Sunny Hostin: Ponzi Schemes and How to Spot Them
http://www.huffingtonpost.com/sunny-hostin/ponzi-schemes-and-how-to .. http://www.huffingtonpost.com/sunny-hostin/ponzi-schemes-and-how-to_b_153244.html
As news spreads of Bernard Madoff's alleged $50 billion fraud, many are wondering what exactly a Ponzi scheme is and how to avoid becoming a victim. Ponzi or "pyramid" schemes have been around for years, with slight variations. They "rob Peter to pay Paul": early investors - at the top of the pyramid - are paid off with money from newer victims - at the bottom. The modern name comes from…
10 months ago
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