Greetings

Thank you For giving brief introduction about the ponzi scheme and its frauds that are common observed and most of the people become victim of it despite we are educated but still greed is in our heart and we didn't search much and become victim such forth scheme which didn't give us any reward bus only pain and obviously we become aware in future but after repent and losing money and courage too.

A misleading funding device that gives big returns with little to no threat is referred to as a Ponzi scheme. The plan bears Charles Ponzi's name, an Italian-born con artist who ran one of the maximum infamous Ponzi scams in history in the early 1900s.

Thank you for giving other points which we keep in mind for next time and in future and obviously we should have aware from it to because these things just common in country and people become easily a victim of it.

I wish you good luck