BLQ Football Uganda limited a ponzi scheme that has been masquerading as a betting company in Uganda has finally closed have stealing millions of deposits from hundreds of Ugandans. Like many other ponzi schemes, BLQ was bragging about profitable investment options through betting.

Among the people that have been scammed include University students who had invested their tuition to earn profits off their investment. Yesterday, one of the websites of BLQ football ( was closed without any notice and a few hours later, the administer of their Twitter account posted saying they were out.

Similar to other ponzi schemes, the first member earned millions of Uganda shillings through the network of people they convinced to join

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