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ponzi scheme
fraudulent investment scheme that pays earlier investors with proceeds from later investors
AI overview
A Ponzi scheme is a fraudulent investment where money from new investors is used to pay returns to earlier investors, rather than from actual profits. It matters because it inevitably collapses when new investor money runs out, leaving most participants with substantial losses.
AI-generated from the Wikipedia summary — may contain errors.
Wikidata facts
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- Commons category
- Pyramid and Ponzi schemes
Sources (1)
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