NIGERIANS STORM NEW PONZI SCHEME

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In spite of the financial loss suffered by a number of Nigerians who participated in the failed Ponzi scheme, Mavrodi Mundial Moneybox (MMM) in 2016, LegionPays, a similar scheme is making wave among many Nigerians.

Legion Pays, launched on Wednesday, 26/04/2017 has started making the wave as Nigerians troop in to participate in the successful launching of the website. Legion Pays is a peer to peer donation platform that promises a return of 200% on every donation made. They offer packages that are affordable to all their members.

A statement on their website www.legionpays.com reads "LP was instituted by a team of vibrant individuals with the sole aim to alleviate financial difficulties by creating a channel in which wealth flows between two or more parties with mutual benefits. The platform serves as a community in which people sponsor each other financially. One member asks for sponsorship - another member provides the sponsorship. The system is very simple."


After the launching on Wednesday, different testimonies have been coming in. Mr Obiora Charles, a participant of the platform commented that "I so love this platform, I paid out today and received today... Soo real !! Thanks to legion pays".

Similarly, Adebayo Vincent, an entrepeneur also said he decided to partake in LegionPays and a number of other schemes to support his business. "The money I have gotten from these schemes has been beneficial to the survival of my business in this economy".

Currently, LegionPays uses a automated pairing system which has helped those who donated yesterday to receive back their 200% investment within 24hrs, which is double profit. They also offer huge referral bonues for those who love referring their family, colleagues and team. While other Ponzi sites fade, LegionPays seems to be the next one to take their stand as they worked on the flaws of other similar schemes to bring out the trust in People. It might be worth it to take a dip inside the ocean while it is still hot.