It’s all over the news, and it’s really sad to see people fall and become victims of empty promises aimed to rob them of their hard earned money.
“They deserve it, those GREEDY people!”
That’s what I often read in Facebook groups and forums. Well, really? Are they really just Greedy?
Let’s explore the different types of people that become victims of these types of transactions.
1. People who wish to be taken out of poverty as soon as they can.
I remembered a story from one of my clients regarding the scandal of Aman Futures that happened during 2012.
During the height of one of the most controversial investment scam in the history of the Philippines, farmers started to sell their farms to invest in Aman futures – expecting hefty profits from the company.
The hype increased as members parade their newly bought SUVs in the provincial roads.
What’s sad in this story?
Those farmers sold everything they had for a hope that it will be “the one investment” that will lift them up from poverty.
We already know how this tragedy ended up.
2. People running for the quick buck
Few years ago, I started exploring the world of Forex trading. The promise and potential was so great that I thought I could buy a 3 Million Peso condo unit in a year of trading with an investment of P5,000.00.
I didn’t expect that I would burn my P5,000 in just 1 week of trading. Burned as in nawala lahat!
Well, I thought that I can get back the lost money by investing another P5,000.00. After a week, I lost it again.
Just to be clear, Forex trading is not a scam. But the behaviour on how I dealt with the investment is somehow the same with people who are going after the fast and easy money.
As the famous investment mantra says “The higher the potential returns, the higher the risk.”
Investment scams offer a tremendous amount of return in a short time frame. No doubt that the risk is equally high as well.
3. People with good intention to do business but fell in the wrong organization.
There are some who are just there in good faith, trying to make an honest income, but for an unfortunate reason, was involved in a questionable organization.
The best way to get away from this is to do our due diligence. It’s best to check out the collection of articles below to help you detect whether the company you’re trying to deal with is legit or not.
It won’t hurt to spend time checking out which company you’ll involve yourself in before putting that much effort in trying to build your business.
4. People who wish to ride the scam parade and benefit from it
These people already knew clearly what they are diving into, they knew that one way or another, they are involving themselves in an investment scam. They proceed anyway.
Well, in fact, these people try to ride the scam parade with the aim to get out with as much they can.
How can we avoid being a victim?
In most cases, being aware of how scams operate would help us get away from the headache of being a victim.
In some instances, even though some people are aware, they’ll dig in anyway. That’s a risk they have voluntarily taken.
How to spot a scam? You may refer to the following articles.