In the wake of Kenyans getting their investments stolen from them as predicted on Amazon Web Workers, Abnuwasis who had been sitting on that branch brought PESALIFE to my attention asking me whether this investment scheme with the ‘money for life‘ catchphrase was next in line to take their money.
How PESALIFE works?
On their website, PESALIFE is termed as the best online marketing website currently with the best compensation plan with the best products and services.
They are a “trusted registered company in partnership with PAY LIFE AGENCIES with years of experience In MLM industry providing many products and services to clients.”
PESALIFE allegedly works as a platform where you can send and receive money online while also earning commissions through referring others.
So how do you earn? In a scantily written pdf, PESALIFE lists
- MATCHING BONUSES
- LEADERSHIP RANK EARNINGS
- NEW PHONE AWARDS
- BEST BLOGS EARNINGs
- INVITATION TO OUR AWARD
And of course, the selling point just like any other Ponzi scheme is referrals, see here
Is PESALIFE Legit?
No, it is not. PESALIFE is just another Scam. It has all the characteristics of a Ponzi Scheme just like Live Auction, Public Likes, and the rest.
These Ponzi schemes are fraudulent investment scams promising high returns with little risk to investors. They generate 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 always tend to eventually bottom out when this flood of new investors dries up and there isn’t enough money to go around. Don’t try your luck, if you’re reading it here, you will most likely not make the list of new investors.