2008 The year of the Ponzi Schemes

Jan 5, 2009 by Sam

Many of the major financial meltdowns are no differnet then the 50 billion scheme towards the end of the year. – Early investors make money late ones get burned. Of course the lawyers always make money. But Ponzi schemes continue on a regular basis for everyday people. We call it something else but it’s the same concept. So Ooma phone service, rebates and any other company that charges low prices to build market share-are no different. Basically the early consumers get good deals and the later ones end up holding the bag.