At the begin of the year a new website promising people quick cash emerged, joining the likes of MMM and Crowd 1. We've been keeping a close eye on its development and conducted our research to see if what they are promising people is really true.
Findings
Although their platform looks like a real deal and there's people to back that up, it's a well designed scam. It's a ponzi scheme that is designed to look like an investment platform, but it isn't. How can an investment platform make you to recruit more people in order to make money? They are definitely out to get your money!
If there is no product, you are the product. If the money they are making is so amazing, why do you have users that are recruiting people using referral links.Simple - if you don't join, they can't make money. There's no idea investment that has ever used such a business model to make money.
In ponzi schemes like this, the only people that will benefit are the early adopters the rest are just throwing their money away. One morning you will hear that the website is no longer available and your hard earned money is gone.
Who are the owners of the company?
After doing a background check to find out who are the people behind the business we found nothing. If they had genuine intentions, they wouldn't be hiding behind their computer screens.
There are a lot of reviews of people saying that they were able to withdraw money from the platform (ok that's good). But they are just making you feel comfortable so that they can get you where it hurts the most. I mean we've seen businesses like this before, it's nothing new, it's just that bamboo has been glamorized to seem legit.
Final thoughts
It's up to you whether you want to invest your money or not. But with these findings it shows that a lot of people are bound to lose their money. Found the information useful? Share and follow us for more informative content like this.