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Ponzi Scheme
in General Discussions
Has anyone been involved in a Ponzi scheme?

I guess many of us have!
Swetha Shenoy
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    Swetha, if you don't mind can you tell me what's Ponzi scheme
    Meera sandhu
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    it is nothing but a fraudulent investment scheme

    The investors are not paid the profit, but paid back their own money

    it happens most of the time in chit funds or with friends

    if i give u 5 rs and i expect you to give me rs 10, i get only 5 Rs or less

    ha!
    Swetha Shenoy
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    i think Gulshan ji can justify your answer
    Swetha Shenoy
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    I am least interested in such investment schemes. Thus I have never involved in any Ponzi Scheme.
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    i think Gulshan ji can justify your answer


    Swetha, good to see you after a long time!! Yes, that's true, most of us have been involved in such Ponzi schemes at one or the other time!

    "I am free of all prejudice. I hate everyone equally."
    - W. C. Fields :)

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    i think Gulshan ji can justify your answer



    These schemes are also known as 'changing caps'. We get many schemes of this kind from time to time. Actually these are chain schemes. You give some money and will recoup your investment and earn more by recruiting or rather enticing more members to scheme. Those last in the chain are losers to those who entered first.

    G. K. Ajmani Tax consultant
    http://gkajmani-mystraythoughts.blogspot.com/

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    i think Gulshan ji can justify your answer



    These schemes are also known as 'changing caps'. We get many schemes of this kind from time to time. Actually these are chain schemes. You give some money and will recoup your investment and earn more by recruiting or rather enticing more members to scheme. Those last in the chain are losers to those who entered first.


    Or Better known as MLM (multilevel marketing) one has to keep the chain going and as soon as the chain breaks you are left high and dry. The most profit goes to the promoter of the scheme. You are lucky if you got your money back.

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    2 times I was cheated by Ponzi scheme and lost my valuable money. :(
    http://rebacca-vethathiri.blogspot.in/
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    I am not interested in such scheme. Garuented return may be less but no tension. Ponzi scheme has some risk to get back your original principle.
    www.mobileeduhut.blogspot.in
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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.

    G. K. Ajmani Tax consultant
    http://gkajmani-mystraythoughts.blogspot.com/

    Thank you said by: Devyani Sarkar
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