I would like to talk about something that is hot in Nigeria and it is the Ponzi scheme that has made so much noise all over the world especially in Nigeria in recent times. There are now hundreds of Ponzi schemes springing up daily gaining popularity among youths. The thing is that people want more money even as they realize the value of their currency is falling every day and this has driven to quick money schemes without creating value.

Ponzi was started by Charles Ponzi in the 1920s. He deceived thousands of people to invest in postage stamp scheme telling them that he was investing it for them and giving them quick returns of 50%. These were no honest returns as he paid early investors from later investors. With the advent of Ponzi, people have become sensitive to structures that seem like it but in true sense not Ponzi at all and therefore lose benefits they profer. I would like to highlight why Ponzi is evil. To continue reading kindly visit: https://ikeephopealive./2017/03/14/the-mystery-of-ponzi-and-the-evil-some-nigerian-youths-do-with-it/