What is a Ponzi Scheme and how does it work?
Courtesy of Khan Academy
What is a Ponzi Scheme and how does it work? This video gives a great explanation of what a Ponzi Scheme is and how it can deceive investors out of a lot of money. This type of scheme can last a very long time and can affect a large amount of people. Unfortunately it is almost impossible to know when a Ponzi Scheme is taking place until it is too late, often when all the money is gone.
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