A Nigerian man has taken to social media to share important information about another site suspected to be another Ponzi scheme just like CBEX.
He warned that internet users should be careful about investment platforms claiming to offer a mind-blowing return on investment with little or no human effort.
According to the man identified on TikTok as Emperor YRN, if an investment platform promises too much profit and no loss, it is likely to be a Ponzi scheme.
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He went on to state that the next scam on the internet is one called ADK, which promises 100% returns if users follow their football predictions.
He added that the most disturbing part is that those involved in the investment platform aren’t aware it’s just another Ponzi scheme. For him, the first red flag is that there is no direct link to download the ADK app on the Google Play Store or the iPhone App Store; the only way to get connected to the app is through social media referrals.
Another red flag he mentioned is that the ADK is not regulated by government agencies such as the CBN and the Securities and Exchange Commission (SEC).
However, it looks like it already crashed, as his video was met with comments claiming it happened:
@EBUBEDIKE said: “Adk don crash boss with my money.”
@feel the vibes said: “Na why I just stick with my finova I no need stress at young age.”
@Giddy Jono said: “ADK don crash yesterday, I lost 500k yesterday and I lost everything, I can’t withdraw and this money, the money is gone.”
@_emmygold._ said: “Cbex users turning to diligent and obedient students now.”
@Prince Adeshina Olatunbosun said: “Pcex say na next year January people go fit withdraw.”
@Chima Felix Onuoha #Ngabasi said: “Learn from Ponzi scheme history in Nigeria Umana, MMM, Baraza now CBEX.”
@bl addited said: “I will still come back to this video in the future to tell Una how future be.”
@Ado Yayajo said: “Abeg make una talk abouts 52U investments my brothers in the north are in this ponzy.”
