THE UNDERCOVER PYRAMID SCHEME/SCAM IN RWANDA

A Pyramid Scheme/SCAM is a fraudulent and unsustainable business model that primarily relies on recruiting new participants rather than selling actual products or services. It is called a “pyramid” scheme because it typically takes the shape of a pyramid, with a single person or a small group at the top, a layer of people beneath them, and so on, forming a pyramid-like structure. Participants are encouraged to recruit others into the scheme, and those new recruits are then required to recruit even more people.

Annest Namata went to Rwanda and started a pyramid scheme operating from a house and has so far has managed to scam quite a number of people mainly desperate youth looking for jobs with claims that she is helping people start businesses and also claims that she is a food expert. I will state this again, Annest Namata is a thief and a con who pretends to be religious. There is absolutely nothing religious about her and she doesn’t have any integrity as some people may think.

How can a country operate when you have a thief operating a scam as a business scamming the youth who are the future of the country?

Annest Namata’s pyramid scheme is called LCL SaladMaster Rwanda.

Here are some key characteristics of pyramid schemes:

1. Recruitment Focus: Pyramid schemes prioritise recruitment of new participants over the sale of actual products or services. Participants are often required to pay a fee or buy a product themselves as a condition for joining.
2. Promise of High Returns: Pyramid schemes promise high returns on investments or memberships, often with the potential to become rich quickly. These promises are often unrealistic and unsustainable.
3. Lack of Genuine Products or Services: In pyramid schemes, the products or services offered are often of low quality or non-existent. The focus is on getting more people to join rather than providing value.
4. Geometric Growth: As more participants are recruited, the pyramid scheme grows exponentially. Eventually, it becomes mathematically impossible to sustain because there aren’t enough new recruits to support the ever-expanding structure.
5. Unsustainability: Pyramid schemes collapse when recruitment slows down, and participants at the bottom of the pyramid are unable to recruit enough new members to provide returns to those higher up. Most people involved in pyramid schemes end up losing their money.
6. Illegal in Many Countries: Pyramid schemes are illegal in many countries because they are fraudulent and often result in financial harm to participants.
7. Manipulative Tactics: Pyramid schemes often use various manipulative tactics to lure in new participants. This can include testimonials from supposed successful participants, the promise of exclusive secrets to financial success, and pressure to recruit friends and family.
8. Recruitment Incentives: Pyramid schemes may offer incentives for recruiting new members, such as bonuses, commissions, or rewards for bringing in others. These incentives can create a strong motivation for participants to focus on recruitment rather than actual product or service sales.
9. Legal Consequences: Participating in a pyramid scheme can have serious legal consequences. Many countries have laws specifically targeting pyramid schemes, and those found guilty of operating or promoting such schemes can face fines and imprisonment.
10. Victims Are Often Friends and Family: Pyramid schemes frequently target individuals within close-knit communities, such as religious or cultural groups, where trust among members is high. This can make it difficult for victims to report the scheme or seek legal action against the perpetrators, as they may be reluctant to expose friends or family.
11. Variations of Pyramid Schemes: Pyramid schemes can take on various forms, including cash gifting schemes, chain letter schemes, and Ponzi schemes. While the specific details may differ, the underlying principle of recruiting new participants to provide returns to earlier investors remains consistent.
12. Early Participants Benefit: In the initial stages of a pyramid scheme, those at the top of the pyramid may indeed receive some returns, which can create a false sense of legitimacy. However, this success is achieved at the expense of later participants who are unlikely to see any returns.
13. Red Flags: To identify a pyramid scheme, watch out for red flags such as high-pressure tactics to join quickly, promises of guaranteed returns, a lack of transparency about the business model, and a focus on recruitment with minimal emphasis on actual product or service sales.
14. Consumer Education: Authorities and consumer protection agencies often provide resources and information to help people recognise and avoid pyramid schemes. It’s essential to educate yourself and others about the dangers of these schemes to prevent falling victim to them.

It’s important to distinguish pyramid schemes from legitimate multi-level marketing (MLM) or network marketing companies. While both MLMs and pyramid schemes involve recruitment, legitimate MLMs have a focus on selling real products or services, and participants can earn money through both product sales and recruitment. Pyramid schemes, on the other hand, primarily rely on recruitment and offer little to no value through their products or services.

How to protect yourself from Pyramid Schemes:

• Due Diligence: Before getting involved in any investment or business opportunity, conduct thorough due diligence. Research the company, its founders, and its products or services. Be skeptical of any opportunity that lacks clear and verifiable information.

• Ask Questions: Don’t be afraid to ask questions about the business model, revenue sources, and compensation structure. Legitimate businesses should be transparent and willing to provide you with the information you need to make an informed decision.

• Beware of Pressure: Be cautious if you’re feeling pressured to join quickly or if the opportunity relies heavily on creating a sense of urgency. Scammers often use high-pressure tactics to prevent potential victims from taking the time to investigate further.

• Consult with Experts: If you’re unsure about the legitimacy of a business opportunity, consider seeking advice from financial advisors, lawyers, or consumer protection agencies. They can help you assess the opportunity and determine if it’s a pyramid scheme.

• Understand the Laws: Familiarise yourself with the laws and regulations regarding pyramid schemes in your jurisdiction. Reporting fraudulent schemes to the appropriate authorities can help prevent others from falling victim to them.

• Educate Others: Share your knowledge about pyramid schemes with friends and family. Encourage them to be cautious and skeptical of any opportunity that relies heavily on recruitment and promises of quick wealth.

• Report Suspicious Activity: If you believe you have encountered a pyramid scheme or have been a victim of one, report it to the relevant authorities or consumer protection agencies. Your report can help authorities take action against the perpetrators and prevent further harm.

• Be Wary of Online Scams: With the rise of the internet, pyramid schemes can also proliferate online. Be cautious when engaging in online business opportunities, especially those that promise huge returns with minimal effort.

If you ever come across a business opportunity like LCL SaladMaster Rwanda that seems too good to be true or raises suspicions, it’s crucial to research it thoroughly and seek advice from financial professionals or regulatory agencies if necessary. Avoid participating in pyramid schemes, as they can have devastating financial consequences and are illegal.

Before getting involved in any business opportunity, it’s essential to conduct thorough research, ask questions, and be cautious of any scheme that promises unrealistic returns or heavily emphasizes recruitment over product or service sales.

Pyramid schemes should be avoided at all costs, as they are illegal and can lead to significant financial losses.

So avoid LCL SaladMaster Rwanda at all costs. Don’t make yourself Annest Namata’s victim.

Pyramid schemes are illegal in many countries, including Rwanda, and can result in severe legal consequences for those involved. If you suspect that you or someone you know has been a victim of a scam or fraudulent scheme, I recommend contacting the relevant authorities or consumer protection agencies in Rwanda for assistance and guidance. It’s important to report such activities to help protect others from falling victim to similar scams and keeping quiet about it.

 

ARE YOU STILL BEING FOOLED THAT YOU CAN EARN $400-$800 A WEEK IN RWANDA?

$400 is the equivalent of roughly 414,390 Rwandan Francs. How many Rwandans make or earn that in a week even in corporate jobs and or businesses? Do you really think you can make that money with Annest Namata selling saucepans? You are dreaming! Do not be fooled by her scam lies.

This is what Annest Namata the thief is fooling her victims with.

Don’t forget she has changed it from the claim that she can help you earn $800 a week. She claims that she is in Rwanda to help people start businesses and earn big money.

Annest Namata came from Uganda, a country with 82%+ unemployment. Why didn’t she help the people there by creating businesses for them? What success in business does she have to talk about? All she did was specialise in stealing from peoples businesses and her former employers business.

She went to Rwanda intentionally to con and steal from people who don’t know anything about her. She tried the pyramid scheme in Uganda but people knew her thieving history. Well, I am here to expose her history and her scamming and thieving life.

Below is her thieving/conning online advert:

The above youth are Annest Namata’s front end “victims” that she now uses to convince her prospective victims that she will create businesses for them and they will earn up to to $400 -$800 a week. They claim they have made it in life. Watch their life and prove for yourself if they have made it in life. By simply looking at them, do they look like they make $400 to $800 a week? I can guarantee you they don’t make even $50 a week.

Do the Rwandan youth in the above picture look like they make $800 or $400 a week?

Do you really think that the THIEF Annest Namata can help you make that kind of money in a week? What exactly would you be doing to make that kind of money? She’s saying selling cookware. Can you imagine there are some people falling victim to that lie and con? Sadly, 99.9% of them are the youth who are desperate to get a job or earn a living.

That cookware that she claims she is selling, costs thousands of dollars. How many ordinary Rwandans can afford it for anyone to be able to sell it and make $400 to $800 a week?

C’mon wakeup Rwandans, you can do better than that. Why are you allowing a con woman to come and con you like that?

All Annest Namata the serial thief is after is recruiting you in her pyramid scheme. She will indeed change your life by reaping you off. You will lose all your money and she enriches herself.

The truth is Annest Namata wants you to join her pyramid scheme so that she can exploit you. if you don’t make that money she claims you can make, she will tell you that you are not working hard enough. However, for every person you bring on board or if you manage to sell anything, she gets the biggest commission. Annest Namata is basically living off your misery and time wasting sweat.

If Annest Namata has a genuine authentic business, then why can’t she open a store/warehouse in Kigali Rwanda to sell that cookware that she claims is the best in the world? Ask yourself that question.

For your information, anyone involved in pyramid scheme selling like Annest Namata who is a serial thief is advised to dress the part and act the part i.e. to act like they are a great success as a result of selling cookware or whatever other product they use for the setting up the pyramid scheme. So the Annest Namata you see posing acting like she has she has made it in life is simply faking it and stealing and conning people to make money. That is what she has always done.

Read my past blog posts that clearly explain what a pyramid scheme is in case you don’t know what it is.