Ponzi schemes in Nigeria and how i fell a victim

Ponzi scheme publications always begin this way and very funny, this is very interesting "Hello and welcome to this platform, here is an investment platform, the largest ever known in Africa. Business partnership world wide started in other countries before arriving in Nigeria. We invest in forex trading and other platforms to generate money at the end of the month for all our customers, we are not fully registered but trust us with your money, it is safe. Invest and get 75% ROI guaranteed every month of your capital after each month , closure is not happening anytime soon as we would like to spread across Africa, join us today."

So my story starts at this point, I will be sharing some ponzi schemes, their methods and how you can avoid them as a warning and for educational purposes. Due to the period where we are right now in the country, I mean dealing with Covid-19 experience and the state of the economy many fall victim to all these platforms claiming money making schemes, and to also help grow your money at the end of the year. Research shows that people that participate in Ponzi schemes know that they are actually in a Ponzi game and easily want to invest and make cool cash, I was in fact one of them. Nigeria alone is in need of money yet people presently are easily giving it away to ponzi plights. The number of participants of such platforms are large after having to convince these people of making huge returns and dont later fulfill any of those promises until it crashes or closes. Ponzi scheme is a form of fraud in which investors think their return comes from the money invested, it's all in the number of new investors to pay up the old members.

I basically lacked understanding then and was blinded by ther unrelentless cravings to get people and flee. Never really understood the importance of great platforms such as crypto based platforms and the likes although with it's own flaws but it still gives you access to your money anytime any day.

I initially started with "MY BONUS" scheme many of you may know that platform, shopping and getting back returns, it was definitely an interesting one at first, went away with a whole lot of money mine inclusive, I didnt stop there, then came the famous " RACKSTERLI" all in the name of helping Nigerians. People did gain from it but at the end 80% were affected by its inefficiencies, this is just to name a few. No platform that will come out today to say get 5% ROI at the end of the month for each investments that is legit, please always check what you are putting your money into, to avoid losses.

Real estate and forex trading are other great platforms that will help you grow with time, dont be in a hurry to throw away all you have laboured for in the name of quick rich schemes. Noice.cash and read.cash is a good platform that you could invest your time in. Thanks to @HappyBoy got to hear about it from him

I will drop my story here for now, hope this as stated what I am trying to deliver, feel free to comment.