Ponzi scheme

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Related to Ponzi schemes: insider trading, Pyramid schemes, Bernie Madoff

Ponzi scheme:

see under Ponzi, CharlesPonzi, Charles or Carlo,
1882–1949), Italian-American swindler. He came to the United States from his native Italy in 1903, then went in 1907 to Canada, where he was convicted of check forgery.
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References in periodicals archive ?
Some were just badly managed, but others were outright frauds operating Ponzi schemes.
Although Ponzi schemes bilked investors for the past 120 years, the 1990s and 2000s experienced a series of high profile, high dollar Ponzi schemes.
But the multi-millionaire has been "stung" by a Ponzi scheme in the US state of Michigan, where she is believed to have bought more than 100 houses.
Many Ponzi schemes are run like multi-level marketing (MLM) schemes, which sometimes lead to harassment of direct selling companies.
The revived Russian Ponzi scheme, MMM, has reached Armenia.
or SEBI should begin a major campaign in line with Jago Grahak Jago, woolmark or hallmark (gold) to create awareness among the investors about these ponzi schemes.
Ponzi schemes lure new investors by offering quick and abnormally high returns.
Those who perpetrate Ponzi schemes clearly fall in the definition of "confidence men" and one of the common ways used to generate confidence in themselves, their stature in their communities, and the legitimacy of their businesses is through charitable giving.
Investors in a $7 billion Ponzi scheme strung together by fraudulent financier and cricket mogul Allen Stanford could finally begin getting back some of what they lost in the next few months.
Picard said in court documents that if the settlement proceeds, it will "thwart the Trustee's efforts to recover funds for equitable distribution to the victims of the Ponzi scheme.
Since the Howell scheme collapsed and he died, which were almost simultaneous events, we have all learned that Ponzi schemes can be much bigger and longer-lasting than previously assumed.
A defines the Ponzi scheme generally and explains two Ponzi subtypes that dictate the avoidability of payouts: fixed-income Ponzi schemes and equity-type Ponzi schemes.