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It's a fraudulent investment scheme that works on a "pyramid concept" where the initial investers are paid abnormally high returns on their investment from money received from subsequent investors. With those returns providing "legitimacy" to the investment - the "schemer" can use that documented information to bait people with bigger bucks into the scheme. Because there is not an acutal investment in a company or other entity to generate money - the scheme will cave leaving those investors S.O.L. and the "schemer" who with any luck (on his part) has probably already left the country and has a numbered bank account in the Caymans! Watch the national news. There's a big one under investigation right now.
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∙ 15y ago
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How does the ponzi scheme relate to Agape scandal?
The Agape scandal was the fact that they were defrauding people with the Ponzi scheme.
What is e cash scheme?
ponzi
What is the definition of a ponzi scheme?
The definition of a ponzi scheme is that 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 profits earned by the individual or organization running the operation.
Can a Ponzi scheme work?
No. They all collapse of their own weight.
How much money did bernie madoff profit from the ponzi scheme?
$65-billion
When did Caritas - Ponzi scheme - end?
Caritas - Ponzi scheme - ended in 1994.
When was Caritas - Ponzi scheme - created?
Caritas - Ponzi scheme - was created in 1992.
When was The Ponzi Scheme created?
The Ponzi Scheme was created on 1998-03-31.
Which investors lost money in Madoff ponzi scheme?
If you were an investor in Madoff's ponzi scheme, you lost money.
How does the ponzi scheme relate to Agape scandal?
The Agape scandal was the fact that they were defrauding people with the Ponzi scheme.
What were some get rich quick schemes of the 1920's?
The Ponzi Scheme/ Pyramid Scheme Created by Charles Ponzi
What is e cash scheme?
ponzi
How is Social Security a Ponzi scheme?
You can joke it is like a Ponzi scheme as far as money from one investor is used to "pay" another and so on....
What is the definition of a ponzi scheme?
The definition of a ponzi scheme is that 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 profits earned by the individual or organization running the operation.
Is it okay for leaders of a baptist church in layton utah to take part in a ponzi scheme?
It is never ok to take part in a ponzi scheme. It is not honest or legal.
What rhymes with fonzie?
The only word I could think of that rhymes with "fonzie" is ponzi (like in a ponzi scheme).
Where does toothfairy get the money?
Ponzi scheme. Really, i heard it on Oprah.
