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10questions

Scams quiz: 10 questions with answers

Question 1 of 10Correct: 0

Why is it hard for someone who's been deceived to admit it?

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Why Scam Victims Don't Believe They've Been Scammed0/2Why Smart People Fall for Scams0/2Why Do "Bank" Calls Come in at Night0/2Why Pyramid Schemes Pay Early Investorsin the app0/2How a Ponzi scheme worksin the app0/2

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Answers and explanations10 questions
  1. Why is it hard for someone who's been deceived to admit it? Admitting it devalues all her past decisions at onceEspecially if she has already defended the decision to loved ones - then she stands to lose more than money.From “Why Scam Victims Don't Believe They've Been Scammed”
  2. Which question helps you get out? Would I invest this today, knowing everything I know?The first question keeps you in the scheme because what you've spent feels recoverable.From “Why Scam Victims Don't Believe They've Been Scammed”
  3. Why can an urgent call throw you off? It creates anxiety and leaves no pauseUrgency compresses time, and without a pause it's hard to check the story or ask for advice.From “Why Smart People Fall for Scams”
  4. What should you do if you're rushed and told not to tell anyone? Say "I'll call back myself" and talk to someoneUrgency combined with secrecy is a signal to postpone the decision and check the scheme from the outside.From “Why Smart People Fall for Scams”
  5. Why are these calls more often made in the evening? You're tired and alone, and it's harder to check what you've been toldBranches are closed, there's no one to consult, and the lack of a quick way to check is presented as a reason to hurry.From “Why Do "Bank" Calls Come in at Night”
  6. Which action most reliably breaks the script? Hang up and call the number on your cardThis removes the urgency, the fake number, and the lack of verification all at once; call back manually, not with the callback button.From “Why Do "Bank" Calls Come in at Night”
  7. Where do a pyramid's first investors get their payouts from? Contributions from new participantsThe payouts work as advertising: a happy participant convinces friends better than any ad.From “Why Pyramid Schemes Pay Early Investors”
  8. Why is collapse inevitable? Inflow must grow faster and runs into the population limitEven starting with 100 people, after 10 doublings you need hundreds of thousands, and then millions.From “Why Pyramid Schemes Pay Early Investors”
  9. Where do payouts to pyramid scheme participants come from? Contributions from people who joined laterA pyramid scheme creates no revenue: early participants are paid with new participants' money.From “How a Ponzi scheme works”
  10. What happens if recruitment of new people stops? There will not be enough money for the next payoutsWithout new contributions, a pyramid scheme has no source for payouts, so delays quickly turn into a stop.From “How a Ponzi scheme works”