Scammers behind Cancri Jewelry are trying to reboot the collapsed Ponzi scheme.

Cancri Jewelry is an eastern European Ponzi scheme. The
original Ponzi ruse
was a jewelry storefront in Turkey.

Under the guise of purchasing jewelry, Cancri Jewelry affiliates invested euros on the promise of weekly returns.

Cancri Jewelry collapsed in late 2022, just before Christmas.

The reboot was announced on January 23rd and pitches a 5% weekly ROI.

The primary difference this time around is Cancri Jewelry has switched to cryptocurrency. The Ponzi scheme now solicits investment in bitcoin, litecoin and tether.

Victims of the original Cancri Jewelry Ponzi scheme are being told if they make a new investment, they’ll “immediately” be able to withdraw 25% of their previous losses.

The translation from Russian might be mangled but apparently they’ll also be able to withdraw previously invested funds at 0.2% of the balance daily.

Cancri Jewelry’s official FaceBook page is managed from Ukraine.

SimilarWeb currently ranks top sources of traffic to Cancri Jewelry’s website as Russia (22%), Hungary (16%), France (13%) and Ukraine (13%).

The Bank of Russia issued a
Cancri Jewelry financial pyramid warning
in November 2021.

Update 1st February 2025 – 
After Cancri Jewelry’s reboot collapsed, the primarily Ukrainian scammers behind it launched Torres.

Torres was a clone Ponzi targeting Indians with fake jewelry stores set up in India. The scam collapsed in late 2024 with Indian authorities
making several arrests
in January 2025.

🤖 Quick Answer

What is Cancri Jewelry and its connection to Ponzi schemes?
Cancri Jewelry is an eastern European Ponzi scheme that originated as a jewelry storefront in Turkey. Affiliates invested euros under the promise of weekly returns. The scheme collapsed in late 2022 and was rebooted in January 2023, shifting to cryptocurrency investments in bitcoin, litecoin, and tether.

What incentives are being offered to previous victims in the Cancri Jewelry reboot?
Previous victims of the original Cancri Jewelry scheme are being promised immediate access to withdraw 25% of their previous losses if they make new investments in the rebooted version. The new scheme advertises a 5% weekly return on investment to attract participants.

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