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/Home/Charles Ponzi and Modern Day Ponzi Schemes
Charles Ponzi devised a scheme now named after him.Although it is invoked to describe a variety of brazen, gargantuan rip-offs, it really applies only to swindles of a certain kind, longer than a one-shot deal but inherently limited in duration, in which people are promised windfall profits from can't-miss investments -- to be paid, when they are paid at all, only out of money collected from subsequent dopes and dupes.
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S.E.C. Report Details Lapses i
