WHILE most people would jump at the opportunity to put money into a surefire investment that promises above-market returns, events over the last few days suggest the use of caution if anyone tries to sell you on such a deal. You could become the victim of a Ponzi scheme, a type of ruse that for almost 100

has ripped off investors of tens of billions of dollars.

And just 15 years after a slew of such schemes emerged in the island, bilking thousands out of US$1 billion to US$2 billion (depending on the estimate used), another has emerged, Warner Jamaica Media, scamming some 50,000 Jamaicans out of millions. The Financial Services Commission (FSC) has already said it will be investigating the entity and will enlist international partners to help. But what can you do to avoid falling victim to these “get-rich-quick” schemes.