You might have come across some websites wishing to help you make fast money!
Well most of em are ponzi schemes!
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.
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
FAKE PONZI SCHEMES IN NIGERIA 2017
1. Pay donor
2. O give
4. Money box
5. Joyful donor
6. Quick money
7. Helping community
9. Help forum
12. Help community
13. Spring cash
15. Our social wallet
17. Divine fund
18. Double Cash
20. Fund Niche
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
31. nairapropeller and more
Yet to be created.
Note if you have any, which is not listed, kindly notify via the comment box !
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