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Do Not Invest On Ponzi Scheme Nigerians, This Website Is One - Investment - Nairaland

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Do Not Invest On Ponzi Scheme Nigerians, This Website Is One by revolutionnewsn: 12:32am On Jun 25, 2017
Do you know that Ponzi schemes like Suretestifiers are usually operated by enticing new investors with consistent and higher rates of returns than the previous investments? Most of these Ponzi schemes like Suretestifiers are disasters in waiting because, they take money from one person and give to the other ( robbing peter to pay paul and vice versa) without adding any real value to the economy as records of these transactions are not kept and made open to regulatory authorities.

They affect negatively millions of lives and shake the socio economic dynamics of a nation. Many people have argued that ponzi schemes like Suretestifiers can have absolutely no effect on the economy of Nigeria

The negative effects are mostly visible and go largely noticed by the economist. It is advisable to curb the activities of ponzi schemes like Suretestifiers to avoid undesirable returns and obnoxious economic impact.

It is a pity that the current recession in Nigeria indirectly promoted ponzi schemes like Suretestifiers as many people want to invest in a bid to lessen their financial burdens. Others who were motivated by greed also waded in to enjoy high returns of financial investments; but the result may not be favorable. Stay away from Suretestifiers and other popular schemes. It is more or less a disaster in waiting.

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