They would pay up gladly 1500 Rupees for a shirt which they to be worth 300,pay for Coffee 150 which is worth Rs 15, convincing themselves they pay for ambiance and Service aided by advertisements calling ‘Value Addition’Ī classic pyramid scheme: you get an email with a list of names, you are asked to send 5 dollars (or so) by mail to the person whose name is at the top of the list, add your own name to the bottom, and forward the updated list to a number of other people. Look at the IT people who earn around a lakh per month. If you look at the victims you will not find people from the Poorer section of the Society.Īs you earn more the tendency to over spend and gamble though you know it is likely to fail. Why do people victims get cheated are well-educated professionals. In plain English your money is not guaranteed. You have a Fine print ‘Subject to Market Risk‘

The catch: before you can collect your “winnings”, you must pay the “processing” fee of several thousands of dollars. It will inform you that you won millions of dollars and congratulate you repeatedly. Insurance is a concept where the Insurer covers himself from all angles and he is sure that the demands from the investors would not come at the same time and he could go on rolling in some one else’s money! This scam will usually come in the form of a conventional email message. In the first one you imagine that you will keep on earning and one day you will find it is gone or it does not come to you as promised.Įxcept Government’s Pension Schemes, you would never receive more than 6 % per annum return. The former is notional, relative to your needs and the greed of the one who lends you. If two guys deserve the award for Cons Concept they should go to , Under this Class comes ULIP schemes ,Insurance.

The third type is those who do not know that they are being cheated continue to be cheated.

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