Whether you know it or nothttps://businesstips.xyz you are probably familiar with a ‘Ponzi Scheme’. If you’ve ever seen films like Wolf Of Wall Street or Runner Runnerhttps://businesstips.xyz then you will have come across two very high profile examples of it. We’ll explain in more detail what it is and how to avoid being the victim of one (which unfortunately isn’t always easy) otherwise you may end up needing the help of investment fraud lawyers to try and get some or all of your money back.
What Is A Ponzi Scheme?
A Ponzi scheme in its simplest terms is a person or people who steal from the money they are holding for customers. It comes in many different guises but is most commonly found in the trading world where people invest their money. Let’s say a new investment company starts up and 10 people invest £1https://businesstips.xyz000https://businesstips.xyz the total fund is now at £10https://businesstips.xyz000 so providing people keep their money in therehttps://businesstips.xyz there is effectively a bank account with £10https://businesstips.xyz000 which is supposed to be invested but might not be. The owner of the company could take £1https://businesstips.xyz000 of that for themselves and then providing all 10 people don’t want to withdraw …