Ponzi Scheme❗️

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Avatar for ADPM0811
Written by
4 years ago
In community: Filipino Readers(42bb)

Hello Guys! I just want to inform filipinos who are being fooled by scammers.

There are so many scam web applications that are being shared on facebook, and other social media platform apps not only in the Philippines but also on other countries. This includes Ponzi Scams and other easy money making scams.

Ponzi Scam

This is one of the most popular scams that I have noticed here in the Philippines. The way people get money in here is horrible. They invite people and get money from inviting them, while those who are invited get nothing in return. This is very saddening because those who invite their fellow Filipinos doesn’t even have much care about them despite knowing that you need to invite some people for you to have an income. This scam is like a pyramid wherein those people at the top are those who earn a lot of money by fooling people. They also use “words” that will attract people into making them join their platform. Avoid this kind of scam and inform all your fellow Filipinos not to join any platform like this. This includes forsage and other platform similar to this, they say that you get money from “spills” but in reality you don’t get any money if you just join.

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Comments

They are rampant today. You have done your best, it is left to those concerned to heed your advice.

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User's avatar Olad
4 years ago

It really depends on the participants. Most of them doesn't really know what might be the effect to them when they participate to those kind of platforms. What I want is to let them know the risks and what might be the result when they participate and invest money to such platforms.

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User's avatar ADPM0811
4 years ago

Your feedback is really appreciated.

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User's avatar Olad
4 years ago

Thank you so much dear for supporting me.❤️

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User's avatar ADPM0811
4 years ago

You are always welcome dear.

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User's avatar Olad
4 years ago

Both Ponzi schemes and pyramid schemes eventually bottom out when the flood of new investors dries up and there isn't enough money to go around. At that point, the schemes unravel.

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User's avatar enny
4 years ago

Thank you for sharing us a valuable information dear. Let us all help each other so that we can protect other people and prevent them from joining these platforms.

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User's avatar ADPM0811
4 years ago

Wow very amazing post thanks for sharing this information I like it

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User's avatar Falak.55
4 years ago

Thank you so much for you support dear. Stay tuned for more articles that I will write.

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User's avatar ADPM0811
4 years ago

becareful to the beautiful words that scammers promise you...scammers expert on that thing...don't believe on the post like picture of money,big house,luxury car...its a trap

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User's avatar MaeGun
4 years ago

Yes that's is true. I have seen one of the scam sites before. I think it's mining up. They showed their facilities which would really attract investors.

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User's avatar ADPM0811
4 years ago

Some of the Ponzi scheme are really good to work in and some of them are just scammimg website..They are only the name of Ponzi beside that they fool ebery peoples and recently i worked in forsage amd i dont know either it is scam or it is real and your article is so helpful and thanks for you for giving my words to comment here 😇

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User's avatar Sushmita
4 years ago

Thank you so much my dear for reading and supporting me. Please do some research until you get the best information you could for you to avoid such scams lurking on the web.

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User's avatar ADPM0811
4 years ago

Thanks for writing it. One must constantly warn against it. I wrote an article on how it works.

https://read.cash/@Telesfor/how-do-i-know-if-smart-contract-like-forsage-is-a-scam-e8772248

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User's avatar Telesfor
4 years ago

Thank you so much dear. I will try to include your link on my upcoming article.❤️

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User's avatar ADPM0811
4 years ago

i am also investing in HYIP, i get paid in some site without a downline. but there's a site (russian) i tried investing there, about $1 only, but it turns out to be a scam, they let you earn first but didn't get back what you invest, i message all my downline to do not invest, but one of my downline invest about $2 and i really feel sorry for him because he didn't read my meassage to him. Anyway i sent back the money he invest on that site. I gain profit on HYIPs and i always remind all of those want to invest that they must search about the site first, especially those long term HYIPs..short term HYIPs are really risky,and there's always a golden rule on investing in HYIP "ONLY INVEST WHAT YOU CAN AFFORD TO LOSE". do not put all your money on those sites and always be wise.

