There is a new ponzi scheme in town just like MMM, iCharity to mention a few which has started trending with memberships in different categories and it is known as Twinkas.
This new money doubling scheme claims a promise of better returns on invested money than MMM and other ponzi schemes.
Unlike MMM which offered 30% returns on investment, Twinkas promises to pay 200% return to its investors.
According to the scheme, it was created “to promote the greatest good, with a particular emphasis on helping man and the environment’’.
The company was founded by a team of enthusiastic humanitarian specialists who wanted to overcome the routine and create a platform that would act in the market not only for business success but for the sake of humanitarian and financial empowerment services.
Like every other Ponzi scheme, Twinkas has rolled out some conditions, including warning that prospective investors must keep their mobile phones open most of the time and be online in order to succeed.
This is how it works:
When you join, you will need to donate the sum of either N5,000, N10,000, N20,000 or N50,000 to a fellow member assigned by the system or your direct link, and the member will then confirm your donation and then the system will automatically assign 2 other registered people under you from spillovers who will also pay you the joining amount each, into your bank account, making 200% (i.e. 200% of N5,000 is N10,000, 200% of N10,000 is N20,000 200% of N20,000 is N40,000 and 200% of N50,000 is N100,000).
TwinKAS will assign referrals to pay you. After you have received payment from 2 people under you, the system will automatically EXIT you and allows unlimited registration (Your account still remains with Twinkas)
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