Commonly, many want to earn lots of cash by doing very little work, because these people wish to almost easy money, without exerting themselves. With such people available in abundance, many ‘make easy money’ programs cropped up in the internet space. The organizers of such programs will give an unverifiable address to their company. These companies loot the money-hungry people, offering them almost heaven on earth. Initially, the organizers of these programs pay some people, large amounts compared to their investments. The people who receive such money start promoting the program, among their friends, associates, and easy money aspirants. The usual type of conversation between the person who received big money and those who are longing to get fat money packets runs like this:
The person who received big money with a small investment (Character-1): Hi guys, do you know that I got paid USD1000 in 12 days for a paltry USD 50 I invested.
Easy money hungry guys (Characters-Many): Are you sure bro, Suppose I invest USD1000, will we get USD20,000/ just after 12 days?
Character-1: That is what I am telling. Come on guys let us raise means in every possible way so that we can become billionaires in a short time.
Characters-Many: Thanks bro, we have been looking for such a program for a long time. Thanks for sharing.
Like this, free publicity puts the program in front of many easy money-hungry people.
For lazy people, glitter is attractive. They are not interested to find whether the glitter is coming from gold or silver foil.
Such programs are termed as the Ponzi scheme. As per Investopedia, a Ponzi scheme is, “The Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for early investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors funds to pay the earlier backers.”
Years back, a Ponzi scheme offered 12% interest per day for 12 days on your investment. On the thirteenth day, you get paid. Many flocked to that program. For some days, the organizers of the program paid regularly. Then it was reported. SEC came into the picture and, it went to court.
Another similar scheme surfaced after a few months. Initially, that fellow also paid, but later payments stopped. One fine morning, when investors opened the site, they saw a notice written by the organizer of the program. In brief, it read like this: You easy money mongers, I fooled all of you. I have promised heaven on earth which you believed. I convinced you I have a big office. The fact is, I worked from an internet center, with false IDs and looted enough money from all of you, which will take care of my life. I will come again with another name and another best offer. I am sure that there are enough fools, to make people like me rich. From today you will not be able to access this site, because I am taking it off from hosting. Don’t waste your time searching for me, you can never find me. If you aspire for easy money, it gives you woes.