Unless the buyer/investor is told that he is putting money into a pyramid scheme, the solicitor is committing Geneivas Daas and Mekach Ta'us (misrepresentation), which is in this case a Grama (an entrance) into theft. In other words, it is a form of lying by default and stealing by intent.
Caritas - Ponzi scheme - ended in 1994.
Caritas - Ponzi scheme - was created in 1992.
The Ponzi Scheme was created on 1998-03-31.
http://wallstreetreviewer.com/2009/02/05/madoff-client-list-disclosed.aspx
If you were an investor in Madoff's ponzi scheme, you lost money.
The Agape scandal was the fact that they were defrauding people with the Ponzi scheme.
The Ponzi Scheme/ Pyramid Scheme Created by Charles Ponzi
ponzi
You can joke it is like a Ponzi scheme as far as money from one investor is used to "pay" another and so on....
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.
It is never ok to take part in a ponzi scheme. It is not honest or legal.
The only word I could think of that rhymes with "fonzie" is ponzi (like in a ponzi scheme).