Priado Wealth Alliance: HelpGhana’s Legacy!

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Technology is now the criminals best friend; there’s now less effort in stealing a lot of money. When done right though, clueless people practically throw their hard-earned money at criminals.

How criminals utilize this power nestled within technology determines how smart or “unsmart” (I can’t say stupid) they are. Few criminals have shown themselves smart enough, but others are just plain dumb.
But then, the “inbetweeners” enjoy the spoils of decaying foundations and hope for the best.
The merry men at HelpGhana blazed the trail Priado Wealth Alliance carefully walk on now…however, no matter how professional a website looks or how sweet an offer appears, the truth will out.

The truth? Priado Wealth Alliance is the newest member on the Let-Us-Scam-Ghanaians campaign: stealing our monies GH¢30 at a time.

Following HelpGhana’s terrible example, Priado is built on a system that requires every new member pay out GH¢30, which ultimately goes to the referrer…with these new members referring new people to the platform so they can all get a piece of the action (a ponzi scheme).
Rinse and repeat until the whole world loses GH¢30

The fact remains, ponzi schemes don’t work unless somebody loses. Those at the bottom of the scheme are essentially defrauded by those on top. It’s a mathematical fact that no matter how many people join the scheme, 88 percent of the members will be on the bottom level and will lose their money.
The scheme revolves around the process of paying old investors with the money you get from new investors. The central method remains the same. All one has to do is hook a few investors who are willing to get in early on a once-in-a-lifetime business venture. The details of the investment don’t matter too much. What suckers people in is the promise of fantastic returns on investments. (Source: How Stuff Works)

After a lengthy conversation with a self-appointed “spokesperson” for Priado Wealth Alliance, it was obvious he didn’t know what he had gotten himself into. His description of the Priado’s business model is a textbook definition for a Ponzi scheme, but he just can’t understand why it’s illegal. That is a problem.

I have scoured the entirety of the Priado website in hopes of finding how the company generates wealth for it’s clients, wondering how they manage to stay afloat and be relevant when they have no clear-cut plan on making money. There is no such mention of that plan…but, they do encourage their members to bring in more “affiliates”. These affiliates come forward with their money, which is given to “older” members on the platform.

Priado is not a bank or a financial institution, but they promise members a whopping GH¢ 699, 940 for the initial deposit of GH¢30. Of course you’d have to jump through some hoops first but in the end, no legal company has what it takes to honor that promise.
What? Are they plucking out money from trees?

The “clueless” people in this venture consider this model as “networking”, but if the money is not generated by Priado but by the new recruits and then redistributed to the members, what happens when these members spend their “hard-earned” money but can’t convert new members?

There are no official social media pages for Priado, just a lot of obscure scam-looking pages with no obvious ties to the company…save for text-heavy low-res images with the Priado logo plastered all over. For a company that is allegedly legal, it does little to differentiate it’s business model from a Ponzi scheme.

What breaks my heart? My fellow Ghanaians still fall to this scam. When a new company crawls out of the woodwork with a get-rich-in-no-time offer, 9 times out of 10, that offer is most probably false and illegal.
But alas, the life of opulence blinds people to the red flags these preposterous offers raise.
Until people change from such childish fantasies, I fear we will always fall to such trickery.

Priado Wealth Alliance, you are on the radar now.

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Demolish HelpGhana!

What if I told you that the smartest people in this world don’t know everything. Even the greatest minds belonging to fictional characters – Batman, Sherlock Holmes and Sheldon Cooper – falter when they are tested in areas beyond their knowledge. Artificial intelligence doesn’t fare any better, because, in the end it was put together by “insufficient” people – but God help us when a fully realized AI is built.

The simple truth to what I’m trying to say is, no single person on earth knows everything.
If the people who built spaceships and calculate the speed of black holes don’t know everything, that doesn’t speak well for the average Joe like myself.
So, in times of self-doubt, I reach out to friends who are more “enlightened”.

A couple of months ago a friend sent in a too-good-to-be-true kind of offer. This offer, made by faux-altruist group, HelpGhana, promised Ghanaians millions of Cedis if they embedded themselves into the group. I liked what they were selling but I knew something was wrong, so, in my I-need-a-smarter-friend moment, I contacted an investor.

