[WARNING] PZM Cash- new version of a known ponzi scheme Prizm!

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Quote from: Rikafip on June 12, 2020, 05:44:09 AM

Quote from: TimeTeller on April 23, 2020, 04:32:23 PM

They paid their domain name until 2025, wondering if they will still be operating at that time.
Many people fall in ponzi scheme because they thought they can really get money out of it.

They definitely are into this for a long run as they are experienced scammers, they don't plan to stop with ponzi easily. But well, at least we can warn people on bitcointalk to sya away from them and not loose money.

Somehow I missed that they have bounty campaign going on for some time as well. I tagged and flagged that account as well, please support

Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2005

Supports flags

In the ponzi scheme there is nothing legitimate to invest even though they say it is legitimate by stubbornly clear to avoid profits that have certainly been like the ponzi scheme and this is a lot happening even they are just looking for investors for their own interests.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: TimeTeller on April 23, 2020, 04:32:23 PM

They paid their domain name until 2025, wondering if they will still be operating at that time.
Many people fall in ponzi scheme because they thought they can really get money out of it.

I supported the flag some ponzi scheme are buying domain for several years to make investors believe that they are here in a long haul it's part of the business strategy and besides that's a small fraction of what they are going to earn from scamming people, that 5 year extensions can only cost them $30 to $40 because some domain registrar offer a big discount if you buy and extend your domain for several years.

Rikafip

legendary

Activity: 1722

Merit: 5937

Quote from: TimeTeller on April 23, 2020, 04:32:23 PM

They paid their domain name until 2025, wondering if they will still be operating at that time.
Many people fall in ponzi scheme because they thought they can really get money out of it.

They definitely are into this for a long run as they are experienced scammers, they don't plan to stop with ponzi easily. But well, at least we can warn people on bitcointalk to sya away from them and not loose money.

Somehow I missed that they have bounty campaign going on for some time as well. I tagged and flagged that account as well, please support

Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2005

TimeTeller

hero member

Activity: 2744

Merit: 588

They paid their domain name until 2025, wondering if they will still be operating at that time.
Many people fall in ponzi scheme because they thought they can really get money out of it.

Rikafip

legendary

Activity: 1722

Merit: 5937

What happened: PZM Cash is latest version of a known ponzi scheme, Prizm that is going on for a few years know. It looks like they are both Russian projects, so I wouldn't be surprised if same people are behind both of those 2 ponzies. To further promote their scam, they hired bumping service that is shilling their thread. Majority of those posts have been reported and deleted by now. They are doing the same thing in the Russian version of their ANN.

Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=1684

Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2005

ANN: https://bitcointalksearch.org/topic/ann-pzmcash-same-same-but-different-5235724
Archive: https://archive.fo/ZOBXW

Russian ANN: https://bitcointalksearch.org/topic/annpzm-cash-pbha-kptobata-ho-pa-5235723
Archive: https://archive.vn/RygJP

Website: https://pzmcash.com/en/
Archive: https://archive.vn/E5RxH

Quote

Domain Name: pzmcash.com
Registry Domain ID: 2502940133_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Updated Date: 2020-03-13T13:14:43Z
Creation Date: 2020-03-13T13:14:42Z
Registrar Registration Expiration Date: 2025-03-13T13:14:42Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146

PZM Cash principle is simple - you get certain amount of PZM tokens by staking, and it is additionally multiplied depending on the amount of tokens people you referred are staking. So as long as you bring more people into this, it will work. Until it collapses eventually, as any other ponzi.

As you can see, same principle us used in the Prizm scheme, with a bit different numbers of course

In the FAQ section, they have part asking "Is this a scam", and answer&reasoning are really interesting

Topic: [WARNING] PZM Cash- new version of a known ponzi scheme Prizm! (Read 610 times)