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Archive for Ponzi Scams

Credit Counseling Scams-Assessing credibility of credit counseling companies.

The slowdown in the economy has resulted not only in an increase in personal debt, late payments and foreclosures but have also given rise to fraud credit counseling companies.
Though there still are some credit counseling companies which are genuine but there has been a sudden spurge in credit counseling companies which do not have your [...]

SEC Exposes Millennium Bank in Caribbean Ponzi Scam

Have u heard any bank running a ponzi scheme to dupe the clients ?
In a latest update ,Millennium Bank in Caribbean have been accused for falsely selling certificates of deposits resulting into a $68 million Ponzi scheme .
As per Securities and Exchange Commission ,Millennium was using  fraudulent  marketing tactics to purport itself as supporting [...]

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It is better to suffer wrong than to do it, and happier to be sometimes cheated than not to trust. - Samuel Johnson

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