Home Caught In The Act 19 PEOPLE ARRESTED FOR PONZI SCHEME, PAYING ‘MEMBERSHIP FEES’ SCAM

19 PEOPLE ARRESTED FOR PONZI SCHEME, PAYING ‘MEMBERSHIP FEES’ SCAM

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non Finance, non loan, non property, non banking, non credit card, non car insurance,non trading, loans loaning, housing loan.

The Police have arrested 19 people under the suspicion of being involved in Ponzi related scams. The Police said that 16 males and 3 females between the ages of 18 and 35 were arrested during the operation.

Job Scams

The Police were alerted by several victims after they received unknown messages from various social media claiming high-paying part-time employment.

Scammers would offer victims bogus online jobs that needed them to do simple activities like following social media accounts and social media postings in order to increase their exposure.

This post can include Instagram accounts, product advertisements and many more.

Victims might get unsolicited text messages, WhatsApp messages, or internet advertising promising high-paying part-time affiliate marketing employment in these situations. The con artists would say that by like social media postings and videos, victims would be paid a commission.

How the victims got cheated

After contacting those who are interested in the ‘job’, they would be instructed to signup for various memberships of websites and mobile apps to perform some task which promises great rewards.

There syndicate offers a variety of membership levels, $10 for a low commission membership and few thousand for high commission membership.

Basically, it means: “You pay more for your membership you will earn more”

Image Source: SPF