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They actually weren't just paper returns. Like many ponzi schemes, he used late investor money to pay returns on early investors.
by jjeaff 6y ago
They actually weren't just paper returns. Like many ponzi schemes, he used late investor money to pay returns on early investors.
- dternyak 6y agoYes, this is true in the sense that investor's did actually receive returns, but I was talking about the fund as a whole not actually generating any returns.