International Finance

Tag : how does Ponzi Schemes work

Business Leaders

History’s Infamous Swindler

End of an Unscrupulous Game- Pulled down by “The Boston Post” 11th August 2013 According to U.S. Financial Regulator Securities and Exchange Commission (SEC), ponzi schemes are a kind of pyramid scheme which operate on the principle of “Rob Peter to pay Paul”. Fraudulent firms lure investors with large returns and take money from new...