You all should know by now about the recent news about Ponzi schemes and other high-yield investment programs on the Web that promise incredible returns by just forking over your money. Most thinking people should know by now that investing in such schemes is just plain greedy. So I’m just shocked, really shocked, to read several of the reader comments on this blog post, which discusses these online scams. Update: Here is another blog post with illogical reader comments.

I have no respect for people accusing the SEC, NBI, and BSP of greed for shutting down these scams, or for saying that the whistle-blowers and media are the ones who are the criminals for bringing negative publicity against these schemes. Some are even arguing that it’s their money that they’re investing and that we have no business in how they’re investing it, and that they are not recruiting downlines so they’re not hurting other people. True, we have no business telling them what to do with their money, but it’s not their business too if the public and media expose clearly illegal operations that defraud people of money.

It’s a scam, plain and simple. And if you’re investing in them despite knowing the real risks, then you’re a greedy bastard! And don’t you dare accuse us of crab mentality when we attack these programs. If you do, it just goes to show that you don’t deserve the money you “earn,” the pity if you’re a victim, or the respect befitting a real investor or entrepreneur.