Ponzi Scheme Victims Beware: There Is No Such Thing As Easy Money

Finance Tech Brief By HackerNoon

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A Ponzi scheme is an investment fraud where a fraudster collects money from people with a promise of higher than the usual market rate returns.
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A Ponzi scheme is an investment fraud where a fraudster collects money from people with a promise of higher than the usual market rate returns. A Ponzi scheme involves circulation of the capital instead of the distribution of profits. Such schemes go belly up because there is no profit-making involved.