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Ponzi scheme
PONZI SCHEME

Definition: A fraudulent investing scam promising high rates of return with little risk to investors [as defined by Investopedia, an online financial dictionary].
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* Roguery/deception 'meeting' gullibility/greediness.


1. Purposeful and necessary, especially for the promoters of scam.

2. Business will be registered as a going concern and nothing more.

3. Never recognized by the state's or official financial regulators.

4. Operates with the minimum of rules, terms and conditions applying.

5. The rates offered can't be bettered, except by a 'smarter' scammer. And 'solid' banks and/or financial institutions will not be involved in managing funds collected by scammer.
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Do not ask how it works.

Promises are fulfilled for early comers, they'll laugh out loud.

Meant to enrich, they say.




Quote: "Advice is one thing that is freely given away, but watch that you only take what is worth having". - George S. Clason.




6. Promotion of business will be more by spreading with word of mouth.

7. Doesn't turn down deposits and limits on lodgements not respected.

8. Promoters, where not 'invisible', are smooth-talkers or taciturn.

9. Will inevitably crash. That is, sustainability can't be assured.

10. Serves purpose(s) for all concerned, especially if beneficial. And particularly if 'managers' of fraud smile to the banks while escaping the law, as they are wont to (to emphasize).
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Can't ask why it stopped working.

Promises are broken to later arrivals, they'll shed real tears.

Whatever business name used.

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