'A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent...'
All the scams listed on this blog fall into this definition.
Every single Ponzi makes the people at the top of the pyramid money...
Every single Ponzi makes the people at the bottom
of the Pyramid lose it all...
'Zeek Rewards' receivers have started clawing back the gains made from people who 'earned' their fortune.
'Banners Broker' receivers will also start to do this in due course.
All these schemes are now gaining the attention of the Authorities world wide. We will never eradicate them, but if we can stop people joining in the first place, then all our hard work has been worthwhile.