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A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Many things from MLM to soc
by darkerside 4y ago
A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.
Many things from MLM to social security to VC markets can be viewed as a Ponzi scheme.
- skinnymuch 4y agoYour second paragraph doesn’t indicate that’s most things. Those are the obvious ones.