No. It's gambling OK, but not much different to going up to a bookie and placing a bet with him. A ponzi scheme is one which lures you with, say, high returns, but these returns are paid out of new money coming in, not necessarily out of good investment returns.
The Ponzi Scheme was created on 1998-03-31.
Caritas - Ponzi scheme - ended in 1994.
Caritas - Ponzi scheme - was created in 1992.
The Agape scandal was the fact that they were defrauding people with the Ponzi scheme.
If you were an investor in Madoff's ponzi scheme, you lost money.
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.
No. They all collapse of their own weight.
Ponzi scheme. Really, i heard it on Oprah.