SEC-S17W3- "Let's talk about Ponzi scheme".

picture from my Ponzi scheme site

The picture above show the investment scheme of a ponzi scheme. Last year December I made fifty thousand naira(58,000) in a ponzi scheme which is about steem. How do I make the money? the platform claimed to be legit platform and people investing in it, I invested eighteen thousand naira 18,000 in which I made approximately 58,000 before they disappeared, don't worry i will share the full story, make sure you follow up to the end.

Do you know about ponzi scheme or maybe you'll like to ask; what is ponzi scheme? You're actually right because I ask the same question too. Ponzi scheme are those platform, or investment who claims to be legit meanwhile they are fake, their mission is to defraud the investors with their money. What am I trying to say? Any platform who doesn't run legitimately is a ponzi scheme, it's very popular today, it's can be in real estate and they come with different strategies. Now I will share my experience with you all about ponzi scheme.

Not only I heard, I have seen, I have invested, I have benefited and I have loss to it. I head of the popular one which is MMM, but I dont know much about that one because I was still a kid. Last year, a female friend of mine introduced me to a platform called hive. They were into mining, you buy a mining machine and you'll be getting your daily income.

The second one was scoular or scoultol, who also claim to be legit platform, they invested in agriculture, like rice, beans, garri, cassava, maize and so on. This product come in different prices and daily income, the higher the product the higher your daily income.

I also joined bee bike who deals in bike and bicycles. This one offer free product, allowing you to earn 100 naira everyday, i accumulate the free product up 2500, which I used to invest with them, I made an interest of 10,000 in that one. The Fourth one is DDB(Dorley Dane Bernbach) which is still running. Others are Samsung, J.J.Wine, cheil, Jbr etc.

Screenshot from my ddb app

Like I said, I invest in hive, and I was able to make my capital faster through referral. when you refer someone to the platform, you will automatically earn commission daily from the person. I joined hive last year October and it's lasted for one month.

I invested in scoultol or scoular while hive was still running, I invested 18,000 in it and I made 58, 000. the platform lasted for 6 months though I joined after 3 months. I haven't loss to it because I recovered my capital and my interest before it's disappeared.

While still in scoultol *I joined Samsung, this one was the painful one because it didn't last up to 3 weeks. I invested 7,000 because I wasn't too sure whether it going to last, and I withdraw only 1500 from it before they disappeared.

screenshot from my ddb app

After Samsung I began to lose interest in Ponzi scheme, but at the same time, I was seriously looking for money, so I decided to join DDB which is still running but I have not invested in it. My friends has been cash out in it. when investing in Ponzi scheme, your mind can Never be at rest, It's just a temporary enjoyment because you don't know when it will end. This is from my friend Benny👇

picture from my friends mobile

Ever since I come to know steemit, I stop participating in any Ponzi scheme platforms, because my mind is safe unlike when investing in there.

Don't quote me wrong when I said I invested in it till now, there's a different between knowing a scam platform and taking the risk to invest in it. From the very beginning, all the investors there are aware that one day, they'll surely go. We only take the risk and sometimes it favour us while sometimes we loss. Before investing, we will do some research before investing when though we know it's still a ponzi scheme. Let me show you how to detect a scamming or ponzi scheme.

✅The address and location; if a platform or investment is running legitimately, their address and the location of the company will be visible. Not yet, because when I was in scoular, they fake a certain location in their address, a warehouse in kanu state. What am I trying to say, you need to confirm the address, is it truly where the company is?

✅They will have a government Approve certificate; this one too is also a way to know a legitimate platform, they must surely register by government. Scoular platform present us with a certificate that the government has approved their activities in the state, why do they disappeared? moral lesson, verify it.

✅They will make sure the convince you to invest, stating the benefits you'll gain when you invest with them, they will use all this online banking which is very difficult to trace it. Invest 1000 today and make 10,000 in one week with no risk, it's them , be cautious❌.

A legit platform will not pressure you to partner or invest with them. They will not promise high return with no risk and their location and address will be transparent.

What do you say🙄? If steemit was a ponzi scheme, by now, we wouldn't have heard anything about it again, and secondly, no one has come out to say, the ask him or her to invest on STEEMIT, steemit is a unique social media and it's pays or rewarded it's users for creating quality content. The story of steemit is very easy and clear because it was founded 2 gentleman Ned Scott and Dan Larimer in 2016 as a blockchain-based social media platform. You and I earned cryptocurrency rewards which is steem just by to creating, curating and voting content on the platform.

In conclusion, I don't advice anybody to do any Ponzi scheme because no way how, you must regret it, focus on legit platform like steemit, make sure to verify a platform before investing with them, this also applies to real estate investments.

I invite @alli001, @saintkelvin17, @mesola, @goodybest, and @bossj23

*Cc;@hive-181136

Best regards@mhizta