Crime

UGANDANS LOSE MILLIONS TO BLQ FOOTBALL

By Our Reporter

MASINDI: On Wednesday the National Lotteries and Gaming Regulatory Board (LGRB) Uganda issued a statement advising the public to refrain from dealing with BLQ Football Uganda since it wasn’t registered with the government.

The public notice dated 11th October 2022 stated that BLQ FOOTBALL Uganda is not licenced to operate in Uganda its therefore operating illegally.

A Survey conducted by ugreports.com indicates that sports lovers have been the victims of this online company.

”I was contacted by a former workmate about this company, she convinced me to join them,” the source said.

He also told this publication that he decided to join them since he invests in betting.

”She told me that they would surely give win tips, this convinced me to join, and upon joining I was told to pay 10,000 Ugandan shillings {2.50dollars} as subscription fee, which I did,” he explained.

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The company gives their own fixed matches which are purchased by the subscribers at any price after the match you can either withdraw back your money or leave it at a savings fund.

”I had not yet withdrawn any coin, and right now it can’t be withdrawn. Their website can’t also be accessed,” it said.

According to information extracted from the BLQ KIPAJE – Team Groups, a Telegram group with over 6,000 members, the admin claimed that BLQ’s anniversary event was well rewarded.

The admin however said that during the event, many of their staff were also out doing charity work.

However, during this event, they discovered a serious loophole that was exploited and forwarded by unscrupulous individuals, resulting in the theft of nearly 60 billion shillings.

According to the Admin, BLQ HQ, has now decided to reject all previous withdrawals! A full audit check will be carried out! Once the audit is approved, members can withdraw their funds at any time.

”Our current withdrawals will be automatically credited to your account within 24-48 hours, sorry for any inconvenience caused!,” the admin told members.

In the public notice released by the Lotteries and Gaming Regulatory Board (LGRB) Uganda stated that BLQ is using the gaming industry as a strategy to market its membership.

”It claims to be an investment company where members make money by recruiting people to join the BLQ Football Club platform,” the notice stated.

The Lotteries and Gaming Regulatory Board also confirmed that the allegation is true because of the testimonials and complaints coming from different social media platforms such as BLQ WhatsApp group, Twitter, Telegram, among others.

They advised the public to refrain from dealing with unlicensed or illegal gaming operators who lure and defraud unsuspecting members of the public.

They also advised the public to always verify the registration and licensee status of such companies and schemes before engaging with them.

However, BLQ claims to be a charity group helping the poor. In the Telegram group, the admin assured members that BLQ will officially change from a charity to a commercial company.

”First, they used international hacking to break into our system. The US has again frozen all withdrawals from Union Bank by BLQ,” the admin told members.

Let me be clear. I will fix the problem, but let’s all stay calm, the admin stated.

BLQ FOOTBALL Pulls it’s website offline

At time of publication, attempts to access BLQ Football’s many website domains now return a “maintenance” message:

Sources say that BLQ Football started selectively disabling withdrawals and locking accounts a few weeks ago.

Over time the amount of withdrawals and accounts being locked increased, prompting baseless threats to investors.

Despite only being around for a few months, BLQ Football held an “anniversary event” on October 11th. The “event” was just an excuse to extract more money from people, promising bonus credit on investor recruitment.

Towards the end of October 11th, BLQ Football addressed withdrawal concerns by initiating a “we got hacked!” exit-scam.

BLQ’s anniversary event was well rewarded. Everyone also actively participated in the event. During the event, many of our staff were also out doing charity work.

However, during this event, we discovered a serious loophole that was exploited and forwarded by unscrupulous individuals, resulting in the theft of nearly 60 billion shillings.

BLQ HQ, has now decided to reject all previous withdrawals! A full audit check will be carried out!

Once the audit is approved, you can withdraw your funds at any time. Our current withdrawals will be automatically credited to your account within 24-48 hours, sorry for any inconvenience caused!

This is of course complete baloney.

On that same day BLQ Football doubled down on its exit-scam, demanding investors pay a 20% tax on requested withdrawal amounts.

Members who don’t pay the 20% tax today will have their penalty increased to 50% tomorrow.

Please cooperate with relevant departments to pay taxes as soon as possible, and the BLQ platform will return to normal as soon as possible.

On October 13th BLQ Football’s websites went offline.
BLQ Football was a “click a button” Ponzi scheme that purposefully targeted Uganda. Recruitment initially spread to China but was promptly shut down by September.

The “click a button” app-based Ponzi schemes began emerging towards the end of 2021. They mostly target third world countries, where mobile phones are the dominant access point to the internet.

BehindMLM is aware of several similar scams targeting Ugandans; e-Cairo, Dubai Stocks, MetaUI (non-MLM), UG Football and Crown Football.

These are all Ponzi schemes that will end the same way BLQ Football did; with the majority of investors losing money.

Do you have a story in your community or an opinion to share with us? Email us at editorial@ugreports.com

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One Comment

  1. How comes that Blq has spent all these years without being known by the UCC?
    The government wants to say that it wasn’t war about such company? The government and the UCC are the one playing the game and now they have reached a stained amount of money they want now they have closed. But God is seeing u

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