Question

Your friend offers you an opportunity to make a great deal of money very quickly. He has arranged to set up an off-shore account for your profits. He will not tell you exactly how he is making this money, but you get the impression it is not exactly legal. He only wants an investment of $500 and promises you will have enough from your minimal investment that you will never need to work again. What do you do?

300 words max

Answer 1

Step-by-step explanation:

From the impression of your friend, we can easily acknowledge that it is not something legal, which means your friend's actions basically is illegal. However, first off, if you agree to invest 500 dollars for him, you should not accept; instead, decline. Why? It is so obvious! You don't even know what he's actually going to do! We must remember consequences will always come back to us. Since it's illegal, you may be punished in the future. So to conclude, we should decline his offer.

Answer 2

Answer: Demand to know the details before getting involved

explanation: Offshore accounts are not illegal - at least by most countries' laws. However, you have to be careful with what you invest your money in. Investments with high returns are usually too good to be true because these are usually Ponzi schemes or some other scam. It never hurts to ask a few questions before giving your money.