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Monday, September 25, 2017

The World's Biggest Ponzi Scheme?

The World's Biggest Ponzi Scheme?

Firstly some definitions:-
What is a 'Ponzi Scheme'?
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to
investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is
similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier
backers. For both Ponzi schemes and pyramid schemes, eventually there isn't enough money to go
around, and the schemes unravel.
a swindle in which a quick return, made up of money from new investors, on an initial investment
lures the victim into much bigger risks.
A Ponzi scheme (/'p?n.zi/; also a Ponzi game) is a fraudulent investment operation where the
operator generates returns for older investors through revenue paid by new investors, rather than
from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be
either individuals or corporations, and grab the attention of new investors by offering short-term
returns that are either abnormally high or unusually consistent.
Companies that engage in Ponzi schemes focus all of their energy into attracting new clients to make
investments. Ponzi schemes rely on a constant flow of new investments to continue to provide returns
to older investors. When this flow runs out, the scheme falls apart.
The scheme is named after Charles Ponzi, who became notorious for using the technique in the
1920s. The idea, present in novels (for example, Charles Dickens' 1844 novel Martin Chuzzlewit and
1857 novel Little Dorrit each described such a scheme), was performed in real life by Ponzi, and
became well known throughout the United States because of the huge amount of money he took in.
Ponzi's original scheme was based on the arbitrage of international reply coupons for postage
stamps; however, he soon diverted investors' money to make payments to earlier investors and

So now about Empowr!
See here for more info!
They describe themselves as a "start-up" on LinkedIn https://www.linkedin.com/company/empowr-start-upand also as "experimental"!
Apparently they are registered at 501 West Broadway San Diego, CA 92101 USA!

I have been on Empowr for over 14 months now and initially saw it as a means of earning a reasonable monthly income of a couple of thousand dollars - no I didn't expect something for nothing or a "get rich quick" scheme! The "Daily Earnings" along with all the charges are exorbitant and really beyond belief but I persevered. The video training that is quite good even though very misleading as I found out the further I progressed - I am now "Sky" with three to go to reach "Sky Star", the top!
The goal post always appeared to be moving but suddenly a couple of weeks ago my "earnings" were almost have and with what appeared to me to be bugs in the system, and then, a couple of days ago the system started to ask for payment every few seconds in order to "Double your earnings"! This last event was the final straw and I am now convinced that Empowr IS a Ponzi Scheme - probably the biggest the world has seen!
It is such a shame as with not too much effort on the part of Empowr, the could attract multinational advertisers as the user base is worldwide and easily targetable with the user data they have!

A link to this blog will eventually be sent to law enforcement, press, media etc worldwide!

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