#1224 What is a Ponzi scheme?
What is a Ponzi scheme? It is a type of fraud where you use money invested by new people to pay profits to the people who are already invested. It was named after Charles Ponzi who certainly didn’t invent the scheme but who made it famous. (Incidentally, Ponzi scheme, scam, and con are all relatively […]
#1224 What is a Ponzi scheme? Read More »