About Butter, an expert explains how to identify a pyramid scam
After the popularity that has gained Wilkin Garcia Peguerobetter known as Butter, due to its magic formula to multiply the money of the people who come to your company 3.14 Investmentsthe finance expert, Israel Abreu, called to be careful with what could be a pyramid scheme.
“For me it is a Ponzi structure. A pyramidal structure, the one promoted by Butter, in which nothing is being planted. Nothing is being produced, no service is being provided », he said that he also attorney during an interview on the program La Mañana con Dary.
Promoters offer you exaggerated profits with a moderate investment. They force you to enter people to earn more money or to level up and get more benefits. Keep in mind that as new groups are created, more and more people are needed to complete them, which increases the chances of the mechanism breaking and losses occurring. They guarantee results or returns on your investment in a very short time. They offer you the ideal world with the easiest and simplest business that exists at the moment.
precautions to takeaccording to Pro User:
Before making any type of investment or business, investigate its operation, its conditions and its risks. Search for the seriousness and solidity of the person who administers it.
Investments with regulated entities offer you the protection of the law. Fraud and crime are criminal matters, they do not fall under the protection of entities governed by monetary laws.
Before you risk losing your hard-earned savings, before leaving your family without the wealth you’ve set aside for their future, do enough research to avoid losing it all to a bogus deal.
Finally, if you know of any suspicious business, alert the authorities in order to prevent other new victims from falling for these scams.
About Ponzi Scheme
If a business is too good to be true, it could be a scam or pyramid scheme
It turns out that the type of pyramid business, known as ponzi scheme, is nothing new. And it is a fraudulent investment operation in which they invite you to enter by promising an exaggerated sum of profits or performance.
The scammer gives the promised money to those who invested before using the money of the new “investors”, but he only does it to gain the trust that makes it easier for more people to enter the pyramid.
This is how the network is expanded with those who fall deceived by the promises of obtaining great benefits, until the pyramid falls. The system works only if the number of new victims grows.
Other fraudulent schemes offer you too fast results, such as improving your credit history in just one month, offering you the generation of new credits with entities.
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