Imagine Pools and Spas is committed to building top-notch swimming pools for its customers. However, it is important to be aware of the risks associated with hiring an unscrupulous pool contractor. The cautionary tale of the Swimming Pool Contractor’s Ponzi Scheme serves as a stark reminder of the potential dangers.
In this scheme, a fraudulent pool contractor would attract customers by offering low prices for pool building, only to use the money collected from new customers to pay off older customers. The company would then use aggressive tactics to recruit even more customers, ultimately running out of funds and leaving all customers without the construction of their swimming pools completed.