Ponzi Scheme SA

TIPS TO SPOT A PONZI SCHEME:

The promoter promises high returns, which could not be achieved through normal conventional investment opportunities, within a short period.

In some cases the promoter will use fake qualifications or references to entice investors for example, an ‘attorney’ with ‘many years’ experience in the stock market.’ Often high returns are paid initially and then investors are lured into investing even more money. They often promise guaranteed returns –no return is ever guaranteed, all investments carry some risk. Promoters are usually quite secretive about the actual business model. The promoter becomes unavailable and returns dry up. Usually the scheme collapses soon thereafte

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