xerxes wrotePonzi scheme every where in Lebanon, and people keep falling for it.
Lebanese people love too good to be true stuff
You cannot call it that. Libazon existed since 2017 and served thousands of orders without issues.
Me and couple of friends did orders in the millions of LL around start of 2020 (start of the pandemic) and we all received all of our orders in 3 to 6 months period.
Nowadays yeah recent orders have not been delivered but payments are being refunded so it's not a Ponzi scheme. I think the LL situation screwed them more than it benefited them but they definitely had some connections to deal with it.
Could have they invested the LL into USD and then refunded the LL amount when its value diminished?! Yes... but we cannot make that accusation while: 1- they did all the orders for 3 years at least, 2- they refund all of the unprocessed orders.
Not trying to defend them, as I don't even know who owns them, but I'm trying to be fair and not call anything and anyone a Scam.