Personal Finance
My Mum Lost Her Savings in a Ponzi Scheme: Here’s Her Story
By Seedly  •  July 12, 2021
“If something sounds too good to be true, it probably is.” – Modern proverbial saying We’re fortunate to be living in a digital age where we could gain financial knowledge at the tip of our fingers. However, this increased accessibility to information also meant more opportunities for financial scams. We’ve heard many stories of such scams and how it is still prevalent today. As such, we hope to raise awareness on such issues to prevent our readers from falling for such schemes. Through this, we also hope that readers could also keep a lookout for their loved ones, especially those senior relatives who might be more susceptible to these situations. Note: This is a true account from one of our Seedly members. All information is from the point of view of the member. How It Happened As my mum is heading towards retirement age, she was thinking of deploying her retirement funds to different areas to earn additional interest....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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