Ponzi,pyramid and prime bank schemes are all instances of securities fraud.

Name: Ponzi,pyramid and prime bank schemes are all instances of securities fraud.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

All three types of schemes involve the use of deception and false promises to take money from investors without providing any legitimate investment returns or opportunities. This constitutes securities fraud, which is illegal and can result in criminal charges against those responsible.

Ponzi,pyramid and Prime Bank Schemes Are All Instances of Securities