Naracle Ponzi scheme crashes, investors in confusion

Mfunds

The push might have come to shove for Naracle Ponzi scheme. The site is no longer reachable to its investors.

There are no official message from the owners of Naracle Ponzi scheme either.

Before its collapse, the scheme promise to pay its investors NGN40,000 in less than 7days with just ₦1,500 and up to NGN640,000 in less than 1(ONE) month.

It is known to its investors that Naracle has no product and or investment capital to guarantee such fund. The return on investment are paid with funds contributed by new investors.

When PageOne.ng did a review of Naracle and advising the public to stay away from it and other Ponzi schemes, a reader commented that:

“How many of those SMEs can they start with a capital of #1500? and they would not part with profits they have to made in the name of various taxes to touts and governments agencies? will their little capital also cover amenities like light and other things they would need to run their little business. Sir the government is the main cause of the growth of these ponzi scheme, the blame should just be on the youths and their “greed”

An analysts told PageOne.ng that the fact that Nigerians are now turning to Ponzi scams is a pointer that all is not well with the country.

He however disagree that people should see these schemes as a way out to their economic predicament. There are no “quick fixes”. “People who start and run these schemes will get richer and leave you penniless” he said.

Naracle Ponzi scheme’s domain registration shows that one ‘Kingsley Sunday’ registered the site. There are no guarantee that that is the real name of the owner as he used the same name for the company name. Naracle Ponzi scheme was registered on the 9th of December. Alexa shows that over 90% of its traffic come from Nigeria.

Should Naracle be gone for good, many of its investors would have lost millions to the scammers who are getting smarter everyday.

8 thoughts on “Naracle Ponzi scheme crashes, investors in confusion

  1. This site itself is a scam cos as at around 10pm being about 3hrs ago i still collect 2 N2500 and some of my downline collected money yesterday 19th feb, my leevel 2 is almost complete just in 7 days. the site still open as at now. register though my link cos its moving fast

  2. False news.. Now I will not believe any of your new.. Logon to Naracle. is working perfectly well.. Do not cause panic to people with your fake news

  3. please no one shd visit this site again, they are big liars with false and fake information. Am so disappointed that people can create a site just to condem other good people. Naracle is up and doing, the site opens 247, and i still receive an alert this evening. They are not even planing to dissapoint any body, how much is N1,500 that somebody wants to run away with. Don’t mind that scam he wants to divert ur attention to his own fake ponzi scheme. Pls if u are not on naracle just follow the link below and u will testify.

  4. I registered and paid 1,500 to my sponsor, but up until now, I hv not received a dime. Aneg Naracle dey work at all?

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