Gold2Patti: Is It a Gambling-based Ponzi Scheme?

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Gold2Patti has too many red flags and it might be a dangerous Ponzi scheme. Find out if you can trust them or not in this review.
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On its official website, Gold2Patti does not give executive or company details.

The main page of Gold2Patti’s webpage is not much more than a partner sign-in type:

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On May 24th, 2023, Gold2Patti’s website domain, gold2patti.com, was privately registered. 

If a network marketing organization is not honest regarding who operates or owns it, consider twice before enrolling or giving out any of your cash. 

Products by Gold2Patti

Gold2Patti does not sell any goods or provide any services. Associates can only promote Gold2Patti associate subscriptions.

If you have sensitive information or have had a personal experience with Gold2Patti but want to stay anonymous, then submit it using our secured form. You can connect with our expert contributors and help in finding the truth. We never share your information with 3rd parties.

Compensation Plan for Gold2Patti

Members of Gold2Patti trade in Pakistan Rs. using Pakistani processors of payments or cards from banks.

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This is accomplished in exchange for apathetic returns the following results:

Product Invest Receive 
2 Patti 500 Rs. 80 a day 
Sweet Bonanza 1000 Rs. 150 a day 
Car Roulette 2500 Rs. 360 a day 
Black Jack 5000 Rs. 720 a day 
Zoo Roulette 8000Rs. 1850 a day 
Andar Bahar 13,000Rs. 3000 a day 
Dragon vs. Tiger 25,000 Rs. 5500 a day 

MLM incentives are paid by Gold2Patti according to downline capital generation:

Generate Investment and Recieve 
Rs. 100,000Rs. 10,000
Rs. 200,000Rs, 30,000
Rs. 300,000Rs. 50,000

Participating in Gold2Patti

Gold2Patti membership in an affiliate program is completely free.

An initial commitment of 500 rupees is required to fully participate in the associated income potential.

What is a Ponzi Scheme?

A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.

Conclusion

I was first perplexed while studying Gold2Patti since I continually encountered allusions to “Patti” in non-MLM betting contexts.

It seems that “Patti” is a card allusion. In a word, Gold2Patti’s potential for investment is based on betting.

Gold2Patti, in actuality, has nothing to do with betting. It’s a simple app scam in which fresh investments are employed to pay out prior users’ repayments.

Gold2Patti
Gold2Patti rewards

As a result of additional MLM scams, once associate recruiting is exhausted, fresh capital is going to dry up.

It is going to deprive Gold2Patti of ROI earnings, eventually contributing to its demise.

Ponzi scams’ logic ensures that whenever they fail, a great deal of those involved lost cash.

What is Ponzi Scheme?

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A Ponzi pyramid scheme is a deceptive financial operation. It entails leveraging money received from fresh investors to repay previous investments. 

The Ponzi scheme planners typically offer to put away the funds that they receive to make extraordinary revenues with no or little risk.

Nevertheless, the scammers do not intend to make investments with the funds in the actual term. They are planning on paying off the initial investors to lend credibility to the scam appear credible. 

As a result, a Ponzi-like scheme needs a steady flow of cash to function. The plan collapses when its leaders are unable to acquire fresh participants or whenever a large number of current shareholders opt to pull the cash.

Dismantling Ponzi Schemes

A pyramid scheme is a financial scheme in which participants receive promises of large profits. Businesses that engage in fraudulent activities devote their entire effort to attracting prospective customers. 

When newcomers make investments, the cash is gathered & utilized to compensate those who initially invested in the form of “returns.”

Ponzi Scheme’s Red Flags

  • Investing that is not registered

When investing in a scam, make sure that the investment firm has registered with the United States Securities and Exchange Commission. If it is logged in, a shareholder may obtain data about the business to assess its legitimacy.

  • Unlicensed vendors

A particular license or registration with a governing authority is required by state as well as federal law. The majority of Ponzi scams involve unregistered persons and businesses.

Final Thoughts 

A Ponzi scheme is just a fraudulent transaction. The plan, whose name comes from the 1920s-era scammer Charles Ponzi, guarantees regular large-scale profits while posing zero danger. 

Despite such a method may work in the near term, it ultimately runs short of funds. As a result, shareholders ought to be wary of investments that appear to be too appealing to be real.

Gold2Patti: Is It a Gambling-based Ponzi Scheme?
Gold2Patti: Is It a Gambling-based Ponzi Scheme?

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