Скачать или смотреть Why Nigerians Fall for Ponzi Schemes

In this episode of the Breath of Hope Podcast, we delve deep into the psychology and tactics behind Ponzi schemes that have defrauded millions of Nigerians. From the infamous MMM to the recent CBEX collapse, we explore why Nigerians, especially young adults striving for financial stability, are susceptible to these scams.

0:00 Introduction​
1:09 How MMM scammed someone I know
2:21 Reasons why you are scammed
2:31 Unemployment and poverty rate
4:51 You are being greedy!
7:00 You are scammed because of FOMO
8:15 Don't enter ponzi because of your pastor
9:03 Prosperity gospel increases the likelyhood for you to be scammed
10:10 Interesting statistics and patterns
12:33 They give extremely high returns
13:07 They are not under a regulatory body
13:37 Bring 2 people that will bring 2 people
13:50 Confusing business model
14:00 Unstable policy and structures
14:26 Curb your greed!
15:26 Watch that desperation
16:19 Get rid of rich-quick mindset
16:38 Kill your FOMO!!!
17:13 Learn a skill for financial sustenance
17:53 See you next week!!!



Why This Matters:

Understanding the mechanisms of these scams is the first step toward prevention. By shedding light on the psychological triggers and societal factors that make Ponzi schemes appealing, we aim to equip you with the knowledge to make informed financial decisions.


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#cbex #ponzi #getrichquick