Thursday, February 2, 2017

31 Fake Ponzi Schemes in Nigeria You Should Beware of

   
   
Still want to join more Ponzi Schemes this year? Maybe you are confident of making extra money after a successful first trial or someone else is persuading you to join one of them and make big money within a short time period. Ponzi schemes are now rampant in Nigeria as we are seeing emergence of new ones even after what MMM Nigeria participants are currently passing through. This is why we compiled this list of fake ponzi schemes in Nigeria as of this year. 2017

However, before we proceed, shall we see the definition of a Ponzi scheme? In this article, we have included two most popular definition for the term as you can see below.

First definition: It's a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.

Second Definition: It's a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.

Credit goes to Wikipedia for the definition which incorporate all the words and terms to reveal the true meaning of Ponzi.

The word Ponzi was originated and named after Charles Ponzi. He died in the year 1949. He was the first man who carried out such a fraud in the year 1919–1920.

This type of business started gaining grounds in Nigeria in 2014 but increased drastically in 2016 as millions of Nigerian youths and even the aged people joined one scheme or the other in order to make quick money. No thanks to the poor economic situation and non availability of jobs for the youth.

One funny but interesting secret about this ponzi stuff is that most of them pays. In fact, many people have become millionaires through Ponzi schemes but why are some people not favored or scammed on it? The reason is because the real beneficiaries of any ponzi scheme are the pioneers (those that started it) once the scheme grows very big, the new members pays with their money unknowingly.

So we have carefully listed some of the Ponzi schemes in Nigeria that are not working properly. These schemes have been reported by many people labelling them scam because they didn't get back the money the threw into the platform so we also label them as scam. So beware before you join any of them.

FAKE PONZI SCHEMES IN NIGERIA 2017
1. Pay donor
2. O give
3. Samapay
4. Money box
5. Joyful donor
6. Quick money
7. Helping community
8. Paydoublers
9. Help forum
10. Nairapayout
11. Greenspeer
12. Help community
13. Spring cash
14. Cashblaze
15. Our social wallet
16. Kaynation
17. Divine fund
18. Double Cash
19. Waxpress
20. Fund Niche
21. Paycycler
22. Peer to peer
23. Thriftonweb
24. Paymepayyou
25. Oil pot exchange
26. All the 24h and 48h. This Ponzi is based on Whatsapp named Whatsapp PH and GH. Created by a Nigerian guy.
27. Ultimate cycler
28. Run from any name that has cycle or cycler
29. ncycler
30. smile2charity
31. nairapropeller and more i can't recall now and more yet to be created.

Note that some of them were paying well initially but as some point, they stopped and peoples money were trapped up till now. Example is ultimate cycler which has gotten thousands of negative review from Nigerians since November last year.

Although, MMM Nigeria and Twinkas are still confirmed paying, as at the time of this publication, you should also think twice before joining.

Meanwhile, MMM West Africa is still among the few schemes that are working at the moment as people are PHing and GHing but who knows when it will crash like others. At least it's a new scheme and new participants are those enjoying it for now.

Have you ever been scammed by any ponzi scheme? What's the name of the scheme let's know here and direct.
   
   
   
Get Our Hottest Updates via SMS. Kindly SMS FOLLOW WIZYTECHS to 40404. On Any Network. It Is Totally FREE. Download Our Android App From Playstore HERE
To Submit Your Guest Post Or Sponsored Article, Enter HERE. Click HERE To Join Telegram Group
wizytechs blog-bg
   
   

SHARE THIS

Author:

WizyTechs Is A Top Tech Blog That Provides Affordable Browsing Solutions, Latest Smartphone Reviews, Tweaking Guides, How TOs, Business Tips, Blogging Tricks And Overall Optimization Of Your Phone/PC For Better Performance. Continue Visiting This Blog For Latest Free Browsing Updates. Join Our Social Media Platforms Below

Get Browsing Tips Today From Wizy
Follow us:
facebook twitter gplus pinterest rss

60 comments:

  1. Those greenspeer ehn, they came online on the 19th of december 2016 and went off 19th january 2017 meaning the hosting they paid for is just for one month

    ReplyDelete
  2. chai! its a risk
    really appreciate dis wizy

    ReplyDelete
  3. wizy get help worldwide is still the best ooo because its been paying i no know y u no add am fr beta schemes. in case you wanna know more about ghw contact me 09094054055
    or also chat me up on whatsapp.

