A Ponzi scheme, such as Bernie Madoff ran, is:

Question

Quizplus · Accepted Answer

A Ponzi scheme is a fraudulent investment scheme in which returns are paid to earlier investors using the capital of newer investors, rather than from actual profits. It is not a card game, sound investment scheme, or scheme to improve the environment. While it may be difficult to hide a Ponzi scheme forever, some schemes have gone undetected for years before being exposed. Therefore, option E (All of the above) is not the best choice.

A Ponzi Scheme, Such as Bernie Madoff Ran, Is