Investment and Trading Ponzi Scams Running Actively on Twitter and Telegram

Are you feeling popular? There are so many private messages from random people talking to you. Too friendly to be true? Yes it is. Most of them want you to join their referral program. Behind the referral program is a multi-level investment platform scheme that can get you a daily ROI of 10%. Please stay away from them, most likely they are a ponzi.

Who is ponzi and what is ponzi?

Charles Ponzi (/ˈpɒnzi/, Italian: [ˈpontsi]; born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 18, 1949) was an Italian swindler and con artist in the U.S. and Canada. His aliases include Charles Ponci, Carlo, and Charles P. Bianchi.[1] Born and raised in Italy, he became known in the early 1920s as a swindler in North America for his money-making scheme. He promised clients a 50% profit within 45 days or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors. While this type of fraudulent investment scheme was not originally invented by Ponzi, it became so identified with him that it now is referred to as a "Ponzi scheme". His scheme ran for over a year before it collapsed, costing his "investors" $20 million.

Ponzi may have been inspired by the scheme of William F. Miller (also known as "520% Miller"), a Brooklyn bookkeeper who in 1899 used a similar deception to take in $1 million.

(Source: https://en.wikipedia.org/wiki/Charles_Ponzi)

What is a Scam?

A scam is designed to trick you into giving away your money, personal details or data by offering an attractive deal or false information.

How do you identify them?

1. Profile Picture: Usually picture of a wonderful looking person.
2. Location: They will say U.S.
3. Language use: English (very broken English for an American)
4. Attitude: Very friendly in the beginning. Pestering (just like the MLM, Ponzi folks). They try to talk 'your lingo'.
5. After telling them you are not interested, they will still pester you.
6. Usually, they get pissed off and make you sound like "You are an idiot, this opportunity is hard to come by."
7. If you decide not to block them, on and off they will send you messages like their manager is god-like. They received a 5 figure paycheque.
8. Send you videos of their "clients".
9. All these are usually done via private messages.
10. High ROI. Better than your private banker. Sometimes guarantee returns.

A typical example of being friendly:

(Source: https://twitter.com/anndylian/status/1239233226322800645)

Telegram identified scam:

When you see these alerts from the bots, please beware.

High profits alert:

Do not contact or click on the links when you see such alerts.

Spread awareness and stay united against scams. There are many kinds of scams in the market. If you are in Singapore, I would suggest signing up at https://www.scamalert.sg/ and share your stories.

When unsure, do not engage in conversation with the possible scammer. Seek help from your lawyers, friends and family when you encounter such scams.

"Impact investing is changing the world. Scam investing make your world upside down. " - Anndy Lian.