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ADVICE / My friend doesn't realise that he's in a ponzi scheme

Discussion in 'CryptoCurrency' started by Kennyken1, Sep 22, 2016.

  1. Kennyken1

    Kennyken1 Newbie

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    Hey BHW,

    Not a massive poster on here more a reader, and there some interesting stuff on here, anyway

    My friend who is completely technically inept has been lured into what I can see as a ponzi scheme, first off I don't know much about digital currencies its not for me, i work with cash, keep it old school and still listen to 90s hip hop so thats where I am at.

    What I do know, i'm a working digital marketing manager, grew up in the internet generation and understand the digital realm and earn a decent living from it. And from my analysis of which i get paid for, when a website has incorrect grammar, bad designing, spelling mistakes and promotes meetings at the hilton like it's the most prestige place in the world.. these for me are already signs of dodginess. a $300 investment and 90k return.. I mean it's a joke..

    All of my friends which he has 'pitched' to think the same. All i'm trying to do is look out for a friend, if you guys have any experience with dealing with this your self it would be great, he's quit is job for this.. I need to help a brother out.

    Shall I post the name of the company?

    Thanks in advance.
     
  2. blogzandstuff

    blogzandstuff Elite Member

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    Have you Googled the company name? Try scam sites to see if they are on there. Also google company name followed by review, that will tell you a lot. Get all negative info you can and show him
     
  3. Kennyken1

    Kennyken1 Newbie

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    Hey man,

    Yes of course, even by googling there name the first link under their official website says scam. they are told it's not a scam through the use of MEME's I mean I can't even make this nonsense up, just wondered if anyone had a tactics they used.
     
  4. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    Post the name of the company, show him any bad reports but unfortunately once some people have committed to these schemes they refuse to listen to reason.
    Do your best to dissuade him but ultimately it will be down to him if he listens or not.
     
  5. Kennyken1

    Kennyken1 Newbie

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    The company is coin spac e , thanks for the advice
     
  6. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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  7. Kennyken1

    Kennyken1 Newbie

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    Thanks man for your help, I'm going to build a bunch of ammo up and try, but as you said it's up to them.. any one else got anything about them?
     
  8. dakon

    dakon Registered Member

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    Teach him how a Ponzi scheme works and try to get him relate to the situation. Explain that even if if's a "legit" Ponzi scheme (not just take-all-the-money-and-run scheme) he is basically gambling - the system can not put out more money than was put into it, so if the scheme starter keeps a portion of that money someone has to pay for it without getting anything in return, and there's a good chance that someone will be him. And even if the system manages to last long enough for your friend to get his money back he will get it at the cost of other people losing it. If he's trying to get more people involved by doing that he will become one of the scammers for making false promises, and encourages others to scam as well. Can he proceed knowing that he's one of the thieves? If that's the case, I'd reconsider him as my friend.
     
  9. Reaver

    Reaver Jr. VIP Jr. VIP

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    See if you can find proof on social media. Sometimes people will post warnings on Twitter or FB after having dealt personally with a company like that.

    It's kind of shitty that your friend is caught up in this. I hope you can talk him out of it.