The father of ponzi scheme

in #fraud7 years ago

Many of us get confused between marketing industry and marketing philosophy and because of our selfishness and greed we always try not to believe or avoid the truth when it comes to easy money .

I'm sure you've been approached by a Ponzi schemer before, doesn't matter what they call themselves from network marketing to radio marketing lets go back few decades ago where it all starts back in 1920s when a guy name Charles Ponzi promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors. While this swindle predated Ponzi by several years, it became so identified with him that it now bears his name. His scheme ran for over a year before it collapsed, costing his "investors" $20 million.
Sound familiar? Welcome to reality please be carful as many stuff you hear or read are not legit and might cost you your reputation and time in prison.