#QuickbiteCompliance day 205
🚨 The Sneaky Trick That Steals Millions: Ponzi Schemes Explained! 🚨
Imagine someone promises to double your pocket money in just a week—sounds amazing, right? But what if they’re just using your money to pay back other kids while keeping most of it for themselves? That’s how a Ponzi Scheme works!
Named after Charles Ponzi, a fraudster who tricked 40,000 people out of $15 million in the 1920s, this scam lures victims with fake “too-good-to-be-true” investments. Bad guys take money from new investors to pay old ones—until the whole thing collapses, and they disappear with the cash!
### 🕵️ How Criminals Use Ponzi Schemes Today:
– Fake Crypto Investments – Scammers promise huge returns on Bitcoin or other digital coins but just steal deposits.
– “Exclusive” Real Estate Deals – They claim you’ll earn big from property investments that don’t exist.
– Pyramid Schemes – Disguised as legit businesses, they recruit people to “invest,” but only the top crooks profit.
The scary part? These scams keep evolving, making it harder to spot them. That’s why awareness + smart tech (like #InclusiveRegtech & #OpenSourceAML) are key to stopping financial crime!
🔗 Learn more about financial scams: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#StopFinancialCrime #PonziSchemeAwareness #FraudPrevention #100HariNulis #SmartInvesting
(P.S. – If an offer sounds too good, it probably is! Always research before investing.)