Long story short, he confirmed my suspicions; the offer was fraudulent.
Most pyramids schemes are.

Due to my good nature, I reached out to a lot of my friends who were considering the devils deal – and sold them off it – but that wasn’t cutting it.
So, in order to save everybody from the gut-wrenching heartache of losing “just” Gh¢10 ($3) to HelpGhana’s unethical pyramid scheme, I reported the group to a lawyer friend who promised to throw a Kantanka-branded bomb into their “operational headquarters”.

My personality rarely welcomes optimism, so after a while I was compelled to go looking for the smoldering remains of a fallen pyramid. My faith in my lawyer friend wasn’t misplaced…I just don’t trust Kantanka products.

Though HelpGhana’s activities on all platforms had crawled to virtual halt, it wasn’t entirely indicative of a dead enterprise. The higher-ups of any pyramid scheme convert as many people as possible to their cause, then sit back and enjoy the spoils of their clueless followers who keep recruiting more people;
A demonic” equivalent of a domino effect.

Continuing with promotions at this point would be unnecessary. Thus, not seeing anything in the way of advertising does not connote the destruction of HelpGhana…but an existence that has forgone the need to remain public. If that is their current state of being, then people are still losing money.

I saved a few of my close friends when HelpGhana first came to light, but now Ghana calls for my attention.
The simple and ugly truth is, pyramid schemes by nature are unsustainable; as more people are recruited, finding the next person to sway to the cause becomes nigh impossible. At this point, recruits late to the party are unable to profit since all money is funneled to the top. Before anyone catches on though, the higher-ups of this illegal venture would have made their money and Houdini’d themselves out of existence.

Like all evil and self-serving companies out there, HelpGhana offered Ghanaians a promise of a better life by choosing a proven system that allegedly rakes in a lot of money. It seemed simple enough, so scores of Ghanaians bought into the idea hook, line and sinker.

Read this excerpt:

HELPGHANA.CLUB helps you get the money or capital you need. Whether it is a business idea or any financial need, with HELPGHANA.CLUB you get to have an online platform that gives you access to and connects you with the people who are ready to help you.

We at HELPGHANA.CLUB help you with direct funding for your financial needs. With our program you are just close to financial freedom.

OUR AIM IS TO CONQUER GREED AND RAISE ENTREPRENEURS FROM AFRICA. WHEN YOU RECEIVE HUGE SUM THROUGH OUR PLATFORM, INVEST IN YOUR DREAM COMPANY AND EMPLOY MORE YOUTHS AND CONQUER THEFT, UNEMPLOYMENT AND CORRUPTION. WE CAN ACHIEVE OUR GOALS AND DREAMS AS A TEAM!

 

Now then, let’s do some math:

Level                Number of New                Total Number of
.                            Participants                         Participants

1                                  1                                              1

2                                  2                                              3

3                                  4                                              7

4                                  8                                             15

5                                 16                                            31

6                                 32                                            63

7                                 64                                           127

8                                128                                          255

9                                256                                          511

10                              512                                         1,023

11                             1,024                                       2,047

12                             2,048                                       4,095

13                             4,096                                       8,191

14                             8,192                                      16,383

15                            16,384                                     32,767

16                            32,768                                     65,535

17                            65,536                                    131,071

18                          131,072                                    262,143

19                           262,144                                   524,287

20                           524,288                                  1,048,575

21                         1,048,576                                 2,097,151

22                         2,097,152                                 4,194,303

23                         4,194,304                                 8,388,607

24                         8,388,608                                16,777,215

25                        16,777,216                               33,554,431

 

From my borrowed math above, if this vile venture started with one individual recruiting two people with each one recruiting two people, and so on, we’d exceed the population of Ghana in just 25 levels.

What do we do then?
Well, I guess West African countries are pretty “tight”, so why not invite them to the lose-your-Gh¢10 party.

People of Ghana, let me be your “smart” friend; if you’ve been tempted and you’ve made it this far in my post, I’d love to believe you’d save your small money.

If you fell victim though, please be wary of offers that sound way too good to be true.
Be the cautious Roadrunner and not the ostrich.

And…to the masterminds behind HelpGhana, I hope you all go to jail.
No! I won’t mince words.
You planned to steal money. You knew it was illegal…but carried it out anyway.
God forgive you evil lot.