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In simple terms, the answer would be greed. If the average return offered in the markets is say 5% and a Ponzi scheme offers 10%, the double return can seem too attractive to turn away from. In reality, if it seems to good to be true, it probably is. Sadly, quite a lot of older people get taken in by such schemes because they need to find extra income in retirement to maintain their standards of living when inflation eats away at their life savings.
What else can I help you with?
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 was the ponzi scam?
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.
Mi Madres es Culpable?
"Mi madre es culpable" as in "My mother is guilty"? Culpable is an adjective that does not change according to gender, so it's culpable whether you're talking about a male or female. It does change with number, however. So to say "My brothers are guilty" you would say "Mis hermanos son culpables". 2010-09-20: However, culpable is usually used as referring to the phrase "to blame". So, mi madre es culpable is probably: "My mother is to blame".
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 are some examples of situations in which business ethics play a role in the financial management process?
ponzi schemes enron pyramid schemes have no ethics so if you get in on the ground floor you can make big $$ if you are skilled you can hide the $$ and get it back after 7 years politics has the same rewards no ethics and no fear of jail time unless of course you dont pay back the front money Richard Nixon henry ford had ethics but he died and corporations took over
Why do business houses offer discounts and different schemes on their products?
So that people will buy their products and they will offer discounts so that people can afford it and many will buy their product because it is affordable.
Can people make fake smiles seem genuine?
Yes, very much so. Con-artists use a genuine smile and sincerity to lure people into their schemes and/or scams.
What are the advantages of advertising your business?
It makes people aware of your product and its quality and also the schemes you are giving with your products, so over all it helps in increasing sale
Why are both public and private schemes important for the industry?
public schemes are funded by the tax payer's money so they benefit the public whereas private creates business for company's.
Is achieving the American Dream more difficult today's young people than for previous genrations?
Yes, The Amrician Dream is much harder now. Due to a tragic economy, lower income, and ponzi schemes this generation has it 10x harder than 10 tears ago-and ten years from then-but even the seniors of this generation has a hard time retiring because of the economy, making hard to get their pensions. Also, since the stock in going down, so are the seniors 401ks. Anthor reason, is so many people get layed off in fact, Amricia has the highest lay off percentage in the world. In summary, it all leads back to a tragic economy.
Why are both public and private schemes important for the construction industry?
public schemes are funded by the tax payer's money so they benefit the public whereas private creates business for company's.
Why do you think the commentaries are so signifiant to many Jews?
Without them, the Torah would be lacking in detail. Here's an example: you shall not murder. Is a doctor who gives the wrong medicine culpable? Fully culpable? Would it be permitted to kill an enemy who has hinted that he has plans to kill you in the future? There are myriads of details such as these which need clarification, which is what the Talmud and commentaries do.
