Ponzi Scheme

Why Cashclubing ponzi scheme is dangerous
Ponzi Scheme

Why Cashclubing ponzi scheme is dangerous

Cashclubing is another money double ponzi scheme out there. It comes with the norm of providing help and getting help as the term goes. Upon registration, participants are encouraged ‘provide help’ to another individual with the hope of getting a return including 200% interest. The scheme is said to have […]

Italy raises fraud alert on Coinspace Ponzi scheme
Ponzi Scheme Scams

Italy raises fraud alert on Coinspace Ponzi scheme

After carpeting OneCoin and declaring it illegal, Coinspace Ponzi scheme has been added to the illegal investment list by Italy’s National Commission for Companies and Stock Exchange, CONSOB. CONSOB is the Nigerian equivalent of the Securities and Exchange Commission, SEC. The commission said after its in-depth investigation, it has concluded […]

Who has Naijapay ponzi scheme empowered?
Ponzi Scheme

Who has Naijapay ponzi scheme empowered?

Interesting how many of these ponzi schemes come up with names, Naijapay is another peering platform. In this scheme, participants have an opportunity of doubling their funds according to the information available on the site. Ponzi scheme promoters often paint their programs as the messiah and saviour from poverty and lack. ‘The […]