Marketting Private: Forums Banking Investments Ponzi schemes Scam

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  • #27428

    elizabeth
    Participant

    Ponzi schemes are scams that use funds collected from new investors to pay existing investors. No real investment exists and eventually these schemes collapse.

    Scammers contact people on social media and asking them to download or invest through apps. They promise you will see high returns very quickly and you will think you do, but the scammer uses money other people have invested to pay you some return.

    Once you have seen a return, the scammer will persuade you to encourage your friends, family and colleagues to invest in the same scheme.

    They will pay them ‘returns’ and ask them to recruit people they know into the scheme as well.

    Eventually, when the scammer runs out of money or the pool of people being recruited dries up, the scammer will disappear and no one will be able to recover their money.

  • Ponzi schemes Scam

    Emma updated 1 year, 3 months ago 2 Members · 1 Reply
  • Emma

    Member
    October 22, 2021 at 5:21 pm
    Newbie

    Besides financial fraudsters I appreciate their daring and guts to go ahead with such scams.

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