Ponzi scheme
id:
ponzi-scheme-227-344228
title:
Ponzi scheme
text:
A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that profits are derived from legitimate business activities, or by exaggerating the extent and profitability of the legitimate business activities, leveraging new investments to fabricate or supplement these profits. A Ponzi scheme can maintain the ill
brand slug:
wiki
category slug:
encyclopedia
description:
Type of financial fraud
original url:
https://en.wikipedia.org/wiki/Ponzi_scheme
date created:
2002-04-02T13:59:23Z
date modified:
2024-09-14T21:52:24Z
main entity:
{"identifier":"Q219407","url":"https://www.wikidata.org/entity/Q219407"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/6/66/Charles_Ponzi.jpg","width":600,"height":360}
fields total:
13
integrity:
16