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What is Fraud?

What is fraud? You might think the answer to this is obvious, but the fact that some people seem to be able to get away with what others might consider fraud shows that it isn’t so straightforward. If we hope to be able to deal with fraud effectively it is important that we have a good definition of what this actually is.

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How to Avoid Falling Victim to a Ponzi Scheme Scam

The Ponzi scheme is probably the most popular financial scam there is. This type of fraud not only affects those people who are naïve to investments but has also been used successfully on some of the biggest investors in the world. It can take a lot of time before a Ponzi scheme becomes unmasked and during that time a lot of damage can occur. People have been known to lose all their savings and businesses have gone bust because of this scam. It is called the Ponzi scheme because this is the name of the fraudster who brought it to the public’s attention back in the 1920s in the United States; it has probably been around for much longer time than this though. Some experts warn that these scam investment firms make a lot of effort to look like a traditional firm.

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