A Ponzi scheme is an investment scam that pays early investors with money taken from later investors to create an illusion of ...
As an attorney who has helped companies, consumer groups and the public understand consumer law throughout my entire career, I was disappointed to read a July 18 op-ed in The Hill criticizing an ...
The Gazette's Dec. 29 definition of a Ponzi scheme: “A constant infusion of new investors (taxpayers) to furnish the cash (re-election) for the scammer (bill sponsor)” certainly fits our Congress of ...
Stormont has been challenged to devise a “more rounded” compensation scheme for those impacted by the Troubles. Mr Justice McAlinden, president of the Victims’ Payment Board, described the definition ...
Data crunch: The UK private sector defined benefit universe comprises approximately 5,500 schemes with a combined £1.8tn in total assets. The result is a landscape that is uncommonly diverse, although ...
So according to a recent letter writer (Feb. 6), Social Security is not a Ponzi scheme. By definition, a Ponzi scheme has no investment backing it; it pays its investors [read: taxpayers] using their ...