According to the Internet Crime Complaint Center (ICCC), Ponzi or Pyramid schemes are investment scams in which investors are promised abnormally high profits on their investments.
No investment is actually made. Early investors are paid returns with the investment money received from the later investors. The system usually collapses. The later investors do not receive dividends and lose their initial investment.
What can you do, if anything, to help prevent being a potential victim of a Ponzi or Pyramind scam?
According to the ICCC, you should do the following:
If you think you may be a victim of of Ponzi or Pyramid scam, contact your local law enforcement agency and file a complaint with the ICCC at ic3.gov.
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