Financial services against this type of ponzi schemes

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Reference no: EM131499136

Ponzi scheme was named after Charles Ponzi, who organized a large operation to defraud investors (mostly new immigrants). Like most Ponzi schemes, he offered high and consistent returns by using money from new investors to pay off earlier investors. Ponzi went to prison when his operation was uncovered and shut down in 1910.

Do you think we have enough regulations in the financial services against this type of Ponzi schemes?

Reference no: EM131499136

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