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Defining A Ponzi Scheme - Investment - Nairaland

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Defining A Ponzi Scheme by Candybob(m): 11:30am On Jul 19, 2017
Okay somebody asked me what a Ponzi scheme is.
And I did some googling...
very easy ooh,
but I dont why many people cant simply do it angry

Wikipedia has a very lovely straight forward answer that I think we Nairalanders need to keep in mind in light of all this sales people competing with me and asking you to deposit money in their schemes. And it goes thus

''A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities''... wikipedia

So before you release your money, take time to do due diligence... How will you earn on this scheme, if it is by bringing people in and then collecting from the people you brought in, then it means the people who brought you in will earn the same way, and the same applies to those who brought them in.

Run away from pyramid schemes... you are going to end up scamming your friends for some criminals hiding behind the system.

(https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=15&cad=rja&uact=8&ved=0ahUKEwi_7JPAi5XVAhUEkRQKHerOBe4QmhMImgEwDg&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FPonzi_scheme&usg=AFQjCNGRhakRZRNCXdL-6tRQ1yHdc01iQA)
Re: Defining A Ponzi Scheme by sgtponzihater1(m): 11:14pm On Jul 19, 2017
Candybob:
Okay somebody asked me what a Ponzi scheme is.
And I did some googling...
very easy ooh,
but I dont why many people cant simply do it angry

Wikipedia has a very lovely straight forward answer that I think we Nairalanders need to keep in mind in light of all this sales people competing with me and asking you to deposit money in their schemes. And it goes thus

''A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities''... wikipedia

So before you release your money, take time to do due diligence... How will you earn on this scheme, if it is by bringing people in and then collecting from the people you brought in, then it means the people who brought you in will earn the same way, and the same applies to those who brought them in.

Run away from pyramid schemes... you are going to end up scamming your friends for some criminals hiding behind the system.

(https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=15&cad=rja&uact=8&ved=0ahUKEwi_7JPAi5XVAhUEkRQKHerOBe4QmhMImgEwDg&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FPonzi_scheme&usg=AFQjCNGRhakRZRNCXdL-6tRQ1yHdc01iQA)

Sincere post, It only baffles me why people stick to these schemes with reckless abandon, and sees any that dissuades them as an enemy
Re: Defining A Ponzi Scheme by henrygentle: 12:37am On Jul 20, 2017
sgtponzihater1:


Sincere post, It only baffles me why people stick to these schemes with reckless abandon, and sees any that dissuades them as an enemy

Very good. So how does these been called a Ponzi Scheme seems to rhyme with a Peer to Peer Fund Donation platform.
Is that what google called a PONZI Scheme? Illiteracy has really eaten deep into most Nigerians.

If you still don't Understand the true definition of a True PONZI SCHEME, try re-read the information the Op just got from Google as the true definition of a Ponzi Scheme.
Re: Defining A Ponzi Scheme by sgtponzihater1(m): 5:37am On Jul 20, 2017
henrygentle:


Very good. So how does these been called a Ponzi Scheme seems to rhyme with a Peer to Peer Fund Donation platform.
Is that what google called a PONZI Scheme? Illiteracy has really eaten deep into most Nigerians.

If you still don't Understand the true definition of a True PONZI SCHEME, try re-read the information the Op just got from Google as the true definition of a Ponzi Scheme.

Uncle peer-2-peer or donation platform are mordern clichés to an already existing scheme. In a true peer to peer platform, you donate and get back what you put. It's a ponzi scheme because interest from nowhere and no business or sales is involved. MMM, GHWW and Givers forum are ponzi schemes, even the owners don't deny it.

One love

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Re: Defining A Ponzi Scheme by Candybob(m): 1:01pm On Jul 24, 2017
sgtponzihater1:


Uncle peer-2-peer or donation platform are mordern clichés to an already existing scheme. In a true peer to peer platform, you donate and get back what you put. It's a ponzi scheme because interest from nowhere and no business or sales is involved. MMM, GHWW and Givers forum are ponzi schemes, even the owners don't deny it.

One love

They will always come out to defend their scam. They will accuse you of ignorance and having no ambition. whereas they are simply projecting their self diagnosis to you.

After listening to twisted lectures from their sponsors, lifted from motivational books (Robert Kiyosaki is the most abused name used by these guys), they will suddenly feel that they know more than everybody.

I attended one lecture on cryptocurrency by these guys, come and see how all the terms where twisted to mean something else.
Re: Defining A Ponzi Scheme by Candybob(m): 1:04pm On Jul 24, 2017
henrygentle:


Very good. So how does these been called a Ponzi Scheme seems to rhyme with a Peer to Peer Fund Donation platform.
Is that what google called a PONZI Scheme? Illiteracy has really eaten deep into most Nigerians.

If you still don't Understand the true definition of a True PONZI SCHEME, try re-read the information the Op just got from Google as the true definition of a Ponzi Scheme.

Oga follow the link to get the full insight into what a ponzi and its brother, pyramid scheme is and its history.

Dont twist my post to mean something else.
Re: Defining A Ponzi Scheme by sgtponzihater1(m): 1:29pm On Jul 24, 2017
Candybob:


They will always come out to defend their scam. They will accuse you of ignorance and having no ambition. whereas they are simply projecting their self diagnosis to you.

After listening to twisted lectures from their sponsors, lifted from motivational books (Robert Kiyosaki is the most abused name used by these guys), they will suddenly feel that they know more than everybody.

I attended one lecture on cryptocurrency by these guys, come and see how all the terms where twisted to mean something else.

Weldone bro. It's good we still have few people who are ready to buy d truth and sell it not.

1 Like

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