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What else can I help you with?
What were some get rich quick schemes of the 1920's?
The Ponzi Scheme/ Pyramid Scheme Created by Charles Ponzi
Where in the world are ponzi schemes legal?
Hopefully nowhere. Fraud, when detected, is always punished.
Which is a recommendation of the my pyramid plan?
Pyramid selling plans or ponzi schemes are illegal and fraudulent.
What types of laws will protect people from future Ponzi schemes?
Stringent laws should be enacted all over the world against mushrooming of companies raising funds under ponzi schemes , luring common people to deposit their hard-earned money at lucrative rate of interests and then disappearing from the market all on a sudden,thus making them beggars over night.
Why do they make ponzi schemes illegal?
Because thse ponzi scheme operators receive Funds from A, give it to B, against getting fund from B, they extend the same to C and the process goes on. Once there is any bottleneck or dearth of funds from the investors, the whole system falls like card house. The Operators then have no option left than to close down their shutters, ruining the poor small investors the maximum. From this point of view, ponzi schemes are declared illegal all over the world.
What is the verdict on ponzi scheme case?
No Court of Law can give verdict in favor of ponzi schemes, rather they should be forced upon to wind up their businesses and/or now allowed to thrive upon their illegal business ruining the common people to pay their price for lust and greed ,lured by astronomical rate of return offered by so called ponzi scheme operators.
What has the author Richard M Starfield written?
Richard M. Starfield has written: 'Wool over my eyes' -- subject(s): Swindlers and swindling, Ponzi schemes, Capitalists and financiers, Biography
What is the birth name of Tom Ponzi?
Tom Ponzi's birth name is Tommaso Ponzi.
What are some examples of illegal pyramid schemes?
Illegal pyramid schemes often involve promises of high returns for recruiting others to join the scheme, rather than selling a legitimate product or service. Examples include Ponzi schemes, where new investors' money is used to pay returns to earlier investors, and multi-level marketing schemes that focus primarily on recruitment rather than product sales.
What is a fraudulent business scheme?
A fraudulent business scheme involves deceptive practices designed to mislead individuals or entities for financial gain. These schemes can take many forms, such as Ponzi schemes, pyramid schemes, or false advertising, and often exploit trust or lack of knowledge. The goal is typically to defraud investors or consumers, resulting in significant financial losses for victims. Legal consequences can be severe for those involved in executing such schemes.
What is the birth name of Christine Ponzi?
Christine Ponzi's birth name is Christine Marie Ponzi.
Can you explain how Ponzi schemes work in detail?
A Ponzi scheme is a type of investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from actual profits. The scheme collapses when there are not enough new investors to pay returns to earlier ones, leading to financial losses for many participants.
