BNEARNTV, a platform launched in April 2024 under bnearntv.com, is a scam waiting for the right time. It is a pyramid scheme, luring Kenyans with promises of quick earnings through daily tasks and referral bonuses.
Critics warn that the platform may be poised to disappear with users’ money once it reaches a critical mass of investors, a hallmark of fraudulent schemes.
According to reports, BNEARNTV offers users two daily tasks, paying between KSh 16 and KSh 30 per task, until they join higher levels requiring significant deposits. The platform’s tiered structure includes:
- Level 1: KSh 2,000 deposit, 5 daily tasks, KSh 16 per task.
- Level 2: KSh 8,000 deposit, 5 daily tasks, KSh 54 per task.
- Level 3: KSh 16,000 deposit, 5 daily tasks, KSh 100 per task.
BNEARNTV also incentivises recruitment through its “Wealth Fund Wallet,” offering referral bonuses of KSh 2,500 for 15 successful referrals and KSh 5,000 for 35 referrals.
Is bnearntv a scam or legit?
bnearntv.com is a scam. The bnearntv is a pyramid scheme following monkey business principles. This heavy emphasis on recruitment has raised red flags, as pyramid schemes typically rely on new investors’ funds to pay earlier participants, often collapsing when recruitment slows.
At the end of the pyramid scheme’s lifespan, they will normally, lock withdrawals and allow more deposits. They also give new ways to deposit more to be able to withdraw.
Experts have labelled it a “ticking time bomb”, claiming it mirrors past pyramid schemes like Public Likes and Amazon Web Worker, which defrauded Kenyans of millions.
“BNEARNTV is just waiting for the right time to vanish with people’s money,” an expert warned.
The platform’s lack of transparent ownership, physical offices, or regulatory oversight further fuels suspicions.
The Central Bank of Kenya (CBK) has previously highlighted warning signs of pyramid schemes, including promises of high returns through recruitment and unregistered operations.
BNEARNTV’s model aligns with these characteristics, prompting experts to urge caution. “Platforms that prioritise referrals over tangible products are often unsustainable and predatory,” said Robert Ochieng, a Nairobi-based financial advisor.
Attempts to verify BNEARNTV’s legitimacy were inconclusive, as the platform provides no clear contact details or evidence of registration with Kenyan authorities.
Kenyans are advised to exercise due diligence and avoid investing in unregistered platforms promising quick riches. The CBK and financial regulators continue to warn against schemes that exploit economic desperation, a persistent issue in Kenya’s high-unemployment environment.
Other upcoming scams
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