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Beside the word "solicit" the definition you deliver applies 100% to that website. So why do you think it does not follow the definition? The returns come from
by erikb 13y ago
Beside the word "solicit" the definition you deliver applies 100% to that website. So why do you think it does not follow the definition? The returns come from new investors. It requires a constant flow of money. It will inevitably collapse at one point.
- superuser2 13y agoThe website does not imply "little to no risk." It explicitly states that it's a Ponzi scheme, which clearly means that you're gambling on not being the last one the party.
- erikb 13y agoYes, but it is not a requirement to hide the fact that it is a Ponzi to be a Ponzi. It still is, if you know about it or not.
- superuser2 13y agoBy this definition, there is. >"purported returns" Disbursements from ponzi.io are not purported to be investment returns or legitimate income of any kind. There are clearly other people's contributions.