What is a Ponzi scam? Why is it called Ponzi?

Ever wondered why some scam programs are named “Ponzi?” The term “Ponzi” is derived from Charles Ponzi (pic on right), an Italian immigrant, who ran his original scams in Montreal before moving to Boston, where he initially worked as a clerk.

Beware of the fake e-Gold website!

Pinoy Money Talk (PMT) chanced upon a site that takes the look of the original e-Gold site in an attempt to deceive users, with the intention of hacking accounts and stealing personal information. The fake site can be found at www.e-qold.com, as opposed to the original www.e-gold.com site. Notice that the fake site cunningly used …

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