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ecbrenner commented on the word ponzi scheme
"The Ponzi scheme uses cash from new investors to pay dividends to old investors, so it looks like profits are soaring." "How to Run a Scam," Wired (17.04, 30)
April 30, 2009
kewpid commented on the word ponzi scheme
Apparently it is a badge of honour to be one of the people screwed over by Bernie Madoff. It's a very exclusive list.
March 14, 2009
bilby commented on the word ponzi scheme
Valse, the Wikipedia link is under the word, the W icon.
valse commented on the word ponzi scheme
see the original Ponzi
A timely expression.
garyth123 commented on the word ponzi scheme
The Bernard Madoff affair is an example. The BBC however referred to the Madoff swindle as a pyramid scheme.
December 21, 2008