Stories tagged
‘pyramid scams’

Beware of those false profits

SEVERAL MONTHS ago, a college friend invited me to join a new investment fund that promised tremendous returns. The firm was supposedly an international company, and promised an interest rate of four percent — a day. It promised even higher returns if one were to recruit more investors and form his own “network.” Suspicious, I asked about the company’s investment portfolio and track record. But my friend had little information about these things.