Why are Ponzi Schemes popular with scammers
Ponzi scheme scam has now become a day to day scam. It is increasing and happening due to negligence of people, lack of awareness among people. So i am here to show you how can you stay away from it, what are the signs and how it works. I got to know about this scam from Morgan Financial Recovery, which has been a trusted funds recovery firm dealing with Funds recovery, debt management, debt settlement & many more things related to personal finance. So if you want to learn more Visit now.
Ponzi scheme scam has now become a day to day scam. It is increasing and happening due to negligence of people, lack of awareness among people. So i am here to show you how can you stay away from it, what are the signs and how it works.
I got to know about this scam from Morgan Financial Recovery, which has been a trusted funds recovery firm dealing with Funds recovery, debt management, debt settlement & many more things related to personal finance. So if you want to learn more Visit now.
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How do Ponzi-related scams
04
work?
A Ponzi scheme is a financial fraud that promises high returns on
investment. It works by using new investors' money to pay returns
to existing investors, until the flow of new investors stops.
Scammers lure in victims by convincing them to invest and also
encouraging others to join. These victims often lose substantial
amounts of money and may face ostracism from friends and family
who were also scammed.
A Ponzi scheme is different from a pyramid scheme. In a
pyramid scheme, victims only get paid by recruiting new
members, whereas in a Ponzi scheme, older members get paid
as new members are recruited. In Ponzi scheme, victims are
promised more money than they invested after a fixed period,
and the scheme continues until no new members join.
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