How a Ponzi scheme works

How a Ponzi scheme works

A Ponzi scheme is a con investing carried forth to distinct investors from their money. It is entitled after Charles Ponzi, any fellow whom assembled one such scheme at the starting of the 20th 100 years, though the notion was well renowned originally to Ponzi. The scheme is conceived to assure the social towards location their cash into a fradulent investment. (Zuckoff, 2005) Once the con artistic person feels that sufficient abundance has been assembled, he goes away - taking everybody the cash with him.

Five Key Elements of a Ponzi Scheme

1.The Benefit: ...