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A get-rich-quick scheme is a plan to obtain high rates of return for a small investment. Most schemes create an impression that participants can obtain this high rate of return with little risk, skill, effort, or time. The term "get rich quick" has been used to describe shady investments since at least the early 20th century. [1] [2]
Many still see cryptocurrency as a “get rich quick” scheme, where they can put a few dollars in and take out 10 or 100 times their money, ideally as soon as possible. ... nearly 33 percent of ...
Conny Gordon is living proof that no amount of sophistication can immunize you from financial scams. The founder of The Simple Adult, a financial literacy platform for young adults, Gordon is savvy...
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
The Chase Bank trend is just the latest “get rich quick scheme,” a centuries-old concept that has been resuscitated by social media, drawing desperate people into financial crime.
An ad for a work-at-home scheme posted on a pole. A work-at-home scheme is a get-rich-quick scam in which a victim is lured by an offer to be employed at home, very often doing some simple task in a minimal amount of time with a large amount of income that far exceeds the market rate for the type of work.
The lure of the get-rich-quick scam in Kenya. Zambia uncovers 'sophisticated' Chinese cybercrime syndicate. There are a large number of accounts on TikTok, Instagram and X that look at first as if ...
A sucker list is a list of people who have previously fallen for a scam such as a telemarketing fraud, lottery scam, high-yield investment program, get-rich-quick scheme, or work-at-home schemes, or, as used by charities, someone who made a donation. The lists are usually sold to scammers or charities. [1] [2] [3]