The rush for money in a biting recession is unending. Twinkas, a Ponzi scheme under the same get help and ‘provide help’ twist is making waves.
After the fall of MMM Nigeria, many Ponzi scheme analysts have predicted a surge in the rise of new Ponzi scheme providers will cash in on the flaws of MMM Nigeria to rake in more money for themselves.
Twinkas has no product or service that it provides other than the ponzi system where people pay to double their funds for an unreasonable amount that activates the greed in its members.
On its website, you are greeted by faces of purported Indians and a Nigerian who might be founders of the Ponzi Scheme. One analyst said the picture is aimed at hoodwinking potential victims that Twinkas has a face to its operations. However, there are no proofs that folks in the picture are the real owners of the scam.
Should you be wondering why Twinkas is just another scam that will go burst, its sales pitch goes like this:
When you Join, you will need to donate the sum of either N5000, N10000, N20000 or N50000 to a fellow member assigned by the system or your direct link, and the member will then confirm your donation and then the system will automatically assign 2 other registered people under you from spillovers who will also pay you the joining amount each, into your bank account, making 200% (i.e. 200% of N5000 is N10000, 200% of N10000 is N20000 200% of N20000 is N40000 and 200% of N50000 is N100000).
An analyst told PageOne.ng that the fact that Twinkas is promising Nigerians 200% on any amout they put into a scheme they do not have to do anything about is not only attractive but ‘possessive’. The crash of MMM Nigeria has been waved aside and blamed on the government and media attacks.
There is no proof that Twinkas is truly existing its Dubai address stated as- Villa 0101, 27th Street, Sector 24, Al mushrif area, UAE.
The website has been set to private with ONLINENIC, INC. shown as the domain registrar. The domain registration has been set to private. There is no point entrusting your money to people who are not confident enough to identify themselves.