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Ponzi Scheme
in General Discussions
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    not only me. my elder sister also cheated by Ponzi scheme. She joined in Multi level market and she lost her money
    http://rebacca-vethathiri.blogspot.in/
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    No i have never participate in Ponzi scheme ever. But I have seen people investing of chit funds. :)
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    Actually my friend paid her own money to her referrals. The company cheated them. but she paid them. :( :( :(

    She asked me to join to that scheme. but I escaped. :cheer: :cheer: :cheer:
    http://rebacca-vethathiri.blogspot.in/
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    Previously same scheme was in Uttar pradesh name is Lakshmi varsha that was good scheme but Govt banned it after 2 year.

    Santosh Kumar Singh


    http://experienceofknowledge.blogspot.com/

     

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    In Tamil nadu kalaimagal sabha and more schemes are failed. several MLM schemes also failed. :dry: :dry: :dry: :dry: :dry:
    http://rebacca-vethathiri.blogspot.in/
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    RCM business which is multilevel marketing company also banned but now guidline has been passed by Govt. so it will re start.

    Santosh Kumar Singh


    http://experienceofknowledge.blogspot.com/

     

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    Couple of my friends lost around 15 lakhs (combined) in speakasia thing.

    They have vowed never to invest in such schemes again. Also always look at the fundamentals. A legitimate business can only pay you if it earns money in the first place.

    A ponzi scheme always depends on new members money to pay old members. Once that money stops the whole scheme falls.
    Thank you said by: Rajani K
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    Couple of my friends lost around 15 lakhs (combined) in speakasia thing.

    They have vowed never to invest in such schemes again. Also always look at the fundamentals. A legitimate business can only pay you if it earns money in the first place.

    A ponzi scheme always depends on new members money to pay old members. Once that money stops the whole scheme falls.

    Nice explanation of the fact. I guess ponzi scheme is is made for the money market investors.
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    I am not interested in such scheme. Guaranteed return may be less but no tension. Ponzi scheme has some risk to get back your original principle.


    You may be cheated even when small return is offered. It is necessary to see where from returns will be paid to you. It is better to invest in banks, post office or with well known listed profit making companies.


    Yes many a times my father has suggested me this idea. He is against investments in shares or any bond. Presently I am investing my money in banks and getting good interests. This is better option. MIS is also good investment scheme.
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    But i would like to know,
    before investing and when we donot know that it is a ponzi scheme,

    what are the factors we look in before we invest? because mainly people are attracted to the lucrative returns!
    Swetha Shenoy
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