U91 scam
Greetings to all the community I hope you are well and in good health, in this article we will talk about one of the most recent pyramid scams in Venezuela and Latin America we are talking about the u91 platform. I hope you like it and can leave a comment
With everything that is happening in the world and the growing inflation that all countries are experiencing, it is normal that people want additional income, it is because of this desire to obtain money that unscrupulous people create systems to take advantage of the need of people and steal their money.
In that sense most people do not have great knowledge about investments, that is why when someone proposes them to earn money fast they evaluate the confidence they have in the person instead of evaluating if the project can really give that income, fast money does not exist, at this time of our life we must understand that money is earned by selling a product or selling a service.
It is sad and painful to see people who deposited all their trust and money in this betting platform called u91, who offered them good income for only betting part of the balance they had inside their platform in sports games, at the beginning like any ponzi scheme the platform was very reliable with the payments, but as it grew the platform disappeared with the savings of all the people who believed in them.
Losing money is always painful and more in this situation where inflation is affecting the purchasing power of all people in the world, when you lose money you can not do anything but accept the loss of money and understand that the reason that led you to that investment, the scammers offer easy money with big promises
as the saying goes "if you lose, don't lose the lesson", if you lost money, don't lose the lesson that the loss left you.
One of the typical things in this type of scams is that they are always introduced to you by a good friend who has good results within the platform, that is, a person you trust invites you to the platform and instead of evaluating the information you only evaluate the trust you have in your friend, it is the people close to you who invite you to this kind of pyramid scams.
Another important thing to note with this scam is the compound interest trap, the creators of the platform sold the idea to people that they could reinvest their earnings and thus get compound interest, this of course dramatically increased their income level and made people not want to withdraw a penny.
All the time I have been working on the internet I have known many pyramid scams but the novelty of this scam is that they used compound interest to prevent people from making withdrawals, this is something very new that unfortunately is very efficient to manipulate people's greed.
Finally I would like to share with you a reflection, people in their eagerness to obtain more income that will allow them to get out of their financial situation end up making bad decisions that then lead them to bankruptcy, the eagerness for more money leaves them with less and less money.
In conclusion, this platform not only took the money of many people, it took the life and financial stability of many people who now have to face all the referrals they involved in the platform, there are stories in which they tell how a group of neighbors tried to kill the one who made them lose money.
Every day that passes new platforms are born that try to scam people, a simple way to recognize them is that usually it will always be a good friend who will present you the opportunity to earn money the second is that they will ask you to invest money to do a minimal activity and earn a lot of money with little risk, I hope that none of this community has been scammed with that platform.
Hello @trabajosdelsiglo, thanks for alerting us about this Scam, I think every day there is a new pyramid project that ends up being a scam, and the need for easy money by some people is what feeds these massive scams.
I have always said that before entering any proposal it is necessary to investigate regardless of who is making the recommendation, some things must be tested by our own means in order not to fall into this type of "false oasis"
hello @tocho2,
the worst thing about these scams is that they are now linked to the coins and that is very bad publicity for the whole coin market, thanks for your comment.
Greetings @trabajosdelsiglo, as you well express in your writing, unfortunately this type of project represents a high risk alternative we have to be clear that there is no easy money and therefore we must investigate in detail the type of project where we decide to invest part of our capital, I know of people who managed to capitalize through this platform but certainly those who entered lagging were those who ended up losing or sweeping large losses.
Thank you for keeping us alert.
hello @madridbg
I think that people do not have information about the coins, they believe that easy money exists and that is why they invest in that way, thanks for your comment my dear friend.
Hello friend @trabajosdelsiglo, I happened to see several videos on youtube warning about this project, pyramid schemes are very common, and certainly take advantage of people's interest in getting money fast, the sad thing is that many people will continue to fall into this type of scams.
hello @emiliomoron,
many people were scammed and the worst thing is that some of those people now have a lot of problems for having referred other people, thanks for your comment.
Hello @trabajosdelsiglo
The reality is that this will continue to happen, the same gnte of U91 just created another platform, it's called N91, look it up. The system is the same, and there are already people falling for that.
The point is that those who enter among the first ones always come out in profit, but if you don't withdraw money expecting to have more profit, you end up losing everything. I know of people who lost even cars, because they sold them to invest there, they ended up losing everything.
hello @josevas217
You know what the worst part of it is? is that many people are already investing in this platform, they want to take advantage of the fact that it is new. thnaks for you coment
Your publication shows the history of fraud in moments of crisis, although the pyramid fraud is really another, but innovative mechanisms are generated based on the pyramid and the one in your post is one of those. thanks for your post.
hello @gustavomory2
not everything is bad about these systems, what is bad is the deception that people have to face after having faith in the income, thank you for your comment.
Yeah, ponzi schemes are a dime a dozen…meaning they happen often…if the conditions are right…whether it's inflation or deflation…when people are hurting, they look for fast cash, or just more cash.
This is a good post @trabajosdelsiglo…and a reminder to all of us that we need to be skeptical of someone who offers lofty solutions to our financial woes.
hello @fijimermaid
you are absolutely right, they want to sell you a house as if it were a castle, the scam is the art of making things look better than they are, thank you for your comment.
Yes it is true @trabajosdelsiglo when you said "the growing inflation that all countries are experiencing, it is normal that people want additional income, it is because of this desire to obtain money that unscrupulous people create systems to take advantage of the need of people and steal their money". I can name 50 that has scammed people that I know. Thanks for sharing this post.
hello @cryptocheta
it is incredible that this type of scams work today, in my country it is said that the human being is the only animal that makes the same mistake twice, but people continue and continue thinking about the quick riches, thank you for your comment.
I have heard lot of stories about people who got invited by trusted friends, people need to understand that the testimony of a trusted friend does not guarantee the success of an investment.
The truth is, whenever an investment scheme seems too good to be true, then it really is good to be true.
hello @gbenga
that's right my dear friend, trusting a friend is not a guarantee that it will be a good investment, thank you for your comment.
Hello dear friend, it is certainly a pitiful thing, people in desperation believe in investments that seem almost impossible and a fairy tale. I think you need to educate yourself a little more on the subject of investment, also if you invest it has to be money that you are willing to lose because these are very risky investments. Greetings, it is unfortunate, but there is a lot of evil in the world.
There are so many types of scams and people can go to any length to scam you.
I guess we need to be extra cautious in these tough times.