THE EMERGENCE OF PONZI SCHEMES IN NIGERIA.
A PONZI scheme is a fraudulent scheme where earlier investors are paid with the money taken from new investors, giving the impression that the scheme is a viable investment. Different Ponzi schemes have been in existence in the Nigeria for the past few years. Many people have been in one way or the other been swingle of their hard earn money. Ponzi became so popular in the earlier 2015 with the entrance of MMM scheme. The pulse in the MMM scheme set in motion the emergence of many scheme like madness in Nigeria.
Nigeria is a great country where anything drives, we have many people of high intellectual capacity who are ready to make do with anything in as much as money comes out of it .Ware are hard working and go boldly for what we need. This kind of energy was put into creating and participating in Ponzi. Within the space of less than a year it could surprise you to know the numbers of new Ponzi sites that came out. The participation also doubled up. The creation of this site was not only limited to Nigerians only, people from other countries studied our psychology and began to project some Ponzi of 100% yielding to us. It may interest you to have a look at them again in their numbers.
AFTER MMM BREAK
2017 NETWORKS(IN LESS THAN 2 MONTHS)
- tetrismart.com
- supercash.com
- wexpress.biz
- nairapropeller.com
- slimpro-nigeria.net
- cashcolonyplus.com
- my.thehelperclub.com
- 4waycash.com
- donationhub.net
- 247helpers.org
- paymatch.org
- frenzypay.com
- luvwealth.com
- springcash.com
- naijapay.net
- doublepay.com
- btcriver.com
- stablecashout.org
- nairanation.com.ng
- twinkas.com
- farewealth.com
- kaynation.com
- nairaxpress.com
- cashnaira.org
- cash4cash.net
- claritta.com
- Alwayspays.com
- bigbankalert.com
- tripleit.com
- moniebox.me
- deinvestors.com
- paymatch.com
- makenaira.com
- doublecash.me
- thriftonweb.com
- paycycler.com
- fundniche.com
- divinetfund.com
- paydonor.com
- ogive.com
- somapay.com
- moneybox.com
- quickmoney.com
- liftcareer.com
- cashblaze.com
- loopersclub.com
- reeleef.com
- goldbox.club
- Stablecashout.com
- netelites.org
- bigbankalert.com
- donorhub.net
- instantfunding.org
- bumpercash.com
- unitydonations.com
- cashflip.me
- steadalert.org
- nairatab.net
- buzzpay.net
- cashex.org
- clockrich.com
- excelpayer.com
- alwayspays.com
- squarepay.org
- tmtcash.co
- wealthconnect.ng
- pekunias.org
- looseallomoni.com
- slypay.org
- bitmoner.io
- redemptioncash.com
- nairadrift.com
- nairarush.net
- cashreloaded.com
- fishers.com
- penihub.com
- safewealth.com
- theachievas.com
- paywellclub.org
- wealthhelpers.com
- goldpayng.com
- easyblazing.org
- smartprimewallet.com
- maxclub.org
- getawoof.com
- inspirinig.com
- quadpay.me
- paymenaira.com
- el-earners.com
90.kingsmen.me - bestpaga.com
- clockrich.com
- royalbills.com
- citifund.org
- abcdonor.com
- clickwealth.com
- naracle-ng.com
- pearlcashflow.com
- cashgram.org
- silverpay.com.ng
- silverpay.com.ng
- monibucket.com
- xtrafinance.com
- helptobank.com
- blonzap.com
- cashbearer.net
- popcash.com.ng
- nairaguru.com
- cashgivers.com
- cashgivers.com
- cashin3.club
112.gainmore.net - cipxwealth.com
- sharppayout.com
- 3xcash.club
- wealthpump.org
- spreadcash.net
- growtogrow.com
- betapay.com.ng
- fastearners.org
- switpay.com
- iniroots.com
- granddonation.net
- peercycler.net
- liquidcash.org
- pondsee.com
- smoothnaira.org
- btcinvestment.co.za
- mapurse.com
- cashground.org
- slickwealth.com
- softearner.com
- quickcharity.com.ng
- 1goalfunding.online
- Wellapay.com
- Doublenaira.org
- Farepays.com
95% of them have crash, the rest will follow suit.
The spirit of Ponzi is like that of gambling. When you lose to one scheme one would think of joining another scheme to recover quickly. The more money you get from others Ponzi, the more to greed to get more. You would never see I coming until your hard earned money is wiped out completely.
If Ponzi scheme is not stopped be the government, it soon falls apart for one of the following reasons;
The promoters vanish, taking all the remaining investment money.
The investors panic and take out their money leaving some to loose.
The investment slow down, the scheme collapses.
Sharp decline in the economy makes investors to withdraw part or all their investment.
What makes Ponzi scheme drive?
From history and the instincts in man, he has been in strong quest of getting more and more. Some of the reasons for Ponzi flourishing are as follows;
Greed
An insatiable appetite for more
The culture of risk taking
Unreasonable gullibility . Gullibility is the tendency to believe without reasonable evidence.
Unjustified trust.
Making money online is not a crime,in doing that we must enter the market with our thinking caps on. My advice is that we should do our research thoroughly before venturing into any online business. No Ponzi scheme would ever accept that the scheme is such. Ponzi has come to stay, we just have to open our eyes. The emergence of cryptocurrencices would make the scheme to flourish as we now have better ways of making payment.
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