The Peace Ranch “click on a button” Ponzi has collapsed.
The collapse coincides with Peace Ranch’s web site being pulled just a few hours in the past.
Peace Ranch was a “click on a button” Ponzi that solicited funding on the premise of shopping for cows.
Peace Ranch traders had been required to “click on a button” each day to “milk their cows”. This motion activated each day returns.
If that sounds extremely silly to you in hindsight, it’s as a result of it was.
Peace Ranch was a part of a sequence of “click on a button” Ponzi schemes, the primary of which surfaced in late 2021.
All through 2022 “click on a button” Ponzi scammers have been concentrating on varied nations, most of that are within the third-world. This ties in to cell telephones being the dominant type of web entry.
Peace Ranch focused South Africa. In October 2022, SimilarWeb tracked 91% of Peace Ranch web site site visitors from South Africa (~700,000 visits).
“Click on a button” Ponzi schemes are run by Chinese language scammers. Peace Ranch particularly revealed doable ties to the Chinese language authorities.
So far no regulatory physique has been capable of cease “click on a button” Ponzis or make any restoration. The scammers are specific about not concentrating on China itself, so the Chinese language authorities is unlikely to do something.
In consequence, complete Peace Ranch sufferer numbers and their losses stay unknown.
If I needed to estimate, “click on a button” Ponzi losses probably run nicely over a billion at this level.