Th Emergence of Ponzi in Nigeria.

THE EMERGENCE OF PONZI SCHEMES IN NIGERIA.

A PONZI scheme is a fraudulent scheme where earlier investors are paid with the money taken from new investors, giving the impression that the scheme is a viable investment. Different Ponzi schemes have been in existence in the Nigeria for the past few years. Many people have been in one way or the other been swingle of their hard earn money. Ponzi became so popular in the earlier 2015 with the entrance of MMM scheme. The pulse in the MMM scheme set in motion the emergence of many scheme like madness in Nigeria.

Nigeria is a great country where anything drives, we have many people of high intellectual capacity who are ready to make do with anything in as much as money comes out of it .Ware are hard working and go boldly for what we need. This kind of energy was put into creating and participating in Ponzi. Within the space of less than a year it could surprise you to know the numbers of new Ponzi sites that came out. The participation also doubled up. The creation of this site was not only limited to Nigerians only, people from other countries studied our psychology and began to project some Ponzi of 100% yielding to us. It may interest you to have a look at them again in their numbers.

AFTER MMM BREAK
2017 NETWORKS(IN LESS THAN 2 MONTHS)

tetrismart.com
supercash.com
wexpress.biz
nairapropeller.com
slimpro-nigeria.net
cashcolonyplus.com
my.thehelperclub.com
4waycash.com
donationhub.net
247helpers.org
paymatch.org
frenzypay.com
luvwealth.com
springcash.com
naijapay.net
doublepay.com
btcriver.com
stablecashout.org
nairanation.com.ng
twinkas.com
farewealth.com
kaynation.com
nairaxpress.com
cashnaira.org
cash4cash.net
claritta.com
Alwayspays.com
bigbankalert.com
tripleit.com
moniebox.me
deinvestors.com
paymatch.com
makenaira.com
doublecash.me
thriftonweb.com
paycycler.com
fundniche.com
divinetfund.com
paydonor.com
ogive.com
somapay.com
moneybox.com
quickmoney.com
liftcareer.com
cashblaze.com
loopersclub.com
reeleef.com
goldbox.club
Stablecashout.com
netelites.org
bigbankalert.com
donorhub.net
instantfunding.org
bumpercash.com
unitydonations.com
cashflip.me
steadalert.org
nairatab.net
buzzpay.net
cashex.org
clockrich.com
excelpayer.com
alwayspays.com
squarepay.org
tmtcash.co
wealthconnect.ng
pekunias.org
looseallomoni.com
slypay.org
bitmoner.io
redemptioncash.com
nairadrift.com
nairarush.net
cashreloaded.com
fishers.com
penihub.com
safewealth.com
theachievas.com
paywellclub.org
wealthhelpers.com
goldpayng.com
easyblazing.org
smartprimewallet.com
maxclub.org
getawoof.com
inspirinig.com
quadpay.me
paymenaira.com
el-earners.com
90.kingsmen.me
bestpaga.com
clockrich.com
royalbills.com
citifund.org
abcdonor.com
clickwealth.com
naracle-ng.com
pearlcashflow.com
cashgram.org
silverpay.com.ng
silverpay.com.ng
monibucket.com
xtrafinance.com
helptobank.com
blonzap.com
cashbearer.net
popcash.com.ng
nairaguru.com
cashgivers.com
cashgivers.com
cashin3.club
112.gainmore.net
cipxwealth.com
sharppayout.com
3xcash.club
wealthpump.org
spreadcash.net
growtogrow.com
betapay.com.ng
fastearners.org
switpay.com
iniroots.com
granddonation.net
peercycler.net
liquidcash.org
pondsee.com
smoothnaira.org
btcinvestment.co.za
mapurse.com
cashground.org
slickwealth.com
softearner.com
quickcharity.com.ng
1goalfunding.online
Wellapay.com
Doublenaira.org
Farepays.com
95% of them have crash, the rest will follow suit.

The spirit of Ponzi is like that of gambling. When you lose to one scheme one would think of joining another scheme to recover quickly. The more money you get from others Ponzi, the more to greed to get more. You would never see I coming until your hard earned money is wiped out completely.
If Ponzi scheme is not stopped be the government, it soon falls apart for one of the following reasons;

The promoters vanish, taking all the remaining investment money.
The investors panic and take out their money leaving some to loose.
The investment slow down, the scheme collapses.
Sharp decline in the economy makes investors to withdraw part or all their investment.

What makes Ponzi scheme drive?
From history and the instincts in man, he has been in strong quest of getting more and more. Some of the reasons for Ponzi flourishing are as follows;

Greed
An insatiable appetite for more
The culture of risk taking
Unreasonable gullibility . Gullibility is the tendency to believe without reasonable evidence.
Unjustified trust.

Making money online is not a crime,in doing that we must enter the market with our thinking caps on. My advice is that we should do our research thoroughly before venturing into any online business. No Ponzi scheme would ever accept that the scheme is such. Ponzi has come to stay, we just have to open our eyes. The emergence of cryptocurrencices would make the scheme to flourish as we now have better ways of making payment.

See more t.me/steemitdotcom