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Posted by dukester 3 years ago In:

dukester
dukester Asked:

What is ponse scheme? A FIRM WAS INDICTEB BY THE SEC FOR A 50BILLION PONSE SCHEME.

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circusenvy1
circusenvy1 Answered:

A Ponzi Scheme is a fruadulent investment operation that promises to pay abnormally high returns to investors from the monies paid by previous investors, rather than from revenues by any real business. Similar to a Pyramid Scheme but the types of fraud are different.

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