Articles tagged with "profit"

This past week has seen the alarming heat waves in Europe, with the UK seeing highest ever temperatures, exceeding 40C.

A UK company, Football Index, has financially collapsed over the last as its users have realised that the entire thing is nothing more than a pack of cards.

In the scheme invested money receives a return of 30% profit after a month. It works as a classic Ponzi scheme, where the incoming money from new members is used to pay members whose investment is withdrawn. These schemes work while they gain in popularity, but stop working as soon as they stop growing. The most famous example of this is the Bernie Madoff fraud, where it's estimated that $65 billion was lost.