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Really enjoyed the article, but have to point out the obvious: Fraud =/= Ponzi scheme. Ponzi schemes are a payout model where money from later investors is used
by rjkennedy98 7y ago
Really enjoyed the article, but have to point out the obvious: Fraud =/= Ponzi scheme. Ponzi schemes are a payout model where money from later investors is used to pay off earlier investors.
- blacksqr 7y agoYes, I've noticed that "Ponzi scheme" seems to have entered common parlance as meaning any kind of fraud.