Theres also non ponzi scheme that is more creative. For example, one can buy an 18hole size land near singapore but on johore side. One can then lease membership license to the singaporeans at sing dollar 20k for 20 yrs. So the trick is to structure the scam through its management company that leases the land from the landowner.
If 5000 investors leases the license via financing with the banks, the scammer makes sing dollar 100mil! Its not really a scam but that is about rgt300mil for an 18hole golf course! It cost only rgt1mil per hole on the average.😀
Theres also non ponzi scheme that is more creative. For example, one can buy an 18hole size land near singapore but on johore side. One can then lease membership license to the singaporeans at sing dollar 20k for 20 yrs. So the trick is to structure the scam through its management company that leases the land from the landowner.
If 5000 investors leases the license via financing with the banks, the scammer makes sing dollar 100mil! Its not really a scam but that is about rgt300mil for an 18hole golf course! It cost only rgt1mil per hole on the average.😀