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forex scam pyramid scheme

A forex scam is a type of pyramid scheme where people are persuaded to invest in a foreign currency with the promise of high returns. The problem is that these schemes are often operated by unscrupulous individuals who will take the money and disappear, leaving the investors with nothing. In some cases, the so-called “investors” may actually be part of the scam, recruited to entice others into giving money to the organizers. Forex scams are unfortunately becoming more common, so it’s important to be aware of them if you’re thinking about investing in foreign currency.