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Wild-cat (3)
WILD-CAT (3)

Definition: A speculative or unsound financial scheme (U.S.): one who takes part in such a scheme.
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* All six elements would be in.


1. Purposeful and necessary, for promoter(s) (connect to #2).

2. Presented to the public as having prospects and promises - mouth-watering returns on investments, guaranteed payment on maturity, etc.

3. Regulator approving missed the lacuna or accounting error.
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See perfect SPECULATIVENESS.

See perfect VOODOO BANKING.

See perfect PONZI SCHEMER.



4. Temporary gain, herein, obtained only by fraudulent owner(s).

5. Provisions within the industry or economy offer support. That is, creative accounting, insider trading, etc. would be survived by victim(s).

6. Lessons would be learnt, therefrom, by those who fall victim.
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See perfect UNSOUNDNESS (2).

See perfect PARTICIPATION.

See perfect EASY STREET.

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