Sarah SullivanFounder and CEO of SuGo Capital

Thoughts on Due Diligence!

Name: Thoughts on Due Diligence!
Uploaded: 2023-10-05T21:39:32+00:00
Duration: 2 min 11 s
Channel: Sarah Sullivan
Description: Sarah Sullivan (YouTube) warns viewers about Ponzi schemes and scams and urges improved due diligence. She cites specific discovery statistics: 2019 saw…

5 Oct 2023 · 2 min

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2:11

Sarah Sullivan (YouTube) warns viewers about Ponzi schemes and scams and urges improved due diligence. She cites specific discovery statistics: 2019 saw 60 Ponzi schemes ($3 billion lost), 2021 saw 45 schemes ($5.3 billion lost), and 2022 saw 57 schemes ("almost one every six days"). She notes about 25% of these involved crypto. Sullivan invites viewers to an event at the end of the month to learn two simple additional due-diligence steps tied to a common red flag that appears across many schemes.

Questions this video answers

60 Ponzi schemes discovered in 2019, representing $3 billion in investor funds lost.

45 Ponzi schemes discovered in 2021, representing $5.3 billion in investor funds lost.

57 Ponzi schemes and scams discovered in 2022 (described as "almost one every six days").

About 25% involved the crypto space.

Chapters

And I have already heard five horror stories from investors on being part of a Ponzi scheme or part of a scam. And there are two simple things you can do to make sure that you are not a part of a scam or a Ponzi scheme. Okay? And it's so important to me. We're going to have an event at the end of this month, and we're going to go into the steps you can take to do great due diligence. And in addition to the normal due diligence you probably already do, what are two things you can add to that to make sure you're not part of a Ponzi scheme or part of a scam? Okay? So you might think, well, how many are there out there? Let me tell you, okay? In 2019, there were 60 Ponzi schemes discovered representing $3 billion in investor funds lost. In 202145 Ponzi schemes were discovered representing $5.3 billion in investor funds lost. My goodness. 2022, 57 Ponzi schemes and scams discovered. That is almost one every six days. That's a lot. Okay, so how can you avoid those? Click the link in the. In the comments. We have an event coming up. We're going to talk to you about due diligence and especially due diligence to not get into one of these types of deals. Okay? 25% of these scams and Ponzi schemes were around the crypto space. Some of them you probably heard of, some of them you haven't. But we're going to talk about how do you go into those spaces which are very lucrative, but not be part of the scams, not be part of the Ponzi schemes? Okay? Because there's one thing in common with all of those that you've heard in the news. There's one thing in common. So the two steps I'm going to tell you how to take are, are based on that one thing they have in common. And how can you find when that one thing is happening with these two steps? Okay, Click on the link. We'll see at the event. It's worth an hour of your time to not be part of the billions of investor funds lost in the Ponzi scheme and still allow you to take part in the really lucrative, really great, strong fund operators that are out there.