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Showing posts from August, 2022

The temptations of ponzi schemes and how to identify them

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  The political and economic hardship bedeviling our country have made it susceptible to numerous fraudulent rich promising ventures and schemes. Popularly known as ponzi scheme projected and marketed by well articulated, well informed and well advanced fraudsters disguised as gentleman and financial experts filled with empathy and the benevolent spirit to lift the people from poverty thereby offering them the exquisite opportunity to financial freedom. Call it an investment or whatever, it have been generally conceived and established that most of these ventures always end it tears. BELOW IS SOME SIMPLE WAYS TO DETECT A FRAUDULENT OR PONZI INVESTMENT AND SCHEME 1. Double or more returns in few hours or short period Investments suppose to take some time to yield fruit out of the capital,any investment that promises to payback so quick without any understandable maturity period is suspicious, be mindful that the first attempt will always work, to buy your con...