After the crash of MMM and the revelations that followed. Yahoo boys and web designers are now springing up ponzi's schemes daily to scam people and crash the site later.

A visit to facebook will reaveal about 500 of such ponzi's currently on. Eg esusu, twinkas, loopers, getrichclub, money box etc. Considering the backlash MMM received why are other ponzi schemes exempt.

I work as a cashier in a bank and heard EFCC picked up an admin of one of such sites after internal control flagged his account. He got 45m in less dan 3 hours after different people paid 100k into his account. This ponzi frenzy is really a sad situation.

dominique:
The whole thing happened so fast, nobody knew that there will be over 500 Ponzi schemes within the space of a few months. Still, the authorities have to spring into action, investigate and arrest the fraudsters behind these numerous schemes. They're getting to many, what is more annoying is that people are foolishly joining them and losing money to them.

ednut1:
cant be blame this on greed or recession?

booqee:
back to the topic,

even at my place of work, a lot of my colleagues are now into the ponzi thing, every morning u see people asking, "which ponzi just launched again", let us quickly make some money. u know, that sort of thing..

i have heard of over 30 funny ponzi names now: naracle, moneyblaze, obistar, ogive, loopers, cashpipe, buildmoney, pradapay, wazobia, porscheclub ..... kilode gan!!!!!!!!!!

Poverty, greed, desperation fuels get rich schemes

dominique:
The whole thing happened so fast, nobody knew that there will be over 500 Ponzi schemes within the space of a few months. Still, the authorities have to spring into action, investigate and arrest the fraudsters behind these numerous schemes. They're getting to many, what is more annoying is that people are foolishly joining them and losing money to them.

CallmeGlad:
Anyone still into ponzi after the crash of MMM is a greedy fellow.

Xperience12:
Writing this to warn all Nairalanders to beware of Softfund.org. They are fraudsters. The website came out today and was introduced to me by a friend of mine on whatsapp. I registered and was matched to pay someone N20,000, one Ifeanyi. I was given one hour to do so. So I quickly used my mobile banking and sent in the money. All for me to come back to my database page and the details been wiped off and I haven't been confirmed. After a while I was rematched to pay someone else. Meanwhile nothing is being said about my N20,000 again. Guys please careful of the type of sites you register on. I've been duped now and wouldn't like anyone else to be. Share this news and save people from falling to such scams. Tell them not to register on Softfund.org o!

See images to confirm what I mean.

Xperience12:
Writing this to warn all Nairalanders to beware of Softfund.org. They are fraudsters. The website came out today and was introduced to me by a friend of mine on whatsapp. I registered and was matched to pay someone N20,000, one Ifeanyi. I was given one hour to do so. So I quickly used my mobile banking and sent in the money. All for me to come back to my database page and the details been wiped off and I haven't been confirmed. After a while I was rematched to pay someone else. Meanwhile nothing is being said about my N20,000 again. Guys please careful of the type of sites you register on. I've been duped now and wouldn't like anyone else to be. Share this news and save people from falling to such scams. Tell them not to register on Softfund.org o!

See images to confirm what I mean.

kibra4u:


Did anybody force you to join. Why you dey drink Panadol for someone elses Headache........

ponzihater:


Shun Ponzi Schemes. It's a sound warning I have been giving ad-infinitum. Shun it. There's no legitimate one.

Sgt Ponzi Hater

bjhaid:
Shut up with that Nonsense