What are the sights, sounds and the taste of fraud? How can you tell “Big Pharma snake oil” from real medicine, a duo of lip-syncing dancers from real musicians who can actually sing, and a legitimate investment fund from a Ponzi scheme? Learn more from our special series “Caveat Emptor: Scammers Gonna Scam”.
Have you ever imagined owning a piece of paradise, like a beachfront villa or a small chalet in the mountains? You probably have. But while price tags on the above properties scare most people away, some potential buyers often find themselves bombarded with bargain offers that are very hard to resist.
Have you ever gotten an email from a stranger, offering you millions of dollars for helping him to retrieve money from a secret bank account? You have almost certainly seen those sad stories about fugitive members of an African royal family who can trust only you with their savings account details.
If a picture is worth a thousand words, then for most pop artists of the 1980’s moving pictures shown on MTV meant millions of dollars in earnings from album sales. But even moving pictures could be very deceptive when it comes to faux-bands.
Ponzi schemes have been around for decades. They attract clients by offering higher return rates and promises of unimaginable wealth. But the only ones who get filthy rich are the Ponzi scheme’soperators – the “pharaohs” of these financial pyramids.