Sou Sou Investment ?

[RedVEVO]

^^

They greedy and they like risks BUT not illegal .

[teems1]

https://www.ttsec.org.tt/ttsec-warns-in ... k-schemes/

Investors in Trinidad and Tobago are asked to take note of the above warning signs and remember that Ponzi schemes, pyramid schemes and prime bank schemes are false and fraudulent. The purported investments are fictional. Anyone offering a security to the investing public must first of all, be registered with the Trinidad and Tobago Securities and Exchange Commission (TTSEC) and secondly, must register the security. Even in cases where an exemption from filing a prospectus is claimed by an entity on account of distribution to sophisticated investors only, the TTSEC must still be satisfied that the security being offered is a legitimate one. Further, anyone giving investment advice to the public must be registered with the TTSEC to do so.
Persons with information that schemes such as these are operating in Trinidad and Tobago should contact the TTSEC immediately.

[Ted_v2]

Join a regular sou sou in work, couple fellas put together, 100 ah week, 2000$ payout, I joining it just cuz i feeling hard to pull out a 2k to buy a IPS monitor 1080p for gaming.

already bought a 580 strix card. just cuz i like how it looks.

couple coworkers join the 750 DSS sou sou, they on the outside circle, nobody else didnt join and they lost their money, or until the circle full then they would move up, rell scam thing in this hard time yes. next one join a 175 and reach 1400 and regift 700, still waiting to hear what he have to say. he should of been in the 30k category right now

[VexXx Dogg]

A man tell me the D in DSS stands for Dunce, not drugs.

[MaxPower]

A man tell me the D in DSS stands for Dunce, not drugs.

Lmao

[daxt0r]

if everybody accepted it have possibility to lorse dey money when they enter this chupidness, i don't see the problem with the govt having it, it was lost as they were told possible.
Sad thing even without this happening the majority would have still lost. As d man who join up a few days ago say, he know is a scam, but he eat so daiz d most important.
Dese ppl voting for any crapaud in balisier long time, dey ent d brightest bunch so maybe this is nature's natural selection at play givin more worth folks their resources. good work Kerron, eat ah food of dese fools bro.

[Chimera]

if everybody accepted it have possibility to lorse dey money when they enter this chupidness, i don't see the problem with the govt having it, it was lost as they were told possible.
.

the thing is, they use a lot of effort to promote it, boy i get through with my hand, 30k, mukesh and shaniqua get through, 30k each, we moving up to the 100k hand. the thing sure sure

because in their mind, they honestly get through, so the thing sure, and for them to get their 100k, they hadda get 5 people to buy in, and in their mind, the 5 ppl who buy in will get their 30k....if they bring their 5 people each


is only when you getting your receipt then you might realize it have a small line saying nothing guaranteed.


and then you convincing your friends and family to join up because you want your payout, and the friends and family trusting and believing you.

so if you UNDERSTAND it and do it, its greed
if you don't understand it (as many dont), its stupidity.

[88sins]

if everybody accepted it have possibility to lorse dey money when they enter this chupidness, i don't see the problem with the govt having it, it was lost as they were told possible.
Sad thing even without this happening the majority would have still lost. As d man who join up a few days ago say, he know is a scam, but he eat so daiz d most important.
Dese ppl voting for any crapaud in balisier long time, dey ent d brightest bunch so maybe this is nature's natural selection at play givin more worth folks their resources. good work Kerron, eat ah food of dese fools bro.

here's a few of the problems and why GoRTT had to get involved

During the course of lawful commerce, you pay money and in return you get back something of value (money or item or opportunity). What's happening in the case of these "sousou", is people are being promised a huge return on their money, while at the same time being told that there is the very real chance that they can lose their inputs, and many of the people have running these "sousou" from the word go have no intention to pay anyone, and what's worse, they usually don't have the assets to cover anyone. So what happens is that EVERYONE that puts in eventually loses it all. They lie to you & get others to lie to you so they easier convince you that it's legit, just to jet your money, knowing they go say "sousou buss" when ppl ketch on, and you go simply call it a loss & move on. It's basically a form of theft while indicating to you that there is a real probability of them robbing you. A bandit indicating to you that there is a 50/50 chance he plans to rob you doesn't make it any less illegal.

