Comments on: Ponzi Schemes

By: Scam

Scam — Sat, 28 Jun 2008 23:44:40 +0000

I love that response (#2) from Randall. It would work too, if Google’s algo hadn’t become such a good scambuster. (Or should that be spambuster?)

By: Carnivals and Roundup: Selling Snow Edition

Carnivals and Roundup: Selling Snow Edition — Sun, 10 Feb 2008 14:32:32 +0000

[...] Quest for Four Pillars has a terrific article detailing Ponzi schemes. [...]

By: Four Pillars

Four Pillars — Wed, 30 Jan 2008 03:08:55 +0000

Thanks Patrick.

Mike

By: Patrick

Patrick — Wed, 30 Jan 2008 00:30:31 +0000

Great article! These schemes can take people for their life’s savings if they aren’t aware of the risks. Hopefully you’ll reach someone.

By: Four Pillars

Four Pillars — Tue, 29 Jan 2008 23:24:08 +0000

Not at all Mrs. Micah.

Of course it depends on what it is you are exposing…

Mike

By: Mrs. Micah

Mrs. Micah — Tue, 29 Jan 2008 22:40:34 +0000

Yay for the scam category. Is it bad that I get a little gleeful over exposing things?

By: Four Pillars

Four Pillars — Tue, 29 Jan 2008 02:14:51 +0000

Great comments.

You’d think in this day and age people wouldn’t fall for the same old scams but apparently they do.

Mike

By: ThickenMyWallet

ThickenMyWallet — Mon, 28 Jan 2008 21:06:14 +0000

The dead give-away is usually the seller cannot tell you how the structure makes money other than the out of the world rate of return.

By: fathersez

fathersez — Mon, 28 Jan 2008 20:22:49 +0000

First qualification is greed. Then a little or a lot of ignorance.

There is a lot of this around, so the P Schemes always have a ready pool of customers.

No matter how Mike or anyone can rave and shout warnings, there always will be victims, who willingly walked into the trap.

By: Silicon Prairie

Silicon Prairie — Mon, 28 Jan 2008 17:22:42 +0000

That explains those stupid “stock trading robot” ads that are all over

I was wondering if they’re just expecting people to be dumb enough to pay them after seeing faked statements online, but they might actually be doing this to show a real return and get more people involved.