Do Gifting Circles And Money Schemes Make Any Money?
Albania is Europe’s poorest country, with unemployment running at over 40% and the average monthly wage barely topping 50. Just 30% of the population live in urban areas, with the vast majority of Albanians pursuing a rural existence last seen in the UK about the time of the Middle Ages. In 1996, Albania was gripped by a modern day gold rush as investment schemes sprung up promising people big returns on any money invested. Similar schemes were and are to be found in other former Communist countries in Eastern Europe, where corruption, economic naivet and government indifference have proved fertile soil for many a financial scam. It was estimated that half a million Albanians out of a population of 3.2 million invested in at least one of the dozen or so schemes that operated in various parts of the country. Those who invested were promised returns of up to 50% on their money every month – and for a time the schemes were able to deliver just that. Some people even sold their houses to i
