What is a Ponzi scheme? |
| Published: December 31, 1969, 7:00 pm |
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What is a Ponzi scheme? For those of you who don't know what a Ponzi scheme is, it is essentially a very large organized fraudulent investment scheme in which early investors do get some huge returns - paid for by subsequent investors. In essence a person says they have an investment opportunity and they get some people to buy in, promising great returns. They get some more people to buy [ Full article ] |
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