12 for 12, also known as Twelve For Twelve is a scam because it is nothing other than a Ponzi Scheme, means an illegal and unsustainable scheme.
OK, we know that you want to know why is TwelveForTwelve a scam, what makes 12 for 12 a scam, why is 12 for 12 a Ponzi scheme, what is Twelve-For-Twelve.com in real and so on, right? If so, then you no need to search any other Twelve For Twelve reviews because here, within our TwelveForTwelve review, you are going to find out the complete truth about this company. So, without further delay, let's begin with our Twelve-For-Twelve.com review.
What is Twelve For Twelve? Why is Twelve For Twelve a scam?
Aforementioned, Twelve For Twelve is a Ponzi Scheme which already makes it a scam. None of the Ponzi Scheme is legal but all are illegal schemes. Now, let's find out why is Twelve For Twelve a Ponzi scheme as below.
Twelve For Twelve login and join link:- Twelve-for-twelve.com (Not recommended to join, it's a scam)
Twelve For Twelve has shown the company registration document registered from the UK Companies House in the name Twelve For Twelve Limited but don't fall for that trick. That is not the license to run an investment company as well as it is very easy to register the company in the UK Companies House by providing the third party identities and virtual address. Many scam companies in the past already trick people by showing such UK Companies House registration document. If you want to know how the scam companies are easily registered from the UK Companies House, then you can click >HERE<.
Twelve For Twelve is a Ponzi scheme because it is paying its members by routing the money between the members which is not a sustainable way of business. It is paying one member using the money invested by another member by adding the profit to the principal amount using the investment of additional members which makes it unsustainable and ultimately collapses. These kinds of companies can't pay for a long run and either will stop paying or completely shut down.
We can confirm it is paying its the members only by routing the money between the members but not by making any real profit because of its business claim which is completely bogus. It claims to pay 12% daily on the investment amount of members for 12 days by investing the money of members in cryptocurrency trading and making a profit from there which is practically not possible. None of the experts in cryptocurrency can make such profit regularly and can guarantee other to pay such a huge amount of profit daily. So, this bogus claim itself proves Twelve For Twelve is a Ponzi scheme.
Actually, companies like Twelve For Twelve only pay few members at starting and that is also only to show the payment proofs so that they can lure more people into their scam and run away with the big amount of money. Every Ponzi schemes pay only for this reason, otherwise, they don't have the intention to pay their users, only to scam them.
The Ponzi schemes like 12 for 12 not only scam people by taking away their invested money but also scam them by charging their credit card randomly if they ever find out the credit card information of the members. So, those who invest in Ponzi schemes directly using their credit card, they also run a risk of credit card fraud.
TwelveForTwelve is also a Pyramid scheme because it is paying the referral commission up to multi-level downlines same like MLM companies but without selling any real products and services, just one the sales of its Ponzi ROI plans.
Yes, Ponzi Scheme like TwelveForTwelve is an illegal scheme and involving with these kinds of schemes is a crime. Legal authorities have always issued the warnings to stay away from these kinds of companies. So, save yourself by staying away from 12 for 12.
Since now it is clear that 12 for 12 is a scam, so we have listed it in our Bad and Scams category.
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