Investment fraud scheme where early investors get "paid" by investments from later investors, but the last investors end up with nothing when the scheme collapses.
Related categories 1
Sites 7
- Pyramid Scheme Alert International organization to expose, study and prevent illegal pyramid schemes. News, alerts, resources, legal information and consumer information.
- SEC.gov - Pyramid Schemes Explanations, warnings and links to related articles published by U.S. government agencies.
- Motherjones.com - The Net As Ponzi Scheme Article compares the internet stock boom with a Ponzi scheme.
- "Pyramid Schemes" A speech by Debra A. Valentine, General Counsel For The U.S. Federal Trade Commission. Describes these schemes, how they can cause financial ruin for governments and banks, and how governments have cracked down on internet "get rich quick" schemes.
- Skeptic's Dictionary: Pyramid Schemes, Chain Letters and Ponzi Schemes Defines these fraudulent systems of making money which require an endless stream of recruits for success.
- MatrixWatch Collects and discusses information on matrix sites and other scams.
- In Ponzi We Trust Describes how con artists today are using the Internet to reinvent the Ponzi scheme. From Smithsonian Magazine, Vol 29 number 9.