    ReplyDelete
  4. Wizzy how genuine is GetHelp worldwide

    ReplyDelete
    Replies
    1. There has been mixed reviews on the platform. While some people are testifying it's working fine, some others are regretting why they joined.

      Delete
    2. Mixed review I have perceived come from two type of schemes running here in naija but are all categorized as ponzi schemes.

      However, all are plagued with the tendency of collapsing due to individual financial differences, wants and needs.

      Some groups are adopting stringent measures to isolate their operations from ponzi schemes. I call them "ponzi scheme (naija style). Have been doing researches on these two factions for quite a while now...

      FASTEST RECESSION GETAWAY PLAN (PART 2) http://oliverofthings.blogspot.com/2017/03/fastest-recession-getaway-plan-part-2.html

      Delete
  5. Buh have never been Fan of those kinder stuf

    ReplyDelete
  6. What about xtra finance?

    ReplyDelete
  7. Ghw... Gethelpworldwide.com is the bomb

    ReplyDelete
  8. gethelpworldwide is the best so far...its the most organized helping site. I will recommend anyone to join....(07068795709 for more details)

    ReplyDelete
  9. i have learnt my lesson.....if paraventure mmm nigeria pays my money.....infact, i dnt tink i will try n of dis ponzi scheme again....cos deh can crash any fucking time. Be wise

    ReplyDelete
  10. Gethelpworldwide is d only one that can withstand d test of time. You can register https://gethelpworldwide.com/?ref_id=308939-Mubarak_Muhd nd then pm on whatsapp for more info 08031323258.
    You can register nd see testimonies in d site. It's d best i tell you

    ReplyDelete
    Replies
    1. MYSURECASH IS THE BEST PLATFORM FOR 2017 .BECAUSE YOU EARN 50% PLUS YOUR CAPITAL IN JUST 28DAYS.
      Mysurecash gives,30$,60$,90$,120$, as first time registration bonus once you register and provide help base on the amount of money you wish to donate.
      HOW#MYSURECASH WORKS.
      You visit, https://www.mysurecash.com. to get registered, please use my email ID link, akpevweaustine@yahoo.com. as your Referrer email.
      You can still call or whatsapp me for more clarification on 08033678725.

      Delete
  11. I know some if them might not heed to this.

    ReplyDelete
  12. my sure cash is de worst only 2000 people are allowed to withdraw fake fake fake e go crash soon but get help worldwide I respect them u can join dem today b4 it is too late
    08141589400

    ReplyDelete
  13. my sure cash is de worst only 2000 people are allowed to withdraw fake fake fake e go crash soon but get help worldwide I respect them u can join dem today b4 it is too late
    08141589400

    ReplyDelete
  14. MMMNIGERIA IS STILL PAYING AND WILL MATCH OUT FULLY, SOON. GET HELP WORLDWILD ARE STINGY,

    MMM STILL PAYS ☺

    ReplyDelete
    Replies
    1. stingy with what??? 30% ?? you re the greedy type and will eventually loose in he end...continue

      Delete
  15. Exearn pays (I got paid within 5-7working days) - http://exearn.net/home/ref/20901
    #4,000 to register and still the same amount for every upgrade to the next level throughout till level 5

    Tetrismart pays too - http://www.tetrismart.com/register.php?ref=Unclesam01
    #10,000 to register
    I got matched within 2-3days, inwhich you're meant to earn #50,000 but you'll be matched with 3people at once then the system automatically upgrades you to level 2 with the remaining #20,000. You then wait for level 2 payments.

