close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Scams

Scams

From Ponzi schemes and ‘419’ frauds, to duff Italian suits and ‘bulletproof’ powers, the Middle East is no stranger to the (often bizarre) arts of the conman.

1

February 27, 2010 11:03 by



Carlo Ponzi has a lot to answer for. Back in Boston in the 1920s, the Italian immigrant (pictured) found a fast, ingenious, and highly fraudulent way to make a quick buck. It was the birth of the eponymous ‘Ponzi scheme’.

Such schemes promise to pay investors high returns – but all are destined to fail because any money actually paid out to the early investors comes from subsequent investors.

Over 100,000 Americans are fooled into the schemes every year. The most famous scheme was concocted by Bernard Madoff, who defrauded thousands of people in what has been called the largest scam ever committed by one person. Madoff was eventually sentenced to 150 years in prison for his $50 billion Ponzi scheme.



Pages: 1 2 3 4 5 6

1

Tags: , , , ,

1 Comment

  1. Jayson Vanoosten on May 31, 2011 11:34 pm

    Can You believe how many video clips there are on Youtube? And take a closer look at the traffic. What tech support must they have there! Crazy!

     

Leave a Comment