Understand why these scams work, and how you might protect yourself against them.
I enjoyed an episode of Cautionary Tales, where they go into the history of such schemes - including a woman, Sarah Howe, who orchestrated one in the 1880s. Naming things after women is apparently not allowed though, so Ponzi gets the credit.
https://timharford.com/2024/04/cautionary-tales-the-fraudsters-guide-to-magic-money/
Glad you enjoyed it. I hope my dear friend in Singapore will come to her senses one day.
Hmmm - the old adage “if it looks too good to be true, then it probably is” is a useful weapon against such scammers…
Yes. When it's too good to be true...
I enjoyed an episode of Cautionary Tales, where they go into the history of such schemes - including a woman, Sarah Howe, who orchestrated one in the 1880s. Naming things after women is apparently not allowed though, so Ponzi gets the credit.
https://timharford.com/2024/04/cautionary-tales-the-fraudsters-guide-to-magic-money/
Glad you enjoyed it. I hope my dear friend in Singapore will come to her senses one day.
Hmmm - the old adage “if it looks too good to be true, then it probably is” is a useful weapon against such scammers…
Yes. When it's too good to be true...