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What is a Ponzi scheme?

Monday, July 29, 2019, 11:56 AM

Ponzi schemes are fraudulent investment schemes, which are set-up with the intention of making quick money by cheating investors. Under this scheme, the company pays returns to its old investors' using the money invested by new investors. To continue this scam, more and more investors must invest in this scheme, as they can pay-off old investors. Once the pyramid becomes unsustainable, the scheme collapses.
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