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When finances are shaky, it’s easy to fall prey to shady easy-money schemes. Don’t get lured in and become the loser in these often illegal practices. 20 ‘Easy Money’ Schemes That Prey on ...
The lure of “get rich quick” schemes can be irresistible as they essentially promise huge sums of money in exchange for little work or a very low investment. 7 Reasons Why ‘Get-Rich-Quick ...
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
A get-rich-quick scheme is a plan to obtain high rates of return for a small investment. Most schemes create an impression that participants can obtain this high rate of return with little risk, skill, effort, or time. The term "get rich quick" has been used to describe shady investments since at least the early 20th century. [1] [2]
Earn money the unconventional way with these schemes.
In the United States, chain letters that request money or other items of value and promise a substantial return to the participants (such as the infamous Make Money Fast scheme) are illegal. [ 1 ] Some colleges and military bases have passed regulations stating that in the private mail of college students and military personnel, respectively ...
Pyramid-scheme adjacent, sure, but technically not pyramid schemes. Multilevel marketing is the system made famous by companies like Herbalife. In this system, a company relies heavily on a ...
The company "Yosr Developpement Ltd" director was behind money laundering, illegal investments and Ponzi scheme frauds. [ 132 ] On February 26, 2014, Gregory Loles, who formerly ran Farnbacher-Loles and related investment entities, was sentenced to 25 years' imprisonment by federal judge Alvin W. Thompson for a $25 million Ponzi scheme ...