Scams Directory
Back to Directory

Ponzi Scheme Promising Guaranteed Returns

investment fraud

Victims are recruited through friends or social media to invest in a scheme offering guaranteed weekly returns. Early withdrawals are paid to build trust, but the platform eventually collapses and the operators disappear.

Known Contact Details

Social Media

@insta_scam_16

WhatsApp

063 965 7447

How They Request Payment

Bank Transfer (EFT)

Victims asked to deposit into an account held at Standard Bank or a fake "safe account".

Cryptocurrency

Funds moved via Binance wallet or USDT transfer to an external wallet.

Common Targets

professional

North West

2 reported
How This Scam Works

Recruitment via friends/social media → guaranteed returns → early payouts → larger investments → collapse.

Reported Locations
Rustenburg, North West, South Africa
2 reports
Est. R 136 310 lost
First reported 31 August 2023
Last reported 4 May 2026
investmentponziguaranteed returnssouth africa

This happened to me

2 people experienced this

Add missing detail

Add a known phone number, email, payment method, or location.

Sign in to add contact numbers, emails, or other details.

Want to add more detail?

Add a full report with contact numbers, names and how money moved.

What should I do?

Step-by-step guide for scam victims →