Archive for October, 2009
The trap we call”Ponzi”
October 26th, 2009
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What is a Ponzi scheme?
A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned.Ponzi scheme usually in order to entice new investors, provide short-term returns that are either abnormally high or unusually consistent. The system is destined to collapse because the earnings, if any, are less than the payments.
