An online investment scheme operating under the name Braga Cash guarantees a 150% return on investments, promising $15 back for every $10 deposited within a 50-day period. The website, bragacash.com, registered in October 2011, offers no details about its ownership or management.
The Braga Cash website provides no information about who owns or runs the company. Its domain, 'bragacash.com', was registered on October 7, 2011, with all registration details kept private. Companies not openly upfront about their leadership often present a significant risk to potential participants.
Braga Cash offers no legitimate products or services for purchase. Instead, for every $10 investment, members receive advertising credits. These credits are intended for use on an in-house advertising network hosted on the Braga Cash website. Obtaining these credits requires a direct $10 investment into the scheme.
The core of the Braga Cash compensation plan is its guaranteed 150% return. Members receive $15 back for each $10 investment after 50 days. Beyond the investment returns, Braga Cash also pays a 3% referral commission. This commission extends five levels deep, calculated on the money invested by recruits and their subsequent downline.
Joining Braga Cash is free. However, members must invest in the scheme to earn any commission. While free members can theoretically earn referral commissions by recruiting others, they typically cannot withdraw these earnings. They must first use their accumulated commissions to make an investment themselves.
Braga Cash operates as a simple Ponzi scheme. It generates no revenue beyond new member investments. As long as new money flows in, the administrators can pay the promised 150% returns. The scheme will collapse once new investments cease, a common fate for operations with short maturity periods like the 50-day return.