It seems we cannot get enough of pyramid schemes, DualHelp ponzi scheme recently launched, promising 100% returns within 1-3 days.
The mode of operation is provide help and get help format, where a participant donates a certain amount to another participant within the scheme after which the former gets in queue to be help.
“The scheme is developed by a group of DualHelp was founded by a team of enthusiastic humanitarian specialists who wanted 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 service” says the claims on the website. Meanwhile, there is nothing humanitarian about these folks because they only want to fatten their bank accounts.
The scheme offers different donation options ranging from 5,000,10,000,20,000,50,000 and 100,000. When you donate any of these packages to a fellow participants, the person confirms you which automatically put you in line to receive from another participant also and the trend continues like that.
The disadvantage of these kind of scheme is that once there are no more newly registered, payment will become slow and will eventually stop because the system does not generate money from anywhere else. It is only the first few people that register early that will benefit after the administrators have taken larger part of the investments.
On the website are automated testimonials of supposed beneficiaries, findings have revealed that these testimonies are not real, they are just a medium to convince people to register with the scheme, most of them are even paid to write them just the same way they are paid to advertise the scheme on whatsapp and telegram groups.