In part. Institutionalized theft on a mass scale was quite the factor, too.
"Ponzi scams are scams that promise to return investors with some kind of profit but does not. High yield investments are not always a Ponzi scam, but one should watch out for warning signs."
I've found no reports of that.
It was where a man named Ponzi told people he could give them great returns on their investments. But all he did was pay them from the next wave of investors. And he paid those with a third wave. And so on.
Charles Ponzi. He invented the pyramidal system in the 20ies in Boston. The concept is to pay the interests to the first investors with the money the new gives you. It actually works until there are not enough new investors to pay the interests. Ponzi promised a 50 % interest for a 3 months investment.
The Agape scandal was the fact that they were defrauding people with the Ponzi scheme.
"Ponzi scams are scams that promise to return investors with some kind of profit but does not. High yield investments are not always a Ponzi scam, but one should watch out for warning signs."
I've found no reports of that.
I heard its a ponzi scam beware of it.
It was where a man named Ponzi told people he could give them great returns on their investments. But all he did was pay them from the next wave of investors. And he paid those with a third wave. And so on.
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.
Tom Ponzi's birth name is Tommaso Ponzi.
Christine Ponzi's birth name is Christine Marie Ponzi.
Christine Ponzi is 5' 2".
The population of Enron is 22,000.
Enron ended in 2001.
An HYIP, or high yield investment program, is a type of what is called a Ponzi scheme, and most of the time it is a scam. They are not to be trusted under any circumstances.
Charles Ponzi was born on March 3, 1882.