A Swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.
A Ponzi Scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors.
Companies that engage in a Ponzi scheme focus all of their energy into attracting new clients to make investments.
Companies that engage in a Ponzi scheme focus all of their energy into attracting new clients to make investments.
The Ponzi scheme is named after Charles Ponzi, who became infamous in the U.S. and all over the world for his scam even though he was not the one who came up with this scheme.
