Wendy B Namack, CFP®'s Blog – May 2009 Archive (1)

You’ve likely heard about some of the Ponzi schemes that have served to erode investors’ trust in the financial industry. Heightened awareness of the issue—especially in light of the media storm generated by the Bernard Madoff scandal—may uncover more of these schemes in the future. But aside from knowing that these events aren’t good news, many people don’t really understand what a Ponzi scheme is and, more importantly, how to avoid becoming a victim of one.



Ponzi—a name that… Continue