Rrl Thesis
SUMMARY OF SOURCES
Title: Pyramid Schemes
Author/s: U.S. Securities and Exchange Commission
Date written/published: :02/25/2009
Classification of the literature: Internet
Link for online literatures: http://www.sec.gov/answers/pyramid.htm
Pyramid scheme is the promise of very high returns of investment in a short period of time by solely recruiting new participant into the program. Participants do nothing other than handing over their money and recruiting other members to do the same.
To make a program look legitimate, fraudsters make their scheme look like a multilevel marketing program offering products or services to sell. These schemers simply use money from new recruits to pay-off early investors.
This chart shows that pyramid schemes are impossible to sustain. Eventually, the pyramid will collapse, as the schemes get to big and fraudsters cannot raise enough money to pay off investors and people will lose money.
Title: Of Ponzi and pyramid scams: Why do Pinoys keep falling into the same old trap?
Author/s: Likha Cuevas-Miel
Date written/published: 11/15/2012
Classification of the literature: Internet
Link for online literatures: http://www.interaksyon.com/business/48146/special-report--of-ponzi-and-pyramid-scams-why-do-pinoys-keep-falling-into-the-same-old-trap In the Philippines, almost every year there are new the people lose their money in investing in scams and schemes but why do Filipinos still fall for these fraudulent programs.
As explain by Conrado Bate of COL Financial Philippines, people has its tendency to acquire more than what he wants or deserves. People are naturally greedy and with that when there is a chance to double money within a short period of time, they want to ride on it.
According to Bate, A person has a natural tendency to want to make a quick buck, especially when traditional investment mediums don’t give much of a return. It is also enticing when an investment scheme is recommended by
Title: Pyramid Schemes
Author/s: U.S. Securities and Exchange Commission
Date written/published: :02/25/2009
Classification of the literature: Internet
Link for online literatures: http://www.sec.gov/answers/pyramid.htm
Pyramid scheme is the promise of very high returns of investment in a short period of time by solely recruiting new participant into the program. Participants do nothing other than handing over their money and recruiting other members to do the same.
To make a program look legitimate, fraudsters make their scheme look like a multilevel marketing program offering products or services to sell. These schemers simply use money from new recruits to pay-off early investors.
This chart shows that pyramid schemes are impossible to sustain. Eventually, the pyramid will collapse, as the schemes get to big and fraudsters cannot raise enough money to pay off investors and people will lose money.
Title: Of Ponzi and pyramid scams: Why do Pinoys keep falling into the same old trap?
Author/s: Likha Cuevas-Miel
Date written/published: 11/15/2012
Classification of the literature: Internet
Link for online literatures: http://www.interaksyon.com/business/48146/special-report--of-ponzi-and-pyramid-scams-why-do-pinoys-keep-falling-into-the-same-old-trap In the Philippines, almost every year there are new the people lose their money in investing in scams and schemes but why do Filipinos still fall for these fraudulent programs.
As explain by Conrado Bate of COL Financial Philippines, people has its tendency to acquire more than what he wants or deserves. People are naturally greedy and with that when there is a chance to double money within a short period of time, they want to ride on it.
According to Bate, A person has a natural tendency to want to make a quick buck, especially when traditional investment mediums don’t give much of a return. It is also enticing when an investment scheme is recommended by