Twinkas Review: 2×1 matrix Ponzi cycler
There is no information on the Twinkas website identifying who owns or runs the business.
The company was founded by a team of enthusiastic humanitarian specialists.
An address in the UAE is provided on the Twinkas website, however further research reveals it belongs to the Vietnamese embassy for the Abu Dhabi.
At the time of publication Alexa estimate that 95% of all traffic to the Twinkas website originates out of Nigeria. Currency calculations on the Twinkas website are also provided using the Nigerian Naira.
Given the bogus UAE address, it is far more likely that whoever is running Twinkas is doing so out of Nigeria than Abu Dhabi.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The Twinkas Product Line
Twinkas has no retailable products or services, with affiliates only able to market Twinkas affiliate membership itself.
The Twinkas Compensation Plan
The Twinkas compensation plan sees affiliates invest funds on the promise of a 200% ROI.
ROI payments within Twinkas are tracked via a 2×1 matrix, requiring two positions to be filled before a commission is paid out.
In total there are four cycler tiers for Twinkas affiliates to invest in:
- invest ₦5000 and receive a ₦10,000 ROI
- invest ₦10,000 and receive a ₦20,000 ROI
- invest ₦20,000 and receive a ₦40,000 ROI
- invest ₦50,000 and receive a ₦100,000 ROI
The Twinkas website guarantees an affiliate will receive their ROI within 21 days:
Please note that your return on Investment will be on before 21 days (15 Working Days).
Twinkas affiliate membership is tied to an initial investment of between ₦5000 (~$16 USD) and ₦50,000 ($159 USD).
Twinkas combines cash gifting with a cycler Ponzi business model.
Nothing is marketed or sold to retail customers, with new 100% of new affiliate funds used to pay off existing investors.
Rather than acknowledge its financially fraudulent business model, the Twinkas website serves up a whopper of pseudo-compliance nonsense:
TwinKaS is a multi-level social network marketing where people who are willing to help each other voluntarily, will join with their bio-data.
And the registered members of TwinKaS have a unified financial relationship, and this has proven the reason why TwinKaS is not a subject of legal relations and so the TwinKaS community cannot be illegal.
Giving money by one participant to another one is not prohibited by either international or local legal systems.
I don’t know who that baloney is directed to but Ponzi schemes are illegal the world over. Even in Nigeria.
Quite obviously a 200% ROI scam isn’t sustainable, with the majority of investors mathematically guaranteed to lose out once affiliate recruitment dies down.
The Twinkas owners will have preloaded multiple positions prior to launching the scheme, guaranteeing they receive a healthy percentage of invested funds.
Early adopter affiliates get what’s left, with suckers recruited after unlikely to see the promised ROI.
With a three-week guaranteed investment maturity period, the second this changes it will be safe to assume Twinkas is on the verge of collapse.
At 200% a pop, that probably won’t take long. Twinkas appears to have launched late last month, with a collapse practically guaranteed either this month or next.
That said there do appear to be a lot of gullible victims in Nigeria who keep falling for Ponzi scams, so Twinkas might last a few months yet.