originated in the US in the early 20th Century
Wherein public were defrauded of millions of dollars by a
swindler named Charles Ponzi. The sponsors of various fraudulent
financial schemes in Pakistan have employed/are employing the
Ponzi technique that adopts the following methods in various
unusually high rates of return with slogans like doubling money
in a short period. These rates are abnormally higher than the
return on investment being offered by genuine, established and
recognized investment companies.
Use money of
new investors as and ongoing process for paying the old
investors to also create a confidence level.
Use a cover
up legitimate business to provide explanation to investigators
including media. The return on legal business in minuscule as
compared to pay-offs.
are usually bankrupt themselves while living luxurious life
styles and use exceptional convincing power to defraud the
In order to know more about such swindlers visit
our website at
http://www.nab.gov.pk or go directly to
http://en.wikipedia.org/wiki/ponzi_scheme or just
type ponzi schemes on the search engine.
A public Service
Message by the Awareness and Prevention Division, National