Clear telltales of Ponzi scheme in the making

Fraudsters use genuine asset class such as Bitcoin to lure unsuspecting investors. FILE PHOTO | NMG

In the past one week, two friends separately approached me to check out some wonderful investment opportunity.

What’s interesting was that each opportunity involved bitcoin and promised monthly returns in the double digits. No doubt bitcoin has had a spectacular run this year but something wasn’t right.

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Note: The results are not exact but very close to the actual.