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Seems to somewhat fit the defition, if you squint a little > A Ponzi scheme is a fraudulent investment operation where the operator generates returns for olde
by dominotw 9y ago
Seems to somewhat fit the defition, if you squint a little
> A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading.
https://en.wikipedia.org/wiki/Ponzi_scheme https://en.wikipedia.org/wiki/Ponzi_scheme
- Atheros 9y agoNone of us are paying into social security expecting a positive return. That's why it isn't a ponzi scheme. There is no fraud involved.