A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually entices new investors by offering return other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.
By NATHAN KOPPEL TD Bank, a unit of Canadian banking giant TD Bank Financial Group, has been hit with a lawsuit arising out of an alleged Ponzi scheme by ...
Petters is charged with running a fraud scheme that bilked $3.65 billion over more than a decade, making it one of the largest Ponzi schemes in history, ...
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A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, ... en.wikipedia.org
By this time, Ponzi was seeking another deal to get him ... the Barron's financial paper, to examine Ponzi's scheme. ... en.wikipedia.org
Apr 19, 2001 ... Ponzi schemes are a type of illegal pyramid scheme named for Charles Ponzi, who duped thousands of New England residents into investing in a ... www.sec.gov
Aug 14, 2009 ... News about Ponzi schemes. Commentary and archival information about Ponzi schemes from The New York Times. topics.nytimes.com