Last Updated on March 19, 2017 by Larious

You Need To Know The Meaning Of PONZI SCHEME: According to Wikipedia, a Ponzi scheme is 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.

Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The scheme simply means taking from Peter to pay Paul.

Since MMM went on holidays during last December, The rise of ponzi schemes this year is rapid, we have witnessed an astronomical rise in the number of Ponzi schemes being launched everyday in Nigeria. As a matter of fact, everyday more than ten ponzi schemes are been created on the daily.

I was just working on my laptop and i got a message on my phone from Giverskey, a new ponzi schemes announcing their launching in few hours by sending bulk sms across all the network.

Giverskey, the much awaited cashful platform is here, Be among the first to harness the full potential from Giverskey. The text message said giverskey.com is launching in a few hours.

Opting for ponzi schemes means you are signing up to gain or loose, please thread with care and always run it with your spare money.

For those interested in taking the risk can try giverskey and hope the platform is not a scam. All the best to greedy investors looking for quick ways to make fast money.