Originally posted on May 3, 2023 @ 14:40 A simple definition of a Ponzi scheme would be an illegal investment. This scheme (which was dubbed after Charles Ponzi, a scam artist who operated in the 1920s) guarantees stable and large profits while allegedly carrying very little risk for the investor. In the short period, these schemes might be successful, but in the long run, it will fail due to a…
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