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And yet there is a legal definition of a Ponzi scheme.
by the_mitsuhiko 4y ago
And yet there is a legal definition of a Ponzi scheme.
- yieldcrv 4y agoand yet every time it is actually prosecuted in court (not settled or plea dealed) the distinction blurs because the difference between something legal and illegal can’t be found
- deleted 4y ago[deleted]
- deleted 4y ago[deleted]
- bcrosby95 4y agoYes, and all the currently operating network marketing companies, legally, aren't Ponzi schemes. Yet I bet many people would call them a Ponzi scheme.
- jrm4 4y agoLol. I'm a lawyer. If I went around correcting people because they weren't using the legal definition of things, I'd have no time to do anything else. (I will go ham on you if you try to say a smart contract is a contract :)