There’s a new ‘quick money scheme’ going viral in Ghana called “Loom Money”. With Loom Money, all you need to do is to invest as low as GHC50.00 and get GHC400.00 in return.
Loom Money Ghana is Pyramid Scheme just like ‘peer-to-peer’ money-making scheme.
So after investing the GHC50.00, you invite friends and families to join. So as more people join, everybody gets his/her GHC400.00 — that’s GHC350.00 of profit on just GHC50.00.
A lot of people are giving testimonies that they’ve gotten their money back with interest so the Loom Money Ghana investment is working.
However, some friends in Nigeria have said that it is total scam.
It’s just like ‘You’re scamming your family and friends’.
“Essentially you’re scamming your family and friends because it’s your immediate circle that you’re pushing it onto — it’s just transferring money around to different people and then eventually the people at the bottom get screwed.”
How does the Loom money work?
According to one of the WhatsApp groups, the Loom scheme pyramid level is in four places and represented by colors – Purple, Blue, Orange, and Red.
“Each time 8 people join the group, the person in the center (usually on the red spot) gets the target amount which is GHC400.00 and after investing GHC50.00 leaves the spot for the next person.
“The Loom would then be split into 2 groups, the top half and the bottom half each becomes new groups and everyone moves into the next level.
“Which means those people that were in purple move to blue, those in the blue move to orange, and those in the orange move to red (the final stage and the cashing out stage).”
In a Facebook post seen by Business Insider SSA by Pulse, the promoter explained that “the more people you manage to add to the circle, the quicker the movement of it, and thus, the easier it will be for you to make your money.”
“Loom Money Ghana promises a staggering easy cash reward of GHC400 for paying GHC50.00,” the Facebook post reads with a link to a closed WhatsApp group.
Investigations across WhatsApp platforms show that the Loom Money Ghana fever came into the country just this June, 2019.
However, the scheme started in UK, spread to Australia and then to other parts of the world such as Nigeria.
I Deserve More Ballon D’Or Awards Than Messi : Ronaldo
Portugese football star, Cristiano Ronaldo who has a world’s best player (Ballon d’Or) awards tie with Lionel Messi, has stated that he deserves more awards than the Argentinian player.
Ronaldo expressed how eager he was to finish with at least one more trophy than Messi as he sat for an interview with Piers Morgan on Britain’s ITV on Tuesday, September 17.
“I would love [more], and I think I deserve it,” the Juventus forward told ITV’s Piers Morgan in an interview.
The 34-year-old said, “Messi’s in the history of football – but I think I have to have six or seven or eight to be above him,” hinting that retirement is not in his plans anytime soon.
The superstar footballer also said he considers himself the best footballer in the world even if football fans think otherwise.
“I’m sure I’m in the history of football for what I have done and what I’m continuing to do, but one of the best players in history,” the former Manchester United and Real Madrid star said.
“For me, the number one in history, but for some fans, if the number one is another one and I’m second, it doesn’t matter. I know I’m in the history of football as one of the greatest ever,” he added.
He reiterated that he’s not friends with Messi but added that they have a good relationship.
“My relationship with him is, we are not friends, but we have shared this stage for 15 years. I have a good relationship with him and I know that he has pushed me to be a better player and I have pushed him to be a better player as well,” Ronaldo said.
Ronaldo has been locked in a head-to-head battle with the Argentinian maestro for more than a decade. They currently find themselves tied with five Ballon d’Ors each.
School Fire Kills At Least 26 Children And Two Teachers In Liberia
At least 26 children and two teachers have been killed after a fire broke out at a Koranic boarding school near the Liberian capital Monrovia on Tuesday night, the president’s office said on Wednesday, September 18.
Emergency services had told President George Weah 28 people had died, his spokesman Solo Kelgbeh told AFP, as the president visited the site in Paynesville, on the outskirts of the capital.
“The kids were learning the Koran when the fire broke out,” police spokesman Moses Carter said. “The cause is not known yet.”
Confirming the sad news on Twitter, President George Weah wrote: ‘My prayers go out to the families of the children that died last night in Paynesville City; as a result of a deadly fire that engulfed their school building. This is a tough time for the families of the victims and all of Liberia. Deepest condolences go out to the bereaved
Families and the entire Islamic Community. May God strengthen them and give them the courage to persevere. Let’s continue to keep the families in our prayers.’
Cristiano Ronaldo Is Searching For A Woman Called ‘Edna’ And Two Others Who Gave Him Burgers When He Was A Poor Kid
Superstar footballer, Cristiano Ronaldo is searching for a mystery woman named ‘Edna’ and two other staff of McDonald’s, who gave him burgers when he was a poor kid in Portugal.
The 34-year-old Juventus striker disclosed this during his in-depth interview with Piers Morgan on ITV.
The former Real Madrid star said he used to beg for burgers from three McDonald’s staff on the island of Madeira when he was a poor kid.
Ronaldo, who is now rated among the five richest footballers in the world is hoping to track down the women who helped him during his time of need.
“We were a little hungry. We have a McDonald’s next to the stadium, we knocked on the door and asked if they had any burgers,” he said on ITV.
“There was always Edna and two other girls. I never found them again.”
The McDonalds restaurant is now closed but Ronaldo wants to find Edna so he can “give something back” following her selfless gesture to him.
“I asked people in Portugal, they closed the McDonalds, but if this interview can help find them, I would be so happy,” he added.
“I want to invite them to Turin or Lisbon to come to have dinner with me because I want to give something back.”
See his full quote below.
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