Ponzi scheme

What is ponzi scheme?

• Extortion is a crime in which one person forces another person to do something against his will, generally to give up money or other property, by threat of violence

• The selling of false things/tickets/items in order to gain free money

• a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors

• Promoting false advertisement and propaganda in order to bait people into buying the product

In ponzi scheme, who is hurt?

• yourself

• your family

• The banks

• People giving and loaning money

Would the average person fall for this scam?

• Yes

• No

What emotion does this scam rely on?

• Stubborn

• Greedy

• Smart

• Dumb

Who is the target for ponzi scheme

• Banks

• Anyone willing to lend money

• Your friend who lends you money

• Disabled people

How long until you lose money in ponzi scheme?

• Soon as you get the loan

• After a couple payments

• At the end of the deal

• When you make the first payment

Who is this bernie madoff?

• Creator of Ponzi scheme

• Random dude

• Most known person for using this scheme

• your mom

What is the most efficient way to avoid this scam?

• Understand your deal and contract

• Don't do the deal period

• Both A and D

• Only do deals with known and certified people

Does the scam work everytime? If the person is dumb

• Yes

• No

• sometimes

• Seldom

What to do when scammed by ponzi scheme

• File police report

• Contact the lender

• Try and get your money back

• All of the above