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June 17, 2014

Inside a Ponzi Scheme (Infographic)

The Low Down on Ponzi Schemes

You’ve heard about them in the news. Charismatic Ponzi schemers target thousands of gullible or inexperienced investors, then rob them of millions. Despite warnings, many people continue to fall for Ponzi schemes.

A Ponzi Scheme is a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.  So, if it sounds like it’s too good to be true, it probably is.

Ponzi Schemes
Source: BestAccountingDegrees.net

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Item Reviewed: Inside a Ponzi Scheme (Infographic) Rating: 5 Reviewed By: EconMatters