Bady@lemmy.ml to Asklemmy@lemmy.ml · 1 year agoWhat are some notable scams in history that went unnoticed for so long?message-squaremessage-square42fedilinkarrow-up12arrow-down10
arrow-up12arrow-down1message-squareWhat are some notable scams in history that went unnoticed for so long?Bady@lemmy.ml to Asklemmy@lemmy.ml · 1 year agomessage-square42fedilink
minus-squareZodiacSF1969@sh.itjust.workslinkfedilinkarrow-up0arrow-down1·1 year agoThat’s not a Ponzi scheme. Sorry, but this misuse of the term really grinds my gears. A Ponzi scheme is a specific scam promoted as an investment, but in reality the payouts made to early victims come from the incoming money paid by new investors.
That’s not a Ponzi scheme. Sorry, but this misuse of the term really grinds my gears.
A Ponzi scheme is a specific scam promoted as an investment, but in reality the payouts made to early victims come from the incoming money paid by new investors.