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User's avatar namnam
4 years ago

I have thought about earning at those sites too without investing but it comes with great risk. One must join at the earliest time and invite some people. The more invites the more income you have but the fact that we don't know until when they pay is the scariest part of it.

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User's avatar ADPM0811
4 years ago

that's why we always remember to invest only what we can afford to lose. when it comes to short term HYIP or hourly ..if you already gain profit then look for another site again.. don't reinvest..be wiser than them.

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User's avatar namnam
4 years ago

That's it dear. But try not tominvute other people without them knowing the risks.

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User's avatar ADPM0811
4 years ago

Mmm.thanks for this information to save us from the hands of scammers.In fact,I have encountered them soo many times and I have learnt my lesson. Now,i go online to check the reviews of those who have used the site before.When the site is a scam,people write their bad experiences. Most atimes,the problem is with withdrawing the money.When you try,you cannot withdraw the money.This is how I know use to separate the scam sites from the legit ones.Great write up. Kindly subscribe back.Thanks.

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User's avatar Kellykelly
4 years ago

When the time comes when you already cannot withdraw the money, it means that it is already not paying and it deserves to be called a scam. In some cases it says that it undergoes maintenance but in reality it's already gone. Sometimes they are really having a maintenance and on the second maintenance its gone already. I hope you get my point.😂

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User's avatar ADPM0811
4 years ago

Nice dear for upbringing this issue i was been also a victim of this scheme. From that experience i said to my self i will not going anymore to be fool by this kind of scheme.

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User's avatar thootzy713
4 years ago

I have been a victim of a scam, similar to this, Thank your for enlightening the newbies

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User's avatar Jesus
4 years ago

We should always be aware in everything we do especially when money is involved. As for those scammers, I'm sure karma will hit them someday.

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User's avatar WRTR
4 years ago

Yes dear karma will hit them someday. We should also spread awareness and all the things we know about the experience we had from scams.

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User's avatar ADPM0811
4 years ago

Nice one, thanks for saying the truth. Anything that has to do with referrals is a NO NO for me, and sometimes I wonder how people just think that you register in a particular site and just start earning from it, do they ever stop to think where they will be getting the money from or is there anyone in the world that has too much money and just decides to be sharing his/her to with you without you doing anything for them... The best way to earn money is to work for it not bring 10 to get 20. My thought though.

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User's avatar Bella24.
4 years ago

I think Ponzi scheme coordinators regularly guarantee to put away our cash and produce significant yields with no risk. In any case, in numerous Ponzi plans, the fraudsters must be blamed.

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User's avatar Lou1e
4 years ago

Those people who you call downline are the most pitiful ones.

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User's avatar ADPM0811
4 years ago

Bye the way why you upload naked profile picture. It look worst

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User's avatar Nihan
4 years ago

Sorry dear I think you should know the true meaning of the word you are saying.:)

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User's avatar ADPM0811
4 years ago

How to know if the site or app is a scam? First Google it or YouTube it and also read a review of the app that's all you need to see if that is actually a legit but we are Filipinos btw. Thanks for this article I hope some Filipinos will learn something about this article

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User's avatar Diedara89
4 years ago

Thats right. Scammers have been rampantly spreading now in social medias and notice they have ads in messenger too thats really annoying it keeps on popping out though I blocked and delete it already. One to mention that "Forsage",its really annoying.

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User's avatar chelout
4 years ago

Yes that's the sad reality dear. It is really hard especially at this moment we are facing a pandemic. People are finding the fastest and easiest way to find money but the truth is it is not as easy as that.

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User's avatar ADPM0811
4 years ago

And they really have the guts to scam people who have been striving to earn in decent way at this time of crisis..

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User's avatar chelout
4 years ago

I'm also a member of Forsage, I've paid Php 2,500.00 and Ethmatrix for Php 800.00. I agree that it's a ponzi scheme, or just similar to pyramiding. This is a no invites - no income platform. Luckily I got 2 downlines and get my money back. I don't have any invite at all, my upline just gave me 2 downlines. If you waiting for that "SPILLS" thing, it will take you forever to earn from that.

