By Staff

That’s right folks, I said Ponz, not Fonz. Just like Henry Winkler’s character on Happy Days, Ponzi schemes should not be messed with. Just ask Bernie Madoff… He’s facing 150 years in the slammer for his shenanigans.

For those of you who are not familiar with Ponzi schemes, check out Wikipedia.

Bernie Madoff is not alone in this practice. According to BBB, there are numerous smaller scale pyramid and Ponzi schemes all over the internet, most notably on YouTube. There are thousands of these cash gifting videos out there, and they all promise people that they will make money easily. All of these programs are based off of multiple people signing up, and whatever they paid to sign up is just passed along to others that signed up previously. In the long run, many people end up getting screwed over, so don’t let it happen to you.