Ponzi scheme

Ponzi scheme

Upworthy

Published

A Ponzi scheme ( , [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[1] Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are coming from legitimate business activity (e.g.,…

#italian #charlesponzi #ponzi #adelespitzeder #sarahhowe #ladiesdeposit #charlesdickens #martinchuzzlewit #littledorrit #overly

Full Article