What is the name of a scheme in which schemers tell investors they're buying assets like real estate,stocks and bonds,or consumer products when,in fact,they're buying nothing?

Question

What is the name of a scheme in which schemers tell investors they're buying assets like real estate,stocks and bonds,or consumer products when,in fact,they're buying nothing?​

Quizplus · Accepted Answer

Ponzi schemes are fraudulent investment schemes in which returns are paid to earlier investors using the capital from newer investors instead of actual profits. The schemers often claim to invest in assets like real estate, stocks and bonds, or consumer products but in reality, they are not investing anything. The scheme is named after Charles Ponzi, who ran such a scheme in the early 20th century.

What Is the Name of a Scheme in Which Schemers