The next one is simpler still.
In any legal transaction, especially with a registered business, money and goods/services exchange hands, and tax revenues are collected on these transactions. The one that get's the money will pay part of it in tax, and the one that paid the money would have paid part of it as tax.
What's happening with these sousou is a set of ppl collecting money from indeterminate sources and have no plan on paying any amount of it in taxes of any kind. That's a problem.

Yet another issue, and the most serious.
These things if left to run unchecked, can be used to launder HUGE amounts of money amassed by less than legal means, and do so very quickly, using the entire population (unbeknownst to the masses) to do so. That in of & by itself has a myriad of ramifications attached to it that we eh go get into right now.

[teems1]

if everybody accepted it have possibility to lorse dey money when they enter this chupidness, i don't see the problem with the govt having it, it was lost as they were told possible.
Sad thing even without this happening the majority would have still lost. As d man who join up a few days ago say, he know is a scam, but he eat so daiz d most important.
Dese ppl voting for any crapaud in balisier long time, dey ent d brightest bunch so maybe this is nature's natural selection at play givin more worth folks their resources. good work Kerron, eat ah food of dese fools bro.

Right now it's just threatening whats app voice notes and messages.

The government knows it's a ticking time bomb which would get messy since Trinis aren't the type to accept they were made a fool of, especially those who take part in pyramid schemes. It could easily escalate to bullets and cutlass.

Better to nip it in the bud now and mitigate the work for the already incompetent police service.

[RedVEVO]

if everybody accepted it have possibility to lorse dey money when they enter this chupidness, i don't see the problem with the govt having it, it was lost as they were told possible.
.

the thing is, they use a lot of effort to promote it, boy i get through with my hand, 30k, mukesh and shaniqua get through, 30k each, we moving up to the 100k hand. the thing sure sure

because in their mind, they honestly get through, so the thing sure, and for them to get their 100k, they hadda get 5 people to buy in, and in their mind, the 5 ppl who buy in will get their 30k....if they bring their 5 people each


is only when you getting your receipt then you might realize it have a small line saying nothing guaranteed.


and then you convincing your friends and family to join up because you want your payout, and the friends and family trusting and believing you.

so if you UNDERSTAND it and do it, its greed
if you don't understand it (as many dont), its stupidity.

It's not greed to stupidity .

It's like the Lotto

[Blaze d Chalice]

Trinis too greedy overall.

But I think it would be very fair if all the people who taking David M recommendation and joining, should also go back to him for compensation if they come out tail between leg and even less empty handed.

compensation for what? being dotish? they were already told that their "gift" was non-refundable. so they hadda compensate & console themselves with themselves. When you invest in stocks you picked yourself out of tanty church hat & they crash & yuh lose yuh money you feel you could go by any broker & ask for "compensation"? So how is them asking for compensation fair?
Besides, it makes zero sense to continuously reward idiots for being idiots by saving them, they will never learn anything more than that they could do sh!t & somebody go rescue them, & very few if any of them will ever think and learn to stop doing the sh!t that got them in problems to begin with.

yuh try, yuh fail, life goes on.

No. Because Mamoo David here is telling the people that that is the way their ancestors use to do it and GT, and the reason they fighting them down is because they don't want to see black people prosper and GT etc.
Also telling them that it would only fail if they don't have the discipline, communication etc.

I don't know if he trying to say their ancestors were scammers, but then he probably would have given an honorable mention to Nigerian scammers.

Sure each group might have their own different rules and is up to you to decide, but when you have a clown like this, 'racializing' the issue and encouraging the nonsense, it doesn't help.
Maybe he shouldn't have to pay them back money-wise, but at least they should let everyone know he is a fake who encourages people in this scam, so don't listen to him.

