There is nothing kind about Kindgivers ponzi scam. It is peddled as a 2:1 forced matrix promising investors 100% returns on investment by its prospective investors.
It is very similar to all other Ponzi scams out there. The system operates with the provide help and get help paying format.
The scheme offers different packages where you invest NGN5,000 to get NGN10,000 in returns, NGN10,000 to get NGN20,000,NGN20,000 to get NGN40,000 in returns ,NGN50,000 to get 100,000,NGN100,000 to get NGN200,000 in returns.
Kindgivers is described as Kindgivers is out for the consolation of the financially freaked masses with the hope of salvaging our stress as transparency, truthfulness and collective responsibility will be our watchword. Sincerely assist someone and surely you will be assisted. Says the message on its website.
This is how Kindgivers purportedly operates ”Having downloaded your bank app in your smartphone. And you have your money ready then go ahead to register in the site.
Investors will need 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).
They claim that the “Rescue Forum 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. All donations are made directly to member bank account”.
You have no guarantee that you will get you money back. The domain name was set to private. The domain name was registered on the 7th of March, 2017. They have also hidden their identities from the public.
This scheme is not just illegal but a scam that will leave many people losing money.