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Sunday, September 21, 2008

Ponzi scheme - Wikipedia, the free encyclopedia

A term that has been popping up lately.

A Ponzi scheme is a fraudulent investment operation that involves promising or paying abnormally high returns ("profits") to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business. It is named after Charles Ponzi. (read on)

Ponzi scheme - Wikipedia, the free encyclopedia

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