Kipi - Mydeposit247

[lagoaty]

Hi

Does anyone know about them?
Is it safe?

http://www.kipi.wozaonline.co.za/home

 

[Mavix]

Hosted on wozaonline, seems legit

 

[Mavix]

Also I'm sure an "international community" would have a .com address or at the very least be able to afford a local .co.za address...

 

[Mavix]

Donate R500 and
get R1 000 after 3-5 months;
or get R5 000 after 9-13 months;
or get R10 000 after 12-16 month

Maybe I don't quite understand how it works, but there's a saying that goes "If it seems too good to be true, it is."

 

[borga]

When you donate money

So you donate money, so if this scheme end you are not legally entitled to you money as you gave it away by means of a donations.

A person entrusted to receive donated funds from a community member is a person who has bought a dream.

So you trust your money to other people and and other people are always trust worthy. (sarcasm)

For instance, if you deposited R5 000.00 you can be trusted to keep R3 000.00 and when you decide to use that R3 000.00 you will be suspended and lose your membership and profits.

Where is the other 2k? who has it?

The money you donated to a community member accumulate profit

Where does this profit come from? is it a situation where your "Profit" is just other peoples money (possibly the 2k difference above).

That is why this community is a self governing and self regulating business because funds are kept by the community and not by the company.

So they avoid having to comply with all the regulation we have for banks taking deposits.

The company makes a profit by exchanging currency because all currency is subject at being exchanged from currency to Coin rates

You don't make profit by exchanging one currency for another, you need a change in the value between currency before you make profits unless you are referring to transaction cost on exchanging one currency for another like a bank does when you buy other currencies, but then to whom is this costs charged since everyone seems to make a "Profit". And these currency to "Coin" (intangible object created and controlled by them) rates, who determine these exchange rates?

Conclusion, there are way too many things that seems fishy.

P.S. There is no low risk investment that will turn R5,000 into R10,000 withing 3-5 months or R5,000 into R100,000 within R100,000, Turn R500 into R2mil in 48 months? this has the hallmarks of a Ponzi scheme.

I would advise anyone to stay away from this and anything financial investment that you don't understand, and even though I consider myself to have a high level of financial understanding, I will admit that I don't entirely understand this and would avoid it at any cost.

Edit: Seems like a crowd funding website where you fund someones dream and others in turn funds yours. So with your dream being more than you put in, the amount funded by people would have to continue to increase for everyone's dreams to be funded, very ponsi scheme behavior and should not be seen as a investment

http://www.bdlive.co.za/business/2013/07/28/poor-man-s-ponzi-takes-195000-for-a-ride

A very important concern is also that your return is not paid by this company but by other members, so this seems like a great way for criminals to use you to launder money.

 

[^^vampire^^]

Seems legit - put your money in and let us know how it works out for you

 

[Nikita_k]

Hi

Does anyone know about them?
Is it safe?

http://www.kipi.wozaonline.co.za/home

Remember DEFENCEX? Remember the founder of it?
yup same guy! and we all know where defence went right...

 

[semelane]

A want to join as soon as possible

 

[ToxicBunny]

Thats nice..

Save your money and do something useful with it.

 

[Batista]

Work proxy blocks it as spam

 

[SauRoNZA]

No one even mentions the low resolution images that they obviously stole from somewhere else.

 

[The_Mowgs]

A want to join as soon as possible

Do it, do it RIGHT now. Dont pass the toilet, dont leave a floater, just join them this very moment!!!

 

[patrick]

It's a great business model, for the founder. Ponzi schemes are very profitable if you can stay out of jail.

 

[Wall]

shut up and take my money already!

 

[skinndeep]

Its sad that people actually fall for this

 

[khumbu mbhele]

Hey anyone who can explain about how it go

 

[Freaksta]

Sad thing is that it's been on Facebook since 2013.

 

[unobeat]

My other Aunt has joined this and so far she says things are going well.
I wonder until when??

 

[scienide]

So a guy at work brought his tablet for me to fix and on his emails I saw this , so googled a bit.
will post some pics

 

[kallie_marie]

Did you find anything?