How To Join Loom Money Nigeria | Loom Money Nigeria Ponzi Scheme Website & Registration

How To Join Loom Money Nigeria | Loom Money Nigeria Ponzi Scheme Website & Registration
May 07
14:29 2019

How To Join Loom Money Nigeria | Loom Money Nigeria Ponzi Scheme Website & Registration ATS – Adts Money Loom Nigeria

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.

Note: We do not demote or promote any platform here.. All you do is at your own risk.

The scheme which was first reported 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 recently.

How Loom Money Nigeria Works and How To Join

Loom Money Nigeria has no website for registration, to be part of the program, The first step of the process is being invited to join a WhatsApp group chat, usually by a friend or relative. 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 entrants.

After you have paid in the money, you are asked to invite at least one person to join the system.

There are four levels in Loom Nigeria – Purple, Blue, Orange and Red.

Each time eight people join the loom, the person in the centre (Red) will get the target amount and leave the group.

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.

The more people you manage to add to the circle, the quicker the movement of it, and thus, the easier it will be for you to make your chunk of ‘easy money’.

The basics are that you get eight times the amount you “invest.” If you invest N1,000, you get N8,000; if you invest N2,000, you get N16,000; and if you invest N13,000 you will get N104,000

Loom – How many stages does it have

The loom plans have four stages

  1. There are four levels in Loom Nigeria – Purple, Blue, Orange and Red
  2. Each time 8 people join the loom, the person in the center (Red) will get target amount and leave.
  3. 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.

Loom – is it real or a scam?

Read below and be careful when investing your Money

  • Typically in a pyramid scheme, you pay to join.
  • The scheme relies on you then recruiting other people to join up and to part with their money as well.
  • For everyone in the scheme to make a profit, though, there needs to be an endless supply of new members.
  • In reality, the number of people willing to join the scheme, and ultimately the amount of money coming into the scheme, will dry up very quickly.
  • For every person to eventually make the kind of money, Loom is promising, each Whatsapp group needs to always keep on growing with new members.
  • For the first person to be paid, he/she needs 8 people
  • For those 8 people to be paid, the Whatsapp group needs 8 x 8 = 64 new people
  • For these 64 new people to get paid, the Whatsapp group needs 64 x 8 = 512 new people
  • For these 512 people to get paid, the Whatsapp group needs 4,096 new people
  • For these 4,096 members to get completely paid, the Whatsapp group needs 32,768 new members.
  • You can continue the calculation.
  • Every ponzi scheme will certainly get to a point where there’s no new investors and no new people coming into it and once that happens, the system will crash.

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About Author

David Chris

David Chris

David Chris is writer and a staff at Ngyab.com. He is also an internet guru who who loves reading and making new friends

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