Pyramid scam, Amman no futures

My sense is that everyone, except maybe the smallest investors, knew there was something irregular or illegal in this venture, and that it was bound to fail. But they didn’t seem to mind making a quick profit while the money lasted, probably thinking they would be able to get out before the collapse. They seemed confident that their inside connections would protect them. That’s the way a premodern society works.

Amman Futures Pyramid Scam

Bring at last 2 newspaper clippings on 29th, 30th November. Subject matter is about the recent Amman Futures Pyramid scam. In a group of 5, discuss the article and submit a paper on why people get duped with this kind of proposal. One page only on bulletized format. All in word-processing format. Short bond paper. Write your group members, you section and schedule. Clippings will be submitted. State the date of your clippings and source.

Pyramid scam

A company managed by a former janitor and driver, and founded just early this year, has duped at least 15,000 people in Mindanao and the Visayas of P12 billion in a pyramid scam, an official of the National Bureau of Investigation said Tuesday. Read the article and we will schedule discussing this. Read on "group-think", following the crowd, critical thinking, http://globalnation.inquirer.net/56132/thousands-gypped-in-p12-billion-scam