What is susu leaks?

Susu leaks refer to a fraudulent scheme where individuals are convinced to invest money in a group savings plan that promises high returns. The scheme operates in several phases, with each member contributing a fixed amount of money on a regular basis. Members are then expected to take turns collecting the lump sum saved, usually at a higher value than their initial contribution, until all members have collected their lump sum. However, the scheme collapses when the group fails to recruit new members or when the organizer absconds with the savings. Susu leaks are often referred to as pyramid schemes and are illegal in several jurisdictions.