That was my initial thought but why minimum investment now? That was the straw that broke the camel's back for me, and made no god damn sense unless it was a ponzi.
Interested to hear some theorizing on that front.
Topic: How to recognise a ponzi scheme - page 3. (Read 6352 times)
anyone who hides their business model is up to no good.
I thought it was clear silk road needs a mixer ?
yep, we heard ya, and this is an intriguing thought.
anyone who hides their business model is up to no good.
I thought it was clear silk road needs a mixer ?
anyone who hides their business model is up to no good.
The Inventor:
http://en.wikipedia.org/wiki/Ponzi
The Champion:
http://en.wikipedia.org/wiki/Madoff
http://en.wikipedia.org/wiki/Ponzi_scheme
I know one thing, it
"sounds too good to be true"
It seems there are lots of experts on the topic around here.
Feel free to share with us what ponzi schemes look like.
How to recognise investments that have high probability to actually be a ponzi scheme.
Share your experience with ponzi schemes, whether it is
running it
or
losing lots of money
or
making lots of money
or
promoting it
or
suffering from a ponzi related stockholm syndrome
http://en.wikipedia.org/wiki/Ponzi
The Champion:
http://en.wikipedia.org/wiki/Madoff
http://en.wikipedia.org/wiki/Ponzi_scheme
I know one thing, it
"sounds too good to be true"
It seems there are lots of experts on the topic around here.
Feel free to share with us what ponzi schemes look like.
How to recognise investments that have high probability to actually be a ponzi scheme.
Share your experience with ponzi schemes, whether it is
running it
or
losing lots of money
or
making lots of money
or
promoting it
or
suffering from a ponzi related stockholm syndrome
There are many resources dedicated to helping people to recognize and avoid scams:
http://www.sec.gov/answers/ponzi.htm
http://www.fsa.gov.uk/consumerinformation/scamsandswindles
http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/02597.html
http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/vwapj/Little-Black-Book-Scams-e.pdf
http://www.kpmg.com/ca/en/whatwedo/specialinterests/at-risk-magazine/pages/ponzischemes%E2%80%93howtorecognizethem.aspx
http://www.fbi.gov/scams-safety/fraud/
There is some action that can be taken by people to protect themselves and others:
http://www.fsa.gov.uk/consumerinformation/if_things_go_wrong
http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/02801.html
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