Scams and Ponzi schemes � beware!

Monday, February 09, 2015

One thing we have noticed is that in Africa there are a lot of unscrupulous people that try to cheat other successful people out of their hard-earned savings.

What is a Ponzi scheme?

“A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organisation running the operation.”

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Scams and Ponzi schemes � beware!

One thing we have noticed is that in Africa there are a lot of unscrupulous people that try to cheat other successful people out of their hard-earned savings.