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User's avatar denzjam
4 years ago

Yes dear. The fact that it promised income without doing anything but investing is already a big no for me. You know people are expecting money from those platforms and they take note that you don't need to do anything other than just investing.

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User's avatar ADPM0811
4 years ago

Yes dear, it's a lesson for me. I should have done my research first before joining such ponzi schme - pyramiding platform. The platform look promising at first but as soon as I invested my hard earned money, I can't see any assurance of getting my money back.

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User's avatar denzjam
4 years ago

It's a pity you didn't read my article before. Warn everyone you know

https://read.cash/@Telesfor/how-do-i-know-if-smart-contract-like-forsage-is-a-scam-e8772248

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User's avatar Telesfor
4 years ago

Thank you so much for writing an article about this.

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User's avatar ADPM0811
4 years ago

I've already warned them and no one invested which is a good thing.

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User's avatar denzjam
4 years ago

That's okay dear. We should all learn from our mistakes and take note all of all we learned from that experience.

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User's avatar ADPM0811
4 years ago

Sure thing dear. I will check and research first jumping to any HYIP like that.

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User's avatar denzjam
4 years ago

Very good dear. Keep that up okay? That prevents you from losing money.

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User's avatar ADPM0811
4 years ago

Yes dear. Thanks dear. I will.

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User's avatar denzjam
4 years ago

They're alot of victims of scampany all over the internet nowadays we should be aware of circumtances that may happened, especially to those investment platformed. Better to research and study first before to join in any sites/apps for you to be safe

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User's avatar moneymakinghub
4 years ago

Yup , im a victim on that forsage thing . They said even if i dont invite other people i can earn passive income by spill over. Sad 😢 people now a days need to lie to earn money . Nice article .please spread awareness by keep posting articles like this . Thanks 😁

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User's avatar DoFla
4 years ago

Yes dear. I will as much as I can. I will check some sites too that are good for investing, while making sure that your money is safe. Thank you for the support dear.❤️

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User's avatar ADPM0811
4 years ago

I try to invest 2 dollars in a site called kovrita because many of them shows proof of payment but I didn't know that is a ponzi scheme. Be careful to invest specially to the newbies like me and those spend more than 5 dollars.

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User's avatar Ph.news-2020
4 years ago

That's really sad dear. Some sites even shows proof where you can be attracted at and make you believe that it is really legit and you will earn some money from it.

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User's avatar ADPM0811
4 years ago

is there any chance of cras the website ...if it happen then wht happened of our BTC

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User's avatar davidemma
4 years ago

I am sure that if you sent your btc to someone there is no other way to get it back unless they send it to you again.

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User's avatar ADPM0811
4 years ago

I experienced being scammed back then. There complan is nice that's why people attract to join but after a month the company will be closed.

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User's avatar Yen
4 years ago

Yes that's one of the most common schemes happening right now. Beware of similar sites apps or any way of earning like that.

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User's avatar ADPM0811
4 years ago

Only fools fall into this...

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User's avatar genc2015
4 years ago

I can't say that dear. We must educate people as someone who is aware and knows about these kind of things.

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User's avatar ADPM0811
4 years ago

Subscribers back please

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User's avatar rsrana4
4 years ago

Some of the filipinos still don't know that they are judt scams, wasting their time and their money. It's sad because we can't tell everyone that they are just scams.

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User's avatar Djgeloremix
4 years ago

That is really true dear. It is really hard to identify. Scammers are improving greatly nowadays. There are signs that will help you identify but still it is really hard.

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User's avatar ADPM0811
4 years ago

Ever since bitcoin has become popular a lot of Ponzi Scam came out and if you will notice there style is just the same , and yet this people still believe and invest so there is a problem in the community, these ponzi still live and take money from people and we can't blame these investors they need money, mostly right now because of pandemic

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User's avatar Xevera
4 years ago

That is one of the main reasons why I spread awareness and let as many people as I can to become aware of these scammycrap.

