Loom Money Ponzi Scheme - Legit or Scam

Loom Money Ponzi Scheme - Legit or Scam


Loom Ponzi scheme
The latest Ponzi scheme in Nigeria called Loom is now taking over social media's targeting young people to participate in a pyramid scheme.

Years back, during the era of  Pennywise, MMM and the likes, lot of Nigerians lost their hard earned money to this Ponzi schemes while those that cash out are the early birds.

Nigerians who lost their hard earned money to this Ponzi schemes have vowed not to take part in any other Ponzi scheme. To our surprise, the range in which loom is reigning on most social media is getting to the peak and it looks like most of those that vowed not to partake in any Ponzi scheme have had a rethink.

How Does Loom Works?

The scheme which was first sported in the UK, then by an Australian media, ABC News (Australian Broadcasting Corporation) as a scam after it had gone viral in Australia, commenced in Nigeria early 2019.

  1. The first step of the process is being invited to join a WhatsApp group chat from your contacts or other means. Then you are asked to ‘invest’ N1,000, N2,000 or N13,000 with a promise that you will make eight times the amount back once you recruit new 
  2. After you have paid in the money to a person in the middle of the pyramids account, you are asked to invite at least one person to join the system.
  3. There are four levels in Loom pyramid Nigeria – Purple, Blue, Orange and Red.
  4. Each time eight people join the loom, the person in the centre (Red) will get the target amount and leave the group. Each time eight people join the loom, the person in the centre (Red) will get the target amount and leave the group
  5. The loom will then split into two groups. The top half and the bottom half become the new looms and everyone moves into the next level (Purple Level – into Blue Level – Into Orange Level) and the cycle begins again.
So the more people join the group and pay to the person in the middle (Red) of the pyramids account the faster the cycle increases.

Taking part in the loom is very risky, is either you cash out or lose which is 30% to 70%, is either you Doom or Loom

Shear this post to save a Life

Let hear your say, kindly comment below

You Want A Good Luck Charm? Share This Article Across All Social Media With the Share Buttons Below And Recieve 10 Years Of Good Luck.Trust Me It Works.
Pin This Article On Pinterest.

Join Enttech Telegram Channel



9mobile,2,9mobile cheat,3,9mobile data plan,1,Airtel,6,Airtel free browsing cheat,2,Airtel Tv App,1,Android Apps,25,Android Games,51,Android Tips,3,Apps,55,Asphalt,2,AZWhatsapp Download,1,Browsing Tips,17,COD,1,COVID-19,1,CrossFire,1,Data plan,2,DLS 2021,1,gbwhatsapp,4,gbwhatsapp download,2,Gbwhatsapp-Delta,1,glo,3,glo data plan,2,glo night plan,1,gogo live mod apk,1,How To's,9,Minecraft,1,mmo,1,Mod,51,Mtn,4,Mtn data plan,1,mtn free airtime,1,Mtn Free Data,1,Network Tips,5,night plans,1,pc,1,PPSSPP,2,Reviews,1,Smart Phone,3,snappea,1,SnapTube,2,Software,1,sponsored,1,Sponsored Post,4,Spotify Premium,1,Technology,3,Tinder,1,TUTORIALS,2,upcoming SmartPhones,1,Vpn,3,WA Tweaker,1,whatsapp mix download,1,whatsapp mod,10,whatsapp plus versions,1,Whatsapp Ultra,1,
Enttechub: Loom Money Ponzi Scheme - Legit or Scam
Loom Money Ponzi Scheme - Legit or Scam
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy