In the wake of the Madoff mess, a number of you have been asking questions about Ponzi schemes. So much so that I decided to write a short FAQ:
What is a Ponzi Scheme?
If you have any further questions, I would love to hear from you!
What is a Ponzi Scheme?
If you have any further questions, I would love to hear from you!
Comments
WHERE DID THE BILLIONS GO??
PETE
This is how Social (Non)Security works, isn’t it?
To get basic understanding of how Ponzi scheme really works I’d advice the following article:
http://www.myhowtoos.com/en/how-it-works/81-how-a-ponzi-scheme-works