Dantata Success and Profitable Company – Yes, This Is A Ponzi Scheme In Nigeria

Whether something’s a good or a bad investment is one thing but whether something’s a ponzi scheme – as we’d suggest Dantata Success and Profitable Company in Nigeria is – is another. There’s really just the one feature we need to be able to declare that it is a Ponzi – the solicitation of investment at excessive returns. The sort of returns that can only be paid out by using later investor’s money to pay off earlier.…

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Celebrities, Institutions, Foundations – Sure They Should Return NAM1 Gifts From Menzgold

By now everyone’s sure – or should be – that Menzgold was no more than a Ponzi scheme being run by NAM1. Nana Appiah Mensah was promising 10% a month on gold, when 10% a year on gold would be over-promising by a factor of about 10. So, obviously, a Ponzi, as more than one person has said they concluded as soon as they heard about it. As did we here the moment we were apprised of it all.…

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As Ponzi Schemes Go Ghana’s Menzgold Was Pretty Small

This is actually something of a surprise, that the recently collapsed Ponzi scheme in Ghana, Menzgold, was so small. For there are really only two things which cause a Ponzi to fall over – either very few people believe in it or everyone does. Clearly, if few people believe then few invest and it never really gets up off the ground. But the significant feature of such schemes is that if everyone believes in them that’s when they fall over.…

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Why Not Prosecute NAM1? The Menzgold Money Has Gone Already Anyway

We have a warning that a criminal prosecution of NAM1 in the Menzgold case isn’t the way to go – this being an error for the money’s all gone already. There’s nothing left to do except prosecute the person who set the system up. This is just a feature of how Ponzi schemes work. There never is any pot of money left at the end because the entire point of the plan is that incoming investments get handed out as dividends to the earlier investors.…

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Ghana’s Menzgold – Welcome To Another Ponzi, This One From NAM

It always surprises when people get sucked into a Ponzi scheme such as the Menzgold one currently unraveling in Ghana. Surprises because the signs just seem too obvious – but then it’s true that I’m both a trained financial professional and also a connoisseur of the varied ways in which people try to scam investments. It may have been a long time ago that I passed my Stock Exchange exams but it did happen. And no one can work for a decade in Russian metals without seeing amusing variants of the time old scams.…

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