YIPTG has acquired a pyramid scheme fraud warning from Russia.
As per the Central Financial institution of Russia’s Could fifteenth warning, YIPTG displays “indicators of a monetary pyramid”.
As reviewed by BehindMLM in April, YIPTG is a “click on a button” app Ponzi scheme.
YIPTG’s Ponzi ruse is quantitative buying and selling. Buyers obtain the app, make investments tether after which “click on a button” to qualify for every day returns.
With no verifiable supply of exterior income, the one verifiable supply of YIPTG withdrawal income is invested funds.
The pyramid factor exists by means of YIPTG financially incentivizing recruitment of recent buyers.
With no fixed stream of recent buyers signing as much as lose cash, YIPTG will promptly collapse.
As of April 2024, SimilarWeb ranks prime sources of visitors to YIPTG’s web site as Germany (50%), Russia (22%), the US (10%) and Hungary (8%).
YIPTG is one in every of a whole bunch of “click on a button” app Ponzis launched since late 2021.
Chinese language crime pursuits working throughout Asia are believed to be behind the continued “click on a button” app Ponzi plague.