Wednesday, April 24, 2013

More Indian Ponzi (and Pyramid) Schemes Profiled

A friend tipped me to this article:

Where Mail online basically had the same idea of the blog post I wrote only a few days ago... About the sheep and emu Ponzi, as well as other Ponzis.

In the past decade, India had been through so many Ponzi and pyramid schemes it's amazing how much money had been siphoned off by the crooks, and due to the slow pace of Indian justice system many of the crooks had not been arrested, and some had not even been charged with any crimes.

I can lament forever about the information age had not caused the most vulnerable people to get more common sense, about doing their own research (due diligence) instead of relying on other people's (alleged) expertise and experience... but I won't.

Read the article for yourself.

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