Welcome to my blog: Review: Ponzi Schemes Fact or Fiction?
Ponzi Schemes Fact or Fiction?
There has been some talk about supposed crypto trading companies that promise exorbitant returns, but exit scam their investors and affiliates. So I decided to take a closer look.
As an example, I found a company in Quebec, Canada 7.9% Daily ROI returns. You and I would both have to say this sounds absurd. Unfortunately, these types of schemes litter the internet. They are unregulated and promise fortunes for becoming an affiliate and recruiting others.
Remember how long it takes to earn money. It is always easy to invest, but hard to recoup your sum of money. Now that you landed here you want some truth.
The good news is I am going to share with information given out by the US Security and Exchange commission.
Remember it is always easy to invest, but can be difficult to exit.
Making the wrong decision here can cost, so PAY close attention and read this to the end…
SEC definition of a Ponzi Scheme
So in reviewing Ponzi Schemes are they Fact or Fiction?
The SEC says:
“A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk. But in many Ponzi schemes, the fraudsters do not invest the money. Instead, they use it to pay those who invested earlier and may keep some for themselves.
With little or no legitimate earnings, Ponzi schemes require a constant flow of new money to survive. When it becomes hard to recruit new investors, or when large numbers of existing investors cash out, these schemes tend to collapse.
Ponzi schemes are named after Charles Ponzi, who duped investors in the 1920s with a postage stamp speculation scheme.
Ponzi scheme “red flags”
Many Ponzi schemes share common characteristics. Look for these warning signs:
- High returns with little or no risk. Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any “guaranteed” investment opportunity.
- Overly consistent returns. Investments tend to go up and down over time. Be skeptical about an investment that regularly generates positive returns regardless of overall market conditions.
- Unregistered investments. Ponzi schemes typically involve investments that are not registered with the SEC or with state regulators. Registration is important because it provides investors with access to information about the company’s management, products, services, and finances.
- Unlicensed sellers. Federal and state securities laws require investment professionals and firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.
- Secretive, complex strategies. Avoid investments if you don’t understand them or can’t get complete information about them.
- Issues with paperwork. Account statement errors may be a sign that funds are not being invested as promised.
- Difficulty receiving payments. Be suspicious if you don’t receive a payment or have difficulty cashing out. Ponzi scheme promoters sometimes try to prevent participants from cashing out by offering even higher returns for staying put.”
My #1 Recommendation
Therefore whether Abasco Investment is for you or not. I do know you want to make money online.
If you landed on this blog, you want to actually know how to make money online right?
When it comes to BOTs or trading, one thing you need is CAPITAL so you can invest in more legit products, and getting another job isn’t the best way to do that…
If you want to learn how you can increase your cash flow without trading your time for money…
Once you learn this skill set, and the mind set, the sky is the limit when it comes to cash flow.
From there you can invest in appreciating assets and build long term wealth.
Remember to follow me on social media below because I am actually real and want to serve you.
Therefore, I hope you enjoyed my Abasco Investment Review and if you have any questions feel free to ask in the comments below…
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See you at the top,
-Scott Rulon
P.S. By the way, just so you know, if you are tired of failing ANY business, click here and check this out to take your game to the next level.
By the way here are My other Blogs
Million Token Review – Legit Crypto or Hype and Trash Coin?
Shaklee Review – (2021) Legit or scam?
HyperFund Launches HyperMining That Promises Rewards of Big ROI
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