Subscribe for 50% off
Subscribe

Are You About to Be the Victim of a Ponzi Scheme?

Watch for these warning signs of a Ponzi scheme in progress.

By
Opinions expressed by Entrepreneur contributors are their own.

A century ago, in October 1920, Charles Ponzi was indicted by a federal grand jury for mail . The indictment ended a massive fraud that Ponzi perpetrated upon countless victims, one so infamous that similar frauds perpetrated ever since have come to bear his name: Ponzi Schemes. This anniversary should be a timely reminder for investors planning for their retirement to review their financial statements and retirement goals and critically take stock of the due diligence they conduct when evaluating a new opportunity.

Bloomberg | Getty Images

The important thing to remember about investing retirement funds is, you do not get a second chance. If an investment goes sour when in your 40s, you have time to recover. When looking at an investment you hope to retire comfortably by, caution is the best strategy.

Cyber Monday Subscription Sale - Unlock this subscriber exclusive article and more for 50% off.

Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.
Get 50% off an annual subscription today. Just use code SAVE50 at checkout.

Entrepreneur Editors' Picks