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 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
UNFORTUNATELY THERE ISN'T ONE AT THIS TIME!! Until congress gets themselves in gear and revamps the whole Social Security program it's still headed in the same direction it has been for years...bankruptcy by 2040! At the moment it's the biggest Ponzi scheme of them all!
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.
Check your annual OPM annuity statement -- there is no payroll tax. A payroll tax feeds the Ponzi scheme we commonly call Social Security. For the last few years the payroll tax was reduced by 2% but that just means Social Security will become broke even faster.
Ponzi scheme. Really, i heard it on Oprah.