[VexXx Dogg]

A man tell me if his sou sou hand doh come through before Christmas, he going by the admin to share some real life hand

[Dizzy28]

A man tell me if his sou sou hand doh come through before Christmas, he going by the admin to share some real life hand

He not in DSS??
I can't see Prezee getting manhandled (killed eventually maybe but not roughed up nah)

[daxt0r]

why not? bigger dan he does get touch up.
you gettin tie up when men hongory plus too he done payin heavy tax yuh feel is jus so out here lol

[VexXx Dogg]

A man tell me if his sou sou hand doh come through before Christmas, he going by the admin to share some real life hand

He not in DSS??
I can't see Prezee getting manhandled (killed eventually maybe but not roughed up nah)

nah, one ah them smaller ting he get take with.
preeze is ah army man, nobody going round he with hand alone

[K74T]

Wtf is ah "preeze"? Where dem fellas does get dem shiddy names from?

[VexXx Dogg]

why not? bigger dan he does get touch up.
you gettin tie up when men hongory plus too he done payin heavy tax yuh feel is jus so out here lol

https://www.cnc3.co.tt/more-deaths-threats-for-dss-ceo/
I guess I stand corrected. Man getting death threats yes.

[88sins]

I guess I stand corrected. Man getting death threats yes.

bigger Rooster crow louder & strut taller, & in d end still fit in d same small pot

[teems1]

why not? bigger dan he does get touch up.
you gettin tie up when men hongory plus too he done payin heavy tax yuh feel is jus so out here lol

https://www.cnc3.co.tt/more-deaths-threats-for-dss-ceo/
I guess I stand corrected. Man getting death threats yes.

“I do not have 100 million and ten million and 15 million and all of these millions rest down somewhere…all of these people who are doing DSS maths and calculations with their Grade V in Mathematics, please do not pay any mind to it or try to justify it. Let’s be real. I’m being real. If I had a 100 million and a yacht, what am I still doing in Trinidad? Catch me if you can like the Gingerbread man – I’m being honest and truthful to you and no I do not have these things.”

That's the reason people put money into the ponzi scheme. They don't understand the concept of exponential growth.

From the article

https://www.guardian.co.tt/news/police-intelligence-pyramid-scheme-a-front-for-washing-dirty-money-6.2.1221982.bd0862db1c

$3,500 - $28,000

$10,000 - $56,000

$15,000 - $100,000

So the first ponzi in 3.5k before you get 28k return. Basically 8 people to invest before you get a payout.

This is a basic geometric sequence with f(x) = 8^(x-1)

So starting at the top of the pyramid

f(1) = 1
f(2) = 8
f(3) = 64
f(4) = 512
f(5) = 4,096
f(6) = 32,768
f(7) = 2,097,152

You've already passed the population of Trinidad by 7 levels.

There aren't enough people to pay into this pyramid to keep it sustainable, and would collapse with the vast majority of people losing their money.

[Dizzy28]

why not? bigger dan he does get touch up.
you gettin tie up when men hongory plus too he done payin heavy tax yuh feel is jus so out here lol

https://www.cnc3.co.tt/more-deaths-threats-for-dss-ceo/
I guess I stand corrected. Man getting death threats yes.

“I do not have 100 million and ten million and 15 million and all of these millions rest down somewhere…all of these people who are doing DSS maths and calculations with their Grade V in Mathematics, please do not pay any mind to it or try to justify it. Let’s be real. I’m being real. If I had a 100 million and a yacht, what am I still doing in Trinidad? Catch me if you can like the Gingerbread man – I’m being honest and truthful to you and no I do not have these things.”

That's the reason people put money into the ponzi scheme. They don't understand the concept of exponential growth.

From the article

https://www.guardian.co.tt/news/police-intelligence-pyramid-scheme-a-front-for-washing-dirty-money-6.2.1221982.bd0862db1c

$3,500 - $28,000

$10,000 - $56,000

$15,000 - $100,000

So the first ponzi in 3.5k before you get 28k return. Basically 8 people to invest before you get a payout.

This is a basic geometric sequence with f(x) = 8^(x-1)

So starting at the top of the pyramid

f(1) = 1
f(2) = 8
f(3) = 64
f(4) = 512
f(5) = 4,096
f(6) = 32,768
f(7) = 2,097,152

You've already passed the population of Trinidad by 7 levels.

There aren't enough people to pay into this pyramid to keep it sustainable, and would collapse with the vast majority of people losing their money.

People know the maths not sound. However they are driven by greed and a lack of ethics and are gambling on the numbers hoping they got back at early levels and fcuk everybody later on.

