VES warns pe­o­p­le for re­vi­val of py­ramid sche­mes

Times of Suriname - - ENGELS -

The As­so­ci­a­ti­on of Eco­no­mists in Su­ri­na­me (VES) re­cent­ly is­sued a sta­te­ment, in­di­ca­ting that it dee­med it ne­ces­sa­ry to warn the pe­o­p­le about sus­pec­ted py­ramid sche­mes that are pop­ping up in Su­ri­na­me un­der va­rious na­mes.

A py­ramid sche­me is an il­legal in­vest­ment scam ba­sed on a hier­ar­chi­cal setup. New re­cruits ma­ke up the ba­se of the py­ramid and pro­vi­de the fun­ding, or so-cal­led re­turns, the ear­lier in­ves­tors/re­cruits abo­ve them re­cei­ve.

A Pon­zi sche­me is a frau­du­lent in­vest­ment ope­ra­ti­on whe­re the ope­ra­tor, an in­di­vi­du­al or or­ga­ni­za­ti­on, pays re­turns to its in­ves­tors from new ca­pi­tal paid to the ope­ra­tors by new in­ves­tors, ra­ther than from pro­fit ear­ned through le­gi­ti­ma­te sour­ces. Pon­zi ga­mes pop up world­wi­de un­der va­rious na­mes but are al­ways il­legal. The Pon­zi fraud has strong si­mi­la­ri­ties with the py­ramid sche­me but the im­por­tant dif­fe­ren­ce is that mem­bers do not ac­ti­ve­ly re­cruit new par­ti­ci­pants. New mem­bers are re­crui­ted through ad cam­paigns. The exis­ting par­ti­ci­pants do not get any com­mis­si­on ba­sed on the num­ber of par­ti­ci­pants that they re­cruit but their re­turns de­pend on the in­vest­ment and the in­vest­ment pe­ri­od. This is why it is ea­sier to dis­gui­se this con­struc­ti­on as an in­vest­ment pro­duct. One­coin and Swisscoin are being ad­ver­ti­sed as vir­tu­al cryp­to­coin, ba­sed on cryp­to­cur­ren­cies, with a pri­va­te block­chain. Both sys­tems are ba­sed on in­ves­ting in one’s own cryp­to­mo­ney which does not ha­ve any re­al va­lue out­si­de of the One­coin and Swisscoin or­ga­ni­za­ti­ons. In­ves­tors risk not get­ting their in­vest­ment back. The­re al­so is no gu­a­ran­tee that they will ac­tu­al­ly re­cei­ve in­te­rest. The VES is the­re­fo­re ad­vi­sing pe­o­p­le to steer clear of such sche­mes and to be cau­tious with their in­co­me and sa­vings. The­re ha­ve been se­ve­r­al in­ci­dents in the past whe­re Su­ri­na­me­se pe­o­p­le we­re left with no­thing af­ter ha­ving in­ve­sted mo­ney in Pon­zi sche­mes. “If it sounds too good to be true, it pro­ba­bly is.”

Newspapers in Dutch

Newspapers from Suriname

© PressReader. All rights reserved.