charles ponzi

Define Ponzi Scheme: Charles Ponzi

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Define Ponzi Scheme: Charles Ponzi The definition Ponzi scheme comes from Charles Ponzi who in 1920 swindled numerous investors totaling $420,000 which in today’s terms is nearly $5 million American dollars. To define Ponzi scheme refers to using monetary investments acquired from new investors and give them to earlier investors instead of from the actual […]