Fiction: Only an unintelligent person would fall victim to a Ponzi scheme.

Fact: An investment operation that pays returns to investors from their own money or from money paid by subsequent investors—rather than from actual profits—is a Ponzi scheme. And these frauds make news for a reason. Many people fall victim to such schemes, regardless of their intelligence or investment savvy. There are things you can do to protect yourself, though. Read "The Ponzi Scheme: An Old Con That's Making News" for more information.


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