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How not to fall for Ponzi scams

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Cape Town - There are no shortcuts to getting rich quick and anyone who says otherwise is almost certainly out to cheat you, according to Marius Alberts, regional leader of Deloitte Western Cape.

“Pyramid and Ponzi schemes do not create true wealth. Don’t be the next victim,” he said.

Alberts’ warning follows recent reports of a Cape Town couple facing possible charges over an alleged Ponzi scheme that left investors in the lurch.

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