Nothing golden about Goldearn ponzi scam

Excellent finance

Like the saying goes, in Goldcoast, gold does not lie enticingly as there is need to till the ground but, GoldEarn poses to the the golden chance to financial freedom.

Goldearn is a recently launched ponzi scheme with claims of humanitarian and financial empowerment as its sole aim.

It works just like every other ponzi out there requesting investors to put in some amount of money and get certain interest on their investments. According to the information available on the site,  ‘is a mutual donation community where you get Instant Cash with naira. Just saying! you make donation to someone, and you receive donations of 100% of the donation you made. When a member registers free of charge, the member will have 24 hours (1 day) to donate a fixed amount of Cash to a member to be matched. This is a one-time donation. Once you complete your donation, You will be matched with two members to donate the same amount you donated to you. You don’t need to refer someone before you receive your money.

From the above citation, it is evident that the strategy and execution is the same as other programmes boasting to want to create a financial community within a few hours all to woo investors.

On its site, here is the message to its investors or prospective members. GoldEarn is a community, a family that is set in place based on a fundamental principle of mutual trust to achieve a collective goal for the interest of every member of this financial community.

GoldEarn is a financial community that was designed to bring to life a productive and beneficial means of communal help and collective financial cooperation that helps every member of the community upgrade their finances through communal contributions between members.

A humanitarian platform carefully orchestrated to help individuals in the community swim above the uncaring waters of poverty and financial dependency.

We have provided a very stable and reliable platform where members are required to donate money to each other for mutual benefits and interests.

What exactly have they been able to create? They have been able to create a system robbing people to pay other people. That is what is existent here on the platform.  The scheme majorly encourages laziness and hope of reaping where you have not sown.

More so, the number of Nigerians who have lost their hard-earned money to schemes such as this cannot be over-emphasized. Hence, it is advisable to steer clear all ponzi schemes like Goldearn who come with golden promises.

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