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Ponzi rather than pyramid scheme, but otherwise I agree. (A ponzi scheme paying current investors from the funds contributed by incoming investors, as distinct
by scoot 11y ago
Ponzi rather than pyramid scheme, but otherwise I agree.
(A ponzi scheme paying current investors from the funds contributed by incoming investors, as distinct from a pyramid scheme where payouts are typically in return for recruitment of others to the scheme.)
- JoshTriplett 11y agoFair enough, though the two are often combined (paying the top of the pyramid from the bottom).