The African Banking Risk Information Centre (abric) urges consumers to be skeptical of any investment that seems too good to be true, to prevent being deceived by so-called investments that promise quick, high and guaranteed returns.
In Africa, these schemes generally meet the criteria of either a traditional Ponzi or Pyramid scheme.
Both schemes see returns generated for earlier investors through revenue paid by new investors, rather than from legitimate investments or business activities. At the point where there are more existing investors than new investors, the scheme collapses and all monies invested, are lost.
How To Spot Fake Investments And Ponzi Schemes To See Them All …..