[teems1]

why not? bigger dan he does get touch up.
you gettin tie up when men hongory plus too he done payin heavy tax yuh feel is jus so out here lol

https://www.cnc3.co.tt/more-deaths-threats-for-dss-ceo/
I guess I stand corrected. Man getting death threats yes.

“I do not have 100 million and ten million and 15 million and all of these millions rest down somewhere…all of these people who are doing DSS maths and calculations with their Grade V in Mathematics, please do not pay any mind to it or try to justify it. Let’s be real. I’m being real. If I had a 100 million and a yacht, what am I still doing in Trinidad? Catch me if you can like the Gingerbread man – I’m being honest and truthful to you and no I do not have these things.”

That's the reason people put money into the ponzi scheme. They don't understand the concept of exponential growth.

From the article

https://www.guardian.co.tt/news/police-intelligence-pyramid-scheme-a-front-for-washing-dirty-money-6.2.1221982.bd0862db1c

$3,500 - $28,000

$10,000 - $56,000

$15,000 - $100,000

So the first ponzi in 3.5k before you get 28k return. Basically 8 people to invest before you get a payout.

This is a basic geometric sequence with f(x) = 8^(x-1)

So starting at the top of the pyramid

f(1) = 1
f(2) = 8
f(3) = 64
f(4) = 512
f(5) = 4,096
f(6) = 32,768
f(7) = 2,097,152

You've already passed the population of Trinidad by 7 levels.

There aren't enough people to pay into this pyramid to keep it sustainable, and would collapse with the vast majority of people losing their money.

People know the maths not sound. However they are driven by greed and a lack of ethics and are gambling on the numbers hoping they got back at early levels and fcuk everybody later on.

Do they really?

If you go through this thread, you'll see people vehemently defending these schemes and comparing it to NLCB games like Lotto and Play Whe.

Lotto and Play Whey have predefined odds so it's clear to the person what the risk is.

Play Whe is simple, from 36 balls you pick 1 so it's a 1 in 36 chance

Lotto is from 35 balls choose 5 and and 1 from a separate pot of 10.
That's 35C5 * 10 which is a 1 in 3,246,320

[death365]

no really ..

.1. u miss out the re-investment of funds between lower to upper levels.
even if 50% re-invest the payout to the higher level it might be abit better.

NOW i am not supporting this but its not as bleak as u put it . also i cannot do the math but some one can adjust to put in the 50% reinvestment people.

2. people with mutliple hands

From the article

https://www.guardian.co.tt/news/police-intelligence-pyramid-scheme-a-front-for-washing-dirty-money-6.2.1221982.bd0862db1c

$3,500 - $28,000

$10,000 - $56,000

$15,000 - $100,000

So the first ponzi in 3.5k before you get 28k return. Basically 8 people to invest before you get a payout.

This is a basic geometric sequence with f(x) = 8^(x-1)

So starting at the top of the pyramid

f(1) = 1
f(2) = 8
f(3) = 64
f(4) = 512
f(5) = 4,096
f(6) = 32,768
f(7) = 2,097,152

You've already passed the population of Trinidad by 7 levels.

There aren't enough people to pay into this pyramid to keep it sustainable, and would collapse with the vast majority of people losing their money.

[Redman]

Unless of course the regifting is to pay the people that operating the scheme.

[DTAC]

[MG Man]

Saw this on fb today. Ppl done lining up to get on board

[VexXx Dogg]

LMAO

[K74T]

Blessed and highly foolish.

[Dizzy28]

IMG_1832.JPG

Saw this on fb today. Ppl done lining up to get on board

As a wise man once said "I pity the fool!!"

[MG Man]

you can see the thought process:
'jus $25...nuttn tuh lose dey'

[88sins]

you can see the thought process:
'jus $25...nuttn tuh lose dey'

Until you do the math and come to the realization that if 1000 ppl put in $25, that's $25000 in the conman hands, and they and 999 other people gave it to them, for free and willingly.Then you lose your mind a little thinking about what kinda ass you is


And it costing you more than $25 eh, cuz unlesss you walking to go meet the conman passage isn't free.

Greed, laziness and stupidity. Those are the motivations for the idiots buying into these things. It's that simple.