Football Index is nothing more than a Ponzi Scheme
24 March 2021
A UK company, Football Index, has financially collapsed over the last as its users have realised that the entire thing is nothing more than a pack of cards.
Articles tagged with "profit"
MMM Scam hits Nigeria
18 December 2016
In the scheme invested money receives a return of 30% profit after a month. It works as a classic Ponzi scheme, where the incoming money from new members is used to pay members whose investment is withdrawn. These schemes work while they gain in popularity, but stop working as soon as they stop growing. The most famous example of this is the Bernie Madoff fraud, where it's estimated that $65 billion was lost.