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The end of Givers Forum is here as members no longer abide by the terms of Provide Help.
Giversforum.net is one of Nigeria’s popular ponzi schemes which got ponzi inspiration from the MMM Global.
We interacted with some members of the forum and put their accounts under close watch for a period of 30-day.
During this period we found out that members who needed help (Get Help) were matched with members for them to pay (Provide Help) into the bank account of the former.
However, some of those who pledged to Provide Help, PH for short, defaulted: they failed to make payment within the stipulated time.
Givers forum member uploads “Happy New Year” photo as Proof of Payment
One of the Givers Forum members, Rosemary, who couldn’t make payment to a fellow member uploaded “Happy New Year” photo as Proof of Payment (POP).
While that’s done she called her partner to confirm her payment before it’s discovered that the proof was hoax.
Is MMM break affecting Givers Forum?
Since the king of ponzi, MMM, announced to go on break in December 2016, fear had gripped participants of other schemes.
It’d be recalled that financial and stock regulator early 2016 warned Nigerians so avoid the king of ponzi, MMM when it penetrated Nigerian market.
But Nigerians jettisoned the advice.
Engr. Aminho has been vindicated
In one of our articles exclusively published by infobase, Nigerian engineer based in China tells us how he lost over N500,000 to MMM, while some of his colleagues lost millions of naira.
Engr. Muhammad Aminho advised Nigerians to steer clear of MMM, but some of MMM members dubbed his revelation “a theory,” he’s called enemy of progress by some of our commenter.
Muhammad Aminho says MMM announcement to go on break marks the beginning of the end MMM Nigeria.
But MMM Nigeria anchored its decision to freeze Mavro to consistent pressure on its system, and pressure from government and Nigerian press.
It promised to open this month (January 12, 2017).
That wasn’t enough to discourage Nigerians from putting their hard earned monies into Givers Forum, which has been experiencing system failure for almost a month.
For instance, givers forum contact us page of the scheme has stopped working for almost two months as complaint sent to the admin got no response.
Complaints are no longer attended to.
Just like MMM, Givers forum has no sustainable business map that could stand the test of financial model.
Is givers forum a fraud or real?
Whether it pays or not, a ponzi scheme can’t be rated on the premise of reality or fraud.
It’s highly risky.
It means ones entire investment could go down with the system. The brains behind ponzi schemes are clear about the risk involved, and the warning is boldly written in Red on top of the most important pages on their portal.
What is givers forum?
GIVERS FORUM says it’s a community of givers, whereby money donations rotate among its members.
In layman’s words, givers forum is based on the principle of give and take among its participants.
It calls itself a real mutual aid fund where ordinary people help each other to fulfil one of the most important needs in life.
Just like MMM, givers forum makes clear that “the scheme isn’t a bank, neither an online business, HYIP, investment or MLM program.
Who founded givers forum?
Founder of MMM is designed by the World most famous ponzi innovator, Sergei Panteleevich Mavrodi of Russia .
MMM stands for Mavrodi Mondial Moneybox which takes its name from its founder.
But Givers Forum’s founder isn’t known, but we do know that it gained inspiration from MMM.
It’s been speculated that the first group of people in MMM converged to launch givers forum, but the identity of the guys behind givers forum is hidden.
Is Nigerian concerned about ownership of givers forum?
Nigerians aren’t concerned about who owns this scheme, what they’re concerned about is how their monies grow, and fulfilling such promise.
A number of people we spoke to before we put this review together shows that givers forum are more focused on how their monies would grow by 10% weekly, or by 40% monthly.
How does givers forum operate?
To know how this scheme operate, one has to be involved, and we took our time out to create an account by registering FREE on its site www.giversforum.com
You log into your account known as Personal Office with the login details you registered with.
When one declares the willingness to donate (“Provide Help”), his or her account will be rewarded with the same amount you pledged.
His donation will start growing from the moment of offering the contribution at the rate of 10% per week with other bonuses.
This sum shows how much member can request for after a week of making the pledge and paying out to the receiving participant.
Say you have announced willingness to Provide Help of N20,000.
The person will be rewarded in his Private Office with N20,000. And it will immediately start growing!
A week later, this N20,000 will become N22,000 and in a month, it becomes N28,000. It means the person will be able to request assistance for N220,000 in the first week, N24,000 in the 2nd week, N26,000 in the 3rd week and N28,000 in the 4th week.
Note that your pledge must have been transferred and confirmed.
Steer clear of ponzi scheme…your entire money might go down with it.
|Is there any online job or investment one could go into that will pay?
Yes, but none of them promises 35% interest. Interest on investment is a gradual process, not in such questionable manner.
Helping Hands International is one of them that promises bonus and referral bonus on any new member brings.
But helping hands international will not make you rich overnight as promised by ponzi schemes.
You’ve got a job to do in H2i: to refer at least two people; and how they make profits is very clear.
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