Searched for a thread similar to this but couldn’t find one, SO
I have a friend - not a close friend, but also someone I like enough to be emotionally invested in their not being robbed blind - who has been financially battered by the pandemic. Fell through the cracks of all the various support schemes and as a result is in debt to the tune of about a year’s earnings.
Out of desperation they have gotten involved in something which is unequivocally a pyramid scheme and quite possibly a Ponzi scheme dressed up as a way to make money on the Forex markets. Obviously I told them immediately that something was up, as did a mutual friend who’s worked in finance - with the attendant qualifications - for over a decade, and all we’re getting are replies which (I think) have been supplied by the company themselves.
They claim they phoned the FCC to verify this company’s legitimacy which I straight up do not believe for a second. It all sounds like copy-paste “Why This Isn’t A Scam” talking points to me.
Has anyone been in this situation and successfully talked someone out of a potentially ruinous mistake? Have you been involved yourself? Am I being completely unreasonable and should I just let this person make their own mistakes? Interested to hear what DiS has to say on this topic.