He perpetrated a financial scandal in the 1920s by using money received from later investors to provide early investors with returns on their investment.
A) Warren G.Harding
B) Kenneth Lay
C) Charles Ponzi
D) Bernard Madoff
E) Albert Fall

Question

Quizplus · Accepted Answer

This is the definition of a Ponzi scheme, named after Charles Ponzi who became infamous for using this method in the 1920s. The other options were involved in scandals, but not specifically this type of financial fraud.

He Perpetrated a Financial Scandal in the 1920s by Using