What is a Ponzi Scheme?
Mar03

What is a Ponzi Scheme?

What is a Ponzi scheme? A Ponzi scheme is a type of fraud. Investors are encouraged to hand over their money being told they will get fabulous returns. The problem is, that there is actually no company making money to back up the claims. Charles Ponzi This scheme is named after Italian Charles Ponzi and a business venture he started in America round about 1920. As you can see from his photograph on the left,  he ended up in jail....

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