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Recognizing The Dangers of Ponzi Schemes in 11 Steps

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Know the Definition

Ponzi schemes is a fraudulent scheme created by collecting money from investors. Old money pays new investors. Most money is stolen by owners

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Understand the History

Charles Ponzi is most famous for ponzi schemes starting in 1920. They existed before him.

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Recent Ponzi Schemer

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Financier Bernie Madoff was the most famous recent Ponzi. He stole about 50 billion from clients.

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Ponzi Schemes for Years

Ponzi schemes can go undetected for years if clients don't request large payouts of investments.

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Friends and Family Help Ponzi

Ponzi schemers ask friends and family to recommend friends and family, so con artist are trusted

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The Ponzi Appears Wealthy

The con artist Ponzi usually flaunts his massive stolen wealth which makes him appear legitimate

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Unsuspecting Friends and Family Will Do the Convincing for the Ponzi Schemer

Encouraging friends, family and neighbors to bring customers, makes it appear success has happened.

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There Are Many Ways to Verify an Investment or Business Offer

Most crucial way is to be suspicious of every offer. Don't take anyone's word.

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Most of the Offers Sound too Good to be True

If it sounds too good to be true. That is the biggest sign it may be a scam.

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