Loom is a Ponzi schemes where people are told that it is based on enrolling ever larger numbers of people, invest Two thousand Naira (N2000.00) and make Sixteen thousand Naira N16000.00)
Meanwhile, It is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors
The scheme leads victims to believe that profits are coming from product sales or other means, and they remain unaware that other investors are the source of funds
A Loom scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own
How LOOM Works.
Loom is a peer to peer platform that is more or less like your daily contribution or Ajo, as you may call it.
Depending on how fast you join , you might be in the queue earlier. So you’re sure to cash out faster provided you do one thing , that is bring someone along.
Although Loom is checkmated on WhatsApp but it is not save.
What it means is that you will know exactly who you’re paying to ( there will be an interaction), But that is not enough guarantee that your would receive you own share of the Ponzi back.
The most simple thing to do for yourself if you must invest in Loom, is that before you actually invest in LOOM, be ready to convince someone to join you or your hard earned money will go.
So, if you invest Two thousand Naira (N2000.00) in Loom, you should be able to bring at least two people to the sets before you can cash Sixteen Thousand Naira N16000.00)
If you cannot bring at least two people to join the scheme, it then means that you money will go…
LOOM scheme is 800% RISK, although you could be among the lucky once that it may favor.
Meanwhile you could be a Christian, Muslim, Atheist or Pagan, but the highest disservice you can do to humanity now is to keep this message after you have finished going through it without sharing it to millions of Nigerians out there.
So share this message to as many social platform as possible.
Make sure it get to every one, you could save life by sharing this post…
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