Here's What Seniors Need to Know About Pyramid Schemes

Pyramid schemes are nothing new. For example, in the 1920s, Charles Ponzi promised investors high returns on postal reply coupons, using the money from new investors to pay returns to earlier investors. Like all pyramid schemes, Ponzi's collapsed in a heap. Because scam artists will do anything they can to separate their victims from their savings, it's vital that seniors understand that they're prime targets. More importantly, seniors must know how to spot and avoid pyramid schemes.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool