A Ponzi Scheme is a type of investment scam in which returns are promised, but not actually invested. It's like a pyramid scheme, but without the pyramid.
Here's a breakdown of your risk:
- 1. You invest money
- 2. The scammer takes your money and gives you a fake return on investment
- 3. You get your money back, but not really
- 4. The scammer disappears with the rest of the money
So, how much does this cost?
Prices start at:
- Free: You just give them your firstborn
- Basic: 10% of your life savings
- Deluxe: 50% of your life savings