Catalina promises high returns to Darby and other investors, who then agree to trust their funds to Catalina. She uses these funds to pay previous investors. This is

A. a Ponzi scheme.
B. a stock option.
C. an accredited investor.
D. a tombstone ad.


Answer: A

Business

You might also like to view...

Mercosur or the Common Market of the South resulted from a treaty signed by four countries: Argentina, Brazil, Paraguay, and Venezuela

Indicate whether the statement is true or false

Business

The ________ is a symmetric bell-shaped distribution that is useful for small sample testing

A) F distribution B) p distribution C) t distribution D) z distribution E) chi-square distribution

Business

A loss contingency that is remote and cannot be reasonably estimated

a. may be disclosed in a note to the financial statements. b. must be disclosed in a note to the financial statements. c. must be reported in the body of the financial statements. d. is permitted to be reported in the body of the financial statements.

Business

In-text parenthetical citations prepared using the Publication Manual of the American Psychological Association format direct the reader to a list of sources that is arranged alphabetically by the:?

A) ?author's first name. B) ?author's last name. C) ?name of the publisher. D) ?place of publication.

Business