Posted in Ponzi Scheme

Emiratefunds is just another ponzi scheme among too many

 March 9, 2017
Emiratefunds

It could be said that the idea of money doubling in a couple of hours or day has been the order of the day, and that is what Emiratefunds is also selling to individuals who are interested in ponzi schemes.

The platform is said to have been founded by a team of enthusiastic humanitarian specialists who want to overcome the routine and create a platform that would act in the market not only for business success but for the sake of humanitarian and financial empowerment services.

Well, this is a common feature among all ponzi sites, they all claim to have the interest of their investors at heart which later turns out to be the opposite. The promoters of Emiratefunds also tout themselves as being entitled to building millionaires. Really?

Furthermore, Emiratefunds claim to have set out a unique platform to double investments. The question is how? For many Nigerians who really do not have an idea how this ponzi schemes works, here is a bit of eye opener.

Upon registration on the site, you would be required to send some amount of money and in return you get double the amount you have invested within hours or given number of days.  You invest and get back your money with 100% interest rate within the moment your payment was confirmed till 10days. The promoters of the scheme will also give you words like ‘invest with your spare money’. It is all lies! Just mere words to cajole and make you see reasons why you should. Do you really want to double your money without woubling your hustle?

Unfortunately, schemes like Emiratefunds only last a few weeks or month and thereafter crash due to reduction in re-investment. That is, those members who have been paid with other people’s money never return to the site as they have benefited from the national cake.

As it is often said in local parlance, ‘awoof dey run belle’, don’t be caught in the web. Many have come and gone all in the name of doubling your money.

 

1 thought on “Emiratefunds is just another ponzi scheme among too many”

  1. In my own view, it no more doubt dat most of ds ponzi s scam in which d admin may av central acct dat all d participants may b making donations to of which we wll not knw quickly, so as 4 m I thought n i advised every intending individuals to ignore ds platform tnks alot, talking 4rm experience but f ppl doubt m den shud go ahead try it.

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