There is a story on the BBC website that tells of a group of Colombians rioting when they tried to hunt down a group of pyramid marketers who basically took their money and then did a runner.

These guys were promising rates of return of up to 150% in the short term, numbers that surely have to fall into the category of “Too Good To Be True”, but not for a large number of Colombians.

Those involved in the scam are now in custody, after Colombian police amazingly turned down the offer of a suitcase full of cash to release them before the angry mob ripped them to shreds.

So, people grabbing the promise of something they know is too good to be true, sound familiar? It’s the exact same as people taking out loans of thousands of dollars when they knew they had no chance of paying them off or even making payments.

The Colombians now think they should get a refund of their money from the government, just the same as those with “No Income, No Assets” loans.

One voice of sense is Colombian Vice President Francisco Santos who said “Nothing is free in this world and that is not going to change.”