7 Easiest Frauds to Commit and Make Money (Updated)

6. Pyramid (Ponzi) Scheme

Believe it or not, but this one is still happening and quite successfully for that matter. The first Ponzi scheme was pulled off in the 1920s by its namesake. It is so straightforward and simple that it is hard to believe people are still falling for it. But they are, and it happens on a daily basis. For this scheme today you would need to set up a website just as some kind of reassuring your company is real. Next, you advertise while promising huge interests on the investments. Most Ponzi company founders justify creating income through offshore investment or high-yield investment programs. But it doesn’t really matter which option you choose since it’s all bogus anyway. Money is obtained through constant new investments coming from naïve investors. The interest they are paid is the money received through other Ponzi scheme believers. Of course, this pyramid is bound to fall apart sooner or later. Interestingly enough, this scheme is recommendable since people of different backgrounds and financial status fall prey. Once the scheme is out in the open, you are already gone with the money and enjoying it at the Bahamas or some similar destination.

7 Easiest Frauds to Commit and Make Money

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