Ponzi scheme

RECENT NEWS
The Economic Times  Dec 5  Comment 
In 2016, the government had issued guidelines for the direct selling industry and differentiated it from Ponzi schemes.
MarketWatch  Nov 13  Comment 
There are more than a dozen new legal cases involving Ponzi schemes every month.
Reuters  Nov 9  Comment 
The U.S. government said it has begun distributing $772.5 million from a $4.05 billion fund to compensate victims of Bernard Madoff's Ponzi scheme, ending a nearly nine-year wait for thousands of people to start recouping their losses.
Mondo Visione  Nov 7  Comment 
The Securities and Exchange Commission is warning investors to beware online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a certain number of online...
Mondo Visione  Sep 29  Comment 
The Commodity Futures Trading Commission (CFTC) on September 28, 2017, filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Hasan Sarwar a/k/a Alexander Sarwar (d/b/a Profit...
Forbes  Sep 27  Comment 
The U.S. government recently stepped in to shut down an alleged Ponzi scheme involving Bitcoin. Here's what you need to know.
MarketWatch  Sep 22  Comment 
The Commodity Futures Trading Commission accused a New York firm of running a bitcoin-related Ponzi scheme, the regulator's first anti-fraud enforcement action involving the cryptocurrency. In a civil complaint filed in U.S. District Court in...
The Hindu Business Line  Sep 15  Comment 
Judicial proceedings against Sahara are proceeding with vigour (the Supreme Court refused to stay the auction of Aamby Valley last week, for example) but those against Ponzi schemes such as Rose Valley, PACL and NSEL proceed at the pace of 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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