A Ponzi scheme is a fraudulent plan in which deposits from investors new to the scheme are returned to earlier investors, to mask the fact that their
Created: Sep 06, 2000 11:00 AM
Ponzi schemes usually offer extraordinarily high rates of interest to lure victims.This form of pyramid scheme is named after Charles Ponzi who defrauded people in the 1920s using the method. Who will make money from such a scheme?
Ponzi schemes usually offer extraordinarily high rates of interest to lure victims.
This form of pyramid scheme is named after Charles Ponzi who defrauded people in the 1920s using the method. Who will make money from such a scheme? Those who start it and those who get in early. Does anyone really make money from these schemes. They must, or they would have died off long ago.
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