financial literacy

“I am a religious person, and I thought that people would be honest and I wanted to invest some money in the campaign,” a Kazakhstani man who invested his money in the Ponzi scheme, Mudarabah Capital, explained his behaviour. The scheme has duped 200 persons. Why did they rise to the ‘religious’ bait so easily?

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Money handling requires knowledge and skills. Especially in such countries as the republics of Central Asia, where, according to various estimates, almost one third of population live below the poverty line.
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