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A Ponzi scheme works by misleading investors into an investment that promises unusually high returns. Then, as new investors enter, their investment is paid as a return to the investors before them. Because the only money comes from the investments of those who join later, someone will end up not getting any money back.
The scheme is designed to make high profits for the promoter, who will usually vanish with the money after a time. However, the scheme may collapse for lack of money or law enforcement may intervene before this happens.
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∙ 14y ago
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Moneys taken by Ponzi scheme is Theft?
It is a theft in a general sense. But it falls under it's own section of law.
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.
Where does toothfairy get the money?
Ponzi scheme. Really, i heard it on Oprah.
