Ponzi scheme
Fraudulent investment scheme that pays earlier investors with proceeds from later investors
Nº Q219407 ★★★★
Super Rare · History
Ponzi scheme
Fraudulent investment scheme that pays earlier investors with proceeds from later investors
A Ponzi scheme (, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays apparent profits to earlier investors with funds from more recent investors. Named after Italian con artist Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that profits are derived from legitimate business activities (whereas the business activities are non-existent), or by exaggerating the extent and profitability of the legitimate business activities, using new investments to fabricate or supplement these profits.
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Anonymous sales: no buyer or seller shown. Figures count player-to-player sales only.
From Wikipedia
A Ponzi scheme (, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays apparent profits to earlier investors with funds from more recent investors. Named after Italian con artist Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that profits are derived from legitimate business activities (whereas the business activities are non-existent), or by exaggerating the extent and profitability of the legitimate business activities, using new investments to fabricate or supplement these profits. A Ponzi scheme can maintain the illusion of a sustainable business as long as investors continue to contribute new funds, and as long as most of the investors do not demand full repayment or lose faith in the non-existent assets they are purported to own.
Text: Wikipédia, CC BY-SA 4.0. · Image: Boston Library (NYT); en.wikipedia.org (Public domain) ·
