- Ponzi Scheme
- No known Founders
- No company registration
- Unathorized investments by SEC
There are several legitimate online investment opportunities in the world today, however, it can be hard knowing what works and what doesn’t? Today we are reviewing Wazobia Investment and giving you are genuine unbiased thoughts on this investment platform.
Having reviewed several fake online investment platforms, it saddens my heart to see many of you fall for HYIPs and scams all over the world.
As millions flock online to seek opportunities, many others have taken it upon themselves to scam and defraud other unsuspecting individuals.
Is Wazobia Investment a scam?
Simple Answer is Yes.
Let’s dive further and help you draw your own conclusions.
First off, with my experience, I can tell you operators of wazobia investment are very skilled, they provide very scanty details to even help you make an informed choice.
There is no information as to what wazobia does to generate the 50% returns for you in 3 days, and there is no information about its founders anywhere in the world.
They make a vague claim that wazobia investment is based on peer to peer investments.
Peer to peer investment is another fancy name for a ponzi scheme or a pyramid scheme, essentially, the profits you are getting are coming directly from your peers (other investors like you).
Wazobia doesn’t have to do anything, other than keep taking a cut, but with any such investments, it’s sustainability depends largely on the influx of new users, once the number of old users whose investments are due exceed the number of new users, it is game over.
Wazobia investments know this, thus item 9 on their terms and conditions clearly states:
They are basically telling you, they are going to pay you from money from a newer client. What happens if there are no newer clients? or there are far less newer clients?
To stop that from happening, in fact Wazobia Investments requires you to become an avid marketer, and any attempt to say anything bad about them could get your account terminated.
There are just a few of the red flags, and these aren’t my words, you can read them on the wazobia investment privacy page yourself.
Why we call Wazobia Investment a scam
- No known founders
- Pyramid Scheme Structure
- No known company registration
- No known company regulation by a regulatory body.
We expect that many fans of Wazobia would come here threatening us in our inbox and some of you would believe their consistent proof of Wazobia being a solid investment.
Do not be surprised when that happens, because these guys are already into this scam, and the only way they get paid is if they continue to market it to new people like you.
It is a never ending cycle, and I hope you do not fall for this.
My friends, I do not know what your story really is, and why you keep chasing high-risk investments like this, my hope is that I saved you the trouble or emotional torture of losing your hard-earned money to this Ponzi.
Always double check before you trust any website offering such high rates, and if you must invest, check out other legitimate investment opportunities to make passive income.