Ponzi scheme

<b>How it works:</b> Fraudulent investment operation which pays investors with funds from subsequent investors. This scheme entices new investors by offering higher returns than other investments. Remember, if it is too good to be true... Pictured above is <a class="taxInlineTagLink" id="PEOCVC00434122269" title="Scott Rothstein" href="/topic/crime-law-justice/crimes/criminals/scott-rothstein-PEOCVC00434122269.topic">Scott Rothstein</a>. He ran a $1.2 billion Ponzi scheme in South Florida.<br> <br> <b>Where it happens</b> All over.
sfl-ponzi-scam-071012.jpg

( The Miami Herald, courtesy )

How it works: Fraudulent investment operation which pays investors with funds from subsequent investors. This scheme entices new investors by offering higher returns than other investments. Remember, if it is too good to be true... Pictured above is Scott Rothstein. He ran a $1.2 billion Ponzi scheme in South Florida.

Where it happens All over.

  • Email E-mail
  • add to Twitter Twitter
  • add to Facebook Facebook
  • add to StumbleUpon StumbleUpon