Ponzi schemes

Off Topic » in reply to And at what age would he be eligible for parole?

Ponzi schemes

TB — 6/23/2009 5:47:08 PM (archived)

"A Ponzi scheme uses fresh investments from unsuspecting investors to make payments to more mature investors, to create the false appearance of legitimate returns."

You only go to jail for this if it's done in the private sector.

The whole thread (10 posts)

And at what age would he be eligible for parole? - z - 6/23/2009 3:32:49 PM
- Ponzi schemes - TB - 6/23/2009 5:47:08 PM
  - Ponzi schemes require an exponential growth in the number of investors to succeed. - alcaray - 6/23/2009 6:47:51 PM
    - Some Ponzi schemes are slower. - TB - 6/24/2009 2:47:22 AM
      - Again: not a Ponzi scheme. (n/t) - alcaray - 6/24/2009 2:55:03 AM
        
        "Death tax", "marriage penalty", "surrender", "Patriot Act", etc. (n/t) - Bowser - 6/24/2009 4:00:34 PM
  - Running the Wordens Portfolio - carl - 6/23/2009 6:36:48 PM
- How about counseling, community service and probation? - ER - 6/23/2009 5:43:21 PM
  - Apparently Madoff had a valid strategy. - Bowser - 6/25/2009 1:59:47 AM
  - Order of Magnitude arithmetic error! - ER - 6/23/2009 9:40:12 PM

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