Solved

What Is a Ponzi Scheme

Question 50

Multiple Choice

What is a Ponzi scheme?


A) The practice of shipping chemicals illegal to sell in the United States to other nations where they are sold.
B) A form of real estate fraud involving kickbacks for loans made to nonexistent buyers.
C) A fraud where initial investors in a nonexistent enterprise receive returns that are paid using funds from later investors.
D) A form of collective embezzlement that uses computers to systematically shift illegal funds among banks and businesses.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents