Many people get scammed every day. Usually it’s as a result of greed, with people expecting lots of returns without putting in anything to create that wealth.
If you research one of the greatest conmen of all time, the Italian Carlo Ponzi, you’ll see the art of the scam in all its glory. Ponzi promised the world, and a few people benefitted, but most lost everything. He was so good at his game, that they named a scam after him - The Ponzi Scheme.
It shows up every few years under different names and is orchestrated by different people. Naturally, many persons have been drawn into these schemes, scammed out of their money, as they expected extraordinary returns for no effort at all.
But Ponzi schemes aren’t the only game in town. I’m sure many have received e-mails from people in Nigeria, or some other far off country, who want to donate to you millions of dollars, all because they inherited large sums of money.
Naturally there are people who fall for these scams, or the scam artists wouldn’t keep on doing it.
“Hello dearest friend, my name is Fatima and I have inherited sixty million dollars from my father’s estate. There is a freeze on the account, so I have to get the money out of the country under a different name. Give me your bank details and I will send the funds to you.”
That’s why they say, if it looks too good to be true, then it usually is. Which brings me to the biggest scam of all in decades, the Lottery Scam. That scam has garnered millions of United States dollars annually and made many Jamaicans filthy rich.
It’s so huge that documentaries have been made about it. Just picture that lonely old lady, living all by herself in rural U.S. with nothing to do. This person calls her up, befriends her, drops some familiar names to her, then tells her that she’s won millions in the lottery.
She didn’t buy a ticket, but the scammer explains that her name was picked randomly from the grocery chain where she has shopped for years. All she has to do is send a couple of thousand dollars to process her winnings. Then to sweeten the pot, the scammer sends her a gift and a check for a thousand dollars to keep the pot bubbling.
He then asks for $5,000 more to expedite the process, which the victim sends. He may then send back a thousand or so, to keep the flames burning, but asks her to send $20,000 to close the deal. This continues for a while until the victim is drained of all her cash.
Some have sunk into deep depression, while others have committed suicide. It’s devastating to the victim and family. That’s why the FBI has stepped in, extraditing scammers when they catch them.
There are so many ways that people are duped. But if you aren’t greedy you can’t be scammed.