53153
EZine Article Of The Day
New Ponzi Scams Are Growing and Trapping the Unwary Investor
The 90 year old Ponzi scam is alive and well and growing on the Internet. As the economy slows down and prices rise, Ponzi schemes are a tantalizing draw for people who want to find a high yield investment over a short term period. Beware, most of these investments are high risk ventures which will only benefit a few early participants. The vast majority of people who invest in these schemes lose all their money.
The 90 year old Ponzi scam is alive and well and growing on the Internet. As the economy slows down and prices rise, Ponzi schemes are a tantalizing draw for people who want to find a high yield investment over a short term period. Beware, most of these investments are high risk ventures which will only benefit a few early participants. The vast majority of people who invest in these schemes lose all their money.
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