Investment

Opay Investment Platform on Telegram is a SCAM: BEWARE

There are multiple channels on the messaging app Telegram, with the name Opay Investment Platform, Opay Cash Trade Platform – these are all Ponzi schemes and you should stay away from them.

Ever since the notorious success and eventual crash of MMM in 2015, several Nigerians have been trying to replicate something similar.

Be it online fraudsters who are trying to scam unsuspecting people of their hard earned cash, to greedy victims who know that a Ponzi scheme will eventually crash but they want to cash out before it crashes.

The latest of these fraudulent schemes is called Opay Investment Platform which primarily get their victims on Telegram and other social media platforms.

But first, there is Opay app – it is a legit and duly registered payment processing platform owned by the same Chinese owners of Opera Mini web browser. Opay is a legit company that is not associated with these fraudsters. The company also has an investment feature which can be found within its Mobile app.

Opay Investment Platform and others who use the Opay brand name on Telegram claim to be into Bitcoin mining and other investments. They listed the following investments when I contacted one of such channels on telegram while doing research for this article.

Opay is an Investment marketplace that aggregates carefully profiled investment opportunity for it’s investors
Opay investment offers 50% profit in 24hours.

Minimum Investment is ₦10,000
Maximum is ₦1,000,000

We go into ;

✅Natural honey production
✅bitcoin mining, selling of gold
✅Import & Export of Agro Allied Products
✅ Foodstuffs exportation
✅Power generation and
✅ Upstream petroleum services.
✅Lend money to the cooperative.
And getting back our investments in 24hours that enable us pay investors.

First of all, there’s no Bitcoin mining happening in Nigeria, the process is way too energy intensive to be done in a country with unstable electricity supply like Nigeria.

Most of the claims and “investments” are so ridiculous one wonders how do people even fall for such cheap scams. But people are actually sending money to these scammers, I found this Nairaland thread of a guy who “invested” 10k hoping to cash out double only to be blocked by the person he had sent money to.

Opay Investment Platform actually promise there victims double their investment in 24 hours – that’s how they entice greedy people who are looking for free money without work. They posted these “investment” plan for those looking for free money.

PROMO PACKAGE OFFER FOR EVERY NEW MEMBER IN WHICH YOU CAN BENEFIT FROM OUR GENUINE SERVICES, AND IT IS ONLY FOR OUR NEW MEMBERS IT’S ONLY DONE ONES.

MINIMUM 50,000
MAXIMUM 1,000,000

THIS IS OUR PROMO PLAN

50,000👉👉👉150,000
100,000👉👉👉300,000
150,000👉👉✌450,000
200,000👉👉👉600,000
250,000👉👉✌750,000
300,000👉👉👉900,000
350,000👉👉1,050,000
400,000👉👉1,200,000
450,000👉👉1,350,000
500,000👉👉1,500,000

IN LESS THAN TODAYS

That is our promo package plan for every new members here

In less than 4hour your investment drop…

They also post photoshopped images of bank alerts and any one who asked too many questions is quickly removed from the channel, only positive messages from the admins is allowed in the channels.

These are all fake bank statements designed to entice unsuspecting victims.

Online scammers who won’t think twice before taking all your money are everywhere on the internet. Always do your research and ask questions before “investing” in anything on the internet. If it sounds too good to be true, that is because it is too good to be true.

Stay away from investments that promise to pay you double in 24 hours. Real Investments involves risk, anything that guarantee you money in short period of time is most likely a scam.

And finally, people are making money from bitcoins, for those who know about it. If anyone online is asking you to bring money for them to invest it for you and they are making guarantee of some kind of outcome, that’s most likely a scam that you should run away from. The street is hard, money is scarce, always do your research before parting with it.

Ismaeel

Statistician with interests in finance, risk management, loan products and market surveys. I also write on crypto currencies, Forex and a variety of financial instruments.

9 Comments

  1. I invest more than 60,000 up to 8 days they would not credited to my account and I pay 10,000 for transfer charges

  2. Yh they were chatting with me on WhatsApp saying if I transfer 5,000 I will receive 10,000 in 30 minutes
    But I showed them dat I can’t be scammed.the admin profile picture is on priestly attire And even his colleagues are on reverend brothers and sisters attire Trying to prove their genuineness

  3. I was Ask to deposit 20thousand and I did
    Again they told me to deposit 32000 dat have not been using my app well I did before I no they are scram

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