Fool's Gold | How modern scammers steal millions from unsuspecting victims - RT Documentary

How do microfinance organizations drive people into debt? Creditors take advantage of the financial illiteracy and gullibility of people. They promise them that borrowed funds will solve all problems. The method works all over the world, and Russia isn’t an exception. Money is given on the security of business, land and housing. But the interest on the loans often turns out to be unaffordable and the borrowers lose everything. The court in this case is on the side of the microfinance companies, because the contracts are signed by the client. You can find out more about these devious schemes in our new documentary, ‘Fool’s Gold’. #premiere #humanstories