The media is flooded at the moment with stories of a "Ponzi" scheme where the well off individuals lost their money in what we all know as a Pyramid Scheme (funny how when its rich people it gets a fancy name when all it is is a Pyramid Scheme!). When I was growing up they used to call it Ibanoyi (an Aeroplane) and when it fell as people knew it would, they used to say "liphahlazekile ibhanoyi!!", the aeroplane has crashed.
You may wonder why I bring this up. Basically all the people who have come forward about their investment in the scheme have all said it seemed above board, they knew the person etc, etc. For me though there are 2 issues I want to highlight or comment on.
Firstly, that old saying that if its too good to be true, it is too good to be true is true! Especially when it comes to money. Get rich quick schemes are exactly that and the further down the line you are in the scheme, the more likely you are to lose your money. The lucky ones are the one's who get in quickly and get out quickly as well. Look at property. People who are smiling are those who bought properties at the beginning of the cycle when they were relatively cheap and interest rates were low and then sold soon after prices started that crazy run rising by percentages not seen in years. The late comers are now stuck with high repayments, falling prices and no-one willing to buy.