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Another ponzi scheme, involving blockchain
19 Jan 2020 (31 views)

Someone said.

I have a friend who invest in a digital bitcoin website blockchain advertising business, they promised him a payout of 2% per months , meaning he will get 24% per year ! This looks perfectly a good investment.

But he did not really know how this business really can delivers the returns as these returns are projections based on the company leaders self claim they can do it easily without showing how they can consistently deliver the results in a safe and sustainable way in long term.

Not long after he invested in his high hopes investment, he saw his investment value has achieved a 200% over a period of time . Later , he was encouraged by the company leaders to recruits members like him to join in and earn the rewards to invest in this scheme. The new recruits was also able to see their returns every month, but they cannot withdraw the money for the first two years but can see the value in digital figures. He also earns their joining fee.

He was so happy and wanted to cashout the investment for his children education in a local university. Little did he realize in digital sums in the Statement showing his 200% increase value that states he can withdraw the money after a promise minimum lock in period. He tries to withdraw the money, the system denied his request, mentioned the server is down and the company leaders mentioned that they are trying to rectify the issues. Months has passed , he still couldn’t withdraw the money inside .

The D - Days comes But was too late. He tried to call the office about the investment in the digital bitcoins on how he can get all the digital money out but only discovered that the telephone number is not in used and the office is closed. The company leaders which he keep in touch also went missing eventually!

Moral of the story, there is no such things of safe investment when comes to unqualified valuation and investment returns that are too good to believe in! In short, if you are promise a Mandate, and the mandates are part of the always changing mandates according to the company policy as part of the investment mandates, you should always beware the Risk? How True ?

MY COMMENT - Hello, this is a ponzi scheme. The promoter take the money from the later investors to pay the attractive return of the earlier investors. The ponzi grows in geometrical proportion. When the promoter has made enough money, he disappear with all the investments. The investors lost all of their money.

 


Another ponzi scheme, involving blockchain
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Someone said.

I have a friend who invest in a digital bitcoin website blockchain advertising business, they promised him a payout of 2% per months , meaning he will get 24% per year ! This looks perfectly a good investment.

But he did not really know how this business really can delivers the returns as these returns are projections based on the company leaders self claim they can do it easily without showing how they can consistently deliver the results in a safe and sustainable way in long term.

Not long after he invested in his high hopes investment, he saw his investment value has achieved a 200% over a period of time . Later , he was encouraged by the company leaders to recruits members like him to join in and earn the rewards to invest in this scheme. The new recruits was also able to see their returns every month, but they cannot withdraw the money for the first two years but can see the value in digital figures. He also earns their joining fee.

He was so happy and wanted to cashout the investment for his children education in a local university. Little did he realize in digital sums in the Statement showing his 200% increase value that states he can withdraw the money after a promise minimum lock in period. He tries to withdraw the money, the system denied his request, mentioned the server is down and the company leaders mentioned that they are trying to rectify the issues. Months has passed , he still couldn’t withdraw the money inside .

The D - Days comes But was too late. He tried to call the office about the investment in the digital bitcoins on how he can get all the digital money out but only discovered that the telephone number is not in used and the office is closed. The company leaders which he keep in touch also went missing eventually!

Moral of the story, there is no such things of safe investment when comes to unqualified valuation and investment returns that are too good to believe in! In short, if you are promise a Mandate, and the mandates are part of the always changing mandates according to the company policy as part of the investment mandates, you should always beware the Risk? How True ?

MY COMMENT - Hello, this is a ponzi scheme. The promoter take the money from the later investors to pay the attractive return of the earlier investors. The ponzi grows in geometrical proportion. When the promoter has made enough money, he disappear with all the investments. The investors lost all of their money.