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
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
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
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.
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.