Dualfunds is a ‘double your money’ ponzi scam


One responsibility every individual owes is to attempt to make the world a better place but, Dualfunds claims it wants to use its ponzi scheme to eradicate financial hardship.

Since the emergence and crash of the popular MMM, many others have sprung up all with the same agenda.

The statement available on the site says that When you Join dual funds, you would be required to donate the sum of either N5,000, N10,000, N20,000, N50,000 or N100,000 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, N10000 is N20000, 200% of N20,000 is N40,000, and 200% of N50,000 is N100,000 and 200% of N100,000 is N200,000).

In return DualFunds will assign referrals to pay you. After you have received payment from 2 people under you, you have to confirm the receipt of the payment then the system will automatically exit you from the package and allows you for join another package.

What is different? Nothing! The promoters of dualfund went ahead to state the core value as , Sincerity, Honesty and Mutuality’, one then begins to wonder what sincerity can come from such a scheme. It is all fraud.

It is painful that these kind of tricks thrive in our society, no thanks to the financial hardship and level of greed in the nation. If only Nigerians will open their minds to more innovative ways of making money through hardwork, this nation will indeed be a better place not with scams of all forms.

Another glaring fact is that the level of desperation to make wealth has further been incited which now beckons on the federal government to checkmate every medium through which ponzi promoters operate.

Just recently, the Nigerian Securities and Exchange Commission, SEC exposed and declared Tine God Networks Limited as a Ponzi scam. SEC said Tine God Networks Limited claimed to be an Investment Company that engages in Business Development in Commercial sectors of the economy and also issues bonds to raise funds for its investment activities.

Dualfunds is one of those time bombs that will soon explode and collapse.