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WATCH OUT FOR PUBLIC LIKES HYIP!
#Disclaimer: Kindly note that this is our sole opinion based on our findings and hence we are not held liable for any decision you make regarding PublicLikes. Also remember to quote https://t.me/beware254 as the original source of this report when sharing to social media.
Due to numerous requests we received from our members concerning the Legitimacy of PublicLikes, we decided to dive into investigations about this system that caused a lot of spamming in Facebook and WhatsApp groups. We came to realize that PublicLikes is more of a Ponzi scheme and hence should be used with caution as you risk losing your money when the system crashes. Reasons, findings and suggestions are given below.
What is a Ponzi scheme? Wikipedia defines it as “Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate investments or business activities. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.”
OUR FINDINGS:
1.The system functions well but there are some few downtimes and errors meaning the website is no yet fully up.
2. People can register and view ads to receive money in their dashboard.
3. Members who have attained the minimum amount are able to withdraw so its true people are making money with the system.
However;
WHY WE THINK IT’S A PONZI SCHEME:
1.People are paid to simply view ads on an iframe embedded on their dashboard, furthermore these ads are the same day in day out.(RED Flag)
Tell me which company in its right mind will spend huge amounts of money to simply display their website to you. Companies advertise with a sole purpose of converting visitors to clients hence they need actions done on their websites.This therefore means that PublicLikes has no to little businesses to advertise with them. Otherwise the “advertising” language is simply to cover up so that we don’t question where it gets the money to pay people.
2.Users on free accounts “Don’t earn any money on refferals until they upgrade” Innocent or rather ignorant Kenyans are simply registering and spamming their referral links right away without knowing that its all in vain. They have hid this information so that new users don’t know. Kindly visit the FAQ page and you will see. This simply shows that they are not transparent and want to benefit from your sweat.
3. Due to facts in number 1 above, we suspect that the money they get from people who upgrade accounts is the one they use to pay people. So its sustainability model is at question,they need more people to upgrade so that they continue being in business. Once they don’t get new “Investors” the system will crash,and it will crash really hard.
4. They claim that “Public Likes is a product of NCL holdings. NCL holdings has been working in the advertisement industry since November 2014 from our innovation hub in Grand Rapids,Michigan.” We however did a search online and no company with that name showed up anywhere(What the hell does NCL even stand for?) Another RED flag.
5.The website does not have encryption( https:// ) or green bar meaning your data is not safe. Its even dangerous to put your billing information on that website. A credible website should have an ssl certificate installed to protect user’s data.
And so many little reasons why we don’t trust this scheme.
WHAT DO YOU RECOMMEND?
Currently the system pays so if you are a member make money and withdraw while you can before the system crashes in future.
If you want to join, please do so at your own risk knowing that your money is at risk.
#Peace.
Wait till its servers are down…utatulia kwa hii kijiji tukufungie kwa dungeon