    ReplyDelete
    Replies
    1. I registered with exearn since 24 of january up till now they have not match me

      Delete
  16. never been a fan of all this schemes but for now am enjoying twinkas, goto the site and read thru and if u decide to register u can use my referral https://twinkas.com/twink/nellyginika

    ReplyDelete
  17. Naracle pays (I registered yesterday and got paired within 6-8hours with 3 downlines and the remaining 1downline today) - www.naracle.net/register.php?r=unclesam01
    #1,500 to register in Level 1. Hurry now, its still new.

    ReplyDelete
    Replies
    1. Their site is not opening now. They should improve on their site if they are really serious

      Delete
  18. Naracle pays (I registered yesterday and got paired within 6-8hours with 3 downlines and the remaining 1downline today) - www.naracle.net/register.php?r=unclesam01
    #1,500 to register in Level 1. Hurry now, its still new.

    Exearn pays (I got paid within 5-7working days) - http://exearn.net/home/ref/20901
    #4,000 to register and still the same amount for every upgrade to the next level throughout till level 5

    Tetrismart pays too - http://www.tetrismart.com/register.php?ref=Unclesam01
    #10,000 to register
    I got matched within 2-3days, inwhich you're meant to earn #50,000 but you'll be matched with 3people at once then the system automatically upgrades you to level 2 with the remaining #20,000.

    ReplyDelete
    Replies
    1. Naracle is nothing to write home about. @olurofemi stop deceiving people. Lier.com. I and my friend registered over 3wks now, they matched me with one person after one week, my friend have not been matched till this moment.

      Delete
  19. Naracle still pays
    www.naracle.net/register.php?r=mawunmie01

    #1,500 to register in Level 1. Hurry now, its still new and based on a first come first serve policy.

    ReplyDelete
    Replies
    1. Naracle is a nightmare, I join them over 2 weeks now, they matched me with just one person after a week, since then till now thing. Pls don't join forget about what all this lier.com are saying.

      Delete
  20. Gethelpworldwide is so organized and it's going to last long because of their strict laws attached to it want to join My Referral ID : https://gethelpworldwide.com/?ref_id=159500-Ezekwueme_Joseph_Chimaobi or whatsapp me or call 09067306172 to give you more info about this wonderful program.

    ReplyDelete
  21. Please wizy permite me to post this on my blog. This is interesting

    ReplyDelete
  22. Please admin add http://alwayspays.com (AlwaysPays) in the list of scam ponzi schemes. I did the N12,500 level 1 subscription, quickly matched to someone, paid him the 12,500. I opted to go to level 2 and got matched to someone, payed him N33,600. I never got any rewards. So I N46,100 this morning I checked their site and all I saw was SITE CLOSED DOWN/SUSPENDED. My money all gone with the wind!

    ReplyDelete
  23. CashGrower(Do the #5000 package, its the fastest) - http://cashgrower.net/register/unclesam01

    WELCOME TO NARACLE
    www.naracle.net/register.php?r=unclesam01

    Make #6000 within 48hours, up to ₦40,000 in less than 7days with just ₦1,500 and up to ₦640,000 in less than 1(ONE) Month

    Tetrismart - www.tetrismart.net/register.php?ref=Unclesam01

    ReplyDelete
  24. CashGrower(Do the #5000 package, its the fastest) -
    http://cashgrower.net/register/unclesam01

    WELCOME TO NARACLE
    www.naracle.net/register.php?r=unclesam01

    Make #6000 within 24-48hours, up to ₦40,000 in less than 7days with just ₦1,500 and up to ₦640,000 in less than 1(ONE) Month

    ReplyDelete
  25. CashGrower (You can run either the #5000 or #20000 package(s), they're the fastest) -
    http://cashgrower.net/register/unclesam01

    ReplyDelete
  26. Invest on pairfund.com and get 200% of your money back within 2 days.

