An investment scheme that doesn't actually exist.
Investors get paid a return on their investment which is paid from the funds of new investors, and so on. I relies on a constant stream of new investors to keep it going, once that stops it all goes tits up and everyone finds out the bloke running it was trousering all the money.
That cricket bloke did a brilliant one. They all fail in the end.
Posted By: tudders on September 28th 2012 at 17:41:30
Message Thread
- what a ponzi (Other Football) - earthleakage, Sep 28, 17:35:03
- An investment scheme that doesn't actually exist. (Other Football) - tudders, Sep 28, 17:41:30
- The Boiler Room, is a decent film about it too (n/m) (Other Football) - pants, Sep 28, 18:11:29
- what i find staggering about it (Other Football) - Tombs, Sep 28, 17:45:11
- Me too. (Other Football) - Chris Peacock, Sep 28, 17:59:10
- particularly after his PNE disaster just a few months earlier (n/m) (Other Football) - Charles21, Sep 28, 19:13:00
- Someone will write an article about these transfers (Other Football) - pants, Sep 28, 18:14:20
- would be a fairly boring article (n/m) (Other Football) - Charles21, Sep 28, 19:12:33
- thats what i was thinking (Other Football) - Tombs, Sep 28, 18:19:15
- Me too. (Other Football) - Chris Peacock, Sep 28, 17:59:10
- An investment scheme that doesn't actually exist. (Other Football) - tudders, Sep 28, 17:41:30
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