answersLogoWhite

0


Best Answer

The best rule to follow is that if the return offered seems too good to be true, it probably is, so walk away with your savings intact. Statements such as 'you will need to act fast if you don't want to miss out on this great opportunity' should set alarm bells ringing too. This kind of pressure selling to invest can happen at 'Special invitation only investment seminars' which are best avoided.

User Avatar

Wiki User

βˆ™ 12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How can an individual avoid being a victim of a Ponzi scheme?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance
Related questions

Select all factors can help you avoid becoming the victim of a terrorist attack?

factors that can help you avoid becoming the victim of a terrorist attack?


Select all factors that can help you avoid becoming the victim of a terrorist attack?

factors that can help you avoid becoming the victim of a terrorist attack?


How can a person avoid being a victim of health fraud?

A person should avoid being a victim of health fraud by avoiding the backdoor clinics and hospital and keeping his health insurance information private and confidential.


Is plea bargain fair on the victim?

Plea bargaining can be beneficial for both the victim and the perpetrator in some cases by avoiding the trauma of a trial and securing a quicker resolution. However, some victims may feel that plea bargains do not adequately punish the offender or provide them with the closure they seek. Ultimately, the fairness of a plea bargain to the victim depends on the individual circumstances of the case.


What are some scams to avoid when investing online?

The main scams to avoid when investing online are Ponzi schemes, promissory notes, affinity fraud, senior investment fraud, and hidden costs in variable annuity investments. One must also beware unlicensed individuals selling securities.


What was lord kitchener's programme called to avoid conscription?

Lord Kitchener's programme to avoid conscription in World War I was called the Kitchener Volunteer Scheme. This scheme aimed to recruit volunteers for the British Army, relying on patriotism and individuals willingly enlisting rather than being forced into military service through conscription.


How should you move a victim who is too large to carry or move otherwise and must be moved?

Call for additional help to assist in moving the victim using a tarp or blanket as a makeshift stretcher. Ensure that the victim's body is supported and protected as you slide them to safety. Avoid dragging the victim across rough terrain to prevent further injuries.


What is main purpose of patronage?

to avoid concentrating power in one individual or group.


What is the main purpose of patronage?

to avoid concentrating power in one individual or group.


Why would the splits complementary color scheme be easier to work with than the complementary color scheme?

The split complementary color scheme provides a wider range of colors by using a base color and two adjacent colors to its complement. This can make it easier to create a balanced composition as it offers more variety and flexibility compared to the stark contrast of the traditional complementary color scheme, which can be challenging to work with without careful handling to avoid overwhelming visual effects.


If you feel like your victim is at risk of fainting how would you treat them?

Get them to sit and put their head between their knees, if possible. This can avoid a faint in most cases.


Select the factor that will NOT help you avoid becoming the victim of a terrorist attack. (Introduction to Antiterrorism Page 4) Vulnerability Location Opportunity Association?

vulnerability