SINT MAARTEN/CURCAO - The Centrale Bank of Curaçao and Sint Maarten (CBCS) issue a warning to consumers following a recent message circulated by the platform Quick Promo.
The message requires participants to deposit an additional USD 300 within 72 hours to verify their account. It further states that those who fail to comply risk losing their accounts and, consequently, any funds they have already invested.
The CBCS views this development as a serious indicator that a pyramid scheme may be under financial strain and potentially on the verge of collapse. In such schemes, payouts to existing participants are typically funded by the contributions of new participants.
When the influx of new capital slows down, difficulties in making payouts often arise. Demanding additional deposits to pay out existing balances can be an indication that the scheme is no longer able to meet its financial obligations.
Making an additional payment offers no guarantee that previously invested funds can be recovered. On the contrary, consumers risk losing even more money.
The CBCS advises participants to keep all communications and transaction records, and to resist pressure, whether in the form of short payment deadlines or threats regarding the loss of their funds.
