How to know a ponzi scheme from the get go.

[Niyi Briggs]

A Ponzi scheme is an investment fraud that promises high returns with little or no risk. To spot a Ponzi scheme from the get-go, look out for these red flags:

1. High returns with little or no risk
2. Unregistered investments
3. Pressure to invest quickly
4. Complex and secretive investment strategies
5. No clear explanation of how profits are generated
6. Difficulty withdrawing money or receiving account statements
7. Unusually consistent returns
8. Guaranteed returns
9. The use of funds from new investors to pay returns to existing investors
10. Investment opportunities that seem too good to be true.

 

[Suba]

Ponzi schemes are fraudulent strategies especially aimed at newcomers both online and offline, at first they seem legit and provide payments to some of their members. Usually, ponzi schemes, each member must bring in new members (referral system) with high rewards, do not have definite products to sell or only offer benefits from crypto, invite potential investors or present with public figures, public figures, etc.

 

[SHAHID987]

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Ponzi schemes are fraudulent investment operations in which returns are paid to existing investors from funds contributed by new investors, rather than from profit earned.

 

[Ebutech]

A Ponzi scheme is an investment fraud that promises high returns with little or no risk. To spot a Ponzi scheme from the get-go, look out for these red flags:

1. High returns with little or no risk
2. Unregistered investments
3. Pressure to invest quickly
4. Complex and secretive investment strategies
5. No clear explanation of how profits are generated
6. Difficulty withdrawing money or receiving account statements
7. Unusually consistent returns
8. Guaranteed returns
9. The use of funds from new investors to pay returns to existing investors
10. Investment opportunities that seem too good to be true.

This is one of a kind advice, anyone that follows this advice can never be scammed by any useless Ponzi scheme, except if the person's greed is extremely high, thanks once again for this wonderful piece.

 

[rubesh]

I heard the scheme is fraud and why need to discuss it

 

[nomad]

If it offers you a return that is too good to be true, it is a ponzi scheme.

 

[Edulady]

Ponzi scheme sells you dreams. One thing I always tell myself is that if it's too good to be true then it's fake.

 

[Knowledge Quest]

I believe that the best approach to identify a Ponzi site is to conduct research before committing your hard-earned funds.

 

[cherry123]

A Ponzi scheme is an investment fraud that promises high returns with little or no risk. To spot a Ponzi scheme from the get-go, look out for these red flags:

1. High returns with little or no risk
2. Unregistered investments
3. Pressure to invest quickly
4. Complex and secretive investment strategies
5. No clear explanation of how profits are generated
6. Difficulty withdrawing money or receiving account statements
7. Unusually consistent returns
8. Guaranteed returns
9. The use of funds from new investors to pay returns to existing investors
10. Investment opportunities that seem too good to be true.

You are right one needs to check out for schemes that are too good to be true. It might just be. we need to always trust our intuition

 

[uptrendfinancialsignal]

I think that if they are offering promises that are too good to be true, then it should be a red flag.

 

[cherry123]

Yes Ponzi scheme offers rewards that are not true . The promise are always hard to believe and we just have to know they can't be real and desist from trying them

 

[IB D]

The part that struck me was the pressure to invest. The way those companies would put you under pressure, you might end up selling your property. I am not someone given to pressure though.

 

[Reedex]

A Ponzi scheme would offer you juicy things that are not realistic.

 

[IB D]

A Ponzi scheme would offer you juicy things that are not realistic.

The funny part is that you would know that the things they are promising you is not real and possible. But the greedy part of you would be pushing you to go ahead and do the thing. MMM comes to mind. It was clear that it was a Ponzi schem. People just wanted to cash out.

 

[Stardom22]

You can easily know of a Ponzi scheme when you see a platform claims to pay higher rewards for the referrals. For instance a site claiming to pay you more than $20 for a referral.

 

[cherry123]

Yeah ponzi scheme do put a lot pressure on people to invest. The companies know this is the way to get people would put you under pressure but people should run from them

 

[LoukiaCharilaou]

Ponzi scheme sells you dreams. One thing I always tell myself is that if it's too good to be true then it's fake.

Same here. I never trust these schemes, so I always try to stay away from them.

 

[Reedex]

A Ponzi scheme is very easy to detect because the kind of offer they are going to promise would be extremely high.

 

[LoukiaCharilaou]

A Ponzi scheme is very easy to detect because the kind of offer they are going to promise would be extremely high.

I understand. We must be careful and stay away from such schemes which promise much because it is a waste of time.

 

[uptrendfinancialsignal]

It is not very difficult to identify a Ponzi scheme because they will offer high reward.