…but people keep at them.
It’s been really sad to see the spiral from Madoff’s Ponzi scheme. Posing as a hedge fund manager, he swindled investors out of $50 billion that’s BILLION with a “B.”
The scheme we investigated, called 12DailyPro, had a ridiculous premise: a guaranteed 44 percent return after 12 days of running a program that automatically surfs through online ads/some supposed form of Forex. Yeah, didn’t make much sense to me either. Eventually the SEC swooped in to charge the site founder with securities fraud.
One thing I learned: people don’t ask hard questions as long as they’re making money.