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It's illegal
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∙ 15y ago
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Is Zeek rewards a good investment?
NO!! dont do it.. its a part of a 600 million dollar Ponzi scheme.
How would one describe an enterprise investment scheme?
An Enterprise Investment Scheme is when there are a bunch of tax reliefs that encourage investments in small companies carrying on a qualifying for trade in the UK. The purpose is to offer compensation for the risk of not being listed on a stock exchange.
Is a reverse pension scheme a fraud?
Yes- its just a type of high yield investment program.
What is the meaning of the term HYIP?
HYIP stands for a high yield investment program. It is a type of Ponzi scheme, which is an investment scam that promises a high return that is not sustainable.
How do you use the word scheme in a sentence?
That scheme is really great. Do not invest in fraud Schemes.
What was Madoff's ponzi scheme?
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.
Bernard madoff responsible for?
Bernie Madoff is responsible for creating and running a large Ponzi investment scheme.
Does homeowner's insurance cover ponzi scheme?
No, Homeowners Insurance is Property Coverage, not financial or Investment Insurance.
Bernard l madoff is responsible for what?
Bernie Madoff is responsible for creating and running a large Ponzi investment scheme.
Isn't Bernard Madoff a vampire?
Bernie Madoff is responsible for creating and running a large Ponzi investment scheme.
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.
Where did ponsy scheme originate?
Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors. This originated in 1920's US with Charles Ponzi.
