...One fund company, with offices in Dubai Media City, promises a return of 110 per cent on an investment of as little as US$20,000, less than Dh75,000.
...
“Airline cabin crew and teachers are attracted because they can double their salaries by opening two or three accounts. It is built on greed,” said one Lebanese investor who withdrew his money from the fund when he realised it was a scam.
“$20,000 for an investment fund like this is particularly low, that is the attraction. Usually the minimum deposit is nearer $100,000, and pays just 7 per cent a year.
“Offering 110 per cent a year is phenomenal. It is too good to be true, so I got out quickly.”
...
Alina, a former cabin crew member ... withdrew her investment after reading warnings about the company on an online chat forum for airline staff, but she said many of her colleagues had risked their life savings.
Pretty clearly this is the same crowd we've been discussing.
Any doubters still want to argue it's not a Ponzi scheme?