"The only way such schemes can be sustained is by the originators constantly finding new subscribers. These new subscribers help to service the obligations to the older clients." "Schemes offering more than 15% guaranteed returns are to be seen with caution as investors may lose money in such schemes," says Chandrashekhar Thakur, head - investor education, Central Depository Services (India) (CDSL). Full story
Disguised Ponzi schemes can burn off your savings
"The only way such schemes can be sustained is by the originators constantly finding new subscribers. These new subscribers help to service the obligations to the older clients." "Schemes offering more than 15% guaranteed returns are to be seen with caution as investors may lose money in such schemes," says Chandrashekhar Thakur, head - investor education, Central Depository Services (India) (CDSL). Full story
