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17 Dec 08

Ponzi Scheme Defined: The Difference Between Ponzi Scheme and Pyramid Schemes

A Ponzi Scheme is term named after Charles Ponzi an Italian man who made a whole lot of money in the United States using this strategy. The characterstics of a ponzi scheme is usually a promise of a extremely high return of funds in a short period of time. For the scheme to work, there has to be a non-stop flow of investors that are willing to put huge funds of money.

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