IS LOOM MONEY NIGERIA SCAM OR LEGIT



is loom money Nigeria scam or legit
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Due to the current search and trend on loom , whether is loom money Nigeria scam or legit ,today I will be writing my own personal review on loom money investment income program to determine if  loom money Nigeria is scam or legit

Loom Money Nigeria has been trending lately and is recruiting and targeting more young Nigerians into their program. That’s why I have decided to write up this article to help in determining your final decision to partake or retreat from participating in it.

Loom ponzi scheme first appeared in UK and it trend like wild fire in Australia and then, it went viral on social media platforms and finally, it came to Nigeria our country

You know Nigerians can never learn from their
past mistakes because they love awoof and I will
say who has ears let him hear that;

is loom money Nigeria scam or legit

Loom money Nigeria is a pure scam and is
illegal. In developed countries, you get
arrested for participating in it.

These ponzi schemes comes with little attractive money to lure members because it feels like nothing to pay but when it gets to time, they pack away money in full.

Loom is an old fashioned pyramid scheme
repackaged and rebranded with a new name to
scam users of their hard earned money.

Exactly like MMM which was literally the old name but since the founder, Mavrodi is dead. New people came up with a new tactic to scam users using same method. In fact, “Naijaloom” which is different from “Loom” is also out with different method entirely.

If you can remember how MMM scammed
Nigerians of their hard earned money,
I believed you would make a U-turn by now. Now, Loom Ponzi scheme is spreading so fast.

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HOW DOES THE LOOM SCHEME WORKS

Someone invites you to a WhatsApp group
promising that you would get N8,000 with just
N1,000 or N104,000 with N13,000 and after
you’ve paid, you will be asked to come with one
of your friend or relative to join the system. Are
you not sensing scam? OK, let’s proceed.

There are four levels in Loom and they are Purple,Blue, Orange And Red. Immediately, 8 peoplejoined the program, the person in RED (center) will get his target amount and leave. Then, the loom will split into top half and bottom half as the circle begins again.

Basically, the amount of people you add to the
loom, the quicker the movement for you to
withdraw yours.

HOW IS LOOM NIGERIA A SCAM

To be honest, Loom Nigeria is a ponzi and
pyramid-selling scheme and they are often illegal
or not sustainable to keep the circle moving.
Follow me to see proof:

Firstly, you have to pay to join the program. And for the first person to part away with any money, he or she has to supply 8 new members.
And to make money as Loom promises, you have
to supply members in this format in a WhatsApp
group:

1st payment attracts 8 new people.
For 8 people to be paid, the WhatsApp group
needs 8 × 8 new members = 64 new members.
For 64 people to be paid, the WhatsApp group
needs 512 members which can be calculated as
64 × 8.
For 512 people to be paid, the WhatsApp group
needs 4,096 new members and vice versa.

Now The Scam Appears Here:
There’s where it will reach, the ponzi scheme
won’t be able to get new investors or members
in the system and once that happens, the
program or system will crash and pack all
available money with it.
Take for example as a Nigeria:
When NNU was first out. It was working smooth
and clean but as everyone enters into it, the
system crashed because the referring system
becomes hard and then, it crashed. It packed a
lot of money along but not still as much as that
of MMM.
That’s what awaits Loom Nigeria. Is a time
bomb and when it gets there, it will crash like
bomb and pack your full money away.

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WHAT IF I JOIN AND MAKE
MONEY QUICKLY WITH IT

is loom money Nigeria scam or legit

Is that what you think? The system can crash
during your own turn and you never can tell when
it will crash. It can crash early or later. It won’t
only affect you, it will affect your family members
that you invited to participate without knowing
what it entails.
So, LOOM ponzi scheme is a pure scam and I
advise you stay away from it before you regret.
It’s painful when it happens. Remember, I
warned.

I hope my review has been able to save your
hard earned penny

i am not a member of this platform , and we are not paid for writing review , we only write to keep the youth aware , you can go ahead and join or you can join the legitimate one am doing and am really making a lot from it , You can join Zinoly   , that is the only legitimate income program I no so far

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About philip onuchukwu 126 Articles
Am a Nigerian Blogger, i Blog On Technology Updates, and How To Make Money Online. Am also a Seo Expert , I Teach Upcoming Bloggers On How to Rank Their Site On The Front Page OF Google. If you need any help from me, You can Reach me on Facebook

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