IS LOOM MONEY Ghana SCAM OR LEGIT?
LOOM PONZI SCHEME REVIEW
Loom Money Ghana has been trending lately and is recruiting and targeting more young Ghanaians into their program.
Loom ponzi scheme first appeared in UK and it trend like wild fire in Australia, then Nigeria and then, it went viral on social media platforms and finally, it came to Ghana our country.
These ponzi schemes comes with little attractive money to lure members because it feels like nothing to pay but when it gets to time, they pack away money in full.
Loom is an old fashioned pyramid scheme repackaged and rebranded with a new name to scam users of their hard earned money.
Exactly like MMM which was literally the old name but since the founder, Mavrodi is dead. New people came up with a new tactic to scam users using same method.
BUT FIRSTLY, LETS SEE HOW THE LOOM SCHEME WORKS:
Someone invites you to a WhatsApp group promising that you would get 800gh with just 100gh and after you’ve paid, you will be asked to come with some of your friends or relative to join the system.
There are four levels in Loom and they are Purple, Blue, Orange And Red. Immediately, 8 people joined the program, the person in RED (center) will get his target amount and leave. Then, the loom will split into top half and bottom half as the circle begins again.
Basically, the amount of people you add to the loom, the quicker the movement for you to withdraw yours.
WHAT IF I JOIN AND MAKE MONEY QUICKLY WITH IT?
Is that what you think? The system can crash during your own turn and you never can tell when it will crash. It can crash early or later. It won’t only affect you, it will affect your family members that you invited to participate without knowing what it entails.
So, LOOM ponzi scheme is a pure scam and I advise you stay away from it before you regret. It’s painful when it happens. Remember, I warned.
I hope my review has been able to save your hard earned penny? What’s your say?