Skainet Methods is complaining about “liquidity points”, which is Ponzi communicate for “new funding isn’t overlaying withdrawals”.
Skainet Methods’ resolution is to beg traders to take them up on one other six month fund freeze, incentivized by a “loyalty bonus”.
What occurs after the second six-month interval? Effectively right here’s the factor…
Skainet Methods launched on or Could/June 2024. The unregistered funding scheme is run by Michael Baur, a serial MLM Ponzi promoter hiding out on Dubai.
Customers are pitched on passive returns of as much as 40% a month, however the catch is invested funds are locked for six months.
Actual Skainet Methods month-to-month ROI charges aren’t public however they in all probability aren’t wherever close to 40%.
Anyway, six months from April/Could 2024 places as at November/December. Not surprisingly, as early traders started cashing out Skainet Methods delayed withdrawals in late November.
Because the Ponzi scheme continued to hemorrhage cash main as much as Christmas, a “loyalty bonus” was introduced mid December.
In a nutshell, as a substitute of withdrawing, Skainet Methods traders are incentivized to reinvest once more for one more six months. This pays as much as 10% on the quantity reinvested, however funds are as soon as once more locked for six months.
Anybody with half a mind ought to be capable to determine this for what it’s; Skainet Methods kicking the can down the street.
Quick-forward to April/Could 2025, and Skainet Methods has to pay out much more cash it very clearly doesn’t have.
Between November and December 2024, SimilarWeb tracked a 38% drop in Skainet Methods’ web site site visitors. Early traders have cashed out, recruitment of recent suckers has tanked and issues are solely going to worsen.
What little Skainet Methods recruitment is happening is occuring within the UAE and Sweden. These saps evidently missed the primary six-month interval and are relying on there nonetheless being a gravy prepare six months from now.
Whereas it’s doable Skainet Methods continues to seek out sufficient new suckers to kick the can down the street a little bit longer, you even have inevitable Ponzi math effervescent away within the background.
The longer a Ponzi scheme operates, the extra its ROI liabilities spiral uncontrolled.