What type of fraud occurs when the deposits of current investors are used to pay returns on the deposits of previous investors with no real investment happening?

Name: What type of fraud occurs when the deposits of current investors are used to pay returns on the deposits of previous investors with no real investment happening?
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Question

Quizplus · Accepted Answer

This describes a Ponzi Scheme, where the returns for earlier investors come from the deposits of newer investors, rather than from actual investment returns.

What Type of Fraud Occurs When the Deposits of Current