The scheme that bears his name is a fraudulent investment operation, promising high returns with little risk. Early investors are paid with funds from newer participants, creating a cycle that collapses when recruitment slows. Ultimately, only the original orchestrator benefits, while late investors lose their capital. This practice is now commonly known as a Ponzi scheme.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends