The outrageous promises of ponzi schemes comes to the apex with cashfreecommunity pyramid scheme promising 300% returns on investment.
There is nothing new in the operations of cashfreecommunity than the usual provide help and get help.
After registration on the website, a participant who is ready to provide help is merged with another participant who is in queue to get help to make payment of any package and after the confirmation has been confirmed by the latter, the former also get in queue to get help and the trend continues till the scheme collapse due to withdrawal of participant who have gained back their investment and bonus.
Cashfreecommunity offers different packages which includes NGN5,000, NGN10,000, NGN20,000, NGN50,000 and NGN100,000,with promise of 300% on individual packages you Join, you will need to donate the sum ranging from 5,000 to 100,000 to a fellow member assigned by the system, and the member will then confirm your donation and then the system will automatically assign other registered people under you who will also pay you the joining amount each, into your bank account, 40%. Cash Free Community will assign referrals to pay you within 24hours minimum and 7 days maximum. After you have received payment from people under you, you can re-donate again to keep the system moving. All donations are made directly to member bank account. Share Cash Free Community to people and make the world a better place”.
The promoters of the scheme describes it as “social financial network that frees its esteemed members to donate to one another and free improve the standard of living of the people by ensuring they gain their financial freedom. It is a systematic peer-to-peer donation system that see to change the lives of individuals. Referring others to the system is not compulsory but the community appreciates those who refer people into the system By using this platform, members can donate and receive from one another. Anybody from anywhere in Nigeria is eligible to join as long there is an interest of being financially independent”.
No ponzi scheme can give an individual the kind of wealth desired because they are all filled with greedy and self centered participant with the administrators being the first culprit of the scam.
It is better to invest in profitable business and get your profit bit by bit than becoming a tool to fatten greedy peoples’ account just because you want fast money.