‘Loom’ in Ghana is a Scam -Final Warning (Full Review)
Product Name – Loom
Website – None
Owner – None
Our Ratings – o.1/10
This is a Get-rich-quick-scheme that has come to Ghana and taking the waves. The system works like a Pyramid scheme but with this, there is no End product.
The system makes use of people’s money. It targets people who are willing to sacrifice their small amount for unforeseen big sum of money.
This kind of systems has come to Ghana before and made away a lot of peoples hard earned monies.
Such a system includes Earnit, Better Help Ghana, GetRichToday, etc which came in early 2017.
I tried those system to see whether they will work or not but frankly they didn’t.
They only help the early ones to make some small amount and at the end of the day steal the latecomers.
How Loom Works
The loom is a system designed in such a way that the first person who gets into the system earns and last is duped.
First, you register with a certain amount like Ghs10.00 and give to your upline. Then you recruit 5 people to join your circle. These 5 peoples recruited will pay you GHs10.00 each. Then the new five people as your immediate downlines will also recruit and take the same amount as you did.
Afterwards, you will become admin with a lot of money coming in from your second legs downwards. Because they will bring in people and you take the intial deposit.
NB. What if they don’t get new ones(downlines)? What if you never get paid when you recruit them or they choose not to pay to you.
This is an audio version where someone tried to explain to me what loom was. Click below!
So its not a real deal.
Verdict … Loom is a Scam
There is a warning issued by the Economic and Organised Crime Office that the system is a fraud.
And if you should take part in it you are doing so at your own risk.
Also, the Security and Commission on 11th June 2019 issued a statement to caution all against it. See a copy of the warning below
So guys know where you are heading. There is no shortcut to heaven. There are always better/Legit ways to make money.
If you are looking to earn like $5 a day from doing a survey at the comfort of your home. You can signup with click-sense for free and earn too. See how clixsense works here.
So dear one’s let’s share this article to warn all and take the right path to success.