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275 - Megasode - The Greatest Hits

Maven Money Personal Finance Podcast

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What Is a Passive Scam?

The mark or victim has entered the transaction thinking that they will benefit financially. They're frequently offered a enticing return, 30%, 50%, 100% of your money,. Unrealistic annual returns always seems too good to be true financially. The passive scam is when you haven't been directly involved in any way. For all intents and purposes, it's been outside of your control. Are greed scams on the increase? Will they get worse? It's not going anywhere soon.

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