Why you should never get involved in a Ponzi scheme…
“Get rich quick” – a tempting message, but fraught with all sorts of problems. Most get rick quick schemes are Ponzi schemes – unfeasibly large returns are paid out to early investors by simply using later investors funds. The problems with Ponzi schemes are many… ALL Ponzi schemes are ILLEGAL. Period!By taking part in a Ponzi scheme (“everything carries risk, it’s my money so I can do what I want” is the usual argument) you could be funding terrorism or people trafficking. Don’t believe me? Check out this storyBy being “soft” on Ponzi schemes, you are turning a blind eye to fraud. If someone was stealing money from your best friends bank account, you’d want to stop it? So why not try to stop fraud from other people?ALL Ponzi schemes FAIL (mathematically they always run out of enough new...
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