Ponzi scheme is like robbing paul to pay peter. It is like pyramidal scheme but pyramidal scheme is still obvious but late investors also lose. Ponzi scheme and high yield investment programs are the same because late investors lose. They lure investors because of high returns by telling them lies about fake products they are selling or fake services they are rendering. So, the entrepreneur hide under this not knowing by investors that all are lies.
There are red flags that must be taken for someone to avoid such schemes. Such as
Too good to be real offers should be avoided
Research about the company very well
Make sure they register under government as most ponzi scheme are not government approved.
tvplus006 is right. magicboks is a real scammer, thanks for notifying people as early as you can.
Topic: [SCAM] Ponzi scheme (Read 184 times)
What happened: Ponzi scheme
The usual Ponzi scheme in which the first participants receive funds at the expense of those who joined later. Only it is not clear why this fraud is called a new type of earnings)
Flag type 1 (support/oppose): https://bitcointalk.org/index.php?action=trust;flag=1500
Profile Link: https://bitcointalksearch.org/topic/--5236151
Archived: http://archive.fo/V2s4t
Scammer Profile Link: https://bitcointalksearch.org/user/magicboks-2786836
The usual Ponzi scheme in which the first participants receive funds at the expense of those who joined later. Only it is not clear why this fraud is called a new type of earnings)
Flag type 1 (support/oppose): https://bitcointalk.org/index.php?action=trust;flag=1500
Profile Link: https://bitcointalksearch.org/topic/--5236151
Archived: http://archive.fo/V2s4t
Scammer Profile Link: https://bitcointalksearch.org/user/magicboks-2786836
Quote
This is a new tested method to create money with Bitcoin
FIRST:
-Than send 1$ to each bitcoin address listed below
Address List:
#1 1PaTiZCEUX7xEnukpiusaXo85YWinHi1hF
#2 1FV8Xm9feCgJQ6QdhQhbtt8SKe819Txj8B
#3 1EPJoHYHPFVeiUMyN816QUPgvtAmyD55za
#4 1JmLDcr5q6vSu1HQ2nEPrQPNUYaXdM2Hb7
#5 16Pttsvr1988AvHzgSCNWzfQMpRVVZUZUw
SECOND:
Cancel the address #1 from the list, shift the other five up and insert your one at the bottom.
FIRST:
-Than send 1$ to each bitcoin address listed below
Address List:
#1 1PaTiZCEUX7xEnukpiusaXo85YWinHi1hF
#2 1FV8Xm9feCgJQ6QdhQhbtt8SKe819Txj8B
#3 1EPJoHYHPFVeiUMyN816QUPgvtAmyD55za
#4 1JmLDcr5q6vSu1HQ2nEPrQPNUYaXdM2Hb7
#5 16Pttsvr1988AvHzgSCNWzfQMpRVVZUZUw
SECOND:
Cancel the address #1 from the list, shift the other five up and insert your one at the bottom.
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