Tuesday 22 January 2019

What is this Ponzi Scheme?

Just google it and you will find that the ponzi scheme is form of fraud which lures investors and pays profits to earlier investors by using funds obtained from more recent investors.The victims are led to believe that the profits are coming from product sales or other means, and they remain unaware that other investors are the source of profits. A Ponzi scheme is able to maintain the illusion of a sustainable business as long as there continue to be new investors willing to contribute new funds, and as long as most of the investors do not demand full repayment and are willing to believe in the non-existent assets that they are purported to own.

Now I just want to know why not a business such as Ms Oriens or Magnesia is not such schemes. If there is anyone who says so, please clarify me at sheryangs@gmail.com.

Because did you know the business runs under membership schemes which has a set amount of entry fees? Slightly prettier, the business is said to have offered medicinal products which is priced at an equal amount to that of entry fee. That is deemed to be viewed as gifts. Investors just see it as buying medicines rather than entry fee because they are even told that medicines if bought from market shall be priced even costlier. What is the proof? If one can't sell the products, they can use themselves and for company it is afterall a sale. The marketing customers are indeed trapped as consumers. 

Many are fallen for the prizes that they are said to win if they could bring in members under them which would spread like tree branches down the line and they be promoted as Gold I or II or III as cadres and grades for luring influential investors. Many are said to have won Laptops or iphones. How many in practical, evidently?

The housewives, villagers and particularly the sick are easily drawn into by this medicinal ponzi business. Who on earth would throw out prizes without anything in return? It is not alms. Is the business sponsored by Bill Gates or Facebook or Ambani who all are said to have money which would make bridge to Jupiter or Pluto. A business that would make customers rich? No economics or commerce book shall contain this chapter. 

Even if the products are being approved by BNCA or BAFRA, is the business Model Approved by our Royal Government? 

Note: I am also a member to this scheme because of my relatives being lured by someother ponzi experts.  

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