Ponzi vs. Pyramid Scheme: What’s The Difference?
Discovery GO http://smart.link/57ae195b47796 Subscribe! http://bitly.com/1iLOHml While con-artist sound like they belong in the past, many modern charlatans ...
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Republican Presidential Candidate Donald Trump faces three class-action lawsuits for fraud, false advertising, and deceptive business practices over his so-called “University”. Some have suggested that Trump U is actually a Ponzi scheme. And while Trump U was more of an expensive real-estate seminar than a university, and a lot of participants lost their money, it was NOT a Ponzi scheme. Many people are quick to call this, and similar scams, “Ponzi” or “pyramid” schemes, so what exactly are they and how do they work? Well, in short, a ponzi scheme is a scam, in which victims are coerced into investing in an entity that doesn't exist. Ponzi Scheme operators recruit unsuspecting individuals by promising that they will [quote] “get rich quick” by putting money into a prom...
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Republican Presidential Candidate Donald Trump faces three class-action lawsuits for fraud, false advertising, and deceptive business practices over his so-called “University”. Some have suggested that Trump U is actually a Ponzi scheme. And while Trump U was more of an expensive real-estate seminar than a university, and a lot of participants lost their money, it was NOT a Ponzi scheme. Many people are quick to call this, and similar scams, “Ponzi” or “pyramid” schemes, so what exactly are they and how do they work? Well, in short, a ponzi scheme is a scam, in which victims are coerced into investing in an entity that doesn't exist. Ponzi Scheme operators recruit unsuspecting individuals by promising that they will [quote] “get rich quick” by putting money into a prom...
