Beware of get-rich quick scam (From Warrington Guardian)

Beware of get-rich quick scam

WARRINGTON Trading Standards is warning against a new get-rich-quick scheme.

Known as Deaf Hearts, although it's name could change, it works like a chain letter with individuals giving thousands of pounds to a member of a network, usually a trusted friend or family member.

In return, each participant expects to receive multiples of that amount, up to £24,000, as they progress through the network hierarchy.

Its success is dependant upon people continually joining the scheme.

Although Trading Standards has no information that this scheme is operating in or around Warrington as yet - the potential for serious harm and the speed with which the scheme works has led to them issuing a clear warning.

Clr Pat Wright, executive member for community services, said: "If you get involved in these schemes you will either make money on the back of others' misfortune or, more likely, you will be one of the many who loses out and suffers the financial and emotional problems that will inevitably result. These schemes have a nasty sting in the tail and they prey on the vulnerable."

Beware of get-rich quick scam