Cash App Wheel Game Review: Is cash wheel scam? Can you make $800 from the Cash App wheel scheme? With online scams springing up every day, we have taken the responsibility of reviewing products, stores, websites e.t.c in order to save you from making wrong decisions.
We hope to give a satisfactorily answer to your question
What Is Cash App? How Does It Work
You must have seen tweets by people on Twitter claiming to have made $800 from a Cash wheel game, and this might have piqued your curiosity. You’re probably thinking to give this scheme a try, but the question you should ask yourself before diving in is ‘Is cashApp wheel game really worth your time this period?’
I guess this might be the reason you’re here right now. To find out if you can really cash out $800 from Cash App wheel.
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How Cash Wheel App Scheme Work
According to the message flying round the internet, this is how CashApp works
“You CashApp the person in the middle of the wheel $100 and get added to the wheel. When 8 people fill up the outer ring of the wheel, that person in the middle gets $800 because 8 people sent them $100. Then the wheel splits up and a new person gets to the middle and the cycle continues until you get to the middle and your’re getting $800. It takes you 3 circles to the middle but you only pay $100 once”.
Sounds quite easy right? Fast way to make an $700 extra. Incredible! The people behind this scheme also emphasize that this game is not a pyramid scheme. And that you would definitely get your money back. That you can also re-enter the wheel as many times as you want.
The Truth About Cash App Wheel
Well, the last time I checked, this is exactly how a pyramid scheme works. According to Attorney Letitia James, a Pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of “investors.” The initial promoters recruit investors, who in turn recruit more investors, and so on. The scheme is called a “pyramid” because at each level, the number of investors increases. The small group of initial promotors at the top require a large base of later investors to support the scheme by providing profits to the earlier investors.
From the definition above, you can see that the Cash App Wheel is definitely a pyramid. Fraudsters frequently promote pyramid schemes through social media, Internet advertising, company websites, group presentations, conference calls, YouTube videos, and other means.
These promoters may go to great lengths to make the program look like a business. But the fraudsters use money paid by new recruits to pay off earlier stage recruits. At some point, the schemes get too big, the promoter cannot raise enough money from new investors to pay earlier investors, and people lose their money.
That is exactly how a pyramid scheme works, and it never lasts long. Why spend your $100 on a deal you’re not 20% certain of?
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- Wendy is a fraud fighter whose contents mainly target online scams. Her investigations have appeared on Itisreviewed,and elsewhere. She spends her free time reading novels, binging on Netflix, and listening to hip-hop.
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