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At this point could it be considered a Ponzi scheme?
by simonjgreen 4y ago
At this point could it be considered a Ponzi scheme?
- lapetitejort 4y agoIs anything of monetary value being transferred to the initial backers?
- wnoise 4y agoNo. The suckers in Ponzi schemes are expecting to get money payouts from the founders -- and the early ones usually do, payed from investments from the later ones. This doesn't resemble that structure at all.
- birdyrooster 4y agoI think its just a regular con, no Ponzi structure needed.
- Akronymus 4y agoI don't think a con at all, just mismanaged to an extreme degree.