This is Donation Hub, a stock exchange-like Ponzi Scheme

This is Donation Hub, a stock exchange-like Ponzi Scheme

For those looking for an alternative to the ‘frozen’ MMM Nigeria, Donation Hub, is the ‘hottest’ Ponzi Scheme that has surfaced on the Internet.

While MMM Nigeria and its copycats promise a minimum of 30%, Donation Hub promises a minimum of 50% return on investment to its members.

To keep its members to keep coming to the site, Donation Hub does not release the entire 50% interest but “The system holds a percentage between 20% of your incoming donation in order for users to re-donate and once you donate again, your hold percentage is then released to the next donation”.

However, a Ponzi Scheme analyst told PageOne.ng that the 20% might be the gain for the people bankrolling the scheme since they have to spend money to keep the ‘company’ alive.

Donation Hub describes itself as “A worldwide channel to connect participants to share donations and receive incentives in return”.

There are no proof that Donation Hub is an international Ponzi Scheme operations as its owners claim on its site. Alexa, the website ranking company said 96.4% of the total traffic to the site are from Nigeria, less than 2% of the remaining traffic are from the United States. These are more less Nigerians who are being counted as foreigners by tracking errors.

Without giving any detail about is ownership organisational structure, the site claimed that it is “A group of ordinary people, selflessly helping each other”.

Donation Hub currently claim to have 1,678 registered users. It said 1.1 million donations have been carried on its site since it started it operations with over USD22 million given out as incentive earned by its members. Available evidence also showed that the scheme started in November. Its claims and milestones are therefore incredible for a Ponzi Scheme that is less than three months old

So here is the catch for Donation Hub, the system is operated in a pseudo transparent stock exchange style where its members login into the platform at certain times of the day to either pledge to donate or receive donations.

Donation Hub also encourage its members to make donations in Bitcoin while allowing other currencies including the US Dollar. If you are a first time visitor to the site, you will be thrilled by the level of sophistication of the site’s engineering that allows all members to donate and cash out their investment in real time.

Bottom line
There are no traces of whoever owns, runs or direct the affairs of Donation Hub. The scheme is new and for a Ponzi Scheme at that level, there no tangible reason for anyone to be part of the scheme.

The pseudo-transparent manner the site is being administered is not a guarantee that things will not ‘go south’. Ponzi Schemes often fail even when its owners make them look like they are logically designed with transparent financial principles.

Since MMM Global and its various franchises collapsed and many are showing signs of collapse, many people who have benefitted from MMM Global and other related Ponzi Schemes have started variants of the same system. Donation Hub is not an exception.

20 Comments

  1. How can I reg

  2. Are you not aware about the numerous cancellation issue in donationhub.net platform in which peoples money has been hanging for over a month now without being rescheduled, nor reserved by new donors? After donating to others, they have not yet received their donation for more than 30 days now, whereas the platform promises 48hrs

  3. Adejumo Adekunle

    How do i join

  4. How will I register

  5. they have sorted cancellation issues… it didnt say 48hts, it says within 48hrs and 30days… pls don’t misinterpret. I have been on the platform for almost a month and i have made alot, i get paid within a week… There were only delay in payment over the festive period and it didnt exceed up to 10days. So far so good, DH is the best for now.

  6. This is not true I beg,bcos I start donation hub on 20th December 2016 and am receiving my donation promptly

    • I was supposed to have been paid for instant since 5 January. It’s 9th January and I have not still be matched. What is happening.

  7. How can I join

  8. This is not true, I have been in the system since November to date, and I receive my donation promptly. I have evidence.

  9. Not telingyou

    Donationhub domain was registered 2016-09-10. Expires 2017-09-10. No owner data anywhere. All the red flags are up. Enter at your own risk.

  10. Not true page one.ng . I have been with DH for two months now…it’s working fine and paying promptly.

  11. one need to be prayerful , and to be carried by their incentive of quicky returns, its quite unfortunate i was not properly inform by i registered today..

  12. today makes it 21 days dart i v not been paid after paying to some1 on that platform i v not collected my money

  13. Same here …for over 2weeks I have not received my payment and the platform does not send any info to anyone. I am very disappointed that a scheme like this won’t be able to keep to their words…I am shocked.

  14. I made payment since jenuary 20th and today makes it 30 i have nt been paid since i pay to some one.please what is happening

  15. what im seeing present about DH shows that it will soon be crash out. i and my other two friend ‘ve made payment since three weeks now on instant option, no matching, no information or any direction, im disappointed. i can’t invite anyone into the system anymore.

  16. mine is 19 days now on instant and i’m yet to be paid but my downline was paid last week at day 20, that’s 15th of february, 2017.

  17. Mine is over 20 days now. I have not been paid still.

  18. Donation hub is a scam, I have 4 accounts on the platform, opened all 4 within 1 day interval. I was supposed to be paid on 15th of February after making payments on all 4 platform but on the 15th I got rescheduled to the 25th of same month. As of now I have not been scheduled for payment on any of them instead am being told to make 75% donation within 48 hours and send proof of payment before I can be scheduled to get my payment or risk my account being suspended under48 hours even when my money is still hanging and no word from them. Who does that? They keep coming up with ridiculous laws in the space of the past few weeks,I hope no one else falls for this by learning from my mistake

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