    ReplyDelete
  27. Givers Pride is the latest and paying fast. The earlier to get hold of this the better. Join and start earning
    www.giverspride.com

    ReplyDelete
  28. I have been payed and feel like sharing. Join Givers pride now while it is new
    www.giverspride.com/profile/register.php?ref=269

    ReplyDelete
  29. Givers corner. Com is a scam.
    The information on their site said it is a 24 hours get help platform.
    So I and my sister registered since 1st week of February, and up till now we are yet to be merged even after we paid our money almost immediately after registering.
    Pls you can investigate and research about givers corner.
    I'm sure that there are other victims.

    ReplyDelete
  30. Most of you are secretly paying the admin of other ponzi scheme without knowing.
    Why not get your own site and run it the way you like?
    If you are an admin or a member of any whatsapp group get your own Ponzi Site now like eg. mmm, twinkers, gethelp worldwid GHW etc. and have people ph to you that is the latest way of making money online now dont dull your self in this in 3 working days you get your ponzi site runnning smoothly price between 50k – 150k very cheap please call me if you are ready to have one instantly no too much questions, and please don’t call me if u are not ready and don’t have cash at hand…
    Contact me on
    *09067874359 (call prefarable)*

    ReplyDelete
    Replies
    1. You dey try oooo....I saw you on Kingston Dome the other day....#Wehdonesir

      Delete
  31. payandsmile.org just lunched.I have tested it and i actually smile to be bank.Try it and forget about Clo

    ReplyDelete
  32. why not try gethelpers247.com is new and paying fast, i just receive payment, please register through this link….. http://gethelpers247.com/register/refid/emudiacharles@gmail.com

    ReplyDelete
  33. Be financially free, join the people of freedom, log on to www.gethelpers247.com and start making cool cash, its for real.

    ReplyDelete
  34. Say no to Ponzi thats the spirit, for those of us who have been victims of ponzi, i am introducing a MLM network, with N5,000 at Level 1, you earn N1,300,000 at Level 3 and you get your product too. For more information/registration login to www.truevinenetwork.com

    ReplyDelete
  35. If ponzi was that bad I would be happy I still did one, ceazee.com was launch 15 may 9am and still rocking.

    ReplyDelete

  36. LAUNCHING!! LAUNCHING!!!

    CRADLEFUNDS.COM HAS BEEN LAUNCHED TODAY..

    THE SITE HAS BEEN STRUCTURED TO GIVE A 100% ROI TO IT'S PARTICIPANTS

    HOW IT WORKS๐Ÿ‘‡๐Ÿผ
    ๐Ÿ‘‰GET YOUR NUMBER VERIFIED
    ๐Ÿ‘‰ COMPLETE REGISTRATION FORM
    ๐Ÿ‘‰ PROVIDE HELP
    ๐Ÿ‘‰GET MATCHED AND MAKE PAYMENT
    ๐Ÿ‘‰ GET HELP WITHIN 5 DAYS MAX

    FEATURES

    ✅SSL security
    ✅100% ROI in 1 to 5 days
    ✅Package #12,500
    ✅GH in 1-5 days max
    ✅Instant rematch after payment time elapse
    ✅24/7 live chat
    ✅Number verification

    Register @ www.cradlefunds.com
    www.cradlefunds.com
    www.cradlefunds.com

    ReplyDelete
  37. Need a Ponzi site? Contact me now! There's the availability of
    1. Manual/Auto merging functions
    2. Comodo Security
    3. POP system
    4. Purge Button
    5. Email/Phone verification
    6. Unlimited bandwith
    7. Support Email and addon domains.
    Also, I'll help run adverts for the site after creating plus i can assure they'll be no glitches and also if you need a School, Church, Company website or an e-commerce website like Jumia and Konga or you need a personal blog or website, you can chat me up here on WhatsApp or better still call me on 09067874359.

    ReplyDelete

PLACE YOUR COMMENTS HERE