The Pay Diamond Scam Becomes The LifeInBlock Scam

In no big surprise to anyone, the Pay Diamond scam is migrating its members into another scam called LifeInBlock. The Pay Diamond Ponzi scam is coming to an end. They have been purchased by LifeInBlock.

PayDiamond’s model was to raise money from investors which was pooled into a fund to purchase raw diamonds which the company claims it purchases, cuts, polishes and markets. Investor returns were allegedly from the profits of the pool they had invested in. Investors are called “affiliates” and buy in between $200 and $36,000, for terms up to 50 weeks. Investors are supposed to receive a weekly payment until the end of the term when the diamonds are sold with profits to be split with the affiliates.

Pay Diamond MISSION

“Through a bold and innovative strategy to rescue the concept of multilevel marketing, bringing to market a product with high added value and full liquidity.”

It looks like their new mission is to feed people into a cryptocurrency Ponzi scheme recruiting scam.

Here is the latest update on Pay Diamond’s migration of representatives to LifeInBlock:

Click the following link for the rest of the story: https://ethanvanderbuilt.com/2018/08/10/the-pay-diamond-scam-becomes-the-lifeinblock-scam/