Ponzi scheme: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Links ordering.) |
imported>Doug Williamson (Mend link.) |
||
| Line 11: | Line 11: | ||
* [[Fraud]] | * [[Fraud]] | ||
* [[Misrepresentation]] | * [[Misrepresentation]] | ||
* [[Pyramid | * [[Pyramid scheme]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 01:18, 29 December 2020
Fraud - investment.
A Ponzi scheme is a type of investment fraud.
An illusion of high rates of investment return is created by making payments to early investors out of the proceeds from later investments.
This is an unsustainable structure, dependent for its continuation on attracting ever-larger numbers of investors.
