Of Ponzi Schemes and Social Security
Charles Ponzi was a swindler. You give him money and he’d pay you interest on that money by using cash from new “investors” in a deal that had only deposits and payouts and no investments.
Tag: charles ponzi
Charles Ponzi was a swindler. You give him money and he’d pay you interest on that money by using cash from new “investors” in a deal that had only deposits and payouts and no investments.
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