Ignorance and Greed are the biggest reasons why people fall for scams
This post is about scams
and why people fall for them all the time.
According to Bob Wood, the founder and CEO of Nexxus Partners, scams of all kinds feed on two ingredients to create their perfect storm: ignorance and greed. Wood explains that new technologies are not understood by most people, enabling scammers to twist the facts just enough to include some truth mixed with deception, so as to occasionally fool individuals.
The biggest culprit in this category, as noted by Wood, is Onecoin.
“OneCoin is an illegal Ponzi scheme, promising unrealistic returns on investment that only come from new investor’s money,” he says.
10 Types of People Who Fall for Scams, Schemes and Cons
http://www.moneytalksnews.com/10-types-people-who-fall-for-scams-schemes-and-cons/
The 11 Worst Internet Scams We’re Still Falling For
https://www.yahoo.com/tech/the-11-worst-internet-scams-we-1283163153588278.html
Australians lose $45 million to scams in 2015
https://www.scamwatch.gov.au/news/australians-lose-45-million-to-scams-in-2015