Ponzis and Pyramids

City Press recently published a very interesting article by Neesa Moodley titled The problem with Ponzis and pyramids.

Everyone wants to get rich, and some want it to happen as fast as possible. This is often the reason so many people are suckered into get-rich-quick schemes or pyramid schemes, which are illegal and inevitably end in tears.

The article discusses a number of potentially suspect scheme structures, including Ponzis, pyramids, multiplications and multilevel marketing. It names a number of actual schemes where gullible people were relieved of their savings by snake oil salesmen.

Please share the link above with your clients.

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