Monday, January 26, 2009

Agape World

Another day, another ponzi scheme. Agape World is a company run by a man named Cosmos. It sucked in about $380 million from investors.

Well, the question coming to my mind is, first of all, did he willingly surrender or did his company fail like Madoff's?

See, maybe he decided to come clean when he realized the inevitable- that his scheme would fail.

That's another reason why I would choose a different scam if I were a scammer. Think about it. Ponzi schemes require increasing inputs of money and you don't actually get to keep the cash you do have. You are essentially a huge middleman that doesn't get to keep anything. Plus, the constant lying alone would stop me from ever thinking of doing such a crime.

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