Ponzi schemes

Transcript

 I’m Miriam  Neff,  and I’m Valerie Neff Hogan, with Wise Women Managing Money

 M A few decades ago, an elaborate Ponzi scheme was exposed.  Seemingly a good investment, folks were giving money to an organization that stated they were investing this money in good companies for growth.  Wrong. Their money was being wasted.

 V We say, investigate, investigate, research and then repeat.  Asking friends in your club, or church, or athletic club is not investigative research.  They may be falling for the same scheme you are being offered, Research FTC.gov, broker check.org, and Better Business Bureau.