Ponzi scheme

MarketWatch  Aug 20  Comment 
Five top sellers of Woodbridge Group of Cos. securities were sued by the U.S. Securities and Exchange Commission on Monday, accused of making unlawful profits from an alleged Ponzi scheme.
MarketWatch  Aug 20  Comment 
The Securities and Exchange Commission charged five individuals and four companies on Monday for allegedly selling shares of now-bankrupt Ponzi scheme Woodbridge Group of Companies LLC to retail investors even though they were not registered...
The Hindu Business Line  Jul 18  Comment 
Law proposes 10-year jail term, fine of up to ₹50 crore for duping depositors
Channel News Asia  Jul 11  Comment 
KUALA LUMPUR: The man leading Switzerland's investigation into 1Malaysia Development Berhad (1MDB) said on Tuesday (Jul 10) that the state fund has been used as a Ponzi scheme. The attorney-general's office in Switzerland began probing...
Yahoo  Jun 26  Comment 
Bank of America Corp. was accused in a lawsuit of providing more than 100 accounts used to perpetrate what the U.S. regulators called a $102 million Ponzi scheme. The brother and sister who sued to recover losses from their late father’s...
Motley Fool  Jun 22  Comment 
It's not just the recency bias talking -- the stock market has gone up in the long term, and will likely continue to do so.
MarketWatch  Jun 19  Comment 
The Securities and Exchange Commission said it's filed charges and obtained an asset freeze against individuals and companies behind a $102 million Ponzi scheme. According to the SEC's complaint, the defendants defrauded 637 investors and some...
The Economist  Jun 7  Comment 
Follow the Maany THE glitzy Gulf states take pride in superlatives. They have the world’s tallest building, the biggest shopping mall, even (for a time) the most expensive cocktail. To that list, add a slightly less glamorous entry: what a...
Clusterstock  Jun 5  Comment 
John Hussman, the outspoken investor and former professor who has been predicting a stock market crash, has new thoughts on what he calls an "economic Ponzi scheme." He argues that one of the biggest problems facing the market right now is a...


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A ponzi scheme is a fraudulent operation that promises to pay investors unusual returns on their investment. The scheme does not earn money through legitimate business, rather it relies on investment from new investors to pay back older investors.

It is named after Charles Ponzi who became famous for applying schemes of this type during early 20th century.

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