Categories: Computer Networks

Ponzi schemes gaining prominence in Nigeria

MMM, CROWDFUNDING, PEER TO PEER , TWINKAS etc, the names are endless. Have you fallen a victim to a ponzi scheme? This is my story.

I have always heard of ponzi schemes, but never thought I would be part and parcel of such racket. I was maid to believe that ponzi schemes were for the greedy ones. I didn’t think at the time that I would become so greedy and fall a victim. I had friends inviting me from different social media sites to come join in the fun, but I rebuffed them all. I calmly said to myself, you will not fall for these traps.

Then came a certain friend whom I had known from my school days. She was well liked, trusted and came from a powerful background. She had nothing to lose either way, because she was from a rich home, married to a rich man. When she spoke , I listened and trusted her words. She didn’t have to convince me much, but because I so knew her, withing 30 minutes of our conversation, I agreed. That was the beginning of my problems.

I now joined a ponzi scheme, paid my dues as requested, opened my site, new account etc. I was excited and so looking forward to all the returns from my new found wealth. Well, one week into the scheme, I was made to open a new telegram app for receiving and sending messages to all those in this new scheme of ours. I gladly joined, saw other members, my hopes were raised with anticipation of my new found wealth. Two weeks into the scheme, I started getting messages about the government probing this new scheme to see if they were legit. I had nothing to contribute, but just kept numb about it all. All this while, I never mentioned this to anybody, no member of my family or colleague knew, just me and the person that introduced me.

Weeks went by, same old, same old. I never called my mentor, I was just watching in the background. All I could do was hope, so I would silently go to my account to check if there were daily amounts dropping in as told. Yes, I saw a token or fraction of what I paid sliding in daily, but all that was in the portal of the scheme’s website. The newly generated account number I got with a reputable bank had no sign of money. I became confused why I had nothing to show in the account except the money I used to open the account.

In the group I noticed people were already becoming frustrated and agitated. I was afraid deep inside, but said nothing. Members were beginning to say we should not lose hope but rather pray that things go as planned. I laughed, that was when I knew something was up.  So as God would have it, my friend or mentor called me and explained everything to me, she’s sorry for what happened. The company had issues that could not be resolved, so she would like to refund my hard earned money. I leaped with joy and thanked her tremendously. I was so thankful and grateful to God for this eye opener. It was a lesson learnt.

 




  • Tags: #ponzi
    Joy E. Ojo

    Recent Posts

    Heart Attack Causes and its Solution

    What is the Main Cause of a Heart Attack? What is its Solution? A heart attack is the blockage of… Read More

    4 months ago

    Understanding the Debt Ceiling: Its Impact, Importance, and Implications

    In the vast economic arena, one term that often takes center stage, inciting extensive debates and discussions, is the "debt… Read More

    9 months ago

    De-Dollarization: The New World Order of Currency and Its Global Impact

    De-Dollarization: The Changing Face of Global Finance The financial landscape is in a state of flux, with an intriguing economic… Read More

    10 months ago

    Unstoppable Bayern Munich: The Story Behind Their 11th Consecutive Bundesliga Title

    The curtains closed on a dramatic Bundesliga season with Bayern Munich standing tall once again, clinching their 11th straight title.… Read More

    10 months ago

    Celine Dion Cancels Concert Tour Due to Deteriorating Stiff-Person Syndrome

    The Unfolding Story of Celine Dion's Health In recent news that has left fans across the globe stunned, iconic singer… Read More

    10 months ago

    Navigating the Crossroads: LeBron James, Anthony Davis, and the LA Lakers’ Uncertain Future

    As the echoes of the recent NBA season start to fade, the attention of enthusiasts is firmly glued to one… Read More

    10 months ago