Make Christmas money and beyond: New MMM emerges to double money in 48 hours

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Christmas tree against white background made by dollars with coin as snow

A new Ponzi scheme called PeerProfit has taken off and luring Nigerians through its online portal to invest in money in it. It makes the incredible and audacious promise that investors would get double their money within 48 hours.

On its website, the originators of this new scheme explain what it is about: “This system is similar to the popular MMM or Twinkas but it is much reliable and faster. You can get 100 per cent of your investment within 48 hours. For instance, if you invest N100,000 in one member, two other members will pay you N100,000 each making N200,000. If you invest N5,000 in one member, two other members will pay you N5,000 each making N10,000.”

Like in the case of MMM, the principal operators of the Peer Profit scheme are faceless, but they boldly claim and declare that a participant would greatly benefit from participating in it, especially as the Yuletide kicks off.

In their determined bid to sell the idea of the Ponzi scheme to unwary Nigerians, the initiators of PeerProfit further claim: “We are a global charity organisation that helps its esteemed members to donate to one another and help improve the standard of living of the entire community at large.

“Members are expected to participate by donating to a member and in return get donations from two members. You are expected to pay directly to a member’s account and not to Peerprofit. Peerprofit.org only exists to ensure that members comply with payments without delays.”

The information published on the website of the scheme states its mission thus: “PeerProfit was created with the following mission: “to promote the greatest good, with a particular emphasis on helping man and the environment,” while the organisation’s vision is: “We believe that you have the ability to live the routine you wish without having to work or rely on anyone else for cash.”

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In their determined bid to sell the idea of the Ponzi scheme to unwary Nigerians, the initiators of PeerProfit claimed that they are a global charity organisation that helps its esteemed members to donate to one another and help improve the standard of living of the entire community at large.

Members are expected to participate by donating to a member and in return get donations from two members. You are expected to pay directly to a member’s account and not to Peerprofit. Peerprofit.org only exists to ensure that members comply with payments without delays.”

The information published on the website of the scheme states its mission thus: “PeerProfit was created with the following mission: “to promote the greatest good, with a particular emphasis on helping man and the environment,” while the organisation’s vision is: “We believe that you have the ability to live the routine you wish without having to work or rely on anyone else for cash.”

The question now is should I invest in this new scheme?
Will it be like MMM?
You can leave a comment in the comment box below as regards to this new ponzi scheme.

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