Ask Terry Questions HELP! Fraud?

HELP! Fraud?

By Terry Savage on January 27, 2023 | Wild Card

My friends went to a lunch sponsored by a financial person. He stated for any money initially invested he/his company will add 32% on to their investment. He mentioned 18 months, 7 years and 10 years – without withdrawals (My friend wasn’t clear on details) Can this be legit? Sounds like a ponzi scam.
Thank you

Terry Says

THERE IS NO FREE LUNCH! As you describe it, it’s an outright red flag. Avoid at all costs!

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