>ponzi It's become increasingly common to see the word "ponzi" applied to what is just really a "speculative investment". Its a shame this is continually bein

>ponzi It's become increasingly common to see the word "ponzi" applied to what is just really a "speculative investment". Its a shame this is continually being done, because its a real destruction of language meaning. A "ponzi scheme" is an intentional act to defraud...using a portion of investor funds to pay other investors in hopes of attracting more and more investors. The conman then times his exit appropriately once some critical mass of investors rush in. A risky or speculative investment is just that. There is no intent to defraud. The continual lazy use of "ponzi" does lots of harm since it unfairly implies 'an intentional act to defraud'.