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What is a Ponzi scheme?
A "Ponzi scheme" is a way to trick investors. The broker (money maker) promises unusually high returns (10-50%) by investing their money in some amazing scheme: a money exchange, stock market trades,...
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Is the ponzi scheme named after Charles ponzi or carl ponzi?
Charles Ponzi. He invented the pyramidal system in the 20ies in Boston.
The concept is to pay the interests to the first investors with the money the new gives you. It actually works until there are...
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Can Christianity be considered a ponzi scheme?
Not by anyone with any sense, no. Even if you don't believe or agree with the premise, it's clearly not a Ponzi scheme. Some flavors of the "prosperity gospel" might sort of graze the edges of being...
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Can a Ponzi scheme work?
No. They all collapse of their own weight.
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Is topfinancial a ponzi scheme?
It is fraudulent from start to finish. They are offering - on a ten dollar investment! - a rate of return that is unheard of, and impossible. 1.1% compounded daily - yes, daily! - is the equivalent...