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Ponzi Scheme and Pyramid Scheme What's the Difference?
Ponzi Scheme and Pyramid Scheme, these words are in the news on a regular basis. We all know they are both illegal, but what’s the difference between the two? How can we tell if a potential business, particularly a multi level marketing company or MLM, is a Ponzi scheme or pyramid scheme? This article explains the difference between a Ponzi scheme and a pyramid scheme and gives you some links to some additional resources to help you evaluate whether the MLM you’re considering joining is a Pon
0 commentsThe mystery surrounding Bertram Earl Jones: another financial scandal?
Bertram Earl Jones, 67-year-old, is the owner of the Montreal investment firm the Earl Jones Consultant and Administration Corporation, which started back in 1984. Strangely, Bertram Earl Jones is neither a...
0 commentsWhy Ponzi Scam
Why they called a Ponzi Scheme? Who was Ponzi? The Ponzi Scheme is the type of fraudulent investment that the investors will pay there money with his own saving, or pay a money by the subsequent investors...
7 commentsPonzi Schemes – What Are They And How To Avoid Getting Caught In a Ponzi Scheme?
So what is a Ponzi scheme? How do they operate in the world of investing and how do people get caught up in them?
3 commentsBeing “Madoffed” Renews Bag Lady Fears
The fear of becoming a bag lady is just that; a fear of losing everything in a heartbeat. This abject fear has generally been conjured up in terms of a woman becoming widowed or suddenly divorced. ...
3 commentsWhat is a Ponzi Scheme - Charles Ponzi and His Scheme
A Ponzi scheme is an investment in which promises of high profits are made. The people involved promote fictitious investments. These investments never see the market and are pocketed. It is very important...
0 commentsThe Social Security System's Achilles Heel
By now most everyone is aware that the Social Security program is not a sound program financially and that it is only a matter of time until it goes broke. Even its supporters admit that the only way to keep...
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