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After the collapse of the MMM Ponzi scheme, another one is in the oven-Bitcoin Ponzi scheme. The Bitcoin is already spreading like wildfire in East and West Africa regions. It is still to make an impact in Southern Africa but we expect it to reach full scale by March 2017.

Its operation should be straight forward-One pays a joining fee and you get paid by referring other members to join. High interest returns being given to investors before the scheme collapses.

Do check out adverts already circulating in West Africa.

bitcoin-5 bit-coin-7 fake bit-coin-fraudsfrudo

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Victor Muchemwa

The author Victor Muchemwa

Victor Muchemwa is a Chartered Management Accountant, ACMA, CGMA and an award winning business coach and consultant. Author of 5 books and skilled in financial analysis, strategic planning, risk management, and business coaching. Contact +263 773 055 063
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