They make payments to their initial investors to serve as testimonials to convince and secure the trust of more victims.

With the spread of the “good news”, many investors would storm the scheme with deposits of hard earned or borrowed monies amounting to millions with the hope of collecting their incredible interest payment within the stipulated time.

They discourage withdrawals by promising better investment plans. After these schemes have amassed huge sums the promoters would cease to operate and vanish into thin air leaving their victims to agonize over the loss of their hard earned money.

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