List of Ponzi Scheme Applications Like Vtube That Are Crowded in Indonesia

Vtube is an application that is crowded in Indonesia because it lures its users to make money.

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This application deceives its users to watch advertisements where later the users will get a point. Then, these points will be exchanged for currency.

To join as a member, Vtube users entice victims to register through their referrals. After registering, the victim will get a mission every day that must be completed in order to get points.

If the victim wants to get more missions, then the victim will be lured to become a diamond member in order to get more missions.

Currently, OJK has officially entered Vtube itself into the list of illegal corporate entities operating in Indonesia. OJK assessed that from the beginning Vtube did not have a permit.

In addition to OJK, the Investment Alert Task Force (SWI) has also determined Vtube as a prohibited business activity in June 2020. They enter Vtube into an illegal or fraudulent investment entity.

Apparently, besides Vtube, there are still several similar applications that are popular and were popular. The following is a list of Ponzi schemes wrapped in Applications in Indonesia:

1. JD Union

JD union is an application that lures victims who want to earn extra money by doing top-up on their application. Later, users will get a commission every time they shop on an e-commerce site.

In running their fraudulent business, they claim to be a subsidiary of one of the leading e-commerce companies, JD. Unmitigated, in Indonesia this bogus investment application has many members who later turn into victims.

2. Fake Alimama

The fake version of Alimama is a ponzi scheme under the guise of an online shopping app like JD Union. Just like JD Union, in carrying out their scam, the victims will be asked to top-up to get a commission. The more money you deposit, the higher the commission will be.

Reporting from katadata, Monday (07/02/2021) users were initially asked to transfer money for a minimum deposit of IDR 50 thousand. He saved Rp. 300 thousand. After that, he was asked to pretend to shop at Tokopedia, Lazada to Blibli, with the excuse of increasing the ranking of online stores. Victims are asked to transact 50 to 60 times a day.

Gradually the leader admitted that there were some system improvements so that he could not withdraw the deposited balance or the commission. After the incident, the victim was asked to add a deposit to increase the commission. Then, according to the leader’s direction, the victim deposited Rp. 4.7 million, but the money disappeared.

3. TikTokCash

Tiktokcash is a fake investment under the guise of an application that is currently hot among the people of Indonesia. This application lures victims to earn money just by watching and liking videos.

Currently, the fraudulent investment is estimated to have more than 500 thousand members spread across Indonesia. In carrying out their actions, they promise cash benefits to their users by performing certain tasks that are quite easy.

Users only have to complete the tasks provided per day. Like follow account, like, and watch TikTok videos, then screenshot the results of the task to get the money.

When the task has been completed, the user will receive a commission in the form of a balance to the user’s account. The more tasks you complete per day, the more balance you collect. After that, the balance will be disbursed to the user’s bank account.

To note, even though it is called tiktokcash, it turns out that this application has no affiliation with the short video platform company TikTok. In fact, TikTok Indonesia through its official account has made a clarification statement regarding his involvement.

Members also claim that TikTokCash has entered and has permission from the OJK in Indonesia. However, in fact they are using the names of other companies that have been officially registered with the OJK.

So, that’s the list of ponzi schemes wrapped in applications that are the talk of many people in Indonesia. Hopefully, after reading the article above, it will make citizens more aware of the fraud that is developing in the community.