MMM Global could cost you a lot more than just the money you've put into the scheme…
On 13 January 2016 I warned you the MMM Global scheme could cost you everything you invest in it.
On 23 March 2016 I told you it was an illegal pyramid scheme and its collapse is looming.
And as we're speaking this scheme is collapsing. But if you still put any faith in it, and according to reports m... ››› more
Unfortunately the investment world has its scam artists. The most common of these scams are Ponzi schemes and pyramid schemes.
So what exactly are pyramid schemes? What makes a pyramid scheme different from a Ponzi scheme? And how can you avoid investing in one?
Read on to find out…
What are pyramid schemes?
Pyramid schemes are a type of investment scam. They’re similar to Ponzi... ››› more
Investing is all about getting your money to work harder for you and making it grow. In your quest to find great investment opportunities, you may come across investment scams.
The most common investment scams include Ponzi schemes.
So what should you be wary of so you can spot an investment scam like this?
Read on to find out…
The start of Ponzi schemes
Ponzi schemes get their... ››› more
If you're thinking about investing offshore, one thing holding you back may be concerns about investing in a scam or fraudulent investment.
Just like in South Africa, unfortunately there are scammers in other countries trying to con you out of your money.
But the good news is, by sticking to some guidelines you can ensure that you put your money to work in reputable and creditable investment... ››› more
With the Internet and all things related firmly part of our lives, it's sometimes hard to know what's genuine and what isn't.
And this couldn't be more true that with ‘investment opportunities'. Promises of great riches can leave some people confused. Should they or should they not invest?
To help you uncover the genuine opportunities from the scams, read on…
Uncovering investment... ››› more
It's a sad fact that investment scams are rapidly on the increase. They dupe investors into parting with their hard earned cash with the promise of amazing returns, only never to see their money again. Look out for these six warning signs to ensure you stay ‘safe' in the investment world…
In the US and Europe, gullible investors pump millions of dollars every year into dubious financial sche... ››› more
Once you're all set to get investing, don't let your excitement get the better of you. You could make some very expensive mistakes. Here's how you can avoid investment scams…
The world of investment and finance is an exciting place to be, but unfortunately some ‘undesirables’ lurk about. And they’re always on the look out to scam an unsuspecting investor.
Three warning sign of an inve... ››› more
Investment scams are rapidly on the increase and you need to guard yourself against these all the time. In fact “gullible investors pump a lot of money every year into dubious financial schemes, often based offshore, only to discover later they've been had,” says The South African Investor. Read on to discover six warning signs you should look out for to avoid falling into the trap of investme... ››› more
Whenever you invest, there's a risk you'll lose your money. But there's also a risk you're falling for an investment scam. With the Defencex and Fidentia investment scams taking much of the limelight these past few weeks, it's little wonder new investors are wary of investment promises. That's why they're now questioning whether Forex deals are a scam or an investment miracle as some promise retur... ››› more
J Arthur Brown of Fidentia finally received his sentence from the Western Cape High Court yesterday. He faces a fine of R150,000, which he's already paid. Failing that, he'd face 36 months in prison based on two counts of fraud. Now, proving their loyalty to Brown, about 500 ex-mineworkers are hoping to sue the curators of Fidentia after losing millions of rands in investments, because the court h... ››› more
Scams are rapidly on the increase and you need to guard yourself against these all the time. In fact “gullible investors pump a lot of money every year into dubious financial schemes, often based offshore, only to discover later they've been had,” says The South African Investor. Read on to discover the warning signs you should look out for to avoid falling into the trap of investment scams.
... ››› more
Former Fidentia boss J Arthur Brown has pleaded not guilty to four counts of fraud, two of corruption, one of money-laundering and two of theft. Brown is currently on trial at the Western Cape High Court fraud and corruption case after being accused of “running a pyramid scheme and of using investors' money to fund a lavish lifestyle,” reports Fin24. Sadly, investment scams like Brown's are be... ››› more
When we hear of a new investment scam, our immediate external response is: ‘they should have known better'. But internally you think ‘that could have been me, so easily!' This week, Bruce Cameron wrote in the Business Report newsletter that The Association for Savings & Investment SA (Asisa) wants all investment products sold in South Africa to be brought under an insurance act to minimise the... ››› more
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