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A pyramid scheme is a fraudulent investment scheme where participants
are promised high returns for recruiting others into the scheme rather than selling actual products or services.
Regardless of which number you use, MTI is the biggest pyramid or Ponzi-like scheme in South Africa's history.
This is determined by using the recent bitcoin price of around R1,187,211.00, or even the lower
estimate values MTI at R25.9 billion.
CHARACTERISTICS OF A PYRAMID SCHEME:
The Promise of High Returns:
Participants are promised unusually high returns on their investment with little or no risk involved.
Recruitment-Based Rewards:
Instead of earning profits from legitimate sales of products or services, participants earn money primarily by recruiting new members into the scheme.
Tiered Structure:
The scheme typically involves a hierarchical structure in which existing members recruit new members and then recruit more members, forming tiers resembling a pyramid.
Lack of Tangible Products or Services:
Often no legitimate product or service is sold.
If there is one, it is usually low quality or significantly overpriced to support the scheme.
Unsustainable Model:
The scheme relies on an ever-increasing number of recruits to sustain itself.
Eventually, it collapses as recruiting enough new members to pay returns to existing members becomes impossible.
RED FLAGS:
Focus on Recruitment:
If the emphasis is primarily on recruiting new members rather than selling products or services, it is likely a pyramid scheme.
High-Pressure Tactics:
Beware of aggressive sales tactics that pressure you to recruit others quickly without allowing you time to research or think critically about the opportunity.
Unrealistic Promises:
Be wary of promises of guaranteed high returns with little or no risk.
If it sounds too good to be true, it probably is.
Complex Compensation Structures:
If the compensation plan is overly complex and difficult to understand, it may be intentionally designed to obfuscate the scheme's true nature.
Lack of Transparency:
Legitimate businesses provide clear information about their products, services, and financials.
If there is a lack of transparency about how the scheme operates or where the money is coming from, it is a major red flag.
Legal Issues:
Check if the scheme has faced legal scrutiny or if regulatory authorities have issued any warnings or complaints about its legitimacy.
Peer Pressure:
Be cautious if you are being urged to join by friends, family, or acquaintances already involved.
They may unknowingly or knowingly be part of the scheme.
Remember, due diligence is crucial.
Always research thoroughly and seek advice from financial professionals before
investing in any opportunity, especially if it involves high returns with little effort.
RELEVANT PROJECTS:
Specialised Security Services invites the public to the Mike Bolhuis Daily Projects WhatsApp Group. This group is important in delivering insights into the latest crime trends, awareness, warnings and the exposure of criminals.
HOW TO JOIN THE MIKE BOLHUIS DAILY PROJECTS WHATSAPP GROUP:
• Follow the link to our WhatsApp group: https://mikebh.link/VBpBQx
• "JOIN" to ensure you never miss our daily updates.
• You will receive automatic notifications as soon as a new project is posted.
CONTACT MR MIKE BOLHUIS FOR SAFETY AND SECURITY MEASURES, PROTECTION, OR AN INVESTIGATION IF NEEDED.
ALL INFORMATION RECEIVED WILL BE TREATED IN THE STRICTEST CONFIDENTIALITY AND EVERY IDENTITY WILL BE PROTECTED.
Regards,
Mike Bolhuis
Specialist Investigators into
Serious Violent, Serious Economic Crimes & Serious Cybercrimes
PSIRA Reg. 1590364/421949
Mobile: +27 82 447 6116
E-mail: mike@mikebolhuis.co.za
Fax: 086 585 4924
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EXTREMELY IMPORTANT: All potential clients need to be aware that owing to the nature of our work as specialist investigators there are people who have been caught on the wrong side of the law - who are trying to discredit me - Mike Bolhuis and my organisation Specialised Security Services - to get themselves off the hook. This retaliation happens on social media and creates doubt about our integrity and ability. Doubt created on social media platforms is both unwarranted and untrue. We strongly recommend that you make up your minds concerning me and our organisation only after considering all the factual information - to the exclusion of hearsay and assumptions. Furthermore, you are welcome to address your concerns directly with me should you still be unsatisfied with your conclusions. While the internet provides a lot of valuable information, it is also a platform that distributes a lot of false information. The distribution of false information, fake news, slander and hate speech constitutes a crime that can be prosecuted by law. Your own research discretion and discernment are imperative when choosing what and what not to believe.
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POPI ACT 4 of 2013 South Africa: Mike Bolhuis' "Specialised Security Services" falls under Section 6 of the act. Read more here: https://mikebh.link/fntdpv
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