How to Recognize a Ponzi Scheme
How to Recognize a Ponzi Scheme

How to Recognize a Ponzi Scheme

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How to Recognize a Financial Pyramid

If you are being persuaded to invest money for a short term with the promise of significant profits, and you are not required to do anything except possibly recruit new members, you are being lured into a financial pyramid.

Be wary if the project is presented as a know-how, uses overly unconventional business models that raise suspicion. The project office is subpar for a “super successful” and “dynamically developing business” or may not exist at all. Generally, fraudsters do not provide clear information about how and on what they earn.

Be vigilant! Before investing your savings, search for information about the company online. Work only with licensed financial service providers and only under contract. It is essential to read the contract carefully; if in doubt, consult lawyers.

Considering the need to combat fraud and financial pyramids, please familiarize yourself with more detailed information on the financial literacy media portal Fingramota.kz in the "Beware of Fraudsters" section.