Bitpays.biz - Typical Ponzi Scheme Investment

Zeneize

full member

Activity: 235

Merit: 100

Quote from: Alydora on January 16, 2018, 09:08:05 PM

As long as ther eare people in the world, there will always be a ponzi scheme to take money away from them. Undecided

. Hopefully no one gets trapped by them.

There is always someone who get trapped in Ponzi schemes, because they sell you a fantasy, the dream to become rich by magic, and people who seek that dream fall into the trap.

Alydora

newbie

Activity: 28

Merit: 0

As long as ther eare people in the world, there will always be a ponzi scheme to take money away from them. Undecided

. Hopefully no one gets trapped by them.

coinbureau

newbie

Activity: 49

Merit: 0

Bitpays.biz is a new investment program that pays up 350% per hour. For anyone who knows compound interest can see that this is a 100% ponzi scheme.

https://www.coinbureau.com/review/bitpaysbiz-ponzi-scheme-returns/

They claim that they are registered in Canada which clearly does not exist. They also operate a Multi Level Marketing scheme with levels of referral fees.

Moreover, they have something called "deposit locks" which holds up the funds. Other things that point to the scammy nature of the site is the lack of operator details. No names, company information.

This is also quite a new investment scheme that seems to have started up over a month ago.

With the collapse of Bitconnect recently I think it is helpful to expose similar types of schemes.

Topic: Bitpays.biz - Typical Ponzi Scheme Investment (Read 132 times)