We continue our series about the notable Forex scams with an article about an enterprise called Botfly LLC, which operated from 2005 through 2010.
In a calm state of mind, a close look at the promotional materials of any scammer will quickly reveal to any layman that the offer is too good to be true. However, scammers never find a shortage of investors to prey with their Forex Ponzi schemes. The reason is that the Ponzi schemes are usually structured in such a way that it kindles the greed of investors. Furthermore, the scammers always have a knack of keeping the investors in an excited mood through their exceptional sales pitch and forcing them to make decisions without a second thought.
The Ponzi scheme offered by Florida resident David R. Lewalski through Botfly LLC was one such classic example of luring greedy investors who had no firsthand knowledge of the Forex markets.