Crowdrising is one of the most popular online mutual fund portals in Nigeria, although relatively falling behind MMM Nigeria, and Ultimate Cycler, it is still getting huge attention by the mutual fund community in Nigeria. Their portal crowdrising.net is only some few months old and it is already the 122nd most visited site in Nigeria and it is also among the top money making pyramid schemes.
CrowdRising, is not a Company or a Business or a Corporation. The CrowdRising System is not owned by any one individual. CrowdRising is a semi-automated system created by 5 individuals, who are funding and Founding members, referred to as the 5 Horsemen.
The platform is made available World-Wide, free of charge. There are No Admin fees, No monthly fees, in fact, there are NO fees.
CrowdRising is a Person-To-Person Direct Funding Platform.
The system was designed in such a way that it can be used by Fundraisers, such as for Charities, Schools, Clubs, Churches, non-profits, family, and personal financial needs etc., etc. The donations are NOT collected by the Administrator, nor are they automated by the system, rather donations are sent directly and personally from one member to another member, from one member’s payment processor to another member’s payment processor.
Before you consider to send in a support ticket please go through the following material to confirm that you understand how the system works
Watch and share the following tutorials, which you will find on www.crowdrising.net before logging into your account, to learn how CrowdRising works, and how to set up your account. Be sure to ask your Referrer for help.
How to Join
There are 2 ways to get involved:
- This first one is highly recommended. If you have been invited to join, click on that person’s referral link and you will be instructed to fill out a simplified registration form.
- In the event that you were not invited by family /friends then you can join by going to https://crowdrising.net/ and click on the Sign-Up button. You will then be referred directly by the Administrator and the system will automatically spill you down into the first eligible or qualified member’s genealogy.
Is it a Ponzi Scheme?
According to Wikipedia, A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.
Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. CrowdRising Nigeria clearly possesses the features of a ponzi scheme.
Can members be defrauded:
Just like other similar schemes like MMM, money does not pass through a central account or through any administrator, it is a member to member donation system which makes it difficult to abscond with members money. But discretion should be on high alert as the portal itself may be hacked or go offline which may lead to loss of fund.
My Final Thoughts:
this review is strictly for information purposes only. Whoever is willing to take the risk of “investing” on any Ponzi scheme does that at his or her own discretion. But i still believe these online Ponzi schemes is better than sports betting as it affords all members to benefit from each other through donations.