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Scam - PriAdo Wealth Alliance at priadowealthalliance.com is a Ponzi or Pyramid Scheme

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Scam - PriAdo Wealth Alliance at priadowealthalliance.com is a Ponzi or Pyramid Scheme

PriAdo Wealth Alliance located at www.priadowealthalliance.com is a Ponzi or pyramid scheme. The fraudulent website tricks potential victims into registering by claiming it provides very sound financial education to partners on how to manage their personal finances, invest and grow their money. But, the only people that will gain financial freedom or find financial prosperity are the scammers who are operating the website. Therefore, online users are advised not to register with the website or become a member. And, those who are already members are asked to stop making payments to the website.

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The Ponzi or Pyramid Scheme Website - www.priadowealthalliance.com

www.priadowealthalliance.com - PriAdo Wealth Alliance

The website PriAdo Wealth Alliance is considered fraudulent or a scam because they promise members or investors large profits based primarily on recruiting others to join their program, not based on profits from any real investment or real sale of goods to the public, making them appealing to people who want to make some quick cash.

Why is PriAdo Wealth Alliance a Pyramid or Ponzi Scheme?

PriAdo Wealth Alliance is a pyramid or Ponzi scheme because they do not do any form of investments, sell products or services to make money. Instead, they take money from new members that old members recruit, to pay the same old members. If PriAdo Wealth Alliance fails to recruit new members, they will be unable to pay old members, which will cause the scheme to crash. Once the scheme crashes, the owners will take whatever money they have collected and disappear.

The owners of PriAdo Wealth Alliance just collect money from new members, and pay some out to old members and keep the rest for themselves. That is all they do. Once the pyramid scheme fails, new members will suffer the most, because they will not get back a single dime of their so-called investment. For the owners, it will be a big payday for them, because they would have already collected thousands or millions of dollars from their members or participants.

What is a Pyramid or Ponzi Scheme?

A pyramid or Ponzi scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.

In a pyramid scheme, an organization compels individuals to join and make a payment. In exchange, the organization promises its new members a share of the money taken from every additional member that they recruit. The directors of the organization (those at the top of the pyramid) also receive a share of these payments. For the directors, the scheme is potentially lucrative - whether or not they do any work, the organization's membership has a strong incentive to continue recruiting and funneling money to the top of the pyramid.

Such organizations seldom involve sales of products or services with value. Without creating any goods or services, the only ways for a pyramid scheme to generate revenue are to recruit more members or solicit more money from current members. Eventually, recruiting is no longer possible and most members are unable to profit from the scheme.

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  • Posted: Monday at 3:33 AM by an anonymous user from or near: Accra, Greater Accra Region, Ghana

    Thanks for the in for.
    May God bless you

    delete


  • Posted: Jan 2, 2018 by an anonymous user from or near: Kpandu, Volta Region, Ghana

    Thanks a lot for this secret...... What about an organization called helping hand international???
    It works exactly as the PWA

    delete


    • Posted: Jan 3, 2018 by info

      <a href="/article/2017/4/7/beware-of-helpinghandsinternational-h2i-it-is-a-ponzi-or-pyramid-scheme/">Click here</a> for information.

      delete


  • Posted: Oct 1, 2017 by an anonymous user from or near: Johannesburg, Gauteng, South Africa

    Thanks for this comment. I registered but no one recruited me.

    delete


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