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User's avatar ADPM0811
4 years ago

It is best to be wise this days. There are so many scammers that are lingering in the internet. Everyone should be very careful

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User's avatar Breeenz
4 years ago

That is really true dear. We really need to be wise these days for us not to involved in these kind of scams.

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User's avatar ADPM0811
4 years ago

Yes. When it is too good to be true then i am sure it is a scam. Everyone should be aware that you cannot trust just anyone with your money.

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User's avatar Breeenz
4 years ago

I've been scammed many times, and now I learned from those scammers how to be very alert from them.

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User's avatar gerl
4 years ago

That was good to hear dear. Just be more careful every time that passes by they are improving.

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User's avatar ADPM0811
4 years ago

As a result, scams and scammers are rampant who want to exploit people who just want to make money and many fall victim to them. They have no conscience receiving moneys from hard - earned individuals. However, we need to be aware of it that as long as they are not forcing you Its you can decide if you wanted to get involved and prepare to lose than to win.

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User's avatar Joni.mondol
4 years ago

Amazing writing dear

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User's avatar Jack.rose
4 years ago

Beautifulll

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User's avatar Mostakim06
4 years ago

Darun likesen. Carry on.

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User's avatar Devbratoanu
4 years ago

It's kinda sad we're sorta conditioned to give the best to anything that gives us free money, though this is something that can be rectified by proper education of the scams.

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User's avatar RowanSkie
4 years ago

We should all be educated and to those who knows about these kind of scams should spread awareness.

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User's avatar ADPM0811
4 years ago

Considering some people are considering Cryptocurrencies as ponzi and pyramid scams, this is a good place to start.

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User's avatar RowanSkie
4 years ago

It really is a good site to start. You will know more about crypto and how they work by visiting some of the most known crypto enthusiasts in here.

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User's avatar ADPM0811
4 years ago

Why do they call it ponzi scheme though?

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User's avatar errolmoako I am a thief who steals articles and claim it as my own
4 years ago

This is it dear, The schemes are named after Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s. At a time when the annual interest rate for bank accounts was five percent, Ponzi promised investors that he could provide a 50% return in just 90 days

-https://www.sec.gov/fast-answers/answersponzihtm.html

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User's avatar ADPM0811
4 years ago

Yeah i've been scammed once thats why i don't ever join in those investing ponzi scams again. They have no conscience receiving moneys from hard - earned individuals. However, we need to be aware of it that as long as they are not forcing you Its you can decide if you wanted to get involved and prepare to lose than to win.

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User's avatar Xzeon
4 years ago

Yes we also have a part in this. Do some more research on how the platform works if you’re not familiar with it. Know the risks and you should decide.

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User's avatar ADPM0811
4 years ago

I really joined a lot of that kind of smart contract and I earn a little bit but i didn't fool people in order to make them joine for my own sake but my upline told me that i have to fool people so that I can earn more like him but i can't make it i dont have any courage to do it i stop inviting people coz i dont want to fool them while im earning coz i want to to earn like me not just by fooling them. Thanks for sharing this information to us here now i knows a lot tjis kind of business already thank you so much

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User's avatar Kloverztel28
4 years ago

Yes i will visit them later and i hope youc give feedback too

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User's avatar Kloverztel28
4 years ago

It’s good to hear that you have that good intention dear. I can’t really blame those people who doesn’t have enough knowledge about how these kind of scam works. Thank you for sharing us your opinions and thoughts.❤️

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User's avatar ADPM0811
4 years ago

Yes i know it my friend because i really experience that. Struggling with my own situation

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User's avatar Kloverztel28
4 years ago

Yes dear that’s what you call wisdom

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User's avatar ADPM0811
4 years ago

Of course my friend its really it is

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User's avatar Kloverztel28
4 years ago
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