Do victims of Ponzi Schemes deserve our sympathy? I think No.

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We cannot fully cover money and banking without touching on various ways to lose money
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BigCh1ld
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#1

 

Ponzi Schemes: well known, yet massively patronised.

Sometimes I feel that victims of Ponzi Schemes should not be sympathised with. Guess why?
ponzi scheme image.png
Because as Yoruba says: Eni ton wa ifa nwa ofo!

It literally means the people patronising such schemes often times know what they're in for a d they know the risks involved and what could eventually be the fate of their investments.

So, each time I learn that another Ponzi just crashed, I rarely pity the victims.

Fact is: some interest rates (ROIs) are just not sustainable, and we know it. Yet Nigerians still want to cash out quickly. Many will still be trapped in. What a repeated mess.

I stand to be corrected, many victims 9f Ponzi Schemes do not deserve sympathy of the public or regulatory authorities.

They asked for it.

Note that I'm not saying that perpetrators of such schemes don't deserve to face the wrath of the law though.
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Correct me if I'm wrong.
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Sholay
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#2

 

Some people just want to catch out but they got caught up.

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