Ponzi schemes are scams that are popping up all over the place. Hardly anyone wants to talk about it because those who have lost money (LOTS of people!) are generally very embarrassed at having fallen for a scam. However, no-one should feel ashamed except those who promote the scam in the first place. I have exposed numerous scams on my youtube channel over the years and have never been wrong - I have been online long enough to have seen numerous Ponzi schemes and they always follow the same pattern of promising high returns for little or no risk. They all fundamentally work the same way - have some bogus "business" on the front end whilst on the back end suck in money from gullible and greedy "investors" who believe they may get rich quick. This money is then used to pay out earlier investors with the mirage of their "wonderful technology" or "amazing business idea" or "AI trading bot" etc. Whatever the excuse is, the fundamentals are still the same. They take in new money to pay to earlier investors. ALL Ponzi schemes collapse.

Why do I do my videos? To help educate and stop people losing money and becoming victims. Ponzi schemes/scams are very often classed as a low level crime, but in reality some of the bigger Ponzi schemes can steal $billions and fund all sorts of criminal activities which can even lead to the death of innocent people.

I personally HATE, yes absolutely HATE Ponzi schemes and hence I hope this video will reach a big audience.