BuzzEthics

Hello everyone ! In recent times we have listened many fraud cases and one of them is Ponzi schemes.   Let’s understand what Ponzi scheme is and how people get into such trap. Ponzi schemes are one of the most famous, and arguably first, scam. In this, Investors are promised high returns and, at first, it appears to be successful and profitable. This attracts new investors. The money from the new investors is then used to pay off the original investors and the cycle continues. The company or investment never makes a real profit. It just redistributes the money and claims it’s profitable. So, as long as there is a stream of new investors, it at least appears as if everything is going well. But, eventually, new investors dry up and the scheme collapses, generally just leaving the person at the top with all the money. A Ponzi scheme is always a scam because it’s built on false returns on your investment. The problem is, it’s very hard to know it’s a Ponzi scheme unti...

Hello everyone ! In recent time, it has emerged that corporations are increasingly using unethical means and not adhering to proper rules of conduct for the industry, and also lacking moral principle and becoming unethical. Let's understand what does ethics mean e thics is a branch of science that deals with what is right and wrong.  Advertisers are expected to show good and honest ads. Only true facts about product  should be shown, and exaggeration and lies must be avoided. But sometimes advertiser crosses the lines in promotion of behavior that are immoral or unethical . Here are some examples how advertisers, marketers and business walk that fine lines of unethical .       Advertising of harmful products One ethical issue in the realm of advertising is the concept of advertising potentially harmful products. The most controversial product in this category is tobacco, particularly cigarettes. Alcohol products and over-the-counter or pre...