‘Run for your life’, SiBAN alerts members on Binomo Investment Scam

The Stakeholders in Blockchain Association of Nigeria (SiBAN) has alerted it’s members on a scam investment campaign called BINOMO INVESTMENT.

'Run for your life', SiBAN alerts members on Binomo Investment Scam 2

The warning was issued today per an official release.

“Run for your life and never look back. This is high-level scam. A PONZI.” Reiterates the SiBAN report.

Also Read: SIBAN introduces Scam List, to bring about Sanity in Nigeria cryptospace

According to the statement, BINOMO INVESTMENT is creating Whatsapp groups from which it markets its scam investment packages to unsuspecting members of the public whom it either adds to such groups or join such groups in search of investment opportunities.

The number used to create the scam WhatsApp group is +2348025135299 while the number used by Mr Ade the scammer is +2347068726300.

'Run for your life', SiBAN alerts members on Binomo Investment Scam 3

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However, the scam BINOMO INVESTMENT IS NOT the same as BINOMO (Binomo.com) which is a broker. The BINOMO INVESTMENTS in question maintains a dead-end site at binomo.binaryoptionindo.com.

'Run for your life', SiBAN alerts members on Binomo Investment Scam 4

BINOMO INVESTMENT reportedly offers scam investment packages it describes as Student Packages, Salary Packages, and Business Packages, all attracting a return of 100%. The Student Packages start from as low as N10,000 investment and as high as N40,000 investment, while the Salary Packages start from N50,000 to N80,000. Lastly, the Business Packages start from N100,000 to as high as N500,000.

“It is people like the promoters of BINOMO INVESTMENT that give the blockchain community a bad name. Please always avoid such scams. They are criminal.

“Before it’s too late for unsuspecting members of the community and the public, please share this SiBAN SCAM ALERT on all the platforms you belong.” Concludes the report.

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