moonchild
VIP Contributor
Ponzi schemes have been existing for a while, it has been the sole reason of many people's bankruptcy, business break down, mental health issues and even suicide for some, yet many people are not ready to let go of this, day in day out, new investments schemes keeps on popping out and people keep on getting involved in them just to make money, without realising what they're going into or if the company is legit or not, no any background checks only to later get burnt and they'll come out and complain on social media.
There are many reasons that contributes to this, number one which is poverty induced get rich quick mindset, this mindset is very infectious, it blinds you and take away your logical reasoning, carriers of these kind of mindset wants to make money at all cost hence exposing there vulnerability to these Ponzi con artists.
Secondly, lack of regulation from the government, everyone can register a business nowadays, no one cares to perform a background check, because of this anybody can have license cheaply ND run a ponzi schemes without any scrutiny from the government.
Lastly, the onus is on you and me to do our due diligence before parting with our money no matter how small it may seem.
There are many reasons that contributes to this, number one which is poverty induced get rich quick mindset, this mindset is very infectious, it blinds you and take away your logical reasoning, carriers of these kind of mindset wants to make money at all cost hence exposing there vulnerability to these Ponzi con artists.
Secondly, lack of regulation from the government, everyone can register a business nowadays, no one cares to perform a background check, because of this anybody can have license cheaply ND run a ponzi schemes without any scrutiny from the government.
Lastly, the onus is on you and me to do our due diligence before parting with our money no matter how small it may seem.