You may have heard about a new investment opportunity presentation in your neighbourhood. Perhaps a good friend or family member has invited you to attend a presentation.
These investments appear lucrative, but often are more hype than substance. Attendees don’t know anything about the company and are desperate to hear that it is legit. The promoter convinces investors that they can be part owners of investment portfolios if they enlisted new recruits, often promising commissions.
In reality, this is most likely a pyramid scheme.