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[AudraMiller]

It is a common misconception that if you scam someone with crypto then you are off the hook and that there is no legal action that can be taken against you because of the anonymity in crypto. However the Nigerian authorities ae proving this wrong.

In fact the Nigerian government has called on the people in helping to locate someone named Omotade Sparks Amos Sewanu, who is believed to be the mastermind behind the Inksnation crypto scam. For those of you that are unaware of this scam, this was first started in the start of the lockdown period, where people that invested were promised a lifetime income, depending on the investment platform and package that they choose. Now for many this may seem like an obvious scam, but one must understand the during the lockdown many were desperate and these scammer preyed on that feeling.

Now the scam was paying its users in Pinkoin crypto, however this is not listed on any of the Nigerian exchanges. There are testimonials to show payment, however these can be faked and are often the case in these scams and even on ponsi schemes. As a result fraud charges are being laid here, and the person has been put on the wanted list, showing the seriousness of the crime. Especially since the company was warned and ignored these warnings and continued their operations.

 

[Niftyicon]

Even till now, I think they are still carrying out their operations. One thing I have learnt is that when the government decides to blacklist you and your business, the end of that business or project starts.

 

[achawaskey]

Many people were scammed during this lockdown despite the warnings that where issued out about this ponzi schemes, some people still go ahead to invest.

 

[Niftyicon]

Many people were scammed during this lockdown despite the warnings that where issued out about this ponzi schemes, some people still go ahead to invest.

The project was more like introducing a new crypto and claiming that in some way it would help eradicate poverty. There is a thread about it here. It was an indirect ponzi not really a ponzi per say.

 

[Brain]

Many people were scammed during this lockdown despite the warnings that where issued out about this ponzi schemes, some people still go ahead to invest.

For me I think it is mostly greedy people that gets scammed. Anyone that needs to invest should research and find only legit sites to invest no matter the interest percentage

 

[hardMoney]

For me I think it is mostly greedy people that gets scammed. Anyone that needs to invest should research and find only legit sites to invest no matter the interest percentage

lol mate... you're right.. too much greedyness.. they wanna make quick money.. without even looking at the risk behind it

 

[Wisdom01]

I think i heard about the project and i am really happy i never invested in the scam project , i guess its best to make research before investing

 

[Brain]

Reading reviews and researching enough before engaging in any project is the way forward for any one that doesn't want to fall a victim to scam

 

[Wisdom01]

Many people were scammed during this lockdown despite the warnings that where issued out about this ponzi schemes, some people still go ahead to invest.

I think those people that dosent heed to the warning that were issued out on ponzi scheme ,were mainly desperate to earn since there was lockdown

 

[onlyprofits]

That is one of the best things that can happen, that serves as an example for others who want to do the same, since there is the belief that when working with cryptocurrencies you cannot be identified

 

[Brain]

I think those people that dosent heed to the warning that were issued out on ponzi scheme ,were mainly desperate to earn since there was lockdown

Humans are always desperate to make easy money but forget no easy way out of making money so they always get scammed

 

[Wisdom01]

Humans are always desperate to make easy money but forget no easy way out of making money so they always get scammed

Yeah they never believed that you need skill to earn online and there are obviously many scam sites , that can scam you if your hard earned cash i think, so that's one thing they don't know

 

[gammarays]

Well I was a victim to their scheme just that it cost me just 1000 naira. Millions of Nigerians were victims. It beats my imagination of how they intend to pay bogus rewards every month on a little investment.

 

[Wisdom01]

Well I was a victim to their scheme just that it cost me just 1000 naira. Millions of Nigerians were victims. It beats my imagination of how they intend to pay bogus rewards every month on a little investment.

Yeah am real suprise with the bogus reward ,and the scheme doesn't look different from an hyip site , because there are still some questions about how they get additional money to pay users ,

 

[gammarays]

Yeah am real suprise with the bogus reward ,and the scheme doesn't look different from an hyip site , because there are still some questions about how they get additional money to pay users ,

There reward for the basic plan is almost x8 every month in cash and others in kind. We Nigerians fell into the trap because of its sympathetic approach of ending poverty.

 

[ELSA-ELI]

Ohhhh this is rather so unfortunate,I remember one member even putting this pink coin advert under their signature and look where it has landed now?I wouldn't likely invest in an african borne investment as the part of honouring is even worser than the Russian scan sites in most cases.
I thInk if you want to invest crypto currency its better you use smart contract that you can reverse the transaction in case of fraud and scaming and one such good coin with such features is Ethereum.

 

[Niftyicon]

This was one of those projects that your guts tell you that it is probably scam but because of where or how you got the awareness for it, you end up investing. I think the mastermind is still on the run and on the government's wanted list.

 

[ELSA-ELI]

This was one of those projects that your guts tell you that it is probably scam but because of where or how you got the awareness for it, you end up investing. I think the mastermind is still on the run and on the government's wanted list.

Being that you had invested and the fact that you were in close proximity or range as in they were domiciled within nigeria,was there an office or headquarters of some sort.Then the people involved were they not having live presentations on Facebook,also did they also have other live social forums?

 

[GoldenLady]

It is a common misconception that if you scam someone with crypto then you are off the hook and that there is no legal action that can be taken against you because of the anonymity in crypto. However the Nigerian authorities ae proving this wrong.

In fact the Nigerian government has called on the people in helping to locate someone named Omotade Sparks Amos Sewanu, who is believed to be the mastermind behind the Inksnation crypto scam. For those of you that are unaware of this scam, this was first started in the start of the lockdown period, where people that invested were promised a lifetime income, depending on the investment platform and package that they choose. Now for many this may seem like an obvious scam, but one must understand the during the lockdown many were desperate and these scammer preyed on that feeling.

Now the scam was paying its users in Pinkoin crypto, however this is not listed on any of the Nigerian exchanges. There are testimonials to show payment, however these can be faked and are often the case in these scams and even on ponsi schemes. As a result fraud charges are being laid here, and the person has been put on the wanted list, showing the seriousness of the crime. Especially since the company was warned and ignored these warnings and continued their operations.

I said it was a ponzi scheme, but Nigerians should be familiar with the pattern of these 'investments' after the infamous MMM, and should avoid them.

But I know my people well, we love easy money.

 

[Niftyicon]

Being that you had invested and the fact that you were in close proximity or range as in they were domiciled within nigeria,was there an office or headquarters of some sort.Then the people involved were they not having live presentations on Facebook,also did they also have other live social forums?

I never invested but I knew close people who did. I was even added to several WhatsApp groups where their operations were discussed and problems were sorted. I think there was a facebook page but I am not really sure.