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MLM or Ponzi Scheme? A guide to distinguish
Lets imagine that you are just coming home from a meeting with a friend who haven’t contacted you since high school.
Now however, he meets up with you at a cafe pitching you an investment opportunity after some pleasentries.
He might even had taken his “friend” to this meeting, who is doing the pitching instead.
So what they are pitching is a legitimate investment opportunity, a break from your 9 to 5 work life? Or is it a scam?
Read this article to know whether or not it is a scam!
Typical indicators of a scam
- They will pitch high returns at a short amount of time.
- It is not clear how your money is used or how you are earning these returns.
- The whole business model is too complicated to explain in a few sentences.
- You will earn from the investment, but way more by recruiting others.
- The company is registered in Dubai or the British Virgin Islands.
- The company’s address links to a virtual office building.
- The company doesn’t disclose its address, real name or company registration number.
- The company registration number don’t match with any real entities in any company databases.
- Returns on investment are essentially guaranteed (or it feels like they are).
- It’s a relatively new company.
- They will say that the company utilizes a unique technology or found a “hidden gem” in the market or operational process.
- The company’s finances and reviews and other type of data are not available from a 3rd party site (only on their site).
- The company has mixed reviews online (or outright negative)
- It is complicated to withdraw your investment.
- It cost’s money to withdraw your investment (in processing and conversion and other types of fees).
- Your money gets “locked” for certain period of time.
- In the terms, agreement and other policies they state “the company holds the right to modify the contents of these policies at any time at their own discretion “. Or anything that is similar to that.
- The images on the site are fake (downloaded from somewhere else on the internet).
- The company isn’t transparent (they will not publicize official documents of members, investors, finances etc). They will sometimes show fake or easy to acquire “3rd party reviews”, which is essentially useless.
What are some known scams? (in my personal opinion)
BlockBen
SunMoney
MaVie – Ultron- wULX – 369X
OneCoin
SafeCoin
platinworld
FTX
What else would you add here?
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All data on this page or website was gathered approximately on , and may no longer be accurate or up-to-date.
All content represents personal opinions and should not be considered definitive statements, facts, or judgments. This website is intended for informational and educational purposes only.
We are not liable for any decisions, actions, or consequences that arise from reliance on our content. We encourage all readers to conduct their own research and seek professional advice where appropriate.
If you or your company believe you have been unjustly represented, please contact us at this link so we can review and, if necessary, amend our content.
All images, logos, and other content belong to their respective copyright owners and are used on this website under the principles of Fair Use for critique, commentary, and educational purposes.
All information, content, images, videos, links and other data were gathered from publicly available sources.
Clarification: This disclaimer applies to all domains, subdomains, posts, pages, and content operated by us, including but not limited to:
All content represents personal opinions and should not be considered definitive statements, facts, or judgments. This website is intended for informational and educational purposes only.
We are not liable for any decisions, actions, or consequences that arise from reliance on our content. We encourage all readers to conduct their own research and seek professional advice where appropriate.
If you or your company believe you have been unjustly represented, please contact us at this link so we can review and, if necessary, amend our content.
All images, logos, and other content belong to their respective copyright owners and are used on this website under the principles of Fair Use for critique, commentary, and educational purposes.
All information, content, images, videos, links and other data were gathered from publicly available sources.
Clarification: This disclaimer applies to all domains, subdomains, posts, pages, and content operated by us, including but not limited to:
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