Safety Nets: Spot & Stop Fraud, Scams, & Manipulation.

Ponzi Schemes like MMM still exist.   This Safety Nets: Spot and Stop Fraud, Scams and Manipulation article is a wake-up call and a guide on how you can spot them and  protect yourself. Quick Links: The MMM Story: A Case Study    Common Features of Ponzi Schemes 7 Safety Nets To Protect Yourself From Ponzi Schemes    Frequently Asked Questions The MMM Story: A Case Study Anonymous Contributor  Lagos. Lost: ₦150,000 It's been over many years now but because I still see many Ponzi schemes flocking around, I decided to submit my experience here for others to learn. I joined MMM because everyone around me was joining - my sister, my colleague, even my church group leader. They kept showing bank alerts of “30% in 30 days”. It all sounded too good to ignore. I started small with  ₦50,000. Thirty days later I received ₦65,000. I was very excited, so I went higher by sending ₦150,000.  I could see ₦195,000 sitting right there on my dashboa...

  Do you like being flattered? Whether you do or don't, this anonymous scam experience will educate your mindset. Quick Links: A Flattery Scam Experience Why Flattery Is Often A Win For Scammers 8 Safety Nets To Safe You Frequently Asked Questions A Flattery Scam Experience I used to love being praised but recently it landed me in trouble. It happened this way. I am a trader dealing in spare parts sales. People call me by a nickname I can't repeat here for security reasons but it's a hype name I carried along from secondary school days. My fellow traders and almost everyone knows that calling me by that heady nickname is the easiest way to get a favour from me. I didn't know how dangerous that can be, until when some businessmen approached me with a deal. They somehow knew my nickname and mostly used it to address me. They were full of praises for my intelligence, told me they came to me because of my Fame as a smart and successful trader. They way they flattered ...

Quick Links: A Familiar Scenario What is Due Diligence? Does Time Truly Run Out? How To Use Due Diligence To Defeat Scammers Frequently Asked Questions A Familiar Scenario Here's an anonymous scam sting submitted to our scam awareness  Tell Your Story portal: This happened to me in late November 2025. For long I couldn't tell anyone about it, because it hurt so much, but now I think I can talk about it. I can now tell myself the truth because if I had been careful I would not have been duped. This is what happened. I received this alert claiming to be from my bank and at a glance it all looked genuine: "Someone just tried to sneak into your account. Click this link to get help to save your funds. Time is running out, they may succeed next time." Thinking it was legitimate, I panicked and clicked the link. Next thing I knew I found myself on a site where I was asked to confirm my bank details. I complied because I thought I was protecting my account. I didn...

Quick Links: I Am Too Smart To Be Scammed Effects Of Feeling Too Smart To Be Scammed How To Protect Yourself Frequently Asked Questions   I Am Too Smart To Be Scammed Are these your thoughts? "I am too smart to fall for scam"  It's exactly what scammers want you to think. The more you indulge in self-delusion the greater opportunity you give them to succeed in their plans against you. Let’s be honest about this. Perhaps you've said repeatedly that you are simply not  "the type that falls for scam."  Maybe you have managed to convince yourself that "Only gullible people get caught." Don't worry, I know exactly what angle you are coming from. You believe you’ve been careful all your  life. You read emails and you don’t click weird links. Besides, you have never been duped before. Can I burst your bubble? Here’s the hard truth: that kind of thinking is exactly what scammers are counting on to scapegoat you. As a matter of fact, what you ar...