The Gaming Authority (Ksa) has issued a warning for the game ‘Moneyflower’. It shows all the characteristics of a pyramid scheme, which is dangerous. People currently receive invitations on social media networks, such as Facebook, Instagram and Snapchat.
What is Moneyflower?
‘Moneyflower’ asks people to deposit some money. After a deposit, for example 50 euros, the participant is promised a place ‘at the outer rank’ of a flower. The flower has four ranks in total. By recruiting more participants, you can move up to the inside of the flower. Once there, new participants pay you money by a ‘tikkie’, at least that’s how the story goes.
According to the Gaming Authority ‘Moneyflower’ is a pyramid scheme. This is a betting game in which the majority of the participants lose their deposited money, because the pond dries up to potential participants. In the Netherlands all games of chance must have a license. If this is not the case, a game is prohibited. So be careful what you’re getting into.