Ponzi Scam is illegal but all Financial Institutions run with the same Model
The recent media reports stated that the Ponzi scam hit the 12 districts, the majority of which are the eastern Dzongkhags. The online internet scam has swindled 539 people of their hard earned Nu. 7.1 million. The scam was able to find victims even in the farmers who hardly understood the mechanism of internet. Scam was able to victimized huge numbers of people in the world, banking on unlimited human desire. The Ponzi scam was first started as Ponzi scheme by an Italian-American Carlo ‘Charlie’ Ponzi in 1920s. During that time, the world postal offices used to issue the International Reply Coupon that could be exchanged for postal stamps throughout the postal members of the world. Ponzi who didn’t really have clean criminal record had an idea that could change the business of the world forever. He probably thought, ‘what if I buy the coupon at the lower prices from one country and sell it at higher prices in some other countries?’ Ponzi bought little over US$ 100 worth of t