How do ponzi schemes and pyramid scheme differ

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Case Study - Frauds of the Century

Questions-

1. How do Ponzi schemes and pyramid scheme differ? How are they similar?

2. Why are white-collar criminals such as Madoff able to carry out their schemes for so long when similar typer of fraud often collapse at an early stage?

3. What should be done to ensure large-scale fraud such as Ponzi schemes and pyramids schemes do not happen in the future?

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Reference no: EM131164955

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