When similar types of fraud often collapse at early stage

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

2. Why are sucessful white collar criminals such a Madoff abe to carry out their schemes for so long when similar types of fraud often collapse at an early stage?

What should be done to ensure large scale scams such as Pnzi schemes and pyramid scemes do not occue in the future?

Reference no: EM131273589

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