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Cases of different investment scams

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Question: Did you hear about cases of different investment scams (i.e. pyramiding), those who are inviting individuals to invest in a certain amount and offering more than 100% profits or returns for the investment?

Suppose you have savings of ?7,000 now for your future college education. Then an acquaintance invited you to join their networking with a promise that your money will become ?15,000 in just a couple of months.

Will you consider the risk of investing your money in that networking proposal? Support your answer.

Reference no: EM133123543

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