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Beware of Ponzi Schemes

Mommy Lyna — Thu, 17 Dec 2009 01:33:33 +0000

Pay RM5, get 5 friends to sign up and you get RM500 in a week!

Sound familiar?

What is Ponzi Scheme

Ponzi Scheme is a kind of ‘investment’ that pay the ‘investors’ high return in short time, almost guaranteed and free from external factors. It is like an easy money, with just one sign up, getting more people to join, and making more and more money.

This scheme named after Charles Ponzi, who ran the most Ponzi schemes in 1920s.

Is Ponzi Scheme safe?

Ponzi Scheme does not invested its money to any sector, but it use the investors own …

Beware – Lottery Scam!

Little Mama™ — Thu, 07 May 2009 07:16:07 +0000

Congratulation.. You Won USD1,000,000!

If you’re a Yahoo, Gmail or Hotmail user, you would probably receive some emails with the title above. What do feel when you first received an email like this?

Excited? Thrilled because you just become a millionaire?

Hey! Hold on to your horses. Don’t be too excited because this kind of emails are spams. It’s a trick to get you paying some money without getting anything.

A few years ago, a friend was very excited and happy receiving an email saying that she won a lottery amounting to USD1,000,000. She replied to the email
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