Get rich quick schemes – the making of a scam

get rich quick scheme or scam

Online fraud dupes 7 lakh people of Rs 3,700 crores

This was a top news headline last week. 3 people spread a net to dupe 6.5 lakh people of Rs. 3,700 crores.

I am wondering how ‘easy’ or how ‘difficult’ it was to accomplish this. I think it was easy.

All they has to do was package it as the “get rich quick scheme” with a twist.

  • Buy a predefined package from the company.
  • Receive a steady stream of pages that you press like and links to click on.
  • Every action earns you money.

It wasn’t difficult to make it believable too.

The likely pitch must have been – thousands of companies want to enhance their social presence by increasing the number of users that like their page. [You see those sponsored pages advt. on Facebook.] These companies spend a lot of money to see their social worth going up.

This is an opportunity for each individual to make money in the process, including you. All you have to do is click on a link or like the page.

Easy!

The mathematics of the get rich quick scheme

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