Man who ran Ponzi scheme jailed for 80 months

[Musicwhiz]

The swindler promised 10-13% annual returns guaranteed. It's very tough to make that kind of return consistently, and even for me 5-6% per annum is already not too easy. It really makes you wonder if people bothered to stop and ask themselves if this was truly possible....

The article also mentions that a lot of those swindled were uneducated folk or had low education. From my experience, even highly educated professionals have been cheated before due to their greed and avarice, so sometimes education should not be used as an reason for getting cheated, though it does play a role.

Just my 2-cents.