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What’s a Ponzi scheme?

January 28th, 2010 admin

The original Ponzi scheme occurred in 1920, when Charles Ponzi amassed almost $10,000,000 by conning people in Boston by having them invest in a fake enterprise.  
While a Ponzi scheme can range from simple to very complex, its basic elements are the same: Find investors and pay them returns using the money from new investors. Once [...]img alt=”" border=”0″ src=”http://stats.wordpress.com/b.gif?host=muddyyork.comblog=5188131post=2141subd=centraltorontorealestateref=feed=1″ /img src=”http://feeds.feedburner.com/~r/MuddyYorkARealEstateBlog/~4/ZyjEwAlHjqM” height=”1″ width=”1″/

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