**Why Ponzi Schemes Thrive**

Ponzi schemes continue to thrive globally, exploiting vulnerabilities in society and systemic failures. One key reason is the lack of **government intelligence sharing**, allowing fraudsters to operate across borders unchecked. Regulatory bodies often act too late, enabling scams to grow before collapse.

**Economic hardship**—joblessness and poverty—also fuels these schemes. Desperate individuals, seeking quick financial relief, fall prey to promises of high returns. In struggling economies, Ponzi schemes market themselves as "investment opportunities," luring those with limited options.

Another factor is *financial illiteracy*. Many victims lack basic knowledge of legitimate investments, making them easy targets. Fraudsters exploit this gap, using complex jargon to appear credible.

However, **greed** remains the biggest driver. Even financially savvy individuals get trapped by the allure of unrealistic profits. Ponzi schemes thrive on human psychology—people ignore red flags when blinded by the promise of wealth.

*nonchalant attitude* towards scams also plays a role. Some victims, even after realizing the truth, stay invested, hoping to withdraw before collapse. Others recruit new members to recover losses, perpetuating the cycle. For instance CBECX_ 14/4/25 -Nigeria

Until governments strengthen regulations, improve intelligence sharing, and promote financial education, Ponzi schemes will keep flourishing—preying on desperation, ignorance, and greed.

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