How Ponzi Schemes Work: Case Study Of A Past Scheme In Nigeria
(799 reads) See also ► What current or recent Ponzi Schemes do you know? ► Nigerians lose more than N500 billion to Ponzi schemes
Ponzi schemes promise high returns on investments, often with little to no risk, and lure in investors with the promise of easy money. However, these schemes operate on a fraudulent system that ultimately collapses, leaving investors with significant losses. Understanding the mechanics of how Ponzi schemes work can help investors recognize the warning signs and protect themselves from falling victim to these fraudulent schemes.
The basic premise of a Ponzi scheme is simple: e…
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