Discuss the meaning of a Ponzi scheme
What will be an ideal response?
A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many of these schemes, the fraudsters focus on attracting new money to make promised payments to earlier stage investors and to use for personal expenses, instead of engaging in any legitimate investment activity. The term Ponzi comes from Charles Ponzi who duped thousands of New England residents into investing in a postage stamp speculation in the 1920s.
You might also like to view...
The problem of alcohol dependence in society has become one of considerable significance to law enforcement agencies in light of the fact that one in four officers may have a problem with alcohol
a. True b. False
The recommended scale for detail sketches is ________
A) 1 inch = 1 foot B) 1/2 inch = 10 feet C) 1/2 inch = 1 foot D) 1/8 inch = 1 foot E) 1 inch = 10 feet
Barry regularly shoplifts various items (DVDs, small appliances, toiletries) from big box stores (e.g., Wal-Mart). He feels some guilt after doing this but resolves these negative feelings by telling himself that corporations won’t miss the money and that the people who run them are often white-collar criminals themselves. These thoughts are an example of:
a. primary deviance. b. techniques of neutralization. c. low self-control. d. an anomic state.
Adults who serve alcohol to underage children may be prosecuted for:
a. physical abuse
b. physical neglect
c. emotional abuse
d. emotional neglect