I say Ponzi Scheme, WSJ blog says “high-yield hara-kiri”
RichC | July 15, 2012
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form […]