5 ms·
Sounds like a pyramid scheme. Edit: For the interested, the distinction between a pyramid scheme and a Ponzi scheme is that a pyramid scheme is relatively more
by smitherfield 10y ago
Sounds like a pyramid scheme.
Edit: For the interested, the distinction between a pyramid scheme and a Ponzi scheme is that a pyramid scheme is relatively more upfront about how it generates returns, and relies on the investors themselves to recruit new investors, not the fund manager.
- simondlr 10y agoHow is it a pyramid scheme? Investors pool funds and proportionally vote on what to invest in. There's no requirement to recruit new investors.