can never fall for them again.
Most people out of greedness of wanting to get back more than what they invested in a short time losses what they invested.


Uhwuchukwu53
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Today at 04:05:42 PM
 #28

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.

You nailed the facts, many chooses to be fooled despite knowing the signs of Ponzi scheme, know market or investment that yeild without you as investor having knowledge of how the system is working if it's truly in right direction or wrong to detect your faith either to quit or continue. I took my stand against any investment that is as fast as speed of light to be ponzi and restraint from partaking because no genuine investment will give you that high return within such time range except ponzi, even those who trade faces challenge before they can account of reasonable amount but that if ponzi is different, just to be free one must have policy of controlling it's desires to pursue higher profit because genuine investment take some time to yeild maximally though not all investment.

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