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 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)
All donations are made directly to member bank account.
It warned investors against pestering any of the numbers for trivial Issues.
According to the website, Twinkas’ Classic now has 198,985; Professional with 117,290; Twinkas Premium has 117,147 members; the Ultimate with 170,322 members; has zero members under the Veteran category.
Any amount invested in each of the categories would attract double the amount after one month maturity.
Under Classic, members are expected to invest N5,000 with N10,000 return Investment and subscribers on the Professional platform would invest N10,000 and with N20,000 Return.
Under the Premium level of N20,000 investment, investors would get N40,000;
Ultimate with contribution of N50,000 attracts N100,000 return.
The Veteran scheme is N100,000 investment with a return of N200,000 but no one has yet to invest on the platform.