“is Hela Empire Legit?”, “Should I invest in Hela Empire?” If the messages in my DMs are anything to go by, it means another scam is in the business of siphoning money from Kenyans with a get-rich-quick referral-based program.
What Is a Ponzi Scheme?
A Ponzi scheme is a fraudulent investing scam promising high returns with little risk to investors. A Ponzi scheme is a fraudulent investing scam that generates returns for earlier investors with money taken from later investors. They are based on using new investors’ funds to pay the earlier backers.
These schemes tend to eventually bottom out when this flood of new investors dries up and there isn’t enough money to go around.
You can find a list of such companies here
With this information, you can see how the earning methods on Hela Empire resemble those in similar get-rich-quick scams. Yes, Hela Empire is a scam.
Launched on 26th June 2021, users earn points by paying a Sh500 joining fee and then referring others, watching YouTube videos, blogging, answering trivia questions, and spinning games.
The dashboard heavily resembles recently collapsed Schemes too, and yes, Hela Empire has a minimum withdrawal limit of Sh500 meaning you can’t withdraw your money whenever.
While early adopters who have a lot of influence can potentially make some money off Ponzi Schemes by way of referrals, chances are if I’m writing about Hela Empire you’re not one of the early adopters.