Benny Ripoff is a con artist who offers investors great returns on their money. He funds early investors' returns by taking money from later investors and there is little or no legitimate revenue generating investments at all. Benny shows fraudulent statements that falsely report non-existent assets. This type of activity is called

Question

Quizplus · Accepted Answer

This activity is called a Ponzi scheme, where returns to earlier investors are paid using the capital from newer investors, rather than from profit earned by the operation of a legitimate business.

Benny Ripoff Is a Con Artist